President Joe Biden is set to make a visit to the battleground state of Nevada to address the issue of high rents, which the White House believes are being artificially inflated by corporate landlords. This move is part of Biden’s strategy to shift the blame for the rising cost of living away from his administration
In a recent announcement, Ferrari CEO Benedetto Vigna unveiled plans for the luxury carmaker’s first fully electric vehicle set to launch in 2025. Assuring consumers that the electric vehicle will maintain the signature Ferrari roar, Vigna emphasized the company’s commitment to preserving performance, design, and driving experience in their EV range. Unlike traditional electric vehicles
In recent years, artificial intelligence has made its way into the architecture industry, particularly in the realm of housing design. One groundbreaking example of this innovation is Vitruvius, an AI program developed by ICON, the company behind the first fully 3D-printed housing developments in the U.S. Vitruvius aims to revolutionize the way consumers design custom
Renowned filmmaker and Hollywood icon George Lucas has thrown his weight behind Walt Disney CEO Bob Iger in the ongoing proxy battle with activist investor Nelson Peltz. With 37.1 million Disney shares acquired during Disney’s acquisition of Lucasfilm in 2012, Lucas now holds the position of the largest individual investor in the company. The endorsement
Bentley Motors, known for its luxurious vehicles, has announced a change in its plans to transition to exclusively offering all-electric vehicles by the end of the decade. The CEO, Adrian Hallmark, mentioned that the company is facing challenges in achieving this goal due to changing market conditions and a delay in the release of its
Hindenburg Research has made a name for itself in the world of public activist short-selling, taking on big-name companies and causing significant disruptions in their share prices. Founded by Nate Anderson, this New York-based firm has gained a reputation for its boldness and fearlessness, going after prominent figures like Carl Icahn and Gautam Adani. Short
The Federal Reserve is expected to maintain interest rates following its two-day meeting, despite speculation that rate cuts are on the horizon. The rate hike cycle implemented by the Fed in 2022 and the first half of 2023 resulted in elevated consumer borrowing rates and increased inflation, placing significant pressure on households. Credit scoring company
Donald Trump is facing a tough financial situation as his lawyers have indicated that he does not have enough cash to obtain an appeal bond to prevent New York’s attorney general from seizing his real estate assets. This comes after a civil fraud judgment of $454 million was issued against him. Trump’s legal team has
United Airlines CEO Scott Kirby recently took steps to reassure customers about the safety of the carrier following a series of flight incidents in recent weeks. One of these incidents involved a tire falling from a Japan-bound Boeing 777 shortly after takeoff, causing damage to cars in a San Francisco airport parking lot. Another incident
Losing a spouse is an emotionally challenging experience, and it can become even more difficult when faced with an unexpected financial burden – higher taxes. Data from the Centers for Disease Control and Prevention shows that there is a significant life expectancy gap between U.S. sexes, with women living longer than men. This gap often