China's Car Market Booms
At the Shanghai auto show, global auto executives are returning to a vastly different market than the one they left in 2021. China-made brands now dominate key segments, propelled by new electric-drive models that are gaining ground both domestically and internationally.
Go Deeper (2 min read)Luxury Slows Down, Just A Bit
LVMH's sales report for the first quarter revealed that wealthy consumers in the United States are reducing their purchases of high-end fashion and leather goods.
Go Deeper (2 min read)Warren Buffet Increases His Exposure To Japan
Buffett expressed his satisfaction with his current investments in these firms and stated that he is considering investing further in five of Japan's major trading houses.
Go Deeper (2 min read)China's Manufacturing Loses Momentum
China's manufacturing industry, which accounts for one-third of the world's second-largest economy, lost momentum in March due to weak export orders, hindering the country's economic recovery from COVID-19 restrictions.
Go Deeper (2 min read)Alibaba Announces Major Restructuring Plans
On Tuesday, Alibaba Group announced its plans to divide into six units, with most of them seeking fundraisings or listings, in its largest restructuring in its 24-year history
Go Deeper (3 min read)More from Business
Adani's Troubles
The crisis was caused by a report from U.S. short-seller Hindenburg Research accusing Adani of stock manipulation, excessive debt, and use of tax havens.
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Greenlight Capital Stages A Comeback
Greenlight Capital saw a return 36.6% for 2022 thanks to its strategy of shorting overpriced technology stocks. The Nasdaq Composite index, which is heavily weighted toward technology, fell 33%.
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Self-Driving Hasn't Arrived Yet
Despite lofty claims of having running fleets of autonomous vehicles by the start of the 2020s, automotive producers and robotaxi startups have to re-adjust their clams.
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China's Restart
After years of pandemic-driven disruptions, factory managers and workers are finally seeing the light at the end of the tunnel. The country rapidly removed restrictions of movement in December, a move that greatly increased the number of COVID-19 cases and caused further disruptions.
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Bed Bath & Beyond, A Distressed Retailer
Founded in 1971, Bed Bath & Beyond is an omni-channel retailer of domestic merchandising and home furnishing through a network of physical stores and various websites.
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ChatGPT, The New Web3?
OpenAI, the research facility behind the popular ChatGPT chatbot, is in discussions to sell its current stock in a tender offer that would value the company at around $29 billion?
Go Deeper (3 min read)
