News
Sovereign wealth tops $15T as state investors increase tech exposure
2+ hour, 57+ min ago (651+ words) Sovereign wealth funds hit a record $15 trillion in 2025, with $66 billion pumped into tech, mainly AI and digitalization. Mubadala led deal activity with $32.7 billion across 40 deals, while Saudi Arabia's PIF topped in value due to the EA acquisition. The U.S. pulled in…...
Elon Musk’s SpaceX wins as US labor board withdraws severance dispute case
17+ hour, 34+ min ago (626+ words) Elon Musk's SpaceX picked up a legal win after the US labor board stepped away from a key complaint tied to severance and arbitration rules. The decision shuts down one part of a broader court fight that has dragged federal…...
World’s wealthiest see combined net worth hit near $12 trillion after $2.2 trillion gain in 2025
23+ hour, 57+ min ago (726+ words) The 500 richest people on Earth added a record $2.2 trillion to their net worth this year. That brought their total combined fortune to $11.9 trillion, according to the Bloomberg Billionaires Index. The explosion in wealth came as stocks, crypto, and commodities all…...
Michael Burry says he’s not short Tesla’s stock despite relentless bearish commentary
1+ day, 3+ hour ago (516+ words) Michael Burry said he's not short Tesla, even after calling it "ridiculously overvalued." Tesla published rare delivery forecasts, showing 1.6 million annual deliveries, down over 8%. Elon Musk defended his $1 trillion pay package, linking his wealth to Tesla and SpaceX performance. Michael…...
Price wars and sales drop put China EV makers on survival footing for 2026
1+ day, 11+ hour ago (690+ words) China's EV sales fell sharply in 2025, with Tesla down 7.4% and BYD down 5.1%. Price wars are intensifying, with huge discounts and smaller players pushed out. Chinese automakers like Geely and BYD are expanding overseas due to weak local demand. China's electric…...
Tesla’s fading order turns into an $800 million wealth setback for the board
1+ day, 12+ hour ago (532+ words) " The Tesla battery deal that once looked worth $2.9 billion was later restated to just $7,386. " L&F's shares fell over 70 percent, cutting Hur Jae-hong's family wealth from about $800 million to roughly $134 million. " The order collapsed as Cybertruck delays and weak demand…...
South Korean traders funnel net $1.4B into Peter Thiel-backed BitMine despite 82% plunge YTD
1+ day, 23+ hour ago (396+ words) South Korean investors put $1.4 billion into BitMine in 2025 despite the stock dropping 82%. BitMine switched from Bitcoin mining to hoarding Ether, triggering a 3,000% surge before crashing. Traders also invested $566 million into a leveraged BitMine ETF, which is now down 86%. BitMine, the…...
China’s EV makers export nearly 200,000 cars in November
3+ day, 2+ hour ago (572+ words) China exported 199,836 EVs in November, pushing its 2025 total to 1.98 million, up 87% year-on-year. Mexico saw a 2,367% spike, becoming China's top EV buyer last month with 19,344 units. Leapmotor sold a $534M stake to FAW Group, hinting at more EV sector consolidation. China's electric…...
Sharp drop in China leads Toyota's global sales to 1.9% November decline
6+ day, 21+ hour ago (692+ words) Toyota's global sales fell 1.9% in November, driven by a sharp 12% drop in China. Production dropped 3.4%, with major declines in China, Japan, and the UK. Trump's tariff push forced Toyota to ship three U.S.-made models back to Japan. Toyota opened November…...
U.S. regulators are investigating 179,071 Tesla Model 3 cars from 2022 over hidden emergency door releases
1+ week, 16+ hour ago (470+ words) The review covers 179,071 Model 3 sedans from the 2022 model year, and comes after a petition filed by Kevin Clouse, a Tesla owner in Georgia, who said he was trapped inside his car when it caught fire in 2023. "I was forced to…...