Fifty years ago, an 11-person team got together at Volkswagen’s (VWAGY) – Get Volkswagen AG ADR Report Centre for Future Research in Wolfsburg, Germany. The team had been assembled in response to soaring oil prices and fuel shortages–sound familiar?–and the automaker wanted to explore alternative powertrains that would power Volkswagen’s first all-electric concept vehicle. The group’s…
© Reuters. FILE PHOTO: A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo LIMA (Reuters) – Peru’s central bank raised the country’s benchmark interest rate by 50 basis points to 5.5% on Thursday, the eleventh consecutive hike, as…
© Reuters. FILE PHOTO: People run with Tokyo’s business district in the background, in Tokyo, Japan, April 7, 2021. Picture taken April 7, 2021. REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation moderated in May but yen-based import prices surged at a record annual pace, data showed on Friday, a sign the currency’s…
560,000 Borrowers Will Get Automatic Student Loan Forgiveness, But Others Can Still Apply For Relief
Share to FacebookShare to TwitterShare to Linkedin US President Joe Biden speaks from the Rehoboth Beach Convention Center on June 3, 2022, in Rehoboth … [+] Beach, Delaware. – (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images Last week, the Biden administration announced a sweeping initiative…
Share to FacebookShare to TwitterShare to Linkedin ‘My tech stocks have performed worse than my crypto has,’ says Mark Cuban, one of the billionaires who has become a crypto convert. Getty Images Cryptocurrency hasn’t always found the most welcoming audience among the world’s superrich. Billionaires have been some of the biggest critics, with heavy-hitters like…
House Speaker Nancy Pelosi says the House stands ready to consider a gun bill from the Senate “if it’s life-saving and can make a difference.” (June 9)
Russian Foreign Minister Sergey Lavrov snapped at a Ukrainian journalist after being confronted with claims of Russia stealing Ukraine’s grain.
Is Elon Musk a victim of himself? The CEO of Tesla (TSLA) – Get Tesla Inc. Report, who has become the most influential boss in the world, wants to show his atypical, iconoclastic, and unconventional side almost every day. Musk also plays on his singularity to prove that he does not play in the same…
Ford (F) – Get Ford Motor Company Report and its CEO Jim Farley have one obsession: to beat Tesla (TSLA) – Get Tesla Inc. Report. In launching the start of the F-150 Lightning electric pickup, the clean version of the best-selling F-150, Farley had been clear. “We plan to challenge Tesla and all comers to become…
2/2 © Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. REUTERS/Kim Hong-Ji 2/2 SEOUL (Reuters) – South Korea’s central bank warned on Thursday that greater attention should be paid to the impact of a weaker won on inflation…
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