Recently, electric vehicle maker Tesla settled a racist discrimination lawsuit with Owen Diaz, a Black man who worked as an elevator operator at its Fremont, California factory in 2015. The federal jury had previously awarded Diaz $3.2 million in damages. Diaz was represented by Attorney Lawrence Organ from the California Civil Rights Law Group, who
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Meal delivery giant Deliveroo recently reported a staggering loss of £31.8 million in its full-year results, a slight improvement from the previous year’s eye-watering £294.1 million loss. However, this dismal financial performance seems to be taking a turn for the better, with adjusted earnings reaching £85.4 million, exceeding the company’s expectations. This positive trend represents
In most economies, inflation is beginning to loosen its grip, prompting investors to closely monitor interest rate decisions. The Economist Intelligence Unit recently reported that while rates are expected to remain elevated in 2024, there is a forecast for a mild rollback in the latter part of the year. Central banks in several countries had
The recent crisis involving Boeing’s Max airplanes has prompted some of the aircraft manufacturer’s biggest customers to reassess their growth plans for the foreseeable future. Southwest Airlines, known for operating a fleet of Boeing 737s, has adjusted its 2024 capacity forecast due to a decrease in expected Boeing deliveries. The airline initially anticipated receiving 79
Japan recently averted a technical recession as revised official data showed that the economy returned to growth in the October-December period last year. The upward revisions were not as strong as expected, with private consumption remaining weak. The economy expanded by 0.4% in the fourth quarter compared to a year earlier, falling short of the
Saudi Arabia’s state oil giant Aramco recently reported a 25% decline in profit for the year 2023, with net income dropping to $121.3 billion from $161.1 billion in the previous year. Despite this decrease, it is noteworthy that this figure still represents the second-highest net income on record for Aramco, surpassing many of its largest
Artificial intelligence has been a game-changer for many technology companies, but the benefits of AI extend beyond the tech sector. According to Nancy Tengler, chief executive officer and chief investment officer of Laffer Tengler Investments, old economy companies that are embracing digital and generative AI are set to experience significant growth and improved profit margins.
