To The Moon

Deliveries of pure electric and plug-in hybrid cars plunged 50% in the first 12 days of January to 206,000 units compared with the first 12 days of December, the South China Morning Post reported Sunday, citing the China Passenger Car Association.The decline follows a 42% rise in sales in 2024, the report said.The low figures are expected as Beijing ended subsidies for EV purchases at the beginning of 2025, the report said, citing Gao Shen, a Shanghai-based analyst."The sales figures showed that the market would continue to be volatile despite increasing EV adoption," the SCMP quoted Gao as saying.China's top new-energy vehicle companies include BYD , Li Auto , XPeng and NIO .

President-elect Donald Trump is planning to issue a broad memorandum Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships with China and America’s contine

Battery-powered cars had a banner year in 2024, although investors might not realize that from the headlines pointing out slowing growth and outright declines at Tesla.Still, raw sales data tells investors something about the future of the auto industry -- and the biggest risk to many car stocks.Americans bought about 16 million new cars in 2024. A solid year, but still below the 17 million sold in 2019, before the pandemic. Back then, cars with batteries accounted 4% of all cars sold. In 2024 the number was closer to 20%.Cars with batteries cover three categories: Battery electric vehicles, or BEVs, plug-in hybrids, or PHEVs, and mild hybrids, or MHEVs.One in five cars Americans bought this past year had an electric motor. That is quite a feat, but the mix isn't what investors might have expected a few years ago. Almost half of the 2024 electrified sales were mild hybrids. Americans love a traditional Prius.BEV sales still grew about 7% year over year. And penetration of new car sale

Crypto markets have been rocked by the launch of an "official" Donald Trump memecoin this weekend—with traders braced for more mayhem this coming week.The price of the "official" Trump memecoin has su

TikTok CEO plans to attend Trump inauguration, NYT reportsJan 15 - The chief executive of TikTok plans to attend U.S. President-elect Donald Trump's inauguration, the New York Times reported on Wednesday, citing two people familiar with the plans.Shou Zi Chew has been invited to sit in a position of honor on the dais, a location typically reserved for former presidents, family members and other important guests, according to the report.

The Biden administration is throwing a last-minute wrench into the AI trade.Jensen Huang, co-founder and CEO of Nvidia. The company is speaking out against the Biden administration’s latest chip expor

-- Mark Zuckerberg lamented the rise of “culturally neutered” companies that have sought to distance themselves from “masculine energy,” adding that it’s good if a culture “celebrates the aggression a bit more.”“Masculine energy I think is good, and obviously society has plenty of that, but I think that corporate culture was really trying to get away from it,” Zuckerberg said during a nearly three-hour-long conversation with podcaster Joe Rogan published on Friday.“It’s like you want feminine energy, you want masculine energy,” Zuckerberg said during the episode of The Joe Rogan Experience. “I think that that’s all good. But I do think the corporate culture sort of had swung toward being this somewhat more neutered thing,” he added, before discussing his passions for mixed martial arts and hunting invasive pigs in Hawaii.Zuckerberg, who launched his career by rating the attractiveness of women at Harvard University, added that he grew up with three sisters and has three daughters, and

By Megan Leonhardt, Sabrina Escobar, Adam Levine, and Al Root. President-elect Donald Trump has promised to enact the largest tariff overhaul in generations, commencing with executive orders on Jan. 20, Inauguration Day. While the business community largely supported his presidential bid, his latest tariff proposals could cost many U.S. companies dearly.On the campaign trail, Trump pledged to increase tariffs on Chinese imports to the U.S. by 60% and implement a 10% duty on imports from all other countries. Postelection, he said he intends to impose an additional 25% tariff on Mexico and Canada. And in late December, he threatened the European Union with tariffs if member countries don't increase their purchases of U.S. oil and gas to reduce the "tremendous" trade gap with the U.S.If all of these tariff proposals go into effect, the average tariff rate will rise from 2.4% of the value of imported goods to 17.7%, according to estimates from the Tax Foundation. That would be the highest

Mapletree Logistics Trust may be hurt by its exposure to China as high vacancy rates there continue to put downward pressure on rents, UOB Kay Hian's Jonathan Koh says. The management expects double-digit rental decreases to continue for another two quarters before moderating to single-digit declines, the analyst says in a research report. Also, demand for logistics space may weaken further if the U.S.-China trade conflict re-emerges and intensifies. The brokerage trims its distribution-per-unit

WASHINGTON/NEW YORK, Jan 6 (Reuters) - The U.S. Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a