Category: Business

Hesai Technology (NASDAQ: HSAI) shares were little changed Tuesday, as the global leader in lidar technology unveiled its brand-new next generation ADAS lidar the AT1440, an automotive-grade lidar with 1440 channels, and its solid-state blind-spot FTX lidar, designed for automotive and robotics, at CES 2025 in Las Vegas. As the world’s first 1440-channel automotive-grade lidar,…

Copper demand is expected to stay red-hot, according to Jorge Cantallopts, an executive director at the Center for Copper and Mining Studies. “Copper plays a crucial role in both energy transition and traditional energy sectors, Cantallopts told Yicai in a recent interview. The slower pace of energy transition will not undermine the growing demand for…

Four years after launching a push for more diversity in its ranks, McDonald’s (NYSE:MCD) is ending some of its diversity practices, citing a U.S. Supreme Court decision that outlawed affirmative action in college admissions. McDonald’s is the latest big company to shift its tactics in the wake of the 2023 ruling and a conservative backlash…

December unfolded largely as expected. Robust economic data, central bank actions, and geopolitical factors served to underpin the US dollar, as did the lingering specter of the incoming Trump administration. The EUR weakened further due to disappointing Eurozone PMIs and a soft economic outlook, with markets anticipating additional ECB rate cuts in early 2025. The…

Stocks traded lower on Tuesday, giving up an earlier gain, as a move higher in Treasury yields raised questions about the possibility of Federal Reserve rate cuts later this year. The Dow Jones Industrials gained 36.27 points to 42,742.83. The S&P 500 backpedaled 11.87 points to 5,963.51. The NASDAQ Composite tumbled 126.83 to 19,738.10. Shares…

Tuesday, January 7, 2025 10:22 AM EST – VERSES AI Inc. : Announced it has entered into securities purchase agreements with AI-focused institutional investors and certain existing investors of the Company for the purchase and sale of 12,738,854 units of the Company for aggregate proceeds of approximately CDN$20 million. Each Unit will consist of one…

The artificial intelligence story is just heating up. In fact, according to Jensen Huang, founder and CEO of NVIDIA, “AI will be mainstream in every application for every industry. Placing an AI supercomputer on the desks of every data scientist, AI researcher and student empowers them to engage and shape the age of AI.” Even…

Canada’s main stock index opened higher on Tuesday, lifted by mining shares, with investors awaiting key U.S. and domestic economic data as well as political changes after Prime Minister Justin Trudeau announced his plan to resign. The TSX strengthened 61.47 points to kick off Tuesday at 25,061.26. The Canadian dollar dropped 0.04 cents to 69.68…