How BYD grew from a battery maker to EV juggernaut, overtaking Tesla

In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD. In … Read more

Why car insurance rates are increasing in the U.S.

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by … Read more

How Sony PlayStation beat Microsoft and Nintendo in console wars

It’s been three decades since the Sony PlayStation first brought to life some of the video game industry’s most beloved franchises. Sony Interactive Entertainment president and CEO Jim Ryan is set to retire in March 2024. His tenure began in 1994, the same year the PlayStation launched in Japan. The gaming console expanded into the … Read more

EV startup Fisker is fighting for survival

Henrik Fisker, a widely respected Danish automotive designer, joined the battle for electric vehicle dominance in 2007 with his first endeavor, Fisker Automotive, but failed. The company ended with his resignation and bankruptcy in 2013. Now the designer-turned-CEO is back and determined to get it right. In 2016, he came back with a new company … Read more

How Naadam grew from risky loan to lucrative cashmere fashion brand

The story of Matt Scanlan, Diederik Rijsemus and cashmere apparel brand Naadam reads like an adventure novel. During a globetrotting vacation in 2013, the two college friends found themselves stranded among Mongolian goat herders in the Gobi Desert for three weeks. They learned about the wool trade, and came away with a business idea: Make … Read more

What the U.S. can learn from Norway when it comes to EV adoption

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto … Read more

Las Vegas went from a sports pariah to hosting Super Bowl 58

Once known mainly for gambling and debauchery, Las Vegas has gained professional sports teams with the National Football League, the National Hockey League, Women’s National Basketball Association and the United Soccer League in under a decade. And a Major League Baseball team is on the way. But that’s not all. The broad developments in Sin … Read more

How the Apple iPhone changed the world

When Apple announced the iPhone in 2007, Steve Jobs called it a “revolutionary product” in a handset category that he said needed to be reinvented.  Now, nearly two decades and 42 models later, the iPhone is one of the world’s most popular phones. Apple has sold over 2.3 billion units of the iPhone and has … Read more

How chaos in the Red Sea is putting the U.S. Navy to the test

The U.S. Navy is encountering a tenacious threat in the Red Sea. The Iran-backed Houthi rebels have launched wave after wave of low-cost precision weapons at vessels transiting the area, including attacks on U.S. warships themselves. “That’s one of the things [that] the Red Sea sort of demonstrates … we never know where the maritime … Read more

Amazon car-buying seeks to reshape dealerships

The total addressable market for new and used car sales in the U.S. is estimated to be somewhere between $2.5 trillion and $3 trillion, according to the National Automobile Dealers Association. And e-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping … Read more