Money Street News
Photo: Yauhen_D (Shutterstock) As electric vehicles continue to grow in popularity, more and more EV startups are following Telsa’s example of the direct-to-consumer style of sales, cutting out what many consider to be the auto-sales middleman: dealerships. While dealerships offer the customer certain advantages (an array of vehicle options, the …
Read More »China’s Tourist Sites Welcome Huge Holiday Crowds
China’s major tourist sites are seeing a surge in visitors during the Lunar New Year holiday, as domestic tourism gradually revives after three years of coronavirus restrictions. Tickets for popular attractions in the southwestern Sichuan province — including the Sanxingdui Museum and Leshan Giant Buddha — have been sold out …
Read More »Hong Kong experts highlight the usefulness of coding from a young age to enhance international school students’ problem-solving skills
For its youngest learners, BSD designed a number of tools to help children understand the mindset of coding. In essence, youngsters under six are introduced to coding and programming through play. By taking part in interactive “unplugged” activities and team games, the children develop coordination, logic, communication and social skills. …
Read More »New tech helps servicers with borrowers, third parties and properties
Zesty.AI, a provider of artificial intelligence-driven property risk analytics used by the insurance industry, has partnered with Black Knight to make its automation available to mortgage servicers for the first time. “We are proving that the models that we have built for the property and casualty insurance use case are …
Read More »Expert’s warning to US Navy concerning China: Bigger fleet almost always wins
Seoul, South Korea CNN — As China continues to grow what is already the world’s largest navy, a professor at the US Naval War College has a warning for American military planners: In naval warfare, the bigger fleet almost always wins. Pentagon leaders have identified China as the US military’s …
Read More »Investors see $12,000 to $30,000
After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be. Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin is expected to trade within …
Read More »Tesla price cuts accelerate EV market’s first recession stress test
Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like …
Read More »Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF ‘committed fraud’
Anthony Scaramucci believes SkyBridge Capital can buy back the 30% stake it sold to FTX. Brendan McDermid | Reuters SkyBridge Capital can buy back the stake it sold to collapsed cryptocurrency exchange FTX but the issue will likely take months to resolve, the investment firm’s founder Anthony Scaramucci told CNBC …
Read More »Market history says a recession could produce the next Airbnb or Slack
Layoffs, rising interest rates, spiraling valuations — this is a tough time for startups. Amid the broader economic downturn and bear market in tech stocks, investors have been favoring profitability — or at least a reasonable path to get there — over the promise of future growth. That’s been a …
Read More »Mobile game spending drops 5% as inflation causes market to cool
The Candy Crush Saga logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Spending on mobile games declined last year as consumers got more frugal with their purchasing decisions in response to rising inflation, according to a report from app analytics firm Data.ai. Mobile game spending …
Read More »