Law enforcement agencies across the United States are investigating a series of attacks targeting Tesla showrooms, charging stations, and vehicles as hostility toward CEO Elon Musk intensifies. In addition to these attacks, numerous peaceful protests have taken place at Tesla locations, with demonstrators holding signs and chanting, “Elon Musk has got to go.” The protests…
Nissan Motor Set To Appoint New Chief Executive Amid Sales Struggles and Failed Merger
Nissan Motor is appointing a new chief executive as it faces mounting challenges, including sluggish sales, unsuccessful merger negotiations, and the looming threat of tariffs in the United States. On Tuesday, the Japanese automaker announced that Makoto Uchida, who has served as CEO since 2019, will step down. Ivan Espinosa, 46, a Nissan veteran with…
US Economy Faces A Recession Threat After Trump Takeover, Economy Slowdown Considered Temporary
Bad news about the U.S. economy spreads quickly, but concerns about an economic slowdown may be exaggerated. Consumer spending declined in January for the first time in nearly two years, a real-time economic growth forecast recently turned negative, the housing market had a sluggish start to the year, and uncertainty looms due to President Donald…
China Set To Implement 15% US Agricultural Products Intensifying Trade Tensions
Starting Monday, Chinese tariffs of up to 15% on various U.S. agricultural products will take effect, potentially intensifying trade tensions between the world’s two largest economies. The newly announced tariffs will impact a broad range of commodities, including beef, poultry, and grains. In addition to these levies, Beijing has also decided to fully suspend soybean…
UAW President Offers Support For Donald Trump’s Plan To Implement Tariffs On Canada and Mexico
President Donald Trump’s tariffs on Canada and Mexico are an “attempt to stop the bleeding” in the American economy, United Auto Workers President Shawn Fain said on “This Week” on Sunday, defending the controversial measures. “We’re in a crisis mode in this country,” Fain stated, arguing that America’s trade system is “broken” and in need…
Justice Department Set To Investigate Egg Prices in US Over Antitrust Practices
The Justice Department has initiated an investigation into major egg producers in the United States over potential antitrust violations, following a dramatic rise in egg prices, according to two individuals familiar with the matter. Lawyers from the department are in the process of issuing civil investigative demands—akin to subpoenas in civil cases—to several producers, including…
US State Department Halts Aid To South Africa Amid Trump Administration Policy For Better Racial Justice
The U.S. State Department has issued an immediate suspension of most foreign assistance to South Africa. This move officially enforces an executive order signed by Donald Trump that has sparked significant controversy. The directive, issued on Thursday, enacts Executive Order 14204, which targets what the administration describes as “egregious actions” by South Africa. It mandates…
US Stock Market Plunges After New Wave of Tech Stocks Sell Off Following Trump Tarrifs and Other Factors
US stocks experienced a sharp decline on Thursday as a renewed sell-off in the technology sector unsettled a market already under pressure from concerns about the economic impact of President Donald Trump’s tariffs. The S&P 500, a blue-chip index, fell by 1.8 percent, putting it on track for its worst week since early September. The…
Job Cuts After Trump Administration Took Over, Surge To Levels of 2009
The Trump administration’s extensive federal spending cuts and growing economic uncertainty contributed to a surge in layoff plans last month, reaching levels comparable to a recession, according to new data released Thursday. In February, U.S.-based employers announced plans to eliminate 172,017 jobs—a 103% increase from the previous year and the highest total for the month…
Walgreens Boots Alliance Set On A $23.7 Billion Deal With Sycamore Partners Acquisition
Walgreens Boots Alliance is set to go private in a deal valued at up to $23.7 billion, marking the end of a difficult period in the public markets, where the company has seen its market capitalization decline sharply and more than 10% of its store locations shuttered. This transition brings nearly a century of public…