MOSCOW—An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia’s […]
NEW YORK—Express Inc—once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M—has filed for Chapter 11 bankruptcy protection. The retailer based in Columbus, Ohio, and founded in 1980 also said Monday it is seeking to sell the majority of its stores. Express, which is the parent […]
NEW YORK—Tesla knocked roughly a third off the price of its “Full Self Driving” system—which can’t drive itself and so drivers must remain alert and be ready to intervene—to $8,000 from $12,000, according to the company website. Tesla CEO and billionaire Elon Musk promised in 2019 that there would be a fleet of robotaxis on […]
Former President Donald Trump is on the brink of receiving around $1.3 billion worth of additional Truth Social stock. This would push the value of his ownership to the $4 billion range. The stock is extremely volatile and trading far above revenue, but financial expert Vijay Marolia says the math for startups is different.
A survey reveals one out of three Americans will be traveling this summer on borrowed money. This will be a troublesome option since more than 40 percent of credit card holders already carry debt and interest rates are high. We spoke with Ted Rossman, senior analyst at Bankrate, about the dangers of going into debt […]
New analysis found major tech stocks are headed for a collapse. If tech falls, what will take its place in the market? Crescat Capital macro strategist Tavi Costa reveals a rotation that could happen in the market. The market appears to be moving from tech to resource-related businesses. Mr. Costa explains why it is mathematically […]
Retired U.S. Air Force Brig. Gen. David Stilwell says new legislation to force the popular video-sharing application TikTok to divest from its Chinese ownership or lose the ability to operate within the United States should be seen as a measure of national defense rather than an issue involving free speech and censorship. On April 20, […]
The Supreme Court is making it easier for people to sue their employers for discrimination when they’re transferred against their will. It’s a unanimous decision at the highest court this week, where the justices sided with a St. Louis police sergeant. Jatonya Clayborn Muldrow claims her department discriminated and retaliated against her when it forced […]
Former President Donald Trump is in line to receive around $1.3 billion worth in additional Truth Social stock. This would push the value of his ownership to the $4 billion range. Tesla slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the United […]
Volkswagen workers in Chattanooga, Tennessee, voted overwhelmingly on Friday to join the United Auto Workers (UAW), becoming the first Southern autoworkers outside of the Big Three to win their union. According to the final vote tally released by the union, about 73 percent (2,628) of Volkswagen workers voted in favor of union representation, while 27 […]
Nissan plans to start producing solid-state electric vehicle (EV) batteries by next March and bring them to market by 2029, it told Automotive News last week. “By next March, Japan’s No. 3 automaker says, state-of-the-art manufacturing equipment will be installed and turning out trial runs of the breakthrough next-generation batteries,” the outlet wrote. Solid-state batteries […]
New York—Delta Air Lines flyers will soon board its planes in a new way that might remind them of the past. Beginning May 1, the airline will board customers by numbered zones, a change that largely reverts back to process it used until early 2019, before changing to its current process of boarding by named […]
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric […]
A group of 15 financial officials from 13 states sent a notice to Bank of America, raising concerns about the institution’s “de-banking” of Christians. “We write to express our concerns over Bank of America’s troubling track record of politicized de-banking. Bank of America’s de-banking policies and practices threaten the company’s financial health, its reputation with […]
All stock trades conducted on U.S. exchanges will soon be surveilled by the government, according to a newly implemented plan by the Securities and Exchange Commission (SEC). The SEC’s “Consolidated Audit Trail” (CAT) mandate would “allow regulators to efficiently and accurately track all activity throughout the U.S. markets,” the SEC stated. In announcing the launch […]
Stellantis is recalling 38,164 vehicles due to an issue which can prevent the driver’s airbag from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The automaker is recalling certain 2023–2024 Ram 1500, Jeep Wrangler, and Jeep Wagoneer vehicles, among others, as the steering column control module on them may […]
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap. Even though P&G’s third-quarter net sales fell short of analysts’ expectations, the company has been able to boost its bottom line, building on […]
Apple is looking to manufacture more of its products in Indonesia after making investments in India and Vietnam, as a global trend of tech giants relocating production away from China continues. Apple Inc. CEO Tim Cook met Indonesian President Joko Widodo on Wednesday, and said the company will “look at” manufacturing in Indonesia. “We talked […]
Google fired 28 employees after the protests held across two of the company’s offices on April 16. The employees had staged the protests over Google’s association with the Israeli government, which involves cloud-computing services known as “Project Nimbus.” The company alerted the police after sit-in protests at offices in New York and Sunnyvale, California, which […]
