Author: Angel City Editorial Team
Between 2019 and 2022, pedestrian fatalities caused by automobiles increased 19 percent. And according to AAA, three-quarters of pedestrian fatalities occur at night. Automotive technology supplier Magna is aggressively trying to change that by equipping 1.2 million vehicles with thermal technology. Originally named “Night Vision” and introduced on the 2005 BMW 7 Series, Magna’s heat-sensing product allows drivers to see the road up to four times farther than the range of a typical headlight. Currently available in 40 vehicle models from 13 manufacturers, including Bentley, BMW, Audi, Volkswagen, Porsche, Stellantis (Dodge, Fiat, Ram, Peugeot, Jeep, etc.) and GM, the technology…
Pakistan Prime Minister Shehbaz Sharif. Photo credit: Reuters Pakistan is expected to receive $5 billion in investments from domestic and foreign companies over the next three years to explore and develop its oil and gas reserves, saving the cash-strapped country precious foreign exchange and providing relief to ordinary citizens hit hard by rising fuel prices.The announcement was made at a meeting with a delegation of companies from the oil and gas exploration and production sector presided over by Prime Minister Shehbaz Sharif on Saturday.The meeting was told that Pakistan will explore for oil and gas at around 240 sites over…
Federal Reserve Chairman Jerome Powell has suggested that a critical time is coming for Bitcoin, a prediction based on the US budget deficit being projected to reach a staggering $1.9 trillion. Bitcoin has recently suffered a major price crash, but uncertainty hangs over the market and could signal further trouble and volatility. The cryptocurrency’s price plummeted to its lowest since February but has since stabilized, according to market analysts. Treasury Secretary Janet Yellen warned about the nation’s soaring $34 trillion debt and suggested the price of Bitcoin could reach unprecedented highs within the next 18 months.Financial experts like Galaxy Digital’s…
Hedge funds rushed to short the electric car maker Tesla’s stock just before it released a series of numbers that sparked a big rise in the company’s stock price.About 18% of more than 500 hedge funds tracked by data provider Hazeltree had short positions in Tesla shares as of the end of June, the highest in more than a year and down from just under 15% at the end of March, according to data seen by Bloomberg.Also Read | Tesla vs Tesla Power: MD Khurana confident on arbitration and trademark ownership issuesThose contrarian bets are now threatening to cost the…
Support: According to Vietnamese government documents, a lack of investment support has led major companies to decline investing in the country. Vietnam has missed out on billions of dollars of investment from multinational companies such as Intel and LG Chem due to a lack of sufficient investment incentives, the Ministry of Planning and Investment said in a document seen by Reuters.U.S. chipmaker Intel proposed to invest $3.3 billion in a project in Vietnam and asked the country for a 15 percent “cash support,” but later decided to move the project to Poland, the ministry said in a June 29 document.South…
The old adage “it takes money to make money” no longer applies to investing: the democratization of Wall Street has allowed investors to purchase shares for as little as $50. Even better, the elimination of transaction fees means that all of your money starts working for you as soon as you buy a stock. No longer will frictional costs eat away at your purchasing power. And there’s never been a better time to invest. With numerous free online tools at the fingertips of every investor and more information available for free than ever before, sifting through thousands of publicly traded…
Over the next week, Wall Street is set to release several important economic reports that could impact the stock market.Among economic events, investors’ main focus will be on June consumer price inflation and testimony from Federal Reserve Chairman Jerome Powell before the U.S. Congress.The Consumer Price Index (CPI) report and Chairman Powell’s testimony may provide clues about the direction of the Fed’s monetary policy.Next week also marks the start of second-quarter earnings season, with PepsiCo, Citigroup, JPMorgan Chase, Wells Fargo and Delta Air Lines among the key stocks to watch.Economic EventsThe consumer credit situation for May will be released on…
The market for GLP-1 drugs to treat obesity is expected to soar to more than $1 trillion, Moritz Pott, founder and CEO of Tema ETFs, offered the optimistic prediction in an exclusive interview with Benzinga. “Long term, our view is that this is not a two-way race between Eli Lilly and Novo Nordisk (NYSE:NVO),” Mauritz said, disputing the common notion of a duopoly in the weight-loss market. Pott predicts that growing demand for weight loss treatments and the expanding use of GLP-1 drugs will drive this trillion-dollar market opportunity. In November 2023, Tema ETFs launched its first weight loss-focused ETF,…
In today’s world, technology is evolving at a breakneck speed, giving rise to innovative gadgets that make our lives easier, more efficient, and more enjoyable. From smart home devices to cutting-edge wearables, these top 10 trending tech gadgets are revolutionizing the way we live and interact with the world around us. Let’s take a closer look at the latest tech innovations you need to know about now.1. Smart GlassesWith the development of technology, smart glasses will become popular on a global scale. Smart glasses blend style with convenience. These glasses have heads-up displays that alert you when needed, position you…
Prosecutors announced the indictment of an Aldie, Virginia, man for his alleged role in a years-long loan fraud scheme that defrauded dozens of investors in Maryland, Virginia and other jurisdictions. Prosecutors announced the indictment of an Aldie, Virginia, man for his alleged role in a years-long loan fraud scheme that defrauded dozens of investors in Maryland, Virginia and other jurisdictions. A federal grand jury indicted Babu Ramaraj, 46, on charges of wire fraud and unlawful financial transactions in late June, according to a press release from the U.S. Attorney’s Office for the Eastern District of Virginia. According to court documents,…