Finance News
Tesla recalls 120,000 vehicles over potentially faulty doors that could open in a crash

[ad_1] Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday, Tesla acknowledged the affected doors can be unlocked during a crash, which could cause the door to unlatch and open, increasing the risk of injury. Affected […]

Updated: Dec 22, 2023
Houthi attacks on Red Sea likely won’t end anytime soon

[ad_1] Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Houthi Military Media | Via Reuters Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow waterway through which some 10% of […]

Updated: Dec 21, 2023
East Coast prepares for major storm bringing high winds and torrential rain

[ad_1] Jonathan Bachman | Reuters Cities across the eastern U.S. are preparing for a major storm system that will damper weekend plans when it brings torrential rain, high winds and severe thunderstorms to the East Coast. The system will develop in the Gulf of Mexico Saturday and become a prolific rain and wind maker as […]

Updated: Dec 16, 2023
Citigroup closes municipal underwriting and market-making unit, memo shows

[ad_1] The Citigroup Center in midtown Manhattan is shown in this July 14, 2014 photo. Timothy A. Clary | AFP | Getty Images Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters. “The economics of these activities are no longer viable given our commitment to increase […]

Updated: Dec 15, 2023
China is ‘on the verge of deflation’; falling pork prices not helping

[ad_1] Pigs moving about their pen. Vw Pics | Universal Images Group | Getty Images Plunging pork prices in China are pushing the world’s second largest economy closer to deflation, in what could be another blow to its faltering economy. A pork glut drove retail pork prices in China down 31.8% in November compared to […]

Updated: Dec 13, 2023
Rakuten plans to launch its own AI model within next 2 months: CEO

[ad_1] The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to launch its own artificial intelligence language model within the next two months, its CEO told CNBC in an interview that aired Monday. It comes as the […]

Updated: Dec 11, 2023
November consumer prices fall fastest in 3 years

[ad_1] Shoppers peruse vendors’ wares on a street in Beijing Tomohiro Ohsumi | Bloomberg | Getty Images China’s consumer prices fell the fastest in three years in November, while factory-gate deflation deepened, suggesting heightening deflationary pressure as weak domestic demand casts doubts over the economic recovery. The consumer price index (CPI) dropped 0.5% both from […]

Updated: Dec 9, 2023
exports surprise with 0.5% growth in November

[ad_1] YANTAI, CHINA – DECEMBER 5, 2023 – A large number of Chinese-made cars are ready to be loaded for export at Yantai Port in Yantai, Shandong province, China, Dec 5, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images BEIJING — China’s exports unexpectedly ticked […]

Updated: Dec 7, 2023
JPMorgan, Morgan Stanley bet on Chinese e-commerce stock

[ad_1] Wall Street analysts are betting big on one Chinese e-commerce giant: PDD Holdings . Investment firms Morgan Stanley, JPMorgan and Morningstar have all raised their price target for the parent company of discount e-retailers Pinduoduo and Temu. Just last week, PDD Holdings overtook Alibaba to become the most highly valued e-commerce company in China. […]

Updated: Dec 5, 2023
Rep. Don Beyer works toward master’s degree in AI

[ad_1] Rep. Don Beyer, D-Va. Bill Clark | CQ-Roll Call, Inc. | Getty Images WASHINGTON — Don Beyer isn’t the average student at George Mason University. He’s 73 years old. He prefers a notebook and pen to a laptop for note-taking. And he’s a top lawmaker on AI policy in Congress. The Virginia Democrat found […]

Updated: Dec 2, 2023