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Volkswagen poured $5 billion into a struggling start-up. Here’s why
Volkswagen, the world’s second-largest carmaker, invested $5 billion into a California-based start-up.
Author
L. R.
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US consumers are less confident. But they shouldn’t be.
The US consumer is not as confident about the economy anymore. And yet, everything is going according to the Fed’s plan.
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Amazon enters AI race with ChatGPT rival
After years of attempts, it seems like Amazon is finally ready to enter the AI race with its ChatGPT-like software.
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Apple faces $40 billion fine after EU antitrust findings
Apple was found in violation of the EU’s Digital Market Act and risks a hefty fine from Brussels.
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EU, China to negotiate agreement to avoid EV tariffs
The European Union and China will open talks to negotiate Brussels’ tariffs against Chinese-made electric cars.
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X is bleeding money: Elon Musk begs advertisers to come back
X (formerly known as Twitter) will not be able to sustain its operations without advertisements. And Elon Musk knows this.
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Good news for the Fed: the US economy is weakening
The Federal Reserve tried to slow down the world’s largest economy for years. And it’s finally happening.
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BoE keeps rates unchanged despite lowest inflation since 2021
The UK’s Bank of England kept interest rates at their 20-year high despite inflation finally reaching its target.
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UK inflation reaches 2% target: how will it change the elections?
The United Kingdom is the first major economy to reach 2% inflation. Will this change the upcoming elections?
