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.
Industry
US East and Gulf Coast Port Workers Set to Strike, Threatening $5 Billion Daily Economic Loss
US East and Gulf Coast port workers plan to strike at Tuesday, potentially halting half of the nation's shipping and costing the US economy $5 billion daily due to a standoff over pay.
Telegram to Hand Over User Information to Authorities Following CEO's Arrest; Users Concerned About 'Free Speech'
Telegram will begin sharing user data with authorities in response to legal requests, raising concerns over free speech, especially for political dissidents using the platform.
Global Stocks Near Record Highs as Fed Cuts Interest Rates
Global stocks are reaching record highs following recent interest rate cuts, while the Japanese yen weakened as the Bank of Japan opted not to raise rates, contrasting with trends in the US and UK.
Top 5 Most Expensive Buildings in the World + Why They Were Built
Countries showcase their culture and history through architecture. Here are the top 5 most expensive buildings in the world and why they were built.
Latest News
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 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'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.
The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
US crude oil prices rose to $74.92 per barrel on Thursday, driven by supply disruptions in Libya and weak demand from China.
Eli Lilly is launching a lower-priced version of its weight loss drug Zepbound to increase access and combat counterfeit versions.
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.
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.
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.
