surging

The world’s largest EV battery maker, CATL, is spearheading a new initiative to develop solar cells, joining Tesla and others in what’s expected to be a record year for the industry. CATL takes on the booming solar market After emerging as the most significant player in the electric vehicle battery market for the sixth straight year, CATL is taking on a new market. According to Bloomberg, CATL is examining perovskite solar cell development. The innovation holds promise, potentially…

Logos at a Nissan showroom are seen in Ginza shopping district in Tokyo on March 31, 2023. Japanese automaker Nissan reported Thursday, May 11, a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Credit: AP Photo/Eugene Hoshiko Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong…

Amazon.com Inc. reported surging growth as the tech giant rebounded from stagnant sales after a postpandemic slowdown. The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected. Amazon.com Inc. reported surging growth as the tech giant rebounded from stagnant sales after a postpandemic slowdown. The company’s first-quarter sales…

US car buyers are going electric at a record pace. The overwhelming demand is causing some states to temporarily pause EV incentives designed to promote adoption. Despite overall auto sales falling, electric vehicles were a bright spot in the industry last year. According to data from Cox Automotive, total US auto sales fell 8% year-over-year (YoY) from 2021, but EV sales climbed 65%, passing 800,000 in volume for the first time. The trend is not slowing this year either. The latest data…

Covid-related precautions helped minimize the spread plenty of other communicable diseases. But now, those bugs are back, along with some new challenges. The CDC reports that strep A infections (a.k.a strep throat), caused by a bacterium known as A Streptococcus, have surged from covid lows to above pre-pandemic levels in 2022 and 2023. And the recent spike in strep cases coincides with a shortage of one of the medicines most commonly used to treat the infections, particularly in children, as pointed out in a Monday NPR…

Fintech investors are currently experiencing a bullish market in the crypto industry, with Bitcoin (BTC) regaining momentum and Ethereum (ETH) outperforming BTC with a rise of over 4%. Several factors are contributing to this upward rally, such as an increase in consumer confidence in March, recent advancements in the crypto industry, and Bitcoin’s reputation as a safe-haven asset. The recent collapse of traditional banks is also considered a significant factor in the increase in Bitcoin’s price as consumers lose trust…

The last two years have witnessed an unprecedented global expansion of avian influenza. Moving along migratory bird flyways into Europe and the Americas, a new strain of H5N1 influenza has established itself in wild birds and domestic poultry, leading to a record 58.6 million birds culled in the U.S. and new outbreaks across Latin America and the Caribbean. This strain’s spread in birds, along with infections of mammals and sporadic human cases—one fatal—raises pandemic influenza concerns. Last October the virus was…

Based on quicker-than-expected moves to electric vehicles, a leading provider of data and analytics to the energy industry predicts that electric cars and light-duty trucks will make up 65% of new sales globally by 2030 and 85% by 2035. The report by Enverus also forecasts that the switch to electric vehicles will displace 2.7 million barrels of oil a day by 2030 and as much as 5.2 million barrels of oil a day by 2035. The current total oil used in the areas covered in the report, including the U.S., Europe, China and…

China is on an oil-supertanker hiring spree, a sign energy demand has sped up after the world’s second-largest economy limped out of its Covid-19 lockdowns.Traders carry crude to China, the world’s biggest oil importer, in Eiffel Tower-size tankers called Very Large Crude Carriers that each lug two million barrels of oil. The cost of chartering the most coveted type of these tankers, featuring modern exhaust systems, has shot up to nearly $100,000 a day, ship brokers say. That is double the rate from a month ago. Behind…

Bitcoin (BTC) and Binance (BNB) are two of the most popular and promising cryptocurrency projects. Recently, the two projects are showing outstanding performances by their appreciation, to their investors’ delight. However, BNB and BTC aren’t the only well-performing crypto projects. A lot of other projects, such as Collateral Network (COLT), are also showing their investment worthiness, with COLT forecasted to surge by over 35x during presale. >>BUY COLT TOKENS NOW<< Bitcoin (BTC) Keeps Investors’ Hopes…