Billion Dollar Club Archives - Page 2 of 28

ThursdayMar 27, 2025 9:00 am

BMW Pulls the Plug on its Plans to Switch to Solid-State Batteries

BMW has officially put the brakes on its plans to switch to solid-state batteries, citing high costs as the primary reason. While many automakers are racing to adopt this next-generation battery technology, BMW is taking a different approach. Instead of transitioning to solid-state batteries right away, the German carmaker is doubling down on improving lithium-ion batteries, which they believe still have untapped potential. Solid-state batteries have been hailed as the future of electric vehicles (EVs). They are lighter, charge faster, and have a longer lifespan compared to traditional lithium-ion batteries. More importantly, they can store more energy, potentially extending the…

WednesdayMar 26, 2025 9:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Reports Strong Q4, 2024 Results with Increased Bookings and Cash Position

D-Wave’s 2024 bookings reached $23.9 million, a 128% increase from 2023, with Q4 bookings up 502% year-over-year. The company reported a cash position exceeding $300 million as of March 13, 2025. Significant technical and business milestones achieved in the past year include a quantum supremacy demonstration and the sale of an Advantage quantum computer to Julich Supercomputing Centre. New partnerships and customer projects were announced, spanning industries such as insurance, law enforcement, and agriculture. D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, reported financial performance for the fourth quarter and full-year 2024, highlighting…

TuesdayMar 25, 2025 10:00 am

Oppenheimer Pegs Back its 2025 Investment Banking Forecast for the US

Oppenheimer has revised its outlook for U.S. investment banking revenue in 2025, scrapping its previous forecast of a 32% increase. The financial firm now expects no growth in the sector, citing mounting concerns over tariffs and trade policy uncertainties. This decision reflects a growing sense of caution among Wall Street analysts who had been optimistic about a rebound in mergers and acquisitions (M&A) following Donald Trump's return to the White House. As part of its revised forecast, Oppenheimer downgraded major players in the investment banking sector, including Goldman Sachs, Jefferies, and Carlyle. The brokerage firm cited the impact of unpredictable…

FridayMar 21, 2025 9:00 am

NIO Launches its New Firefly EV

NIO Inc. (NYSE: NIO) has officially introduced its latest electric vehicle, Firefly, marking the company’s third sub-brand. Announced on March 16, 2025, Firefly is designed to redefine urban mobility with a blend of innovative technology, smart functionality, and modern aesthetics. The vehicle is expected to enter the market by April 2025, offering a compact yet efficient option for city drivers. One of the standout aspects of Firefly is its design. Under the direction of Kris Tomasson, NIO’s co-founder and senior vice president of design, the vehicle features a unique look that sets it apart from other models in the company’s…

ThursdayMar 20, 2025 9:00 am

SUVs Continue to Dominate Roads Despite Climate Change Concerns

Across the world, more people are choosing Sport Utility Vehicles (SUVs) over smaller cars. This trend continues even though experts and environmental groups warn about the harmful effects of SUVs on the climate. Many believed that the future of transportation would be small, energy-efficient electric vehicles (EVs). However, SUVs remain the top choice for car buyers. In 2024, SUVs made up 54% of all car sales worldwide. This is an increase from previous years, showing that their popularity is still rising. Many people prefer SUVs because they are larger, more comfortable, and offer a better view of the road. They…

TuesdayMar 18, 2025 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Demonstrates Quantum Supremacy on a Real-World Problem

D-Wave has shown quantum computational supremacy on a useful, real-world problem, a first in the industry, highlighting the potential of quantum computing for materials discovery and complex simulations beyond classical computational limits. A peer-reviewed paper published in Science validates that D-Wave’s annealing quantum computer solved a magnetic materials simulation problem that is beyond the capabilities of classical supercomputers. The simulation, which took minutes to solve on D-Wave’s system, would require nearly one million years and more electricity than the world’s annual consumption on a GPU-based supercomputer. The Advantage2 annealing quantum computer prototype was used to achieve this milestone and is…

TuesdayMar 18, 2025 9:00 am

As Tesla Sales Tumble, BMW Hopes to Take Advantage

Tesla, once the leader in the electric vehicle (EV) industry, is now struggling with falling sales. The situation has led to competitors like BMW to grow their share in the EV market. With a strong lineup of battery-electric vehicles (BEVs), new technology, and a strategy that includes different types of vehicles, BMW is positioning itself as a major player in the EV industry. Despite economic challenges, BMW’s EV sales are rising. In 2024, the company increased its BEV sales by 13%, with these cars making up 17% of total sales. Meanwhile, its MINI BEVs saw a 24% increase in sales…

FridayMar 14, 2025 9:00 am

Crypto Storage Tips in the Wake of the Hack on Bybit

The recent $1.5 billion hack on Bybit, one of the world’s largest crypto exchanges, has shaken the crypto community. This attack, the largest crypto heist in history, highlights serious security vulnerabilities in centralized exchanges. If you store your assets on an exchange, this incident should serve as a reminder to rethink how you store cryptocurrency safely. Bybit, like most major exchanges, secures funds using a multi-signature cold wallet system. The majority of its assets are kept offline, while smaller amounts are transferred to hot wallets for daily transactions. However, hackers found a way to bypass this security. The attackers compromised…

ThursdayMar 13, 2025 9:00 am

Report Warns That Crypto Deregulation in the US Poses Significant Risks

A new report from the Center for Political Accountability (CPA) warns that cryptocurrency companies are gaining too much political influence in the United States. The report highlights how these companies have increased their political spending while benefiting from reduced government oversight under the Trump administration. With Trump now actively supporting cryptocurrency, the report raises concerns about risks to investors, financial stability, and public trust. Cryptocurrency companies have become a major force in U.S. elections. In the 2024 election cycle alone, these companies spent more than $134 million on political contributions. Their financial influence was particularly strong in key races, such…

TuesdayMar 11, 2025 9:00 am

5 Trends Likely to Redefine Ecommerce in Years to Come

Ecommerce is changing fast. New technology, shifting consumer habits, and innovative business strategies are shaping the future of online shopping. As more people turn to digital platforms for their shopping needs, businesses must stay ahead of trends to remain competitive. Here are five key trends that are expected to redefine ecommerce in the coming years. Social Shopping Will Dominate Online Retail Social shopping is becoming a major force in online retail. Social media platforms like Instagram, TikTok, and YouTube are now more than just places to connect with friends. They have become shopping destinations where users can discover, review, and…

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Category: Billion Dollar Club