China’s push towards developing robotaxis is garnering attention from consumers, with companies like Baidu’s Apollo Go making strides in the industry. While major Chinese cities are supporting this innovative technology, taxi drivers are growing increasingly worried about losing their jobs due to the rise in competition. The introduction of fully autonomous driving taxi experiences in
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The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their involvement as intermediaries in negotiating prices for essential medications like insulin. According to a source familiar with the matter, the FTC’s contention is that these companies’ practices contribute to inflated costs for patients. The three pharmacy benefit
Costco, the membership-based warehouse club, announced a membership fee increase of $5 in the U.S. and Canada starting on September 1st. This means that annual memberships will now cost $65, up from $60. Additionally, the higher-tier plan, known as “Executive Membership,” will see an increase to $130 per year from $120. This fee hike will
Wall Street is abuzz with anticipation as a new wave of cryptocurrency exchange-traded funds is set to hit the market, this time focused on ethereum. The spotlight is on spot ether ETFs, which could be launched as early as this week pending approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s chief investment
With NASA astronauts docked at the International Space Station for far longer than planned, there is an acknowledgment from the agency’s leadership about potential alternatives to Boeing’s Starliner for returning the crew to Earth. Despite this, officials still consider Boeing’s spacecraft as the primary option for the return. Starliner capsule “Calypso” is expected to return
Medical debt has been a significant concern for many Americans, with unpaid balances posing a financial burden on individuals and families. According to new research by the Urban Institute, the share of people with medical debt in collections that appears on their credit reports has decreased over the past decade. In 2013, 19.5% of Americans
The upcoming presidential election between President Joe Biden and former President Donald Trump has left many investors feeling anxious about the potential impact on their finances. A survey conducted by investment company Betterment revealed that 57% of investors are feeling nervous about the election, with 40% expecting to make investment decisions based on the outcome.
In a recent report by Bank of America, it was revealed that nearly half of Gen Zers between the ages of 18 and 27 rely on financial assistance from their parents. This staggering statistic highlights the challenges that many young adults face when it comes to making ends meet in today’s high-cost of living environment.
The U.S. Federal Reserve is considering a cut in interest rates, which could have significant implications for the strength of the U.S. dollar and impact international travels for Americans. It’s well-understood that rising interest rates in the U.S., compared to other nations, can lead to a stronger dollar, making it more favorable for Americans to
President Joe Biden’s push for widespread student loan forgiveness has taken center stage in the political arena as the election draws near. The potential forgiveness of debt for millions of federal student loan borrowers could have a significant impact on voter sentiment and opinions. The timing of the final rule on student loan relief, set
