A patriotic appeal to unite the industry and "demolish the old legends" of the international market made by China's top-selling automaker has gone viral, garnering praise as well as a reprimand from a competitor.   BYD celebrated the development of China as a global auto manufacturing...

The online retailer Alibaba increased its net profit to $4.735 billion. Alibaba, the largest Internet company in China, reported in a press release that its net profit, attributable to owners of common shares, climbed by 51% year over year to $4.735 billion at the end of the first quarter of fiscal...

Rivian Automotive increased its full-year production forecast, and the company's CEO claimed that as long as expenditures are kept in check, the electric vehicle manufacturer will have enough cash to endure until 2025.   After the data were released, Rivian's stock initially increased by...

PYUSD is backed by US Treasury securities, dollar deposits, and other cash equivalents. PayPal USD (PYUSD) by the largest debit electronic payment system in the world is the first stablecoin (a cryptocurrency whose rate is stabilized by connecting its quotes to traditional currencies or...

Aramco, the state-owned oil company of Saudi Arabia, announced a nearly 38% decline in second-quarter net profit on Monday due to lower oil prices and thinner margins in the refining and chemicals industries. However, it increased its dividend by adding a new performance-linked payout.  ...

According to Decrypt, Revolut has decided to cease bitcoin operations in the US in the fall. The fintech business made this choice as a result of legislative changes and unpredictability in the American cryptocurrency sector. Revolut, a fintech business founded by Russian-born Nikolay Storonsky,...

A long-standing loophole that permits inexpensive goods like $10 dresses to arrive in U.S. mails tariff-free has spurred the rapid emergence of shopping sites offering Chinese-made goods, such Shein and Temu.   This is made possible by the "de minimis" rule, which exempts shipments addressed...

Despite exceeding Wall Street sales and earnings projections in the fiscal third quarter, Apple anticipated that a sales downturn would last into the current quarter, driving shares lower.   After Apple estimated that its sales may have declined for the fourth consecutive quarter, the...

When sales of the COVID-19 vaccine go from government contracts to the private market this year, Moderna Inc. projects up to $4 billion in revenue, and it anticipates further demand growth in 2024 to match the market for flu injections.   The manufacturer of the vaccine projects $4 billion...