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Vishakha Singh

LG Energy Solution Inks $4.3 Billion Battery Supply Agreement; Counterparty Not Named Amid Tesla Rumors

LG Energy Solution Inks $4.3 Billion Battery Supply Agreement; Counterparty Not Named Amid Tesla Rumors

South Korean battery maker LG Energy Solution signed a significant $4.3 billion battery supply deal, as revealed by a regulatory filing released on Wednesday. The agreement, to be held through July 2030, is notable not merely by its magnitude but due to the mystery over its buyer—the counterparty

Tesla Inks $4.3 Billion Battery Pact with LG Energy Solution to Cut Chinese Dependence

Tesla Inks $4.3 Billion Battery Pact with LG Energy Solution to Cut Chinese Dependence

In a significant strategic move to wean itself off Chinese suppliers, Tesla signed a $4.3 billion battery supply agreement with South Korea's LG Energy Solution (LGES). LGES will provide lithium iron phosphate (LFP) batteries for Tesla's energy storage products from its U.S. facility in

HSBC Unveils $3 Billion Share Repurchase As Q2 Earnings Slump 29%

HSBC Unveils $3 Billion Share Repurchase As Q2 Earnings Slump 29%

In a shock for shareholders, Europe's biggest bank, HSBC, revealed a $3 billion share buyback after posting a sharp 29% year-on-year drop in second-quarter earnings. The bank's pre-tax profit for the three months to June 2025 was $6.3 billion, lower than expected at $6.99

Is Vytautas Karalevicius Europe's SBF? $100M Scam Echoes FTX Playbook

Is Vytautas Karalevicius Europe's SBF? $100M Scam Echoes FTX Playbook

In 2017, Vytautas Karalevicius was leading what looked like the future of European blockchain finance. His company, Bankera, raised over $100 million from over 100,000 investors worldwide. He was hailed as Lithuania's answer to Silicon Valley. But years later, investigators are now drawing chilling parallels between Karalevicius

Buffett's Berkshire Hathaway Unloads One-Third of VeriSign Stake for $1.23 Billion

Buffett's Berkshire Hathaway Unloads One-Third of VeriSign Stake for $1.23 Billion

The multinational conglomerate led by Warren Buffett, Berkshire Hathaway Inc., has dramatically reduced its holdings in internet infrastructure company VeriSign Inc., best known for managing domain names like .com and .net. Berkshire sold about 4.3 million shares at $285 apiece, aggregating gross proceeds of about $1.23 billion, as

Nvidia Buys 300,000 H20 Chips from TSMC as Resurgent Chinese Demand Boosts Orders

Nvidia Buys 300,000 H20 Chips from TSMC as Resurgent Chinese Demand Boosts Orders

In a telling sign of continuing U.S.-China tech tensions, Nvidia has ordered a new batch of 300,000 H20 chips from contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), two people with knowledge of the situation said. The move is a change of approach from Nvidia's earlier

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Chinese e-commerce and tech giant Alibaba announced its bold foray into the smart glasses space with the imminent launch of its AI-driven Quark AI Glasses. The new product is Alibaba's inaugural venture into wearable smart technology and is set to compete with Meta's smart glasses, which