Chinese EV maker BYD is on a roll and it's giving its American rival Tesla a serious run for its money in the global race to electrification. BYD outpaced Tesla in terms of total revenues last year and sold about as many EVs as Tesla did and that's only half of BYD's total volume because it also sells hybrids. BYD started out as a lowcost provider of batteries primarily, but in making cars, it's become a global leader.They sell cheap cars, they sell expensive cars, and they're becoming a serious innovator. ...

President Trump and Elon Musk falling into an intense feud over the president's major tax and spending bill. What was surprising about it was just the idea that it came so quickly, right. I mean, Elon Musk was in the Oval Office with the president a week before this blow up.He happens to be a really good person. I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here. All of a sudden, he had a problem and he only developed the problem when he found out ...

Turnaround Efforts & Strategy - Gap Inc is attempting a turnaround through marketing campaigns and hiring Zac Posen as creative director [2] - The company consolidated SKUs, rationalized styles, and improved quality to build a foundation for a creative renaissance [10] - Gap is renovating approximately 40 of its top stores and improving the online experience [16] - Viral, celebrity-led advertising campaigns are being utilized to attract social media attention [14][15] Financial Performance & Challenges - Gap has closed nearly 2500 stores since 2001 [1] - Gap's sales fell by nearly $3 billion, relying on promotions and discounts [8] - Between 2023 and 2024, Gap Inc's overall sales grew by about 1%, driven by Old Navy [20] - The company is growing that 1% on the highest gross margins in the past 20 years [21] - Potential tariffs could impact the business by $100 million to $150 million, though mitigation efforts are underway [23][24] Brand Performance & Focus - Old Navy has become the powerhouse of Gap Inc, while Gap fell out of favor [8][12] - The turnaround is primarily focused on the Gap brand [18] - Banana Republic and Athleta have faced product acceptance challenges, requiring further work [19]

Over the past three decades. US corporations set up shop in Ireland. In 1996, about 3% of US businesses with global operations had Irish affiliates.By 2022, 25% of them opened Irish businesses. You really cannot talk about US multinationals in the last few decades without talking about Ireland. Big US corporations, that's technology companies like Apple, Microsoft or big pharmaceutical companies like Pfizer.Their tax strategies for, for many decades at least, were built around the role of Ireland. Something ...

This is the ore being shipped in from the Pinyon Plain mine. This ore is some of the highest-grade uranium ore that's ever come out of the United States mine. You need uranium.Well, the largest uranium mine comes out of Saskatchewan, comes over to Ontario, and then gets enriched down in the US. Uranium prices soaring more than 75% over the past year. While uranium prices have gone down since a high in early 2024, many experts remain confident that demand for uranium, which is mainly used as a fuel for nucle ...

We're here at ASML's headquarters in the Netherlands where 100% of the world's extreme ultraviolet lithography machines are made and now the next generation machines called hyena. We were the first journalists to bring cameras inside a clean room to see where hyena is made and to see the machine itself. We had to wear these bunny suits to protect these extremely precise machines from getting contaminated by our own hair and skin cells.Each one of these insanely complex high NA machines costs about $400 mill ...

President Trump and Senate Majority Leader John Thune are pushing to get the Republicans' reconciliation bill passed by July 4th, b ut several senators are saying there needs to be more spending cuts. The best way, I think, to think about the Trump megabill is that it's sort of two pieces combined. One piece are priorities that Republicans have: t hese are things like securing the border, boosting defense, boosting energy production.It's stuff that Republicans ran campaign and won on in 2024 and things they ...

We're going to invest roughly $30 billion in the United States to expand Orlando and California. This park is the most technologically advanced thing we've ever done, and we've done some pretty advanced things in our time. Walt Disney World and Universal Orlando Resort, two of the biggest names in theme parks, are about to get even bigger.We've got a lion's share of that investment coming to us. At Walt Disney World. Plans are already in the works, with expansions and facelifts being rolled out across sever ...

Nintendo Switch 2 Overview - Nintendo released the Switch 2, succeeding the original Switch, which nearly matched the Nintendo DS in sales [1] - The Switch's success stemmed from merging console and handheld audiences [2] - The Switch reversed Nintendo's fortunes after the Wii U disappointment [2][11] - The Switch 2 takes an iterative approach, capitalizing on the original's success [5] Market Position and Brand - Nintendo's IP, including Mario and Zelda, has the potential to surpass Disney [3] - Nintendo aims to increase consumer touchpoints through movies and theme parks [4][5] - Nintendo is expanding beyond gaming, similar to Disney, with movies and theme parks [24][25] - The Super Mario Bros movie grossed $13 billion globally [27] Pricing and Sales Expectations - The Switch 2 is priced at $450, $150 more than the original Switch [17] - Nintendo expects to sell 15 million Switch 2 units in its first year [31] - Fanboy demand in the US is estimated at $3-4 billion, with projected sales of 18 million units per year [32] Production and Trade - The US market is the most profitable for Nintendo due to the dollar-yen exchange rate, yielding 50% more profit [33] - Tariffs pose a trade uncertainty, but Nintendo may have pre-produced and shipped devices to avoid them [34][35] Online Services - Nintendo aims to expand Nintendo Switch Online penetration, currently lower than PlayStation Plus's 40%+ [22] - Switch Online may be required to play Mario Kart World, potentially generating $60 per year from 50% of Switch owners [23]

Just four years after it was founded, China's Xiaomi became the third largest phone maker in the world. Critics called it an Apple copycat. So, Le Jun is known as the Steve Jobs of China, and he earned that nickname because in the early days, he would do pretty much everything that Steve Jobs would do, including the way he dresses.He knew though that he couldn't match Apple's brands and products at that time. So, he went for the mass market. But now Xiaomi is making EVs, something Apple abandoned after inve ...