In response to increasing trade tensions, top Chinese officials have made it clear that their focus will remain on domestic affairs. Han Wenxiu, the deputy director of the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of prioritizing three key areas. These areas include the stable and healthy development
Recently, a federal appeals court issued an order temporarily halting the Biden administration from implementing its new student loan repayment plan, known as SAVE. The new plan, which was described as the most affordable student loan plan ever, has faced legal challenges right from the start. The St. Louis-based 8th U.S. Circuit Court of Appeals
Ford Motor Company recently made an announcement regarding their plans to expand production of their large Super Duty trucks. This decision comes as a surprise to many, as the Canadian plant where this expansion will take place was initially intended to be converted into an all-electric vehicle hub. The company will be investing approximately $3
Penn Entertainment recently announced a significant decision to lay off approximately 100 employees as part of its strategic focus on the growth of ESPN Bet. This move comes in the wake of the company’s acquisition of Canadian media and gaming giant, theScore. With a workforce of around 20,000 employees, this decision is aimed at enhancing
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, has set a new record in the world of paleontology. Griffin recently made headlines by purchasing a late Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. The price tag on this incredible fossil makes it the most valuable ever sold
When it comes to purchasing an electric vehicle (EV) in the United States, there is a $7,500 federal tax credit available for qualifying buyers. This tax credit, known as the “new clean vehicle” tax credit, has certain requirements that must be met in order for consumers to claim it. For example, the EV must be
Volvo Cars experienced a significant increase in operating profit for the second quarter, leading to a surge in its shares. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% increase from the previous year. This performance was historic for the company, with the highest-ever figure recorded for an individual
Many renters may not realize that they are financially capable of purchasing a home. In 2022, 39% of families in the U.S. were renters, with approximately 7.9 million of those families deemed “income mortgage-ready,” according to Zillow. This means that these families could have comfortably paid a mortgage payment that accounts for 30% or less
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations for the second quarter of the year. The company reported a revenue of 673.51 billion New Taiwan dollars (approximately $20.82 billion), surpassing the NT$657.58 billion expected by LSEG consensus estimates. Additionally, TSMC’s net income stood at NT$247.85 billion, outperforming the NT$238.8 billion LSEG SmartEstimate. This
Nokia, a Finnish telecom company, experienced a significant setback in its second-quarter operating profit. The company reported a 32% drop in operating profit, primarily attributed to weak demand for its 5G equipment. This led to a sharp decline in the firm’s Helsinki-listed stock, with an 8% decrease shortly after the market opened in London. The