For as long as there have been electric vehicles, their critics have disingenuously argued that it’s impossible for EVs to ever take hold in the U.S. until the working class can afford to drive them. Despite that not having been a prerequisite for the proliferation of pricey
The European Union’s fight against Big Tech continued Friday when it asked Amazon to provide more information on how it is complying with the Digital Services Act (DSA), a law mandating that big companies combat harmful content on their websites and set advertising transparency
Last June, Target and Kroger were at a 14% to 15% premium to Walmart. Today, that figure is sitting around 6% to 7%.
Earlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance.
Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said.
1. E.U. tariffs could hurt Tesla sales in Europe when they’re already suffering in the region Read more...
Beer demand is brewing — and its boosting sales for booze giant Constellation Brands. Read more...
The move comes as billionaire Elon Musk seeks to expand the EV automaker's reach in China.
Another European airline is bracing customers for more expensive flights as the industry faces pressure to reduce its greenhouse gas emissions. Luis Gallego, CEO of the International Airlines Group, told the Financial Times on Thursday that cheap fares are part of the sacrifice
JPMorgan Chase is threatening to start charging customers for checking accounts if new federal rules limiting overdraft and late fees are enacted. Read more...
Pets play a large role in how Americans make financial decisions — and for some younger Americans this even means they would take a pay cut for their four-legged friends, according to a survey from the financial services firm Empower . Read more...
Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.
To better understand this tricky issue, career experts revealed reasons that could be causing a manager to overlook a worker for a boost in title and pay — and what to do about it.
Walgreens’ decision to close thousands of stores could help it in the long run, but that strategy could lead to mixed effects on consumers and its business. Read more...
With mortgage interest rates hovering around 7%, prospective buyers are facing a challenging landscape with limited housing inventory and escalating home prices to boot.
A major investment in green energy is going poorly for Shell. The oil company announced Friday that it would be taking up to $2 billion in charges this quarter, partly for its sale of a refinery in Singapore and partly for a biofuels plant in the Netherlands. Read more...
A slew of major Democratic donors, including Disney heiress Abigail Disney, have said they will withhold donations to the party until President Joe Biden drops his reelection bid. Read more...
Jill Biden is seen as one of the key figures in the president's inner circle who is encouraging him to resist increasing pressure to bow out of the race.
During the first half of this year, cryptocurrency hackers stole twice as much as they did in the first half of 2023, according to blockchain intelligence firm TRM. By June 24, 2024, hackers had stolen $1.38 billion, compared to $657 million at the same time last year. Read
The European Commission, the EU’s competition watchdog, is reportedly set to hit X with formal charges in the coming days.
In her maiden speech in the Commons in 2010, she vowed to fight for "jobs, growth and prosperity".
Russia’s outsized military spending continues to blunt the impact of economic sanctions during its war in Ukraine. The World Bank said that it was upgrading the country’s economic standing to its top-tier “high-income” category from its earlier “upper-middle-income” status,
Around half of Americans can’t afford to take a summer vacation this year thanks to the rising costs of living , according to a new survey. Read more...
At the start of this year, Elon Musk had so much money that he could pretty much single-handedly solve world hunger with his $251 billion fortune. However, stagnating Tesla sales , endless struggles with his takeover of Twitter and the turbulent value of Tesla stock means he’s
Samsung estimated its second quarter operating profit will jump more than 1,450% year-over-year, sending its stock to a three-year high Friday morning. Read more...
Shelby McFaddin, an investment analyst at Motley Fool Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Elon Musk mocked Mark Zuckerberg’s Fourth of July celebrations – which included surfing while clad in a tuxedo and drinking a beer – in the latest instance of the longstanding feud between the two men. Read more...
The Motion Picture Association-Canada (MPA-Canada), which represents Netflix, Disney+, Paramount, and other streamers, has asked the country’s Federal Court of Appeal to review a new rule that would require streaming companies to pay the Canadian government a cut of their
Bitcoin is bleeding as defunct crypto exchange Mt.Gox has started repaying its customers — and it’slikely that some of those customers have begun selling that Bitcoin. The leading cryptocurrency traded around $55,000 Friday morning, after falling more than 4% in a day and
US markets remain optimistic the Fed could start cutting rates later this year.
