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Vietnamese Car Maker VinFast Accelerates Electric Vehicle Push

VinFast, a relatively unknown car manufacturer from Vietnam, has unveiled three new electric vehicle models at this year’s CES, the world’s largest technology trade show, in Las Vegas. The move comes less than two months after the company unveiled two electric SUVs at the Los Angeles Auto Show. What is VinFast? This is really a bold move by VinFast, a unit of Vingroup – the largest corporation in Vietnam, established less than 5 years ago. However, in the Vietnamese market, people are not surprised by this. Mr. Pham Nhat Vuong, founder and chairman of Vingroup, has many achievements that show

SIX NUMBERS THAT DEFINED CRYPTO’S RECORD YEAR

In just one year, the crypto market cap hit $3 trillion, the SEC approved the first bitcoin ETF, and the NFT craze pushed digital doodles to millions of dollars in value, making cryptocurrency officially into the mainstream. So what shows that crypto has reached a record year? Here are six metrics that defined crypto in 2021 and what they mean for the coming year 11% Estimates suggest that Bitcoin market cap hit $11 trillion in gold at the height of its bull run on November 10, 2021. That day, Bitcoin hit an all-time high of $68,721, up 120% and up

Amazon And Apple Both Fall Short Of Earnings Expectations! And what’s causing them?

Tech giants Apple and Amazon both came up short of expectations in quarterly earnings reports released after market close Thursday and warned of supply chain issues cutting into their bottom lines, causing Apple to fall 3.4% and Amazon to dip 3.6% in after-hours trading. KEY FACTS Apple reported revenue of $83.4 billion for the quarter ending September 25, a 29%year-over-year jump, though it was slightly below analyst expectations, while its earnings per share of $1.24 per share matched forecasts. Amazon reported $110.81 billion in revenue for the quarter, also below forecasts, while its $6.12 earnings per share were well short

What Is The ‘Metaverse’ And What Does It Have To Do With Facebook?

Facebook said on Monday that it will hire 10,000 people in Europe to help it build a “metaverse.” The concept of the metaverse is quickly becoming a buzzword in technology and business. But what does it mean? WHAT IS THE METAVERSE? Many science fiction books and films are set in fully-fledged metaverses – alternative digital worlds which are indistinguishable from the real physical world. But this is still the stuff of fiction. Currently, most virtual spaces look more like the inside of a video game than real life. Metaverse is a broad term. It generally refers to shared virtual world

Next Billion-Dollar Startups: How Notarize Built A $760 Million Online Notary Business?

Pat Kinsel, 36, started Notarize after selling his previous company in 2013 and realizing that the notary had failed to sign his documents. Without the signature, the documents became invalid, despite being stamped, a major headache for Kinsel. Two years later, he founded Notarize to move the hassle of notarization online. Two years later, he founded Notarize to move the hassle of notarization online. With Notarize’s online service—including proprietary identification verification tools—customers can skip the trip to a notary and connect with a professional via video chat instead. To start the business, he had to convince state and local regulators

El Salvador Becomes Bitcoin Laboratory As First Nation To Adopt It As Legal Tender

El Salvador became the first country to embrace Bitcoin on September 7, 2021, when it became legal tender. The move has converted the Central American country into the world’s first national experiment in using the often volatile currency, which is gaining popularity among investors and speculators throughout the world. Bitcoin’s price fell sharply after El Salvador announced the move, recovering slightly by early afternoon Tuesday. In 2001, El Salvador’s Law of Monetary Integration set a fixed rate of exchange between the U.S. dollar and that country’s monetary unit, the colon. While the colon technically remains legal tender, it is no

Amazon Plans to Open Large Retail Locations Akin to Department Stores

According to The Street Journal, Amazon plans to open several large physical retail locations in the U.S. that will operate akin to department stores, a step to help the tech company extend its reach in sales of clothing, household items, electronics and other areas, people familiar with the matter said. The plan to launch large stores will mark a new expansion for the online-shopping pioneer into bricks-and-mortar retail, an area Amazon has long disrupted. Amazon is stepping up its move into bricks-and-mortar retail Some of the first Amazon department stores are expected to be located in Ohio and California, the