Chinese electric vehicle manufacturers facing tariffs in the U.S. have turned their attention to Mexico as a new market for their high-tech cars. Last year, China became the leading car supplier to Mexico, exporting vehicles worth $4.6 billion. The affordability of Chinese EVs, such as the BYD Dolphin Mini, priced at 398,800 pesos ($21,300) in
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Philadelphia Federal Reserve President Patrick Harker recently made a bold statement supporting an interest rate cut in September. This comes at a time when officials are meeting to discuss the future of monetary policy, with a strong indicator that easing is necessary to prevent potential weakness in the economy. Harker emphasized the need to start
Vice President Kamala Harris has shattered records by raising close to $500 million in just one month following President Joe Biden’s exit from the presidential race. This incredible amount includes contributions to Harris’ campaign as well as various fundraising entities associated with her electoral efforts. There is an anticipation that this number will surge to
Waymo, the leader in the autonomous vehicle industry, has been making waves with its impressive growth. According to a recent LinkedIn announcement by co-CEO Tekedra Mawakana, Waymo is now providing over 100,000 paid robotaxi rides per week in the U.S. This marks a significant increase from the 50,000 weekly paid trips reported just a few
Vice President Kamala Harris has put forward a bold proposal to increase the corporate tax rate to 28%. This move is intended to generate additional revenue to fund ambitious plans and initiatives aimed at benefiting the middle class. By advocating for a higher corporate tax rate, Harris seeks to redistribute wealth and ensure that working
President Joe Biden’s recent decision to end his bid for a second term has significantly reshaped his role at the upcoming Democratic National Convention. While his message will still focus on the importance of the stakes in this election, the narrative has evolved. Instead of seeking reelection, Biden will now advocate for Vice President Kamala
In a recent video, United Auto Workers President Shawn Fain launched scathing criticism against Stellantis CEO Carlos Tavares, accusing him of engaging in price gouging practices and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments reflect a growing tension between the CEO and the union leader following contentious collective
Leadership is a crucial aspect of any institution, particularly in times of crisis or controversy. The recent resignation of Columbia University’s president, Nemat “Minouche” Shafik, underscores the challenges that university leaders face when navigating protests and dissent on campus. In the case of Shafik, her resignation comes after months of criticism over protests on the
The recent report from the Labor Department highlighted that inflation rose as expected in July, primarily driven by higher housing-related costs. The consumer price index, which measures prices for goods and services, increased by 0.2% for the month, resulting in a 12-month inflation rate of 2.9%. Excluding food and energy, the core CPI saw a
The rollout of the new Free Application for Federal Student Aid (FAFSA) has been widely regarded as disastrous, with several issues plaguing the system from the start. According to Beth Maglione from the National Association of Student Financial Aid Administrators, poor planning by the Department of Education has resulted in many college students being left