Walmart (WMT) has shown strong performance during the 2024 holiday season, with a 4% year-over-year revenue increase and a 4.6% spike in U.S. comparable sales, driven by higher […]
Economy
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Trump’s regulatory rollback gives automakers a choice on EVs. Will they change course?
Washington — The Trump administration’s efforts to ease emissions and fuel economy rules may allow U.S. automakers to slow their electric vehicle (EV) plans. However, industry experts warn […]
Economy
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Billionaire Warren Buffett Builds Record $334 Billion Cash Position Amid Equity Sell-Off
Investing legend Warren Buffett has accumulated a record $334 billion cash position at Berkshire Hathaway, according to the company’s latest fourth-quarter and annual earnings reports. Buffett has continued […]
Economy
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Trump tariffs promise chaos, but China’s Xi Jinping may be the biggest threat to the global economy, former Treasury official warns
A former Treasury official has warned that while Trump’s tariffs are expected to create significant disruption, Chinese President Xi Jinping could pose the most substantial risk to the […]
Economy
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FDA Begins to Rescind Firings, Calls Some Employees Back to Work
The FDA has started reversing termination notices for some employees who were laid off, asking them to return to work after mass firings a week ago. The affected […]
Economy
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Delta faces lawsuits over Toronto plane crash — after offering passengers $30K
Delta Air Lines is facing legal action following a crash in Toronto, despite offering $30,000 to each passenger aboard the flight. The first lawsuits have been filed, with […]
Economy
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Warren Buffett warns Washington as Berkshire reports record profit
Berkshire Hathaway, led by Warren Buffett, reported a record annual operating profit of $47.44 billion, up 27%, and a quarterly profit of $14.53 billion, a 71% increase. Despite […]
Economy
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BMW Delays £600m Electric Mini Factory Upgrade Amid Industry Uncertainty
BMW has announced a delay in the reintroduction of electric vehicle production at its Oxford Mini plant. The decision comes as the automotive industry faces multiple uncertainties, prompting […]
Economy
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Musk’s Cost-Cutting Measures Impact Auto Safety Agency and EV Chargers at Federal Buildings
Recent developments indicate that officials have been fired at the traffic safety agency responsible for investigating Musk’s company. The auto safety agency, which oversees his car company, is […]
Economy
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Palantir CEO Alex Karp made nearly $2 billion from selling company stock last year—mostly around the presidential election
Palantir CEO Alex Karp made nearly $2 billion from selling company stock last year, with most of the sales occurring around the time of the presidential election. This […]