The tungsten market is a critical element in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. China has established itself as the dominant player in the global tungsten supply chain, controlling over 80% of the market. The metal’s importance has led many countries to seek alternatives to reduce their
Finance
The concept of traveling abroad to experience events that align with personal interests or passions is a growing trend known as passion tourism. While traditional travel may be guided by destinations, passion tourism is driven by events, hobbies, or cultural experiences that hold special meaning to individuals. Recent examples include the Rio Carnival, the North
Shares of Chewy saw a significant increase in value after the news broke that meme stock trader “Roaring Kitty,” whose legal name is Keith Gill, acquired just over 9 million shares of the pet food e-commerce retailer. This stake amounts to a 6.6% ownership in the company, making him the third-largest shareholder of Chewy. The
Recent market trends indicate that value stocks, which have been trailing behind growth stocks, may experience a much-needed boost in the upcoming months. Todd Rosenbluth, head of research at VettaFi, suggests that one of the major events that could contribute to this shift is the FTSE Russell’s annual rebalancing. According to Rosenbluth, “It’s worth paying
JPMorgan Chase, the largest bank in the United States by assets, has made a bold move by increasing its quarterly dividend by 8.7% to $1.25 per share. Additionally, the bank has authorized a new $30 billion share repurchase program. Despite concerns raised during the stress test administered by the Federal Reserve, JPMorgan is confident in
Warren Buffett, the legendary investor who is approaching his 94th birthday, recently made his largest annual donation to date. The donation totaled $5.3 billion in Berkshire Hathaway shares, which he distributed among five different charities. Significance of the Donation This generous act of philanthropy involved converting 8,674 of his Berkshire Class A shares into more
Apple’s highly anticipated mixed-reality headset has finally been released in China, but with a retail price that is approximately 18% higher than in the United States. Priced at 29,999 yuan ($4,128) in China, compared to the $3,500 price tag in the U.S., the device has sparked a debate among Chinese consumers about its affordability and
In a recent exclusive interview, CEO George Zhao of the Chinese smartphone company Honor emphasized the critical importance of protecting user data when utilizing artificial intelligence. Zhao believes that the potential of AI is diminished if data security and user privacy are not adequately safeguarded. This stance is in response to Apple’s announcement of personalized
Chewy shares experienced a significant rally on Thursday, all thanks to the meme stock leader, Roaring Kitty, also known as Keith Gill. Gill posted an image on a social media platform resembling the logo of the online pet food retailer, causing a surge in Chewy’s stock price. However, the gains were short-lived as the shares
The ongoing trade tensions between China and the European Union have caused a stir in the electric vehicles industry. Wan Gang, the visionary behind China’s electric car strategy, recently spoke about the potential for Chinese investment in European electric vehicles as a way to move forward amidst these challenges. He highlighted the need for negotiations