Author: Daniel snow

How copycat phone maker Xiaomi became a force in China’s EV market

By

Chinese electronics company Xiaomi became the world’s third-largest phone maker by selling devices that critics said were iPhone copycats.The company is now becoming a force in the electric vehicle market, a feat Apple never managed.Xiaomi released its much anticipated YU7 crossover on Thursday, a vehicle that some have said could be China’s first serious rival to the best-selling Tesla Model Y.”People are anticipating that it’s going to really, really do some damage to the Model Y sales in China specifically,” said Tu Le, founder and managing director of Sino Auto Insights, which studies the Chinese automotive market.Once again, Xiaomi is…

Read More

Fed Chair Jerome Powell says biggest career mistake is avoiding risks

By

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025.Kevin Lamarque | ReutersFederal Reserve Chairman Jerome Powell shared one of the biggest career mistakes with Princeton graduates and said taking risks and initiatives is the key to getting ahead.In a commencement address to Princeton’s Class of 2025 on Sunday, Powell described one of the key traits he said was behind him ultimately becoming a member of the Federal Reserve Board.”As you strive in coming years to reach your…

Read More