Social media platform X, under the ownership of Elon Musk, is introducing a new messaging feature dubbed ‘XChat’, which Musk claims will incorporate “Bitcoin-style encryption.” This development, alongside a forthcoming payments feature called X Money, signals X’s continued ambition to evolve into an “everything app,” though Musk’s specific technical claims…

Shares of South Korean and Vietnamese steel producers, key Asian exporters to the US, fell on Monday following President Donald Trump’s announcement that he would double tariffs on imported steel and aluminum to 50%.Trump declared the new steel and aluminum tariffs on Friday, set to begin on June 4. This action…

Wedbush senior analyst Dan Ives says Waymo isn’t the best name for exposure to the global race towards autonomous vehicles.Despite the buzz around Alphabet’s self-driving unit, Ives argues that Tesla Inc (NASDAQ: TSLA) scale, engineering depth, and Musk’s renewed focus make it the better long-term investment than Waymo.TSLA chief executive…

A wave of apprehension swept through most Asia-Pacific financial markets on Monday, with major indices closing predominantly lower after US President Donald Trump announced a significant escalation in trade protectionism by declaring he would double tariffs on steel imports to 50%. This move, effective from Wednesday, reignited concerns about global…

China’s electric vehicle market is undergoing a sharp shake-up, with May data revealing a growing divide between industry frontrunners and struggling startups. Leapmotor and Aito, both backed by major legacy firms, posted record-breaking monthly deliveries, while others like Nio and Zeekr saw slower growth or monthly declines. The competitive landscape…

XRP has wiped out most of its gains from early May, falling more than 11% before staging a mild recovery to $2.14—up 0.71% in the latest session. Source: CoinMarketCapThe rebound offers slight relief as June begins, though investor caution remains high due to seasonal trends and ongoing selling by long-term…

India’s leading car manufacturer, Maruti Suzuki, stated on Monday that the recent export restrictions imposed by China on rare earth magnets, a crucial component in their vehicles, have not yet caused any immediate disruption to their production. The company also mentioned that they are currently engaging in discussions with the government…

India’s Minister for Heavy Industries, H.D. Kumaraswamy, announced that Tesla has expressed no interest in manufacturing electric vehicles (EVs) within the country. The automaker is currently planning to import cars into the country. This revelation comes as India finalizes a new EV policy aimed at attracting foreign investment through substantial import tax…