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The speculation that bitcoin would hit $200,000 in 2025 now seems like a dream. Because it was.
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The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street.
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‘Most racist thing I've seen out of this White House': Tim Scott slams Trump for post depicting Obamas as monkeys PoliticoTrump shares racist video depicting Obamas as apes on Truth Social, then removes it amid bipartisan outrage cnn.comTrump posts racist meme of the Obamas - then deletes it NPRTrump shares a racist video that depicts the Obamas as primates apnews.comTrump Posts Wildly Racist Video of the Obamas Rolling
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Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.
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It's still unclear if all patients, particularly those with insurance coverage, will see more cost savings from using that site to buy their medicines.
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In Greenland's anxious capital, a show of solidarity from Canada and other allies PoliticoCanada and France to open Greenland consulates after Trump demands BBCCanada and France open Greenland consulates in show of Denmark support The GuardianCanada and France open consulates in Greenland following tensions over U.S. push for control NBC NewsNunavik Inuit travel to Greenland in solidarity against U.S. th
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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