European car manufacturers are currently facing a myriad of challenges as they navigate the path towards full electrification. The initial enthusiasm for the complete adoption of electric vehicles (EVs) has been met with a dose of reality, with companies like Volvo Cars adjusting their plans in response to changing market conditions. Aiming for between 90%
US
A disturbance in the Gulf of Mexico is anticipated to escalate into a tropical storm as early as Monday and could further intensify into a hurricane before making landfall along the U.S. Gulf Coast by midweek. Tropical storm watches have been issued for northeastern Mexico and southern Texas as Potential Tropical Cyclone Six continues its
Boeing and the union representing 33,000 workers have reached a new labor agreement. The deal, which comes just in time to avoid a potentially costly strike at Boeing’s main factories, includes significant improvements for workers. The tentative agreement features a 25% raise over four years, along with enhancements to health-care costs and retirement benefits. Additionally,
The news that former President George W. Bush will not be endorsing a candidate for president in the upcoming election has raised many eyebrows. His office declared that he has retired from presidential politics and will not be publicly endorsing any candidate in this election. This decision has left many wondering about the motivations behind
Upon review of the recent August jobs report, it is evident that the U.S. economy created slightly fewer jobs than anticipated. Nonfarm payrolls expanded by 142,000, which was lower than the 161,000 consensus forecast from Dow Jones. This reflects a slowing labor market, raising concerns about the overall health of the economy. While the unemployment
The private sector payrolls experienced the weakest pace of growth in more than three-and-a-half years in August, according to ADP. Only 99,000 workers were hired during the month, falling short of expectations and marking a significant decline from the previous month. This slowdown in job growth indicates a concerning trend in the labor market, characterized
Recently, two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, have raised concerns about the safety practices of “foreign-owned” e-commerce platforms like Shein and Temu. They specifically highlighted the alleged sale of “deadly baby and toddler products” on these platforms, prompting a call for a thorough investigation. The focus of this inquiry
The latest data analyzing U.S. factories in August is pointing towards a continued slowdown in the manufacturing sector, sparking concerns about the overall health of the economy. The Institute for Supply Management reported that only 47.2% of purchasing managers reported expansion during the month, falling below the breakeven point of 50%. This figure, although slightly
In a surprising turn of events, Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision was made in response to X’s defiance of court requests to take down accounts or posts that were deemed to violate Brazil’s laws on political misinformation and
Tulsi Gabbard, a former Democratic Rep. and supporter of Republican former President Donald Trump, has been actively advising the GOP nominee on his campaign strategy. Gabbard’s recent suggestion to focus on Vice President Kamala Harris’ policy shifts during an upcoming debate raises interesting points for consideration. Through her previous experiences and direct interactions with Harris
