Nio launches ES9 SUV in China, starting at 390,000 yuan, as the company shifts focus back to domestic market due to geopolitical tensions and high overseas investment costs
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Nio launches ES9 SUV in China, starting at 390,000 yuan, as the company shifts focus back to domestic market due to geopolitical tensions and high overseas investment costs
UniCredit CEO Andrea Orcel stated the Italian bank aims to exercise control over Germany's Commerzbank by the fourth quarter, having increased its stake to 48%. This follows a shift in the German Finance Ministry's stance, despite its opposition to UniCredit's "aggressive approach."
Alphabet and Tesla shares dropped in premarket trading after both companies signaled increased AI spending, raising investor concerns about mounting costs. Alphabet raised its capex forecast, and Tesla reported a significant surge in Q2 capex.
Alphabet reported double-digit revenue growth and beat Wall Street's Q2 expectations, marking its 12th consecutive quarter of gains. The tech giant increased its capital expenditure forecast to $200bn, driven by massive AI investments, while facing intense competition from rivals like OpenAI and Anthropic.
US labor force dropouts hit a record 105.8 million in June under President Trump, surpassing Great Recession and COVID-19 peaks. This includes 832,000 who left last month, with economists noting a "flight from work" among prime-age men and a growing group of women.
The Designers Republic (TDR), founded by Ian Anderson in Sheffield 40 years ago, is celebrated for its influential graphic design work for music acts like Aphex Twin and Pulp, video games, and brands, despite its humble, self-taught beginnings.
Crypto traders on Hyperliquid are pricing China's ChangXin Memory Technologies (CXMT) at a valuation exceeding ICBC, days before its Shanghai IPO. This reflects offshore investor demand and limited access to the official listing, despite regulatory scrutiny on Hyperliquid.
