Deals

Tesla signs $5 billion deal with Indonesia - Reuters

The automaker has signed contracts to buy nickel products for its batteries. Several metal processing plants are involved in the deal.

Tesla is trying to diversify its sources of raw materials. This is how the company intends to avoid possible geopolitical risks and undermining existing supply chains. This is a positive for Tesla stock in the long run.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

Read next