Author: Press Room
Tesla is opening a Megafactory in Shanghai, the electric car manufacturer announced on Twitter Sunday. The factory will be able to produce 10,000 Megapacks per year, which are very large batteries used to store utility-scale amounts of electricity. The company announced the new factory with a picture of a signing ceremony in China. “Tesla opening Megapack factory in Shanghai to supplement output of Megapack factory in California,” Elon Musk said on Twitter. Chinese state media outlet Xinhua first reported the news, saying the electric automaker will break ground in this year’s third quarter and begin production in the second quarter…
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The Love Hate Inu is raising a lot of dust on its presale as one of the best-emerging projects in the emerging industry. So far, the Love Hate Inu protocol has raised over $3 million in less than a month. A feat that ranks the project as one of the best projects so far in the emerging industry.The Love Hate Inu platform is one of the few meme tokens that offers real-world utility, unlike other popular meme coins like Doge and Shiba Inu.The token attributes this utility to its voting system, which is based on blockchain technology that allows people…
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LVMH CEO Bernard Arnault’s net worth surpassed $200 billion on Tuesday. He is the third person ever — after Elon Musk and Jeff Bezos — to reach this level of wealth. Arnault’s fortune grew on the back of LVMH’s soaring stock price, which is up nearly 25% this year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Bernard Arnault, the CEO and cofounder of LVMH Moët Hennessy Louis Vuitton, is the richest person in the world — and has just reached a new financial…
New grandfather Bill Gates shared his first photo with his grandchild on Instagram. “I can’t wait to watch you discover the world,” the Microsoft cofounder wrote in the caption. His daughter Jennifer, who he had with ex-wife Melinda French Gates, welcomed her child in March. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Bill Gates says he “can’t wait to watch” his first grandchild “discover the world,” in his first publicly shared photo with the baby on Instagram.Gates became a grandfather in March when…
Since the start of the pandemic, the markets, especially the SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) seem to be moving in sync with dollar liquidity characterized by the proxy for liquidity measured in its most popular form by the Total size of the Federal Reserve balance sheet minus the amounts “trapped” in the Treasury General account and the Reverse Repo facility of the Federal Reserve. I won’t go into the details of why dollar liquidity is so important for the evolution of asset inflation or deflation as this article would be excessively long but here you can find an excellent…
US health secretary Xavier Becerra said the Biden administration was weighing “every option” to fight a Texas judge’s “reckless” ruling that would withdraw approval for an abortion drug if upheld.Becerra said the decision by Texas federal judge Matthew Kacsmaryk would imperil women’s access to critical healthcare in America, as well as threaten the entire approval process of the US Food and Drug Administration.“What you saw by that one judge in that one court in that one state — that’s not America,” Becerra said on CNN on Sunday.“America goes by the evidence. America does what’s fair. America does what is transparent and…
Three years after the start of the Covid-19 pandemic, Americans’ views of the disease’s impact have stagnated into a complex set of mixed feelings, recent polling suggests, with few believing that the pandemic has ended but most also saying that their lives had returned mostly – if not entirely – to normal. The US Senate passed a bill last week that would end the national Covid-19 emergency declared in March 2020. The US House approved the measure earlier this year, and the White House has said President Joe Biden will sign it despite “strongly” opposing the bill. The administration had…
About the author: Reva Goujon is a macro geopolitical strategist and director for China Corporate Advisory at Rhodium Group.The urge to embrace an artificial intelligence-driven era of economic growth is colliding with state paranoia over data weaponization. It’s a combustible mix, stoking a geopolitical standoff between Beijing and Washington over whose data regulations reign supreme. But this cocktail could also compel a fundamental reset in the strategic competition between the U.S. and China. A pattern has emerged in recent years. Economists model how many percentage points of gross domestic product growth can be sourced from data flows to reinvigorate the…
