Tesla is retiring its Model S and Model X as it reallocates resources toward autonomous driving, robotics, and artificial intelligence. The shift, driven by CEO Elon Musk, highlights a broader strategy to prioritize software and automation over legacy models. Shares also moved higher intraday on reports of potential tie-ups among Musk’s companies, putting market attention
Chainlink (LINK) is showing resilience amid a broadly stagnant crypto market. The token has posted a modest gain of 1% in the past 24 hours, outperforming the broader market movements and signalling underlying strength. Whale accumulation Whales and strategic reserve accumulation are playing a key role in LINK’s price dynamics. Since December 25, top wallets
One can’t move the male parent. One has to find one that commits. That’s the mismatch issue. Harvard economist and 2023 Nobel Laureate Claudia Goldin wasn’t speaking about modern relationships in the abstract; she was diagnosing why birth rates are collapsing across the developed world. In an email conversation with Invezz, she reveals an uncomfortable
The leading cryptocurrency stories in Latin America this week point to a region in transition. Fintech giant Revolut launched full banking operations in Mexico. In Venezuela, Interpol carried out a major crackdown on a cross-border cryptocurrency scam linked to Generation Zoe. Meanwhile, El Salvador strengthened its Bitcoin strategy by introducing new tax incentives for foreign
President Donald Trump has nominated Kevin M. Warsh as the next chair of the Federal Reserve, setting the stage for a contentious confirmation battle and renewed debate over the central bank’s independence. Warsh, a former Fed governor who served from 2006 to 2011, emerged ahead of several high-profile contenders, including White House economic adviser Kevin
The financial world shifted on its axis this Friday as President Donald Trump officially nominated Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve. This appointment is far from a mere administrative baton-pass; it represents a fundamental pivot in the world’s most powerful economic engine. Warsh, a former Fed governor and Wall
China is turning to services and experiences as a new lever to revive domestic demand, as weak household confidence, a prolonged property slump, and slowing exports weigh on the world’s second-largest economy. On Thursday, the State Council released a work plan aimed at boosting services consumption over the coming years, spanning cruise and yacht tourism,
For a while now, experts have said that gold and silver prices may experience significant corrections before moving higher. But it seems as though the precious metals did not get the memo. Both precious metals have hit historic highs in the past couple of trading days. On Friday, silver prices crossed the $100 per ounce
Chinese miner Zijin Gold said on Monday it will buy Canadian Allied Gold in a cash deal worth about C$5.5 billion, a major acquisition for the firm as it looks to expand its footprint globally as gold prices hit all-time highs. The transaction is valued at C$44 per share, which indicates a premium of approximately 5.4% to
In a year where gold prices have shattered records, surging to $5,000 per ounce amid global economic turbulence, Bitget’s tokenised gold trading volume has exploded by 4,900%, pushing the exchange past $1 billion in tokenised stock spot volume. As retail and institutional investors flock to digital versions of this timeless hedge, Gracy Chen, Chief Executive