Hybrid car sales in the U.S. surged nearly 20% in H1 2026, reaching 15.4% market share, almost triple that of pure EVs. Toyota, Hyundai Motor Group, and Honda control 86% of this booming market, benefiting from early investments as consumers prioritize fuel savings and range over pure EVs.
US markets surged, with the Dow crossing 53,000 for the first time, driven by chip stock rebounds. Meanwhile, FIFA rejected Belgium's challenge to US striker Folarin Balogun's eligibility, a decision supported by Donald Trump. Alibaba also banned AI tools citing security risks.
JPMorgan CEO Jamie Dimon criticized Canadian PM Mark Carney's call for middle powers to form coalitions, calling it a "fantasy" and pointing to Europe's declining competitiveness due to high taxes and regulation. Dimon stressed the need for attractive business environments over geopolitical blocs.
Strategy's flagship preferred stock (STRC) fell to a new record low of $71.25 on Friday as Bitcoin's price lingered below $60,000. Analysts are increasingly concerned about the company's capital structure and recurring costs, especially with its Bitcoin holdings $13.1 billion underwater.
Hyundai Motor Group achieved an 11.8% market share in the U.S. auto market from January to April, up from 11.3% last year, driven by strong sales of eco-friendly vehicles amid declining demand for conventional models.
SoftBank Group shares dropped over 11% following a tech sector sell-off, driven by profit-taking and concerns over its high-risk AI investments. CEO Masayoshi Son remains optimistic about AI's long-term potential.
SoftBank's shares dropped 10% following a U.S. market sell-off and profit-taking in the tech sector. Despite recent gains and CEO Masayoshi Son's bullish AI outlook, concerns linger over SoftBank's high-risk investments.
US stocks are poised for a winning week, with the S&P 500 and Dow Jones reaching record highs despite bond market jitters. Diplomatic efforts between the US and Iran are underway, while Trump postponed an AI executive order signing. European earnings season nears its end with Richemont reporting strong sales, and Estée Lauder ends merger talks.
Guzman y Gomez shares jumped 20.58% after the Mexican-themed fast-food chain announced its exit from the U.S. market to concentrate on Australia, citing high costs and lack of differentiation from rivals.
Blockchain.com has confidentially filed for a U.S. IPO, joining a growing list of crypto firms seeking to go public. The UK-based company, founded in 2011, has facilitated over 100 million crypto wallets and $1 trillion in transactions.
US bipartisan lawmakers introduce the Connected Vehicle Security Act to ban Chinese-made connected vehicles, software, and hardware from the US market, citing national security and data collection concerns, ahead of Trump-Xi meeting.
US lawmakers introduce bipartisan legislation to ban Chinese-made 'connected vehicles' citing national security and data concerns ahead of Trump-Xi meeting.
Kia plans to enter the U.S. midsize pickup truck market by 2030 with a new body-on-frame model, including hybrid variants. The company aims to sell 90,000 units annually in North America by 2034 as part of a broader global growth strategy.
