The entry of Klarna into the debit card realm with its new Klarna Card is not just another minor shift in the fintech landscape; it represents a significant pivot in the way consumers engage with their finances. Klarna, once synonymous with the “buy now, pay later” (BNPL) phenomenon, now aims to reshape its identity in
Enterprise
In a landscape where sustainability meets vehicular innovation, the Chinese electric vehicle (EV) sector finds itself in a duel of survival and dominance. Companies like Leapmotor and Aito have emerged as the titans of this battlefield, reporting staggering delivery numbers that underscore a ferocious pricing war. With Leapmotor delivering 45,067 vehicles in May—that’s a 148%
The financial landscape is undergoing a seismic shift, with Bitcoin emerging as a formidable player. The landscape once dominated by traditional asset classes is now being peppered with corporate treasuries adopting Bitcoin. The market capitalization of Strategy (formerly MicroStrategy) soaring past $80 billion served as a catalyst, but now the narrative is changing. Companies like
In a perplexing twist of market psychology, Tesla’s shares witnessed a remarkable rally of over 20% in May, juxtaposed against an alarming backdrop of dwindling sales figures in critical markets like China and Europe. On the surface, this surge appears illogical, raising doubts about whether investor optimism can be sustained in the face of stark
Elon Musk’s brief yet transformative involvement in government succinctly embodies both the promise and pitfalls of unconventional leadership. As an entrepreneur at the helm of Tesla and SpaceX, Musk presented an alternative vision for governmental efficiency during his time in the Department of Government Efficiency. His departure marks not just the end of a chapter
Starling Bank’s recent financial report has sent shockwaves through the fintech community, revealing a concerning decline in annual profit. With a profit before tax of £223.4 million ($301.9 million) for the fiscal year ending March 31, 2025, the bank has suffered a staggering 26% drop compared to the previous year. Such a decline is not
In a striking pivot from his traditional media undertakings, Trump Media has boldly announced its plan to raise $2.5 billion from institutional investors, aiming to secure one of the most substantial allocations of Bitcoin by a public corporation. While the announcement itself seems ambitious, the immediate reaction in the stock market was less forgiving—witness shares
As the geopolitical landscape grows increasingly contentious, China’s tech titans, Tencent and Baidu, are emerging as resilient players in the global artificial intelligence (AI) sector. This resilience is especially noteworthy given the U.S. government’s tightening grip on semiconductor exports, specifically targeting critical components produced by major firms like Nvidia and AMD. Far from succumbing to
This past Saturday, Elon Musk’s social media platform, X, faltered once again, resulting in widespread user dissatisfaction. With over 25,000 reports of outages hitting the platform, this incident raises serious questions about X’s operational reliability. According to Downdetector, the issues peaked shortly after 8:30 a.m. ET, with users expressing frustration as they found themselves cut
When President Donald Trump recently warned that Apple could face tariffs of 25% or more on iPhones manufactured outside the United States, he unveiled a dogged commitment to reshaping American manufacturing. The implications of his statement reverberate not just in boardrooms but also in consumer wallets. The potential for price hikes up to $3,500 for