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On Tuesday, the Federal Aviation Administration (FAA) issued a ban on all U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines plane was struck by gunfire while landing at Port-au-Prince Airport the previous day. The FAA’s order also prohibits U.S. flights from flying below 10,000 feet in Haitian airspace. Shocking […]
Volkswagen Group (VW) recently announced an increase in its investment in a joint venture with electric vehicle company Rivian Automotive, ahead of the official start of their collaboration on Wednesday. With a commitment of up to $5.8 billion—an increase from the initial $5 billion—the joint venture promises to deliver groundbreaking changes to the global electric
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The relationship between Elon Musk and Donald Trump has achieved something that Tesla Inc.’s (NASDAQ: TSLA) position in the global electric vehicle (EV) market could not: pushing Tesla’s market capitalization beyond $1 trillion. While the connection between the two has sparked curiosity, it remains unclear why Tesla’s stock surged 20% immediately after the election. The
After completing a $2 billion Bitcoin acquisition, MicroStrategy’s stock price reached an all-time high on Monday, breaking a nearly 25-year-old record. The company’s stock surged almost 26% on Monday, hitting a new high above $351 after the world’s largest corporate Bitcoin reserve holder announced its latest purchase. MSTR shares ended the day at $340, but
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In a recent legal development, FTX, once one of the biggest names in the cryptocurrency industry, has filed a lawsuit against rival Binance and its former CEO Changpeng Zhao (also known as “CZ”). The lawsuit alleges that up to $1.8 billion was improperly transferred by FTX management to Binance and its executives. Background of the
Following his victory in the U.S. presidential election, Bitcoin has reached a new record high, surpassing the $80,000 mark on Sunday. The world’s largest cryptocurrency had already surged in the lead-up to the election and then spiked sharply on election night as it became clear Trump would win. Since then, Bitcoin has continued to rise
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In the third quarter of 2024, Cameco, one of the world’s largest uranium mining companies, reported uranium production reaching 4.3 million pounds, a 43% increase year-on-year. However, sales volumes remained relatively unchanged at 7.3 million pounds, compared to 7 million pounds in Q3 2023. Revenue reached $721 million, marking a 75% increase from the previous
Telefónica Venezolana C.A., a subsidiary of the global telecommunications giant Telefónica based in Spain, has agreed to pay a penalty of up to $85.2 million to avoid charges related to bribery. This outcome follows an investigation by the U.S. Department of Justice, which aimed to clarify allegations that the company had colluded with Venezuelan government
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