Business
Ford abandons the moving assembly line for $30,000 EV platform aimed at Chinese rivals
Ford CEO Jim Farley revealed the automaker is abandoning its century-old moving assembly line to build a $30,000 midsize electric pickup truck on its new UEV platform to counter Chinese competitors.
Business
US credit unions managing $25B launch Stablecore stablecoin pilot to defend deposit base
US credit unions managing a combined $25 billion in assets have launched a Stablecore infrastructure pilot to test stablecoin payments and tokenized deposits directly within their core banking systems.
Business
Arthur Hayes Forecasts $1M Bitcoin as AI Investment Bubble Nears Collapse
BitMEX co-founder Arthur Hayes predicts the AI investment bubble will collapse on a scale that will "dwarf subprime," forcing central banks to print money and pushing Bitcoin toward $1,000,000.
Business
Schouten Europe Absorbs Bobeldijk Food Group as Plant-Based Meat Sector Contracts
Schouten Europe has officially acquired Deventer-based competitor Bobeldijk Food Group, merging a €45 million operation with a €20 million supplier as the plant-based sector rapidly consolidates.
Business
Changpeng Zhao Details Crypto Regulation and Post-Prison Focus in New Memoir
Former Binance CEO Changpeng Zhao has authored a memoir during his recent incarceration to combat the narrative that the cryptocurrency industry is a haven for illicit financial activity.
Business
Strait of Hormuz Closure Triggers Asian Energy Pivot as Solar Output Overtakes Gas
Solar energy has officially overtaken gas power generation across Asia for the first time, generating 1,727 TWh as the closure of the Strait of Hormuz forces a rapid shift toward renewables.