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 […]
US Halts Some Tech Sales to China Amid Trade Tensions
The U.S. administration has recently introduced restrictions that prevent certain American companies from selling semiconductor design software to China. This move targets firms including Cadence, Synopsys, and Siemens EDA, according to multiple industry sources familiar with the matter. These export controls are part of a broader effort by the U.S. government to curb China’s access […]
Why Apple Won’t Make iPhones in the U.S.
Back in 2011, then-President Barack Obama asked Apple’s Steve Jobs what it would take to bring iPhone production back to the United States. More than a decade later, this question has resurfaced under former President Donald Trump, who has demanded that Apple manufacture iPhones domestically or face steep tariffs of up to 25%. Trump’s stance […]
Taylor Swift Subpoenaed in Blake Lively & Justin Baldoni Legal Battle
Taylor Swift has been subpoenaed as part of an escalating legal battle involving actress Blake Lively and actor-director Justin Baldoni. The dispute, centered on the production of the 2024 film It Ends With Us, has already drawn widespread attention, and Swift’s name has now surfaced as part of the ongoing litigation. The Background: A Film, […]
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, […]
Big Tech’s Fight to Stay Relevant
In a rare moment of transparency, tech titans like Meta, Google, and Apple are acknowledging what was once unthinkable: their most iconic products may not hold their dominance forever. Recent revelations from antitrust court proceedings have pulled back the curtain on how rapidly the digital world is changing—and how even the biggest names in tech […]
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 […]
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