China’s IM Motors Unveils L6 Sedan with Solid-State Battery Option
IM Motors has officially opened pre-orders for its latest all-electric model, the L6 Sedan. The automaker, a joint venture between SAIC Motor (SHA: 600104) and Alibaba (HKG: 9988), is touting the L6’s impressive specifications, including a range of over 1,000 km (620 miles) and the use of semi-solid-state battery technology. The L6 will be offered […]
Would You Sell Your Credit Card Tradelines for $40 a Month?
A new “side hustle” is getting some attention on TikTok — the selling of tradelines. For a fee, a person with bad credit is added as an authorized user to someone else’s credit card account, allowing them to piggyback on the account holder’s good credit history. These so-called “tradeline companies” have existed since the mid-2000s, […]
Saudi Arabia Scales Back Insanely Ambitious Plans for Mega-City Neom
Saudi Arabia has significantly scaled back its medium-term ambitions for the Neom project, the largest development within Crown Prince Mohammed bin Salman’s plans to diversify the oil-dependent Saudi economy. According to people familiar with the matter, the government had previously hoped to have 1.5 million residents living in The Line, a futuristic city within Neom, […]
First Quantum Warns Environmental Risks Of Idle Copper Storage At Cobre Panamá Mine
Minera Panamá, a subsidiary of First Quantum Minerals (TSX: FM), has raised alarm bells regarding the potential dangers posed by the extended storage of copper concentrate at the Cobre Panamá mine. In a recent communiqué, the company highlighted the emergence of heightened chemical reactions leading to the production of hazardous gases, coupled with escalating temperatures […]
Antara Capital, Backed by Blackstone, Halts Redemptions on Losses
Antara Capital, a $1.3 billion hedge fund supported by Blackstone Inc., has taken measures to stem losses by freezing its hard-to-sell assets from redemptions. After enduring a 14% decline in 2022 and bracing for an anticipated 18% decrease in 2023, the firm has taken proactive measures to mitigate further financial strain. Money that was invested […]
Japan’s Metaplanet Surges 90% On Bitcoin Investment Copying MicroStrategy
Tokyo-listed Metaplanet, a Web3 infrastructure provider, experienced a remarkable surge in its stock, climbing nearly 90% over a span of just two days. The surge followed the company’s announcement of incorporating $6.56 million (JPY 1 billion) worth of bitcoin into its balance sheet in collaboration with Sora Ventures, Mark Yusko of Morgan Creek Capital, and […]
Lithium Chile Grows Resource Estimate By 24% At Salar de Arizaro
Lithium Chile (CSE: LITH) has seen its resource estimate at its flagship Salar de Arizaro project increase dramatically following drilling that was recently conducted at the property.
Tilray Cuts Guidance As Losses Widen In Q3
Tilray Brands (TSX: TLRY) has seen its revenue decline on a sequential basis for the third quarter of 2024. Revenues fell from $194 million in the second quarter to $188 million in the third quarter on a net basis, while growing by 30% on a year over year basis. Gross profit however improved to $49.4 […]
‘My Eyes!’: People’s Eyes Are Hurting After the Eclipse, Google Searches for Answers Surge
Following Monday’s total solar eclipse, Google searches related to eye pain — such as “hurt eyes,” “my eyes hurt,” and “why do my eyes hurt” — spiked, suggesting many in the eclipse’s path were worried about potential eye damage from viewing the event. Eye experts confirmed that it’s normal to feel concerned, as looking directly […]
El Salvador Is Giving Away ‘5,000 Free Passports,’ Bukele Says
El Salvador’s President Nayib Bukele has announced that the government will offer 5,000 “free passports” to highly skilled workers from abroad. This initiative, equivalent to a $5 billion program, aims to attract scientists, engineers, doctors, artists, and philosophers to the Central American nation. President Bukele stated that these individuals will be granted “full citizen status,” […]