Federal Reserve Governor Michelle Bowman recently delivered remarks that deviated slightly from her usual hawkish tone. She acknowledged some progress in inflation in the past few months, which she deemed “welcome.” Despite this progress, she stressed that inflation remains “uncomfortably above” the central bank’s 2% target and is still susceptible to upside risks. Call for
Mahindra & Mahindra’s collaboration with China’s Shaanxi Automobile Group to establish a $3 billion joint venture to build a car manufacturing plant in India is a significant development in the automotive industry. The majority ownership by Mahindra and the location in Prime Minister Narendra Modi’s home state of Gujarat indicate strategic decision-making and potential benefits
The tech industry suffered a great loss with the passing of former YouTube CEO Susan Wojcicki at the age of 56. Wojcicki, who also played a significant role in Google’s early days, was a trailblazer for women in Silicon Valley. She led YouTube for almost a decade, making her one of the few female CEOs
In the race to secure clean energy to power artificial intelligence, tech companies are increasingly looking to directly connect data centers to nuclear plants. This move has sparked resistance from some utilities over the potential impact on the electric grid. Data centers are essential to U.S. economic competitiveness and national security, especially as the country
Disney has once again established itself as a powerhouse in the entertainment industry, reclaiming the top spot at the summer box office with a string of highly successful films. Through the release of box office hits such as Pixar animation’s “Inside Out 2” and Marvel’s “Deadpool & Wolverine,” Disney has proven its ability to captivate
In a recent ruling, the St. Louis-based 8th U.S. Circuit Court of Appeals extended an order blocking President Joe Biden’s administration from further implementing a student debt relief plan aimed at reducing monthly payments for millions of borrowers and expediting loan forgiveness for some. The court granted an injunction requested by seven Republican-led states, arguing
As the week came to a close, the S&P 500 showed resilience, ending on a positive note despite a tumultuous start. The market had been rattled by fears of a recession and concerns surrounding the unwinding of a global yen-funded carry trade. The technology sector emerged as a saving grace on Friday, providing the index
Automaker Stellantis recently announced its plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. The decision comes as the company shifts its focus towards newer models and streamlining operations. The discontinuation of the Ram 1500 “Classic” vehicle
The recent cancellation of three Taylor Swift concerts in Austria due to a foiled attack has left insurers facing millions of dollars in claims. The cancellation not only impacted the concert attendees, also known as “Swifties,” but it also put a financial strain on insurance providers. Despite several providers sharing the hit, the magnitude of
In a surprising move, Venezuelan President Nicolas Maduro issued a 10-day ban on the social networking platform X, citing violations of the country’s laws. The ban came after a heated exchange with tech mogul Elon Musk, who accused Maduro of election fraud. Maduro vs. Musk The feud between Maduro and Musk escalated when Musk called