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Bitcoin bounces back as risk assets stabilize ReutersBitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow CNBC‘It sucks': Crypto gets a rude awakening to kick off Trump's second year PoliticoBitcoin Drops to Lowest Price Since Trump Was Elected as Crypto Faces Slump The New York TimesBitcoin's Meltdown Isn't Just a Crypto Event. It's Hammer
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Why the artificial-intelligence advertising spree could be the last hurrah — like the dot-coms in 2000.
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Hims & Hers also said it's selling a cancer-detection test that's featured in its Super Bowl ad, which plays like a commentary on the wealthy's access to better healthcare.
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The NFL hopes that Sunday's Super Bowl LX between the Seattle Seahawks and New England Patriots will top last year's record TV ratings, after a season in which the league notched its highest ratings in 36 years.
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Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don't panic just yet.
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Stocks also rise in first trading session as US pledges to lower country's tariffs to 18% following oil agreement
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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