Independent thinking for complex markets and current events
Artificial intelligence industry leaders who have openly stated a willingness to work on the emerging technology with China will testify to Congress on Thursday, likely facing a panel of U.S. senators urging them to instead pivot away from the global adversary. At the Senate hearing put together by Sen. Ted Cruz (R-TX), “Winning the AI …
Robert F Kennedy Jr. has been praised for calling out medical and pharmaceutical companies who profit from people’s chronic illnesses, like obesity and diabetes. In an unearthed interview with Dr Phil, RFK Jr. slammed pharma giants for ‘making money from keeping us sick’ and promoting dependency on weight-loss drugs at a colossal cost to the …
NVIDIA is the largest member in the Semiconductor industry and is at a new all-time high, but breadth for the industry is weakening aggressively … only 35% of members are trading above their 200-day moving average (a 1-year low) NVIDIA is the largest member in the Semiconductor industry and is at a new all-time high, …
Optimism in the US banking industry is being threatened by a growing pile of bad loans, putting pressure on the sector’s biggest players. Bloomberg analysts say non-performing loans, or loans to debtors that haven’t made a payment in over 90 days, rose to a combined $24.4 billion in the last quarter of 2023 for JPMorgan …
https://www.cnbc.com/2023/12/08/automakers-turn-to-hybrids-ev-transition.html Electric Vehicle Market Share vs. Hybrids Average Price EV/Hybrid/ICE “People are finally seeing reality,” Toyota Chairman and former CEO Akio Toyoda, who has been heavily criticized for the slower approach on EVs, said in October regarding EVs, according to The Wall Street Journal. As sales of all-electric vehicles grow more slowly than expected, major …
The German steel sector, facing a substantial budget shortfall due to a court ruling, is sounding an alarm on the nation’s industrial transformation. With more than 40 billion euros ($44 billion) in planned investments now under scrutiny, the sector is grappling with a loss of confidence and growing uncertainty. How long before the steel industry …