As trade tensions continue to escalate globally, top Chinese officials have reiterated the country’s commitment to focusing on its own affairs. Deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, Han Wenxiu, emphasized the importance of prioritizing internal stability and development. He outlined three key areas of focus: the
The Biden administration’s new student loan repayment plan, known as SAVE, has hit a roadblock with a federal appeals court temporarily halting its implementation. This order from the St. Louis-based 8th U.S. Circuit Court of Appeals blocks the entire Saving on a Valuable Education plan, marking a significant setback for the administration. The SAVE plan,
Billionaire investor Ken Griffin made headlines recently when he purchased a late Jurassic stegosaurus skeleton for a staggering $44.6 million at a Sotheby’s auction. This transaction marked a significant milestone as it became the most valuable fossil ever sold at auction. The stegosaurus, named “Apex,” is a 150 million-year-old specimen measuring 11 feet tall and
Penn Entertainment, a major player in the media and gaming industry, has recently announced plans to lay off approximately 100 employees in order to refocus its efforts on growth for ESPN Bet. These changes are aimed at enhancing operational efficiencies following the company’s 2021 acquisition of theScore, a Canadian media and gaming powerhouse. CEO Jay
Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax breaks for EVs. Perhaps the best
Ford Motor’s recent decision to expand production of its Super Duty trucks in a Canadian plant instead of converting it into an all-electric vehicle hub has raised eyebrows and sparked conversations within the automotive industry. The shift in plans, which involves a significant investment of $3 billion, including $2.3 billion at Ford’s Oakville Assembly Complex
When considering whether or not to buy a home, the first step is to assess your financial situation. According to a recent study by Zillow, in 2022, there were millions of renter households who could have afforded to buy a home. However, many renters may not be aware that they are in a position to
The recent second-quarter operating results for Nokia have raised significant concerns among investors and analysts alike. The Finnish telecom company reported a sharp 32% drop in operating profit, largely attributed to weak demand for its 5G equipment. This decline has had a direct impact on the company’s stock price, which saw an 8% decrease shortly
In the second quarter of the year, Taiwan Semiconductor Manufacturing Company (TSMC) exceeded both revenue and profit expectations. The company reported revenue of 673.51 billion New Taiwan dollars, surpassing the expected 657.58 billion New Taiwan dollars. Similarly, TSMC’s net income of NT$247.85 billion exceeded the forecasted NT$238.8 billion. These results showcase the company’s strong performance
JD Vance, the new running mate of U.S. presidential candidate Donald Trump, made headlines with his strong stance on China during his recent speech at the Republican National Convention. Vance emphasized the need to protect the wages of American workers and prevent the Chinese Communist Party from exploiting American citizens to build their own middle