{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
CAS Space, a commercial spinoff from the Chinese Academy of Sciences, is targeting international markets for growth, leveraging its Kinetica-1 and upcoming Kinetica-2 rockets. With plans for 5-8 launches next year and ambitions for suborbital tourism by 2027, the company faces stiff competition and regulatory challenges, particularly from U.S. export controls. To enhance transparency and market presence, CAS Space is actively engaging on social media and exploring partnerships for global payloads.
Chinese EV maker BYD surpassed Tesla in quarterly revenue for the first time, reporting 201.12 billion yuan ($28.24 billion) for Q3, a 24% increase year-on-year, compared to Tesla's $25.18 billion. Despite this, Tesla led in net profit with $2.18 billion, while BYD's profit rose to 11.6 billion yuan. The competitive landscape intensifies as the EU imposes tariffs on Chinese EVs, prompting both companies to expand production in Europe.
Stocks experienced a decline on Wednesday, with notable movements expected in the upcoming trading session. Apple reported a 5% increase over three months but fell nearly 4% in after-hours trading, while Microsoft and other tech stocks showed mixed performance. Ingersoll Rand and W.W. Grainger are set to report earnings, with Grainger being a standout performer in its sector.
S&P 500 futures fell 0.3% and Nasdaq 100 futures dropped 0.4% after disappointing earnings from Meta and Microsoft, which saw shares decline nearly 3% and 4%, respectively. The market is also awaiting key inflation data, with economists predicting a 0.2% monthly increase in the personal consumption expenditures price index. Major tech earnings from Apple and Amazon are expected on Thursday, alongside the weekly jobless claims report.
The U.S. Space Force has opened bidding for the National Security Space Launch (NSSL) Phase 3 Lane 1 program, allowing new space launch providers to compete for a share of a projected $5.6 billion contract over five years. Proposals are due by December 13, with awards expected by Spring 2025, and the program aims to conduct at least 30 missions from 2025 to 2029. Emerging contenders like Rocket Lab and Relativity Space are positioning themselves for potential contracts, enhancing competition and ensuring reliable access to space for national security.
Musk's Tesla supports California's electric vehicle regulations, highlighting a clash between his political ties and business interests. Trump opposes these rules, aiming to reverse California's plans to phase out gas-powered vehicles by 2035 and trucks by 2045. As the California Air Resources Board prepares to vote on program amendments, Gov. Newsom defends the initiative against criticism from Republicans and the oil industry.
Elon Musk and hedge fund manager John Paulson advocate for significant U.S. budget cuts, proposing a $2 trillion reduction if Trump is re-elected. However, historical precedents of "shock therapy" in other nations show that such drastic measures often lead to economic turmoil and social unrest. A more measured approach, like the Simpson-Bowles plan, could provide thoughtful solutions to address the nation's budget deficits and entitlement program funding.
BYD has surpassed Tesla in quarterly revenues for the first time, reporting $28.2 billion in sales, driven by record sales of 1.12 million electric vehicles and plug-in hybrids. While BYD's net income reached a record $1.6 billion, it still trails Tesla's $2.2 billion. The competition intensifies as both companies challenge traditional automakers in the electric vehicle market.
BYD's revenue surged 24% year-on-year to 201.1 billion yuan ($28.2 billion) for the quarter ending Sept. 30, surpassing Tesla's $25.2 billion for the first time. The Chinese automaker's net income reached a record 11.6 billion yuan, driven by the sale of 1.12 million electric and plug-in hybrid vehicles, despite still trailing Tesla's profit of $2.2 billion.
Elon Musk's alleged regular contact with Vladimir Putin since 2022 has raised concerns among U.S. politicians regarding national security, particularly due to Musk's significant role in military operations through his Starlink network. NASA Administrator Bill Nelson has called for an investigation into Musk's security clearance, emphasizing the potential risks to sensitive government information. Reports suggest that Putin requested Musk not to activate Starlink in Taiwan, highlighting Musk's growing influence in international conflicts, including the ongoing war in Ukraine.
Elon Musk
People
CAS Space
CITIC Group Corporation
Changguang Satellite Technology
China Tourism Group Duty Free Corporation Limited
USA
CHN
ITA
Liu Weipeng
Elon Musk
Donald Trump
Show more
15:06 31.10.2024
United States Dollar
Chinese Yuan
Euro
BYD Co. Ltd.
Tesla, Inc.
SAIC Motors
CHN
BEL
TUR
Evelyn Cheng
Elon Musk
Show more
07:23 31.10.2024
NVIDIA Corporation
Meta Platforms, Inc.
Apple Inc.
Netflix, Inc.
Microsoft Corporation
CHN
USA
Jeff Bezos
Sundar Pichai
Elon Musk
Jeff Kilburg
Steve Kovach
Show more
01:46 31.10.2024
United States Dollar
Intel Corporation
Meta Platforms, Inc.
Microsoft Corporation
Uber Technologies, Inc.
Merck & Co., Inc.
USA
Jamie Cox
Donald Trump
Brendan Mcdermid
Elon Musk
Show more
23:04 30.10.2024
SpaceX
Relativity Space
United Launch Alliance (ULA)
Rocket Lab USA, Inc.
Blue Origin
USA
United Launch Alliance
Douglas Pentecost
Elon Musk
Blue Origin
Show more
21:49 30.10.2024
Musk's company
oil industry
Apple Inc.
California Air Resources Board
Tesla, Inc.
USA
Donald Trump
David Valadao
Michelle Steel
Elon Musk
Show more
19:56 30.10.2024
United States Dollar
SpaceX
Tesla, Inc.
RUS
USA
Donald Trump
John Paulson
Alan Simpson
Elon Musk
Boris Yeltsin
Show more
19:48 30.10.2024
15:36 30.10.2024
14:49 30.10.2024
United States Dollar
Russian Ruble
SpaceX
Tesla, Inc.
RUS
TWN
UKR
USA
Vladimir Putin
Adam Smith
Jeanne Shaheen
Elon Musk
Bill Nelson
Show more
14:15 30.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Central Bank Actions
Market Analysis and Predictions
Tokenomics and Crypto Economics
Inflation Rates & CPI Data
Hedge Funds & Private Equity
Cryptocurrency & Blockchain Regulations
Banking Regulations
Employment Reports
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
ESG & Sustainable Finance Regulations
Corporate Responsibility & ESG
Anti-Money Laundering (AML) & Know Your Customer
Blockchain Technology Adoption
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Apple Inc.
Ethereum USD
Solana USD
Ripple USD USD
Bitcoin USD
Coinbase Global, Inc.
Santiment Network Token USD
Bitwise Bitcoin ETF
NVIDIA Corporation
Ripples USD
JPMorgan Chase & Co.
BlackRock, Inc.
MicroStrategy Inc
Taiwan Semiconductor Manufacturing Co Ltd
Chainlink USD
Grayscale Bitcoin Trust ETF
Heritage Distilling Holding Company, Inc.
Robinhood Markets, Inc.
MARATHON DIGITAL
End Federal Reserve USD
United States Dollar
Armenian Dram
Euro
Vietnamese Đồng
British Pound Sterling
Canadian Dollar
New Zealand Dollar
Australian Dollar
Philippine Peso
Malagasy Ariary
Japanese Yen
Singapore Dollar
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.