Entrepreneurship 79
Tesla’s U-Turn: Why Elon Musk Now Backs the EV Tax Credit He Once Criticized
Tesla, once a vocal opponent of electric vehicle tax credits, is now pushing for their preservation as the U.S. Senate debates a new budget proposal that could significantly impact the EV industry. Elon Musk, who just last year argued for removing all industry subsidies—including those for EVs—has changed his stance in light of Tesla’s recent […]
Historic Shipping Slowdown from China to California
In an unprecedented shift not seen since the height of the pandemic, not a single cargo ship departed China for California’s primary ports—Los Angeles and Long Beach—for a full 12-hour period. This rare event underscores a growing disruption in global trade dynamics, largely driven by rising geopolitical tensions and new trade tariffs. Earlier this week, […]
Japan Slashes Growth Forecast Amid Global Trade Tensions
Japan’s central bank has issued a sobering economic forecast, reflecting growing concern over the impact of rising global trade tensions. On Thursday, the Bank of Japan (BOJ) halved its projected economic growth for 2025 to just 0.5%, a steep decline from the earlier estimate of 1.1% made in January. The central bank also downgraded its […]
U.S. Economy Faces Slowdown Amid Tariffs and Uncertainty
The U.S. economy faced a challenging start to the year, with many signs pointing to its worst quarter since the height of the Covid-19 pandemic. A combination of President Donald Trump’s sweeping trade policies, including tariffs, and growing uncertainty among businesses and consumers, contributed to a slowdown in economic activity. The Commerce Department was set […]
OpenAI Fights Back: Countersues Elon Musk Over Harassment & Fake Takeover
OpenAI has filed a countersuit against Elon Musk, alleging a pattern of harassment and interference in the company’s operations. In legal documents submitted on Wednesday to the U.S. District Court for the Northern District of California, the artificial intelligence firm asked the court to block Musk from further “unlawful and unfair” actions as tensions escalate […]
BYD Surpasses Tesla with Over $100 Billion in Annual Sales
China’s electric vehicle (EV) powerhouse, BYD, has solidified its position as a global leader, generating 777 billion yuan ($107 billion) in revenue for 2024. This marks a significant leap ahead of Tesla, whose annual earnings reached $97.7 billion. BYD’s impressive growth highlights its dominance in the clean-energy vehicle market, driven by increasing demand for both […]
CFPB’s Decline Sparks Concerns Over Consumer Protection and Risky Lending
The Consumer Financial Protection Bureau (CFPB), established in response to the 2008 financial crisis, has played a pivotal role in ensuring consumer protection. Its mission has been to safeguard consumers from predatory lending, deceptive financial products, and unfair banking practices. Since its inception as part of the Dodd-Frank Act, the CFPB has delivered $19.7 billion […]
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