Investing.com -- SpaceX is changing its space exploration priorities, with CEO Elon Musk announcing the company will focus on building a "self-growing city" on the moon before pursuing Mars colonization.
Musk stated on Sunday via his X social media platform that this lunar city could be established in less than 10 years. While SpaceX still plans to begin work on a Mars city within five to seven years, Musk explained that "the overriding priority is securing the future of... (continue reading...)
Investing.com -- China's transport ministry has summoned Alibaba-owned Amap's ride-hailing service over management and pricing issues, urging the company to better protect drivers' rights and interests.
The ministry instructed Amap to "implement the public commitment to reduce commission fees and ensure reasonable income for drivers," according to an official statement. Authorities also called on the company to strengthen its safety measures and oversight efforts.
In... (continue reading...)
Investing.com -- British Prime Minister Keir Starmer is continuing with his duties and has no intention of stepping down from his position, according to a statement from his spokesperson on Monday.
When directly asked if Starmer was planning to stand down, the spokesperson clearly answered "no" to reporters.
"The prime minister is ... getting on with the task of delivering change across the country," the spokesperson said, emphasizing Starmer's commitment to his current role and responsibilities.
Investing.com -- Last week’s volatility in U.S. equities is unlikely to mark the start of a deeper downturn, according to RBC Capital, which argues the latest weakness “has played out for now.”
Head of U.S. Equity Strategy Lori Calvasina wrote that while the S&P 500 briefly fell 2.6% from its recent all-time high, the move was in line with a series of similarly small drawdowns seen over the past several months.
“We’ve been here before,” RBC Capital said, noting... (continue reading...)
Investing.com -- Micron Technology (NASDAQ: MU) stock fell 3.2% on Monday following reports that rival Samsung Electronics will begin mass production of next-generation high-bandwidth memory chips earlier than expected.
The South Korean tech giant plans to start large-scale production of HBM4 chips as early as this month for use in Nvidia’s (NASDAQ: NVDA) artificial intelligence processors, according to South Korea’s Yonhap news agency. Samsung has reportedly passed... (continue reading...)
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