BYD, the Chinese electric vehicle maker, has narrowed down its choices for the location of its new manufacturing plant in Mexico to three states. The firm’s country head, Jorge Vallejo, revealed that they are currently reviewing a variety of proposed incentives offered by these states. These incentives include fiscal benefits, land offerings, management assistance, and
Wall Street
State Street has joined forces with Swiss crypto company Taurus to introduce new digital asset services catering to the rising institutional demand for such investments. This move comes as cryptocurrencies continue to gain traction within the financial system, prompting institutions to explore options for hedging inflation and diversifying their portfolios. State Street, a leading provider
The tension in the Middle East has led to international airlines taking precautionary measures to ensure the safety of their passengers and crew. These airlines have either suspended flights to the region altogether or have adjusted their flight paths to avoid affected air space. The following is a list of some of the major airlines
The freight rail network in Canada is currently facing a major threat as the country’s two largest railroad operators, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), have issued lockout notices to the Teamsters union representing nearly 10,000 workers. If last-minute deals are not reached, both CN and CPKC plan to lock out
The stock market experienced a day of mixed gains and losses as investors analyzed the latest Consumer Price Index (CPI) data. While the S&P 500 managed to edge higher, closing with a modest gain of 0.38%, the day started with optimism due to the headline July CPI figure coming in slightly below expectations. This marked
The recent ruling by the 9th U.S. Circuit Court of Appeals in San Francisco has left many questioning the implications for children’s online safety and free speech rights. The injunction blocking the California Age-Appropriate Design Code Act, which was intended to shield children from harmful online content, has been the subject of much debate. The
Deutsche Bank’s attempt to settle with shareholders who sued the bank for underpaying them for the acquisition of Postbank has hit a roadblock. The lawyer representing the plaintiffs, Jan Bayer, dismissed the bank’s offer as inadequate, referring to it as a “crackhead” offer that stands no chance of acceptance. This rejection sets the stage for
The U.S. stock index futures saw a slight rise on Wednesday evening, following positive momentum on Wall Street upon the release of data showing a cooling in consumer inflation during July. This development raised expectations for a reduction in interest rates by the Federal Reserve. The softer-than-expected inflation readings this week have fueled speculations that
Australia’s corporate regulator, ASIC, has filed a lawsuit against the country’s bourse operator, ASX Ltd, for allegedly making deceptive statements regarding the timeline to replace its trading platform, Clearing House Electronic Subregister System (CHESS). ASIC claims that ASX’s statements about the project’s progress and timeline were misleading and deceptive. ASIC alleges that ASX’s claims that
When Republican presidential candidate Donald Trump was set to have an interview with billionaire entrepreneur Elon Musk on the social media platform X, things didn’t go as planned. The live stream faced technical difficulties right from the beginning, leaving many users unable to access it. Musk had to postpone the event due to a massive
The U.S. stock index futures were rangebound in evening deals on Sunday, showing some stability after experiencing wild swings last week. The focus is currently shifting towards key inflation data that is set to be released this week. Last week saw steep losses initially, but the week ended with the market mostly flat due to
At the recent D23 Disney fan event, Walt Disney unveiled plans for a new ‘Avatar’ experience at its Disney California Adventure theme park. This new attraction will be based on the upcoming film, “Avatar: The Way of Water,” the second installment in the popular science fiction franchise. Along with this, a show highlighting the life
Disney has once again solidified its position as a powerhouse in the entertainment industry, with the success of films like “Inside Out 2” and “Deadpool & Wolverine.” This comes after the company faced challenges and setbacks, including losing its status as the highest-grossing studio in 2023. However, with the recent box office hits, Disney has
The recent security threat at the Ernst Happel Stadium in Vienna, Austria, has led to the cancellation of three highly anticipated Taylor Swift concerts. The cancellation has not only disappointed the 195,000 fans expected to attend but has also left insurers facing millions of dollars in claims. Barracuda Music, the concert organizer, announced that all