Finance
TikTok Unveils Major UK Expansion: 500+ New Jobs & a New Office on the Horizon
June 10, 2025 – On Monday, TikTok unveiled its plans to significantly ramp up its investment in the United Kingdom, with the creation of 500 new job positions. The UK stands as TikTok’s largest user base in Europe. In a statement, TikTok mentioned, “This year, the total number of TikTok employees in the UK will…
Tesla’s $380B Market Cap Wipeout: The Year’s Worst-Performing Blue Chip in U.S. Stocks
June 9, 2025 – Tesla has emerged as one of the worst-performing blue-chip stocks this year amid a confluence of factors, including sluggish electric vehicle sales, political controversies surrounding Elon Musk’s ties to far-right groups, and a recent public spat with former U.S. President Donald Trump. The electric vehicle giant’s shares took a significant hit…
UK Unveils £86 Billion Investment Plan to Boost Battery, AI and Multi-Sector R&D
June 9, 2025 – The British government has unveiled a major announcement today, revealing plans to allocate a staggering £86 billion over the next several years, stretching up to the fiscal year 2029/30, to bolster research and development (R&D) across multiple sectors. Chancellor of the Exchequer Rachel Reeves is set to officially declare this ambitious…
Intel’s New CEO Sets 50% Gross Margin Threshold for Project Approvals
June 7, 2025 – During the Bank of America Global Technology Conference, Michelle Johnston Holthaus, the product chief executive at Intel, revealed that the company’s newly appointed CEO, Lip-Bu Tan, is advocating for a mid-term goal of restoring the company’s gross margin to 50%. According to Johnston Holthaus, any new projects that fail to meet…
Qualcomm Seals the Deal: Autotalks Acquisition Finalized After Two-Year Hitch
June 7, 2025 – Over two years after Qualcomm initially announced its intention to acquire V2X vehicle-to-everything communication chip firm Autotalks through its subsidiary Qualcomm Technologies on May 8, 2023, the deal has finally been finalized. Back in March 2024, Reuters reported that Qualcomm had abandoned the acquisition of Autotalks due to delays in obtaining…
Tesla Optimus Chief Steps Down, Prioritizing Family Time Over Robotics Leadership
June 7, 2025 – Tesla’s humanoid robot project, Optimus, is set to undergo a leadership change as Milan Kovac, the engineering head of the initiative, prepares to depart the company. According to sources familiar with the matter cited by Bloomberg, Kovac informed his team of his immediate resignation on Friday. The reins of the project…
ualcomm CEO Confirms Readiness for ‘Breakup’ with Apple
June 5, 2025 – As the longstanding partnership between Apple and Qualcomm edges closer to its conclusion, Cristiano Amon, Qualcomm’s CEO, has asserted in an interview with Yahoo Finance’s Opening Bid podcast that his company is no longer hinging its future growth on Apple’s business. Instead, Amon aims to reassure investors about Qualcomm’s strategic autonomy…
Nvidia Reclaims Global Crown: $3.45T Valuation Surpasses Microsoft
June 4, 2025 – After the stock market closed on Tuesday, Nvidia reclaimed its position as the world’s most valuable publicly traded company, surpassing Microsoft once again. According to the latest figures, Nvidia’s market capitalization closed at 3.45trilliononTuesday,edgingoutMicrosoft′s3.44 trillion valuation. Nvidia’s stock price climbed by approximately 3% on Tuesday, contributing to a nearly 24% increase…
Nvidia’s Huang Set to Unload Up to 6M Shares, Potentially Netting $840M
May 30 2025 – In a 10-Q filing submitted on Wednesday, it was unveiled that Jensen Huang, the CEO of Nvidia, has intentions to sell up to 6 million shares of the company’s stock. Based on Nvidia’s current stock price, which hovers around 140pershare,Huangstandstopotentiallypocketasubstantialsumofupto840 million from the sale. In addition to Huang, Colette Kress, Nvidia’s…
Apple Ramps Up India Investment: Third Store Under Construction in Bangalore
May 30 2025 – Amid political pressures and tariff threats, Apple’s strategic expansion in India continues to accelerate, with key suppliers and the tech giant itself doubling down on investments despite external opposition. Foxconn, Apple’s primary iPhone assembler, is reportedly moving forward with a $1.5 billion manufacturing facility in India, defying former U.S. President Donald…