December 10, 2021

GM plans to invest over $3 billion for EV projects in Michigan – WSJ

General Motors Co is planning to invest more than $3 billion to make electric vehicles in its home state of Michigan, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company plans to convert its Orion Assembly plant in suburban […]
December 10, 2021

U.S. chip subsidies will support design activities -U.S. Commerce official

A $52 billion bill aimed at bolstering the U.S. semiconductor industry will include funding for chip design activities, a U.S. commerce department official told Reuters, addressing concerns the funds would mostly support manufacturing. The CHIPS Act, which passed the Senate as part of a larger […]
December 10, 2021

MicroStrategy CEO Michael Saylor: Gold should be scared of bitcoin

Bitcoin’s rise as an investment could spell long-term doom for gold as an asset class, fancies crypto bull and MicroStrategy founder Michael Saylor. “The only thing that is threatened by bitcoin is gold,” said Saylor on Yahoo Finance Live. “The best thing you could do is sell […]
December 10, 2021

This year’s big IPOs — from EVs to sustainable footwear

It’s been a record-setting year for IPOs. More than 900 companies have gone public this year, representing industries ranging from EV startups to consumer facing names like fintech company Affirm (AFRM), oat beverage manufacturer Oatly (OTLY) and sustainable footwear maker Allbirds (BIRD). Initial public offerings on the New York […]