Chinese electric vehicle maker BYD has been carefully evaluating potential locations for its new manufacturing plant in Mexico, with three states emerging as top contenders. According to Jorge Vallejo, BYD’s Mexico director general, the company is considering various proposals from these states, which include attractive incentives such as fiscal benefits, land availability, preferential pricing, and
Wall Street
In a bold move to capitalize on the increasing institutional interest in digital assets, State Street has partnered with Swiss crypto company Taurus to offer innovative digital asset services. This partnership aims to provide institutions with the opportunity to tokenize real-world assets, catering to the growing demand for diversified and inflation-hedging investments. As cryptocurrencies become
The recent escalation of tensions in the Middle East has led to international airlines making significant adjustments to their services in the region. Concerns over a wider conflict have prompted airlines to suspend flights to certain destinations or to avoid affected airspace, impacting travel for passengers and disrupting airline schedules. One of the airlines affected
Canada’s freight rail network is currently facing a looming crisis that could have a detrimental impact on the country’s economy. The two largest railroad operators in Canada, Canadian National Railway (CN) and Canadian Pacific (CP) Kansas City, have issued lockout notices to the Teamsters union, representing nearly 10,000 workers. If last-minute deals aren’t reached, these
The stock market experienced a mixture of gains and losses during the recent trading session, prompted by the release of the latest Consumer Price Index (CPI) data. The S&P 500 managed to edge higher, closing with a modest gain of 0.38%. The initial optimism stemmed from the fact that the headline July CPI figure came
In a recent decision, the 9th U.S. Circuit Court of Appeals in San Francisco upheld an injunction that blocked a California law designed to protect children from harmful online content. The law, known as the California Age-Appropriate Design Code Act, required businesses to create reports addressing potential risks to children on their online platforms and
Deutsche Bank’s attempt to settle with shareholders over the underpayment related to the acquisition of Postbank has been met with sharp criticism from the plaintiffs’ lawyer. The offer of 36.50 euros per Postbank share has been labeled as a “crackhead” offer that is deemed “dead on arrival” by Jan Bayer, the lawyer representing the plaintiffs.
The U.S. stock market saw a slight increase in evening trading as a result of lower interest rate expectations due to cooling consumer inflation in July. This trend was further reinforced by softer-than-expected inflation readings earlier in the week, which fueled speculation that the Federal Reserve would start cutting interest rates starting in September. Investors
Australia’s corporate regulator, ASIC, has filed a lawsuit against the Australian stock exchange operator, ASX Ltd, for allegedly making deceptive statements regarding the timeline for the replacement of its trading platform, Clearing House Electronic Subregister System (CHESS). ASIC claimed that ASX’s statements about the progress of the CHESS replacement project were misleading and deceptive, as
Republican presidential candidate Donald Trump’s highly anticipated interview with billionaire entrepreneur Elon Musk on the social media platform X hit a snag on Monday evening. Technical difficulties plagued the live stream, preventing many users from gaining access to the scheduled event. Musk, in a post on X, cited a massive DDOS attack on the platform,