Jerry Lin
The Latest
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Amazon's $120 Million Countermove: Bezos Challenges Musk with Florida Satellite Hub
In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. 
In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. -
FTX's $1bn Lawsuit Against Founder Sam Bankman-Fried: A Tale of Misappropriated Funds and Criminal Charges
In a dramatic turn of events, the bankrupt cryptocurrency exchange FTX has filed a lawsuit against its founder, Sam Bankman-Fried, and three other former executives, seeking $1 billion in damages. The lawsuit alleges that the defendants engaged in a series of illicit transactions that should be reversed under U.S. bankruptcy law. The move is seen as an attempt to recoup assets for creditors, including thousands of customers who lost access to their funds when FTX suspended withdrawals last year. 
In a dramatic turn of events, the bankrupt cryptocurrency exchange FTX has filed a lawsuit against its founder, Sam Bankman-Fried, and three other former executives, seeking $1 billion in damages. The lawsuit alleges that the defendants engaged in a series of illicit transactions that should be reversed under U.S. bankruptcy law. The move is seen as an attempt to recoup assets for creditors, including thousands of customers who lost access to their funds when FTX suspended withdrawals last year. -
Sergey Brin's Comeback Heralds Google's AI Trump Card: Pioneering Gemini Model Set to Launch
Sergey Brin, Google's co-founder and tech industry titan, who disappeared from the public eye four years ago, has been swept back into the spotlight by the winds of artificial intelligence (AI)! 
Sergey Brin, Google's co-founder and tech industry titan, who disappeared from the public eye four years ago, has been swept back into the spotlight by the winds of artificial intelligence (AI)! -
TSMC Delays Arizona Factory Production to 2025 Amid Skilled Labor Shortage
Due to a shortage of skilled labor and rising costs, Taiwan Semiconductor Manufacturing Co. (TSMC) is forced to delay the launch of its factory in Arizona. 
Due to a shortage of skilled labor and rising costs, Taiwan Semiconductor Manufacturing Co. (TSMC) is forced to delay the launch of its factory in Arizona. -
Apple Faces iPhone 15 Pro and Pro Max Supply Shortage Due to Manufacturing Issues
According to insiders quoted by the media on Thursday, July 20th, Apple is encountering challenges while assembling the soon-to-be-released iPhone 15 Pro and Pro Max models. These challenges may result in a shortage of these two new models upon their release in September. 
According to insiders quoted by the media on Thursday, July 20th, Apple is encountering challenges while assembling the soon-to-be-released iPhone 15 Pro and Pro Max models. These challenges may result in a shortage of these two new models upon their release in September. -
Netflix Stock Dips After Earnings Report, but Analysts Remain Bullish
Netflix, the streaming giant, recently reported its quarterly earnings, revealing a 2.7% rise in revenue to $8.2 billion, a figure that fell in line with the company's expectations. However, the increase was primarily attributed to a surge in new subscribers, rather than a significant uptick in advertising revenue. 
Netflix, the streaming giant, recently reported its quarterly earnings, revealing a 2.7% rise in revenue to $8.2 billion, a figure that fell in line with the company's expectations. However, the increase was primarily attributed to a surge in new subscribers, rather than a significant uptick in advertising revenue. -
Fed Unveils FedNow: A Game-Changer for Instant Payments
In a significant move towards modernizing the financial system, the U.S. Federal Reserve has officially launched its much-anticipated instant payment service, FedNow. This new service will allow consumers and businesses to send and receive money in seconds, bringing the world's largest economy in line with other countries that have already adopted instant payment systems. 
In a significant move towards modernizing the financial system, the U.S. Federal Reserve has officially launched its much-anticipated instant payment service, FedNow. This new service will allow consumers and businesses to send and receive money in seconds, bringing the world's largest economy in line with other countries that have already adopted instant payment systems. -
Blackstone Group Hits Trillion-Dollar Asset Milestone Amid Lowest Distributable Earnings in Two Years
Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance. 
Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance. -
Tesla Battles Profit Dip and Margin Squeeze: How Long Will the Impact of Price Reductions Last?
Tesla, the global frontrunner in new energy vehicles, released its Q2 financials on July 20. Among key indicators, the company's operational revenue hit a record $24.927 billion, a 47% increase YoY, exceeding the market's overall forecast of $24.3 billion. 
Tesla, the global frontrunner in new energy vehicles, released its Q2 financials on July 20. Among key indicators, the company's operational revenue hit a record $24.927 billion, a 47% increase YoY, exceeding the market's overall forecast of $24.3 billion. -
CVC Capital Raises $29.2 Billion for Largest-Ever Buyout Fund
The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end. 
The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end.
