On Tuesday, the U.S. Senate advanced a bill that would give ByteDance, the Chinese company that owns TikTok, nine months to sell up the U.S. portion of the app or risk a nationwide ban. On Wednesday, President Joe Biden said… Read More ›
Regulations & Legal
Plans For Factories In Mexico And India Are In Jeopardy Due To Tesla’s Push Towards Affordable Automobiles
It is unlikely that Tesla would make investments in new plants in Mexico or India anytime soon because the company has stated that it will use its current facilities to produce new, more inexpensive vehicles as early as late this… Read More ›
US Consumers In The Lower Income Group Are Stressed Out By Loans As Banks Get Cautious
According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans. According… Read More ›
Coingecko Says That The Anticipated ‘Halving’ Of Bitcoin Has Occurred
The “halving,” which occurs approximately every four years for Bitcoin, the largest cryptocurrency in the world, ended on Friday, according to CoinGecko, a data and analysis company for cryptocurrencies. After that, Bitcoin was comparatively stable, dropping 0.47% to $63,747. The… Read More ›
Proposed Regulations On Limiting Wall Street Bonuses Make A Third Appearance On The Regulatory Agenda
US financial regulators are to try again to control the compensation of Wall Street CEOs, an unfulfilled mandate of the Dodd-Frank Act of 2010 that has kept falling short. The Federal Deposit Insurance Corp (FDIC) intends to vote on a… Read More ›
Stablecoin Tether Gains Traction As A Dollar Substitute In Emerging Markets, According To CEO
Tablecoin Paolo Ardoino, the CEO of Tether, stated on Friday that the company’s recent rise is not due to the desire for cryptocurrency trading, but rather to its use as a substitute for the US dollar in emerging economies. Stablecoins,… Read More ›
Due To Concerns Over Brand Safety, Hyundai Pauses Advertising On X
Hyundai of South Korea announced on Friday that it had stopped running advertisements on X, formerly known as Twitter, and that it is having direct conversations over brand safety concerns with the Elon Musk-owned social media platform. Reuters has requested… Read More ›
Tesla Stock Drops As A Result Of Deutsche Bank Raising Concerns About Robotaxi
On Thursday, Tesla’s stock dropped to its lowest level in over a year as a result of Deutsche Bank expressing concern about the electric carmaker’s growing emphasis on its autonomous vehicle offerings during lean times. In response to the brokerage… Read More ›
Biden Seeks To Triple Import Duties On Steel And Aluminium From China
While touring the crucial swing state of Pennsylvania, President Joe Biden is urging the U.S. Trade Representative to treble the tariff rate that China imposes on imports of steel and aluminium. The president is scheduled to visit the United Steelworkers… Read More ›
According To ACEA, Early Easter Reduced EU New Car Sales By 5.2% In March
Europe’s auto industry group stated on Thursday that new car sales in the EU decreased by 5.2% year over year in March, which was the largest loss since July 2022 and the first decline of the year. The decline was… Read More ›
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