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Tesla Faces Sharp Decline in European Sales Amid Rising Competition and Political Backlash

Tesla’s grip on the European electric vehicle (EV) market is slipping. The company saw a dramatic 53% drop in new vehicle registrations across the European Union in April compared to the same month last year, according to data released Tuesday by the European Automobile Manufacturers’ Association (ACEA). In the broader European region — including the UK, Norway, and Switzerland — sales plummeted…

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Senator Presses Spotify Over Fake Podcasts Promoting Illegal Drug Sales

U.S. Senator Maggie Hassan is demanding answers from Spotify after reports revealed that the streaming platform hosted fake podcasts promoting the sale of prescription drugs without proper oversight. The controversy emerged following investigations by CNN and Business Insider, which found that numerous podcasts were advertising online pharmacies allegedly selling drugs like Adderall and…

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Will Massive Gulf AI Deals Strengthen US Leadership in Global AI Race?

President Donald Trump’s recent visit to the Middle East has sparked a wave of major AI agreements that could reshape the global tech power balance and reinforce the United States’ leadership in artificial intelligence. On May 12, Saudi Arabia’s Public Investment Fund launched a new AI startup called Humain, backed by key US tech giants Nvidia, AMD, and Qualcomm. These companies will supply…

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Jamie Dimon Warns of Potential Stagflation in the U.S. Amid Global Economic Pressures

JPMorgan Chase CEO Jamie Dimon has warned that stagflation — a troubling mix of stagnant economic growth and rising inflation — remains a real risk for the United States. Speaking during an interview with Bloomberg Television in Shanghai, Dimon emphasized that while he isn’t predicting stagflation, it’s something the U.S. should be prepared for. “There’s a chance that we’ll have stagflation,”…

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Nike Returns to Amazon and Raises Prices Amid Sales Slump

After more than five years away, Nike is making a comeback on Amazon while also increasing prices on select products in an effort to boost slowing sales. The athletic apparel giant had pulled its products from Amazon in 2019 to focus on direct-to-consumer sales via its own website and a limited number of third-party retailers. However, facing declining revenue, Nike is now re-expanding its retail…

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Workday Faces Lawsuit Over Alleged Age Discrimination in Hiring AI

Human resources tech company Workday is at the center of a growing legal battle over claims that its AI-based hiring tools discriminate against older job applicants. A California district judge has given the green light for the lawsuit to proceed as a collective action, a move that could have major implications for how companies use artificial intelligence in recruitment. The case was originally…

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Who Gains the Most from the State and Local Tax Deduction—and Why Raising the Cap Is So Divisive

Raising the current $10,000 cap on the state and local tax (SALT) deduction could offer significant relief to millions of taxpayers. However, the move has sparked deep divisions among lawmakers, threatening to stall a broader tax bill that aligns with former President Donald Trump’s agenda. This legislation aims to make permanent many of the individual tax cuts introduced in the 2017 Tax Cuts and…

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Home Depot Holds Steady on Prices Despite Tariffs, Unlike Rivals

Home Depot has announced that it will not raise prices in response to tariffs imposed during President Donald Trump’s ongoing trade war—a move that contrasts sharply with many of its retail competitors, including Walmart. Chief Financial Officer Richard McPhail told CNBC that the home improvement giant will maintain its current pricing strategy, thanks to its large scale, strong supplier…

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Grok’s “White Genocide” Rant Highlights the Real Risks of the AI Arms Race

It’s been a year since Google’s AI famously advised people to eat glue and top their pizza with rocks — a moment many dismissed as just another harmless AI hallucination. But things have only gotten worse. Despite promises of safer, smarter AI, today’s large language models (LLMs) are still riddled with the same old issues — and now, they’re being pushed into more areas of our lives, often…

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CBS News Faces Turmoil Amid Trump Pressure and Executive Shake-Up

CBS News is experiencing deep internal turmoil as pressure from former President Donald Trump and looming corporate decisions threaten the newsroom’s independence. Sources inside the network describe a climate of fear and uncertainty following the sudden resignation of CBS News chief Wendy McMahon, who reportedly defended the integrity of the news division against pressure from CBS parent company…

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China imposes anti-dumping duties on industrial plastics

China has announced anti-dumping duties of up to 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan, and Taiwan. The decision follows a probe initiated in May 2024, shortly after the US imposed higher tariffs on Chinese electric vehicles, computer chips, and other products. POM copolymers, which can partly substitute metals like…

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Regeneron to Acquire Bankrupt DNA Testing Company 23andMe for $256 Million

Regeneron Pharmaceuticals announced Monday that it will acquire DNA testing company 23andMe for $256 million through a bankruptcy auction. As part of the deal, Regeneron emphasized that it will adhere to 23andMe’s privacy policies and comply with all relevant laws concerning the use of customer genetic data. The company also stated it is prepared to explain its intended data usage to a…

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Moody’s Downgrade Sparks New Wave of ‘Sell America’ Concerns

Wall Street is once again jittery about American investments after Moody’s issued a major warning about the safety of U.S. debt, downgrading the country’s credit rating late Friday. This marks the first time since 1917 that Moody’s has lowered America’s rating, stripping it of its perfect AAA status due to soaring debt levels and ongoing political gridlock over deficit reduction. Markets reacted…

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Victims of Deepfake Porn to Gain Federal Protection Under New U.S. Law

A landmark federal law targeting the rise of non-consensual, explicit deepfakes is set to take effect, offering long-awaited justice and protections for victims. President Donald Trump is expected to sign the Take It Down Act during a White House ceremony on Monday, signaling a strong bipartisan response to the growing misuse of AI-generated sexual imagery. The law criminalizes the online sharing…

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Fox News Scores Legal Win in Smartmatic Defamation Lawsuit

Fox News secured a significant legal victory in its ongoing defamation battle with voting technology company Smartmatic. A New York appeals court ruled Tuesday that the network is entitled to receive internal documents related to a federal bribery case involving Smartmatic executives — a reversal of a lower court’s previous decision. Fox News argues the documents, linked to a Justice Department…

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Apple May Quietly Raise iPhone Prices This Fall — Without Blaming Tariffs

Apple could be gearing up to increase iPhone prices this fall — but it might do so in a way that avoids attracting too much attention or backlash, especially from political circles. With tariffs imposed by the Trump administration potentially affecting Apple’s bottom line, analysts believe the company is considering subtle ways to adjust pricing for its upcoming iPhone lineup. According to a…

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Apple May Owe You Money – Here’s How to Claim It

If your Siri ever activated unexpectedly during a private conversation, you might be entitled to a payout from Apple. This potential payment comes from a $95 million class action settlement involving allegations that Apple’s voice assistant, Siri, was unintentionally triggered and recorded users without their consent. Apple denies the claims but agreed to the settlement. Who’s Eligible? To…