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. ...
Xiaomi is making a huge move to create its own technology. The company is putting 50 billion yuan, which is about 6. 9 billion dollars, into making its own chips over the next decade. This is a big deal because it shows that Xiaomi is serious about not relying on other countries for important parts of its products. The trade war between the U. S. and China has m...
The U. S. economy is feeling the strain of the ongoing trade war. The job market has shown signs of slowing down. This is happening as the president's trade policies start to impact the broader economy. In April, the number of new jobs created was 177, 000. This is a slight decrease from the previous month. The unemployment rate remained steady at 4. 2%. This is desp...
The stock market's recent upswing is losing momentum. Friday's trading saw a mix of gains and losses, wrapping up a week of volatility. The S&P 500 dipped slightly, with nearly three-quarters of its stocks falling. The Dow Jones Industrial Average dropped by 237 points, or 0. 6%, while the Nasdaq composite saw a modest gain of 0. 3%, thanks to a few big tech stock...
Tesla's first quarter of 2025 was a bumpy ride. The electric car giant managed to stay in the green, but it was a close call. The company's CEO, Elon Musk, has been heavily involved in politics, and this has taken a toll on Tesla's finances. A global trade war and an aging product lineup have also played a part in the company's struggles. The numbers tell a story. T...
The European Central Bank has lowered its main interest rate to 2. 25%, a move that reflects growing concerns about the global economy. This decision came after the US president announced broad tariffs on many of its trading partners. The ECB's action is a direct response to the uncertainty caused by these trade disputes. The bank's president, Christine Lagarde, poin...
The tech world was in a spin last week. Big names in Silicon Valley were trying to figure out if they'd get a break from Trump's trade war with China. The White House had been flip-flopping for days, leaving tech companies in the dark about whether they'd be hit with massive tariffs. The drama started with a Friday announcement. The government said it would spare te...
The economic landscape has taken a sudden and sharp turn, leaving many experts baffled. The rapid escalation of trade tensions has created a whirlwind of uncertainty, catching many off guard. A leading voice in the aviation industry recently shared their concerns about the current economic climate. They highlighted the swift and unexpected shift in the economy, desc...
The global stock market saw a significant rise on Tuesday. This happened as investors started to think that trade talks might ease tensions. The S&P 500 went up by 2. 4% in the middle of the day. However, it is still down by more than 15% from its peak in February. The Dow Jones Industrial Average and the Nasdaq composite also saw gains of around 2. 4%. The stock ma...
The 2024 election of Donald Trump caught many in the finance world off guard. They were thrilled by the idea of fewer regulations and lower taxes. Many bankers and investors thought this would be a golden era for business. They believed they could finally speak their minds without worrying about offending others. Some even felt free to use language that had been disc...