In May, Americans felt a bit more optimistic about the economy. This shift came after five months of declining confidence, which hit a low point in April. The main reason for the earlier pessimism? Worries about the impact of President Donald Trump's tariffs. The Conference Board's consumer confidence index saw a significant jump of 12. 3 points in May, reaching 98....
Southwest Airlines is shaking things up. Starting with the latest flights booked, passengers will have to pay to check their bags. This is a big deal because Southwest had always let people check two bags for free. Now, it's $35 for the first bag and $45 for the second. There are some exceptions, though. If you're a Rapid Rewards A-List Preferred member, traveling bu...
Tesla is facing a tough time in Europe. Sales dropped by nearly half in April compared to the same month last year. This isn't just a small dip. It's a significant plunge. While the overall electric car market in Europe is growing, Tesla is struggling to keep up. There are several reasons for this drop. One big factor is the backlash against Tesla's CEO, Elon Musk. ...
Volvo Cars, a Swedish auto giant, is making some tough calls. They're planning to cut around 3, 000 jobs. This isn't a small thing. It's a big part of a major plan to save money. The company is owned by Geely Holding, a big player from China. This news came out after they announced a huge cost-cutting plan. We're talking 18 billion Swedish kronor, which is a lot of m...
In China, a fierce price battle is unfolding in the electric vehicle (EV) market. The latest move came from BYD, a major player in the industry. They slashed prices on 22 of their electric and hybrid models. This bold move sent shockwaves through the market, causing the stock prices of several competitors to tumble. BYD's stock took a hit, dropping by 8. 6% in Hong ...
Top brass at Volkswagen have finally faced the music. Four former high-ranking managers were convicted of fraud. They were part of the infamous emissions scandal that rocked the auto world. This scandal was a big deal. It sped up the push for electric cars. The trial lasted over three years. It ended in Braunschweig, Germany. The city is close to Volkswagen's ...
The Dieselgate scandal has been a massive headache for Volkswagen. It all started when the carmaker got caught cheating on emissions tests. The company installed secret software in their diesel cars. This software tricked testers into thinking the cars were clean. But in reality, the cars were spewing out way too many pollutants. This deception sparked a global outcr...
The days of free baggage are coming to an end at Southwest Airlines. This is a big shift for a company known for its customer-friendly policies. For over 50 years, Southwest has let passengers check two bags for free. This perk was a major selling point and set them apart from other airlines. But times are changing, and so is Southwest. Baggage fees are a big money-...
Museums have been turning ancient artifacts into digital products. This has sparked a lot of interest in what makes people want to buy these items. The Value-Based Adoption Model was used to figure out what drives these purchasing decisions. This model looks at how people see the benefits and drawbacks of a product. It also considers how much they value it and how ot...
Elon Musk's companies have seen a mix of gains and setbacks since the Trump administration took office. Some government investigations into his businesses have slowed down or stopped. This has given Musk's firms, especially SpaceX, a chance to get billions in new government contracts. On the global stage, Musk is making deals and getting approvals to operate in other...