KTM Embarks on Restructuring Journey to Dodge Bankruptcy

November 30, 2024 – KTM, the Austrian manufacturer, is navigating through one of the most intricate periods in its history, as reported by foreign media. The company, which is currently grappling with a significant financial crisis, has initiated European restructuring proceedings. Under the terms of the Restructuring of Enterprises (RoE) regulations, KTM is required to…

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U.S. Department of Energy Backs Rivian with $6.6 Billion Loan for EV Expansion

November 27, 2024 – Yesterday, local time in California, Rivian, the American pure electric vehicle company, announced that the U.S. Department of Energy has conditionally committed to providing a total loan of 6.6billionundertheATVM(AdvancedTechnologyVehiclesManufacturing)program.Thisloan,whichincludes6 billion in principal and $600 million in capitalized interest, is intended to support Rivian’s expansion plans. If finally approved, the loan will…

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US Government Cuts Intel’s Subsidy: Dropping from 8.5BilliontoBelow8 Billion

November 25, 2024 – According to informed sources cited by The New York Times, the Biden administration in the United States is planning to reduce the initial 8.5billionallocationfromtheChipsandScienceActgrantedtoIntelCorporation.Thefundingamount,whichwasannouncedearlierthisyear,isexpectedtobecuttobelow8 billion. This change in conditions takes into account a $3 billion contract obtained by Intel to produce chips for the U.S. military. The U.S. government’s decision to…

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Elon Musk’s Wealth Reaches New Heights at $348 Billion

November 25, 2024 – According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk has achieved a new record high in his net worth, reaching $347.8 billion. This remarkable milestone was attained on Friday last week, when Tesla shares rose by 3.8%. Since November 4th, Tesla’s stock price has surged 45%, adding approximately 350billiontoitsmarketcapitalization.AsofFriday′sclose,thecompany′stotalmarketvaluestoodat1.13 trillion….

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AMD Takes the Lead: Q3 CPU Shipments Skyrocket

November 12, 2024 – According to data presented in a new investment report by Bank of America, Intel is increasingly being troubled by adverse factors, resulting in the gradual loss of its market share to its microchip rival, AMD. The report outlines the CPU trends for the third quarter of 2024, highlighting a quarterly decline…

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