#bloomberg (9 Posts)
-
From Regret to Revenue: Dior Bags Spark Backlash Amid Record Sales
Dior, a representative luxury brand from France, has become a hot topic due to some customers expressing regret after purchasing their bags. Despite the hefty price tag, ranging from a minimum of $720 to over $7,215, Dior bags have garnered immense popularity, achieving over $721 million in domestic sales. According to the electronic disclosure system […]
-
Insights from Experts on the Chinese Fund Recruited by Xi Jinping
China establishes $35 trillion semiconductor fundChinese funds decline amid economic downturnUrgent need to address real estate issues in China In March, Bloomberg reported that China plans to establish a fund worth $29.7 billion to support its domestic semiconductor industry. Experts interpret this move as China’s intention to overcome the impact of U.S. regulations on Chinese […]
-
Apple Bails on Electric Cars, Elon Musk Reacts
Concept photo of Apple Car / Photo = Apple Hub Instagram News of Apple’s decision to completely cancel its electric vehicle development plan has relieved competitors, including Tesla. Bloomberg reported on the 27th (local time) that the U.S. auto industry, including Tesla, breathed a sigh of relief upon hearing the news of Apple’s cancellation of […]
-
Cathie Wood Sells Shares in Nvidia and TSMC, Reducing Exposure to AI Semiconductor Boom
Cathie Wood, CEO of Ark Invest /AFPBBNews=News1 Cathie Wood, CEO of Ark Invest, has sold her shares in Taiwan Semiconductor Manufacturing Company (TSMC) for the first time in over two years. As Nvidia is a key client of TSMC, this move shows that Wood has been consistently reducing her exposure to Nvidia, leading the “AI […]
-
Shocking Reality of China's Real Estate: Is it Headed for a Meltdown?
AsiaToday Hong Soon-do, Beijing Correspondent = China's real estate industry crisis is finally becoming a reality and is expected to be a major factor in deteriorating growth rates. In the worst case scenario, the entire industry could collapse...
-
Not-So-Bright Future for Tesla in 2024, According to Wall Street Analysts
Analysts caution on Tesla's outlook as some models may lose government subsidies by 2024, adding to potential earnings pressure.
-
Tesla Faces Setback as Swedish Strike Case Ends in Defeat
Tesla has lost its court appeal to mitigate the impact of the Swedish strike. For the past two months, Tesla service workers in Sweden have been on strike to be included in a collective bargaining agreement. The strikes were in support of unionization...
-
OpenAI Employees Pull Off Shocking Coup to Bring Back CEO
OpenAI CEO reinstated after employee pressure and threats of mass resignations, showcasing tech industry's talent value.
-
Crown Prince's Vision: Saudi Arabia's Push to Dominate EV Battery Industry
AsiaToday Sunmiri Reporter = Saudi Arabia, which is seeking to diversify its economy and develop its auto industry, has launched efforts to become a global hub for electric vehicle battery production, following the production of electric (finished) cars...