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BUSINESS

  • Black Friday in the U.S. is gloomy, consumers don't open their wallets…"I need to discount more". Consumers are not opening their wallets on Black Friday in the U.S. as they have in the past. This year's Black Friday is expected to be weaker than expected for retailers as consumers wait for bigger discounts...
  • U.S.-Eurozone inflation at 2-year low... Is it going to be a brake on austerity? US October Core PCE Inflation 3...
  • 45% of Americans "don't believe in the American Dream...it's a thing of the past." What happened? Americans' distrust of American society is on the rise. Only 36% of Americans believe in the so-called "American Dream" - that anyone can succeed if they work hard enough...
  • Florida court finds Tesla negligent.. What kind of vehicle defect is the problem? A judge in the U.S. Circuit Court for Palm Beach County, South Florida, has ruled in favor of Tesla on November 22, 2023, finding that the company knew its driving assistance system was defective and allowed drivers to use it...
  • Volvo FH Electric Makes History as the 2024 International Truck of the Year Volvo FH Electric named 2024 International Truck of the Year, first electric truck to win; recognized for performance and technology.
  • Electric Vehicle Sales Skyrocket in the U.S., Nearing 1.4 Million Units US electric vehicle sales set to reach record high at 9% of total passenger car sales in 2023, boosted by incentives and price competition.
  • Elon Musk Calls Sweden Tesla Strike 'Insane' Swedish Tesla strike grows, impacting operations; Elon Musk opposes unions, potential delivery disruption.
  • Can Electric Cars Really Save Us? Startling Insights Revealed Electric vehicle sales vary globally, with South Korea lagging behind while Europe and the U.S. see significant growth.
  • Ford Puts EV Plans on Diet: $3.5 Billion Battery Factory in Michigan Shrinks by 40% Ford resumes its Michigan electric car battery factory construction but scales back, citing slower EV demand.
  • OpenAI Employees Pull Off Shocking Coup to Bring Back CEO OpenAI CEO reinstated after employee pressure and threats of mass resignations, showcasing tech industry's talent value.
  • US Court Suggests Tesla Knew About Autopilot Flaws, Stock Price Drops US court allows punitive damages in Tesla Autopilot crash case, suggesting company knowledge of flaws, impacting stock price.
  • Warren Buffett Gives Thanks with $870 Million Donation to Family-Run Foundations Warren Buffett donated $870 million in Berkshire Hathaway stocks to family charitable foundations for Thanksgiving.
  • Sam Altman's Return as OpenAI CEO Sends Worldcoin Price Surging 4% Sam Altman's return as OpenAI CEO led to a 4% surge in Worldcoin (WLD) price after a tumultuous series of events.
  • Toyota Accelerates Growth in India: New $400 Million Plant in the Works Toyota's Indian subsidiary invests $5.3 billion in a new factory in Karnataka to meet growing demand for hybrid and electric vehicles.
  • Tesla and Musk Knew About Autopilot Issue: 'Reasonable Evidence' Found U.S. court allows punitive damages in Tesla Autopilot crash case, suggesting possible company awareness of flaws; stock price drops.
  • Altman, Jobs, Musk: What Do They Have in Common? Founders ousted from tech companies: Steve Jobs (Apple), Elon Musk (PayPal), Martin Eberhard (Tesla), Noah Glass and Jack Dorsey (Twitter).
  • Binance, the world's largest virtual currency exchange, agrees to pay $5.7 billion fine, withdraw from U.S. market. AsiaToday By Haman Joo Washington Correspondent = Binance, the world's largest virtual currency exchange, pleaded guilty to charges of brokering transactions with U.S. government sanctioned entities such as North Korea and failing to have anti-money laundering systems in place, and paid the largest fine in its history.
  • U.S. existing home sales at 13-year low in October…The cause is the influence of ‘this’. Sales at the end of October were down 5...
  • OpenAI Controversy Benefits Microsoft as Altman Joins New AI Division Microsoft's unique AI position solidifies with former OpenAI CEO Sam Altman joining its team, bolstering its AI prowess.
  • Elon Musk's Anti-Semitic Comments Trigger White House Move to Meta's Thread Elon Musk's anti-Semitic remarks led to ad boycotts, criticism from shareholders, and White House switching platforms.
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