Ford Halts EV Production: EV’s Future in Jeopardy?
Ford, which was once pushing for EV production to get ahead of other automakers, is once again slowing down its investment in electric technology and new battery-powered vehicles. Previously, the company announced a big pickup truck and a full-electric three-row electric Sport Utility Vehicle or SUV for its future all-electric lineup. However, the automakers announced…
John David
EU Slashes Tariff Rates: A Winning Move For Tesla?
Recently, the EU imposed import tariffs on China-manufactured automobiles. Among these companies is the biggest automaker in the world, Tesla. However, the EU has curbed its tariffs on Tesla for various reasons. For other car manufacturers, the tariff rate is as high as 36%, but for Tesla, the tariff has been set to 9%, which…
Harris Proposes Raising Corporate Tax Rates To 28%
Vice President Kamala Harris has proposed raising the corporate tax rate from 21% to 28% if she is elected the president of the United States of America in the 2024 presidential elections on November 5. This is her first major plan to raise revenues and finance her expensive presidential pursuits. Harris’s campaign spokesman, James Singer,…
Red Drapes Closes On Paramount’s TV Studio As It Bows Out
The job cut fever is riding high, and many big companies are cutting their workforce to ensure a better and more efficient operational capability. Paramount is the next company to follow the suit. The media giant has announced that it will be closing down its television studio and, as a result, will lay off 15%…
$650 Million Crypto Fraud: SEC Cracks Down with Lawsuit
After reports of another crypto fraud, the US SEC has filed a lawsuit against a crypto company called NovaTech and its co-founder couple. According to the SEC( US Security and Exchange Commission), the founding couple raised over $650 million from around 200,000 investors worldwide, including many Haitian-Americans. The SEC mentioned that the co-founders Cynthia and…
New COO At Helm: Dan Govin Joins Sterling Construction
Sterling Infrastructure Inc. announced on Thursday that Dan Govin has been appointed as the company’s new COO. As the Chief Operating Officer, his job will revolve around executing Sterling’s strategic and operational activities. Dan is a pioneer in the field and brings 30 years of experience in operations and leadership to Sterling Infrastructure. Dan has…
After Revenue Numbers, Disney Faces a Bit of a Conundrum
After a long time, Disney returned to profitability in the third quarter of the financial year, thanks to its streaming business, which made money for the first time ever. The profitable quarter can also be attributed to the strong theatrical performance of their new movie, Inside Out 2. The operating income of Disney’s entertainment segment,…
Google In Big Trouble, Can’t Have Monopoly, Says Judge
A federal court judge has ruled against Google, claiming that the company has monopolized the global web search market. This decision threatens to disrupt one of the biggest companies the world has ever seen and other big techs in general. The judge said that Google pays big companies like Apple and Samsung to make Google…
Boeing to Get A New CEO to Pull Them Out of Crisis
Amid a crisis over quality, Boeing has announced its next CEO. On Wednesday, the company named aerospace veteran Kelly Ortberg their next CEO. Kelly is expected to turn around the planemaker in legal and regulatory problems, which has lost more than $1 billion. Ortberg will start his journey as the CEO of Boeing on 8…
7 Steps To Follow For Starting A Business In USA
Starting a business is the most enthralling and exciting experience a person can have. However, the initial question every start-up founder asks themselves is where to start, and this is one of the most crucial steps for starting a business. Cutting a slack on this step can cost you your dream. According to the Bureau…