It has only been a few days since the unexpected departure of Sam Altman, former CEO of OpenAI, and already his replacement has been announced. In a surprising twist, Emmett Shear, the former co-founder and CEO of Twitch, will be taking over the reins of the renowned AI company. Shear’s appointment comes after a weekend
World
The upcoming presidential runoff election in Argentina has captured international attention as voters decide the destiny of South America’s second-largest economy. The choice between the populist candidate, Javier Milei, and Economy Minister Sergio Massa of the Peronist party, is seen as a significant shift in political ideology. As Argentina faces skyrocketing inflation and increasing poverty,
Renown short seller Jim Chanos has decided to make a significant change to his investment strategy. According to CNBC, Chanos will be converting his hedge fund, Chanos & Co., into a family office and advisory business. This move marks a departure from his previous role running a limited partnership or an offshore fund. As part
In a rapidly shifting landscape for new energy vehicles (NEVs), Chinese brands have taken the lead, leaving global giants such as Volkswagen, Nissan, and Hyundai struggling to keep pace. According to CNBC’s analysis of public data for the first three quarters of this year, Volkswagen is on track for its smallest year of sales in
Asia-Pacific markets are expected to experience a mixed session on Thursday as investors process the outcomes of the recent high-level discussions between U.S. President Joe Biden and Chinese President Xi Jinping. The two leaders met face-to-face for the first time in a year on the sidelines of the Asia-Pacific Economic Cooperation conference held in San
The long-anticipated meeting between U.S. President Joe Biden and Chinese President Xi Jinping finally took place in San Francisco, marking their first face-to-face encounter in a year. As tensions between the two countries continue to simmer, the leaders convened on the sidelines of the Asia-Pacific Economic Cooperation conference to discuss critical global challenges and the
The latest inflation figures have had a significant impact on U.S. Treasury yields, causing them to tumble. This comes as the October consumer price index showed a dramatically slower pace of price increases compared to previous months. The 10-year Treasury yield fell by nearly 17 basis points to around 4.46%, while the 2-year Treasury yield
Renewable energy firms have been facing a dire earnings season due to various challenges in their operations. One of the main issues is the struggle with supply chains, as equipment manufacturers are finding it difficult to keep up with the soaring global demand for cleaner energy. This has resulted in rising production costs, which are
Contemporary Amperex Technology, better known as CATL, is a dominant force in the electric vehicle (EV) industry. As the largest stock by market capitalization in the index of largest stocks on the Shenzhen exchange, CATL holds a prominent position in the market. While Chinese stocks have struggled throughout the year, CATL has caught the attention
In a concerning turn of events, Russia launched a missile attack on Ukraine’s capital, Kyiv, and its surrounding region for the first time in over seven weeks. With the use of drones, Russian forces heavily pounded the east and south of Ukraine. This assault marks a clear escalation in aggression by Russia, and Ukrainian officials