Industry

Volvo Joins GM and Ford in Dropping 'Ambitious' Electric Vehicle Sale Due to Tough EV Market

Volvo Joins GM and Ford in Dropping 'Ambitious' Electric Vehicle Sale Due to Tough EV Market

Volvo has revised its 2030 goal from exclusively electric vehicles to offering a mix of electric and plug-in hybrid models due to slower EV demand and new trade tariffs.


Goldman Sachs Predicts Strongest US Economic Growth if Harris Wins Presidency

A win for Kamala Harris and the Democrats would boost US economic growth and job opportunities for Americans, while a Trump victory could lead to reduced economic output due to higher tariffs and stricter policies, according to Goldman Sachs.

Bluesky Warns of Tech Outage After Usage Traffic Surges in Brazil Following X Ban

Bluesky saw a surge in users in Brazil after the country banned Elon Musk's X platform, leading to performance issues due to high traffic.

Tesla Annotators Get ‘Intimate View of Driver’s Daily Life’ While Doing Repetitive Labeling Jobs at About $20 per Hour

Tesla's Autopilot software relies on an extensive team of data annotators who label intimate driver video clips under strict surveillance, raising privacy concerns and leading to worker pushback.


Latest News

Pharmaceutical Company Eli Lilly Headquarters
Eli Lilly is launching a lower-priced version of its weight loss drug Zepbound to increase access and combat counterfeit versions.
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Oil prices are rising due to recent conflicts between Israel and Hezbollah, with fears of Iranian retaliation potentially disrupting global oil supplies and pushing Brent crude to $75-$85 per barrel in September.
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A new Kansas City Fed conference study revealed that the Federal Reserve's aggressive rate hikes were essential in gaining public trust and controlling U.S. inflation over the past two years.
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Nestlé has ousted Mark Schneider as CEO and replaced him with Laurent Freixe amid recent financial struggles and a drop in stock price. At the same time, analysts express optimism about the leadership change.
Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding
European and US share prices rose on August 22 following Federal Reserve signals of potential interest rate cuts, while the dollar remained weak and oil prices stabilized after a recent decline.
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A Greek oil tanker, the Sounion, was set on fire and left drifting in the Red Sea after an attack by gunfire from small boats off Yemen, raising environmental and insurance concerns.
Canadian Company Proposes to Buy 7-Eleven for $37.5 Billion
Canada's Alimentation Couche-Tard has made a $37.5 billion bid to acquire 7-Eleven, valuing 7-Eleven at twice its previous Tokyo listing.
Gold Hits Record Highs of $2,540.8 Per Ounce, Analysts Predict $3,000 by 2025
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
US and China Signs New Financial Agreement, Focusing on Capital Markets and Cross-Border Payments
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
US Supply Chain at Risk as Canadian Railroads Face Possible Shutdown Due to Labor Dispute
Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.
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