Billion Dollar Club Archives - BillionDollarClub

TuesdayJun 17, 2025 9:00 am

Barclays to Slash Over 200 Jobs from its Investment Banking Unit

Barclays, one of the most well-known banks in the United Kingdom, is preparing to cut more than 200 jobs from its investment banking division. This decision is part of the bank’s ongoing efforts to improve performance and channel more resources into business areas with stronger growth prospects. The job cuts are expected to affect around 3% of the investment banking workforce, including some of the most senior employees, such as managing directors. According to reliable sources, these layoffs will be carried out in the coming days and will affect staff working in various departments, including investment banking, global markets, and…

FridayJun 13, 2025 9:00 am

New Innovation Allows Solid-State Batteries to Function at Lower Pressures

Researchers at Georgia Tech ave made an important breakthrough in battery technology. They’ve developed a new method that allows solid-state batteries to operate under reduced pressure. This discovery could lead to batteries that are safer, more efficient, and longer-lasting, ideal for devices like smartphones, electric vehicles, and portable tools. Currently, most modern devices rely on lithium-ion batteries. While these batteries are widely used due to their power and dependability, they come with certain risks. Their liquid-based components can overheat and, in rare cases, catch fire. Additionally, they don’t store enough energy for some high-demand uses, like long-distance electric cars. Because…

ThursdayJun 12, 2025 9:00 am

Stablecoins Notch Historic Milestone as They Breach $250 Billion Mark

Stablecoins have reached an unprecedented milestone, with their total market capitalization exceeding $250 billion for the first time. This achievement marks a significant moment in the evolution of digital assets, underscoring the increasing trust and reliance on fiat-backed cryptocurrencies in both the crypto ecosystem and traditional finance sectors. Data from DefiLlama indicates that stablecoins collectively are now worth $250.472 billion, representing 7.48% of the global crypto market, which currently stands at $3.35 trillion. This growth isn't happening in isolation; more than $2.5 billion has poured into the stablecoin sector within the past week alone, reflecting strong investor demand and momentum.…

TuesdayJun 10, 2025 9:00 am

Why Tesla, Musk are Switching Their Positions on EV Tax Credits

Elon Musk, the CEO of Tesla, once argued that the federal electric vehicle (EV) tax credit of $7,500 should be scrapped. He believed Tesla could succeed without government help and even suggested that all subsidies, including those for oil and gas companies, should be removed. But recently, both Musk and Tesla have taken a different stance. They are now in favor of keeping the tax credits. So, what’s behind this shift? Financial Pressure on Tesla Tesla has hit a rough patch. In 2024, the company experienced a decline in yearly vehicle sales for the first time. During the first quarter…

FridayJun 06, 2025 9:00 am

Home Charging, PHEVs Could Accelerate Reductions in Global Emissions

Climate change is one of the biggest challenges the world is facing today. A major cause of this problem is the pollution that comes from vehicles like cars, trucks, and buses that run on petrol or diesel. These vehicles release carbon emissions into the air, which are harmful to the environment. However, with the rise of new car technologies and better energy solutions, there is a chance to reduce this pollution. Two important ways to do this are by using home charging and plug-in hybrid electric vehicles, also known as PHEVs. PHEVs are vehicles that can operate using both electricity…

ThursdayJun 05, 2025 9:00 am

Phone Giant Xiaomi Delivers 28,000 EVs in May

Xiaomi, a company mostly known for its smartphones, is now growing fast in the electric vehicle (EV) industry. In May 2025, the company reported that it delivered more than 28,000 electric cars. This marks the eighth month in a row that Xiaomi’s monthly EV sales have passed the 20,000 mark. Xiaomi’s Rapid EV Growth Although Xiaomi is still new in the electric vehicle world, it is moving quickly. Its first EV model, the SU7, is already attracting a lot of interest across China. The car is available in different versions, including Standard, Pro, and Max. In February 2025, Xiaomi launched…

TuesdayJun 03, 2025 9:00 am

Report Shows More Corporations are Holding Crypto Assets

A recent study has found that a growing number of businesses are now investing in crypto assets such as Bitcoin and Ethereum. This trend is increasing quickly, even though the global economy remains unstable. The report, authored by Binance Research, points out that many large corporations are adding digital currencies to their financial portfolios as part of their long-term strategies. Major Firms Showing Interest in Bitcoin and Ethereum The research shows that more than 117 publicly traded companies now hold over 800,000 Bitcoins in total. One notable example is Trump Media & Technology Group, which recently launched a $2.5 billion…

MondayJun 02, 2025 11:10 am

D-Wave Quantum Inc. (NYSE: QBTS) Launches Commercial Availability of Advantage2(TM) Quantum System

Advantage2 offers a 4,400+ qubit processor with improved coherence and connectivity The system targets real-world applications in optimization, materials simulation, and AI, and features a 75% reduction in noise and a 40% energy scale increase over the predecessor Advantage(TM) quantum system Customers can access the Advantage2 system via D-Wave’s Leap(TM) cloud service or deploy it on-premises The Advantage2 system represents a remarkable achievement in helping customers realize value from quantum computing right now, said CEO Dr. Alan Baratz D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has officially announced the general availability of…

FridayMay 30, 2025 9:00 am

Shopify Introduces AI Updates to Empower Merchants

Shopify, a top ecommerce platform used by many online businesses, has added new AI tools to make it easier for people to start, run, and grow their stores. These updates are part of a major release called “Editions,” and they are especially helpful for people who are not tech-savvy or don’t know how to code. In the past, Shopify stood out because of its flexibility. It allowed users to change the look and feel of their stores using custom code, apps, and themes. This was great for companies with developers on their team. But now, with the rise of artificial…

ThursdayMay 29, 2025 11:15 am

D-Wave Quantum Inc. (NYSE: QBTS) CEO Highlights Revenue Increase, Commercial and Technical Momentum, in Fox Business Interview

D-Wave reported Q1 2025 revenue of $15 million, up 509% year over year. The revenue jump was driven by the sale of an Advantage(TM) quantum system to the Jülich Supercomputing Centre in Germany. CEO Dr. Alan Baratz says D-Wave’s recent quantum supremacy demonstration influenced the sale, while also catching the attention of the supercomputer community and national labs around the world. Dr. Baratz reiterated that annealing quantum computing is uniquely suited for real-world optimization tasks. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial…

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