Markets

Balenciaga has released a $4,500 women’s skirt resembling men’s boxer briefs, sparking online debate. The stretch knit mini-skirt, part of the 2025 Fall collection, features a low-rise design and the Balenciaga logo. Despite criticism, the skirt is reportedly sold out, mirroring a trend seen with the brand’s controversial $2,700 stainless steel hair clips, which were criticized for their high price compared to similar items elsewhere.

The 2025 Hanover Home Report reveals growing homeowner awareness of risk prevention. While understanding water damage, structural safety, and fire prevention is high, adoption of protective measures like water sensors and fortified roofing lags. The report encourages homeowners to embrace technology, conduct regular inspections, and practice proactive maintenance to reduce potential losses.

Molly, the top Porsche salesperson at Qingdao Porsche Center, continues her impressive sales streak. Aiming for a third consecutive year of selling 170 cars, she’s already closed a significant number of orders and anticipates maintaining her pace despite production challenges. Molly attributes her success to building strong client relationships and acting as a trusted advisor, fostering loyalty and repeat business.

Nvidia’s Chief Scientist Bill Dally suggests U.S. export restrictions on China’s AI sector may have unintentionally boosted China’s capabilities. He notes skilled Chinese researchers are now working for Huawei, fostering indigenous AI solutions. Restrictions have created a localized ecosystem, increasing China’s share of high-end AI researchers. Though China may lag in hardware, it possesses significant intellectual capital. The policy has propelled Huawei’s growth, eliminating key rivals and fostering competitive software solutions.

Rumors surrounding Elon Musk having a child with a Japanese pop star, potentially Ayumi Hamasaki, have surfaced online, fueled by speculation and hints from his ex-girlfriend. Hamasaki has denied the claims. This speculation comes amidst reports suggesting Musk has many children, further stirred by a journalist’s claim that the number is far beyond the known figure.

Nutex Health Inc. (NUTX) announced its 2025 annual shareholder meeting details and availability of proxy materials. The virtual meeting is scheduled for July 14, 2025, and accessible online. Shareholders can access documents via several methods, including www.ProxyVote.com. Nutex operates micro-hospitals and physician networks, aiming to streamline healthcare. The announcement includes forward-looking statements and encourages shareholder participation.

At FF’s shareholder day, founder Jia Yueting expressed deep gratitude for retail investors’ support, crediting them with saving the company. He vowed to offer significant returns to compensate for past setbacks, driven by recent operational and financial improvements. FF also announced B2B sales breakthroughs, securing orders, and progressing towards the year-end launch of its first vehicle, the FX Super One, with subsequent models on schedule.

SoftBank and Intel are partnering to develop an AI-specific memory chip, Saimemory, aiming to reduce AI computing power consumption by up to 50%. This stacked DRAM chip, utilizing an innovative wiring architecture, promises improved energy efficiency and supports sustainable AI data centers. With an estimated $64 million investment, a prototype is expected within two years, targeting commercial deployment in the late 2020s, starting with SoftBank’s AI data centers. Other research institutions and the government are expected to offer support as the project progresses.

Clean Air Metals Inc. has released its audited financial statements for the fiscal year ending January 31, 2025. Key figures include total assets of $37.9 million and a net loss of $3.1 million. The company will hold its Annual General Meeting on July 29, 2025. Clean Air Metals is advancing its Thunder Bay North project and expects to release a new Preliminary Economic Assessment this fall.

Richard Yu, Huawei’s automotive executive, criticized underperformance within China’s EV sector. He argued against allowing the “lowest common denominator” to dictate industry standards, likening it to a school where the weakest student hinders progress. Yu advocates for prioritizing innovation and celebrating excellence to avoid complacency and ensure user safety and overall advancement.