Billion Dollar Club Archives - Page 2 of 37

ThursdaySep 11, 2025 9:00 am

Senators Sanders, Warren Call on Leading Banks to Ramp Up Loans

Senator Elizabeth Warren and Senator Bernie Sanders have called out the country’s biggest banks, saying they are putting profits for shareholders and executives ahead of the needs of everyday Americans. In a joint move, the two senators wrote letters to the Chief Executive Officers of the top six banks urging them to lend more to households and businesses instead of focusing on dividends and stock buybacks. The criticism came after American banks announced in July that they would be increasing dividends and buying back billions of dollars’ worth of their own stock. These announcements followed the Federal Reserve’s annual stress…

TuesdaySep 09, 2025 9:00 am

ICE Raids Hyundai’s US Battery Plant, Arrests Hundreds of Workers

A major immigration raid at a Hyundai battery production facility in Georgia has sparked wide debate in both the United States and South Korea. Immigration and Customs Enforcement (ICE) announced that 475 workers were detained during this operation. Most of those arrested were South Korean citizens who had entered the U.S. using short-term visitor visas. These visas are meant for tourism or business visits, not for employment. Officials described this raid as one of the largest workplace actions in Homeland Security’s history. More than 300 South Korean nationals were among those taken into custody. They were moved to a facility…

MondaySep 08, 2025 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Releases New Tools to Advance Quantum AI Innovation and Exploration

D-Wave recently introduced an open-source quantum AI toolkit that enables developers to seamlessly integrate D-Wave quantum computers into modern ML architectures. Part of D-Wave’s Ocean software suite, the quantum AI toolkit provides direct integration between D-Wave’s quantum computers and PyTorch, an ML framework used to create and train deep learning models. New demo shows developers how to experiment with using D-Wave quantum processors to generate simple images. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, recently released a collection of offerings to help developers explore and advance quantum artificial intelligence (“AI”) and machine…

FridaySep 05, 2025 9:00 am

MasterCard Executive Says Blockchain is a Payment Technology, Not Revolution

MasterCard is making it clear that cryptocurrencies and blockchain are not a financial revolution, but rather a tool to improve existing payment systems. According to Christian Rau, Head of Crypto for Europe at MasterCard, the company sees digital assets as an additional layer in its global payments network, designed to make transactions easier, faster, and safer. Rather than trying to replace traditional financial systems, MasterCard aims to integrate crypto in ways that enrich the current infrastructure. The company continues to offer services that connect traditional banking with digital assets. This includes on- and off-ramp services and cards linked to crypto…

ThursdaySep 04, 2025 9:00 am

Price Wars in China Cause BYD Shares to Slide

China’s electric vehicle market is facing one of its toughest battles yet, and even the industry leader BYD is feeling the heat. The company’s shares fell sharply this week after it reported a big drop in profit, showing just how damaging the ongoing price war has become. Between April and June, BYD recorded a net profit of 6.4 billion yuan, or about 900 million dollars. While this might sound like a strong figure, it was actually 30 percent lower than the company earned during the same period last year. Investors reacted quickly, and BYD’s stock slipped by as much as…

WednesdaySep 03, 2025 9:00 am

Tesla’s EU Sales Dip Further as Chinese Rival BYD Gains Ground

Tesla is facing tough times in the European Union as its sales continue to fall behind those of its Chinese competitor, BYD. Fresh data from the European Automobile Manufacturers Association shows that while Tesla is losing ground, BYD is rapidly gaining momentum in one of the world’s most important car markets. In July 2025, Tesla’s sales in the EU dropped by more than 42 percent compared to the same month last year. The company sold only 6,600 vehicles, giving it just 0.7 percent of the new car registration market. This marks a sharp decline for the American electric car maker…

FridayAug 29, 2025 9:00 am

Ford’s Upcoming $30k Truck Shows Trump is Unlikely to Derail EVs

Electric vehicles have faced a lot of challenges in the United States, especially with President Donald Trump openly opposing them. Trump has been clear about his dislike for EVs, working to remove incentives that encourage people to buy them. At the same time, he has pushed for more support for coal, oil, and natural gas, showing a strong preference for traditional energy sources. His actions have included attempts to reverse programs under the Inflation Reduction Act, which is the largest government effort in U.S. history to fight climate change. One of the most important parts of these programs is the…

ThursdayAug 28, 2025 9:00 am

Experts Raise Concerns About the Trump Family’s New Cryptocurrency Venture

U.S. President Donald Trump and his family stepped into the cryptocurrency market with the creation of World Liberty Financial (WLFI), a platform that plans to introduce its own digital tokens. Reports indicate that trading of WLFI tokens will begin in September, and the venture has already secured about $1.5 billion through a partnership with ALT5 Sigma, a company listed on the stock market. As part of the deal, Eric Trump has joined ALT5 Sigma’s board of directors, highlighting the family’s deep involvement in the project. The Trump family is expected to benefit significantly from WLFI. Sources suggest they will control…

TuesdayAug 26, 2025 9:00 am

Adobe Data Shows Gen-AI Use on American Ecommerce Sites Has Jumped 4,700%

Generative AI is no longer just a tech buzzword. It is now shaping how people shop online in the United States. According to new data from Adobe, traffic to American retail websites that comes from generative AI tools has grown by an incredible 4,700% in just one year. This means more shoppers are turning to platforms like ChatGPT, Gemini, Copilot, Claude, and Perplexity as their starting point before visiting ecommerce sites. Adobe first noticed this trend during the 2024 holiday season, when traffic driven by AI tools jumped by 1,300% compared to the previous year. Since then, the numbers have…

MondayAug 25, 2025 2:00 pm

D-Wave Quantum Inc. (NYSE: QBTS) Targets Processor Development Scalability with Advanced Cryogenic Packaging Initiative

D-Wave launches initiative to develop advanced cryogenic packaging for both gate-model and annealing quantum processors. The program will expand multichip packaging capabilities, manufacturing equipment, and processes. Initiative leverages expertise from NASA’s Jet Propulsion Laboratory (“JPL”) for superconducting bump-bond technology. The goal is to increase interconnectivity and scalability for architectures reaching 100,000 qubits. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has announced a strategic development program to expand its capabilities in cryogenic packaging, designed to advance and scale both gate-model and annealing quantum processors. The initiative underscores the company’s focus on hardware innovation to…

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Category: Billion Dollar Club