Adani pulls back on big targets after Hindenburg bomb.
Adani Group, one of India’s largest conglomerates, has reportedly pulls back its ambitious growth targets after a Hindenburg bomb report by short-seller Hindenburg Research last year. The report, which accused Adani of financial impropriety and environmental violations, led to a...
Utah prohibits minors under 18 from using social media without parental consent.
The state of Utah in the United States has recently passed a bill that prohibits minors under the age of 18 from using social media without their parental consent. The bill, known as HB 72, was signed into law by...
Asian shares rise as worries about banks begin to fade.
Asian shares have been on the rise in recent weeks, as anxiety over the health of banks in the region begins to fade. Investors have been buoyed by strong earnings reports from some of the region’s largest banks, as well...
Binance CEO CZ, crypto tycoon, faces more than ‘FUD’ in CFTC suit.
Binance CEO CZ (Changpeng Zhao), commonly known as CZ, is facing more than just “fear, uncertainty, and doubt” (FUD) in the ongoing lawsuit brought against him by the US Commodity Futures Trading Commission (CFTC). The CFTC has accused CZ of...
BlackRock and Fidelity lose $1 trillion in China’s pension market.
BlackRock and Fidelity are among the top asset managers who have lost a combined $1 trillion in China’s pension market, according to recent reports. This loss comes as China moves to nationalize its pension system, which has been managed by...
After Silicon Valley Bank, First Citizens buys Run on Lender.
In a recent move, First Citizens Bancshares, a North Carolina-based bank, has announced its acquisition of Run on Lender (RoL), a California-based fintech lender that specializes in small business loans. This acquisition comes just months after Silicon Valley Bank (SVB)...
Jack Ma’s Retreat reduces China’s supply to private enterprise.
Jack Ma’s retreat from the spotlight has raised concerns about the state of private enterprise in China. In late 2020, Jack Ma, the billionaire founder of Alibaba, made headlines for his criticism of China’s financial regulatory system. His remarks came...
Rocket Lab wants a $50 million Neutron Rocket launch to challenge SpaceX’s Falcon 9.
Rocket Lab, a private American aerospace manufacturer and small satellite launcher, has announced that it is developing a new medium-lift launch vehicle to challenge SpaceX’s Falcon 9. The Neutron rocket is designed to carry payloads of up to 8,000 kg...
Apple CEO Cook emphasizes relationship with China at Beijing event.
On March 22, 2023, Apple CEO Tim Cook delivered a speech at the Beijing Economic Forum, where he emphasized the importance of Apple’s relationship with China. Cook’s speech comes at a time when tensions between China and the US are...
Ford says it will lose $3 billion on electric cars this year as it encourages a startup mindset.
Ford Motor Company recently announced that it expects to lose $3 billion on its electric vehicle (EV) business this year. The announcement came as the company emphasized its “startup mindset” and commitment to transitioning to a fully electric vehicle lineup....
