Bitcoin Futures Market Hits Record High, Signaling Strong Investor Confidence
The open interest of Bitcoin (BTC) hit a staggering $19.8 billion on Oct. 15. The data from CryptoQuant reflects an…
Hong Kong Looks to Deepen Role as Offshore Yuan Trading Center
Hong Kong is seeking to further develop its role as an offshore center for the yuan and Chinese bonds. The…
Uber CEO says competing with Elon Musk is ‘no easy matter’ — and would love to partner with Tesla on robotaxis
Uber CEO Dara Khosrowshahi told the Financial Times that competing with Elon Musk is not easy. He said he would…
This Chinese EV maker is up for a battle with Elon Musk in China
Chinese EV startup Xpeng is relishing the prospect of testing its tech against Tesla. Like other Chinese EV companies, Xpeng…
Boeing delivered just one 737 plane this month—yes, a single plane—as manufacturing remains at a standstill
Boeing’s already sluggish aircraft delivery schedule has now screeched to a near halt. Bank of America analysts say the battered…
ASML’s lowered outlook suggests factory overcapacity, not chip doom
Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday…
Severe turbulence on Air Canada flight sends passengers and food flying across cabin
Passengers, food and drinks were flung across a cabin in mid-air after an Air Canada flight hit severe turbulence on…
Google’s share of the search ad market could drop below 50% for the first time in a decade as AI search engines boom
Google is facing new competition in the advertising market as AI transforms the industry. Google’s search ad market share in…
Boeing is laying off 10% of the company — and blaming the machinists’ strike
Boeing (BA) announced layoffs Friday, blaming the cuts on an ongoing strike by its union-represented machinists. The company is letting…
Morning Bid: Bank results boost Wall St, China plan leaves questions
As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep…