US stock futures plummeted and the dollar surged on Wednesday, February 12, after data revealed consumer inflation increased more than expected in January. The Labor Department’s Bureau of Labor Statistics reported a 3% annual rise in the consumer price index, exceeding forecasts for a 2.9% increase. The core rate, excluding food and energy prices, rose … Read more
Ford CEO Jim Farley has warned that his company could be forced to lay off employees if electric vehicle manufacturing subsidies are ended. According to the New York Times, Republicans’ potential repeal of Biden-era legislation would put “many of those jobs at risk”. Ford has invested heavily in factories in Ohio, Michigan, and Tennessee to … Read more
The popular Israeli newspaper’s website is currently down due to technical issues, leaving users unable to access the site. The exact cause of the outage is unknown at this time, with officials from the website stating that they are working to resolve the problem as soon as possible. In the meantime, visitors may be prompted … Read more
European leaders scrambled to respond to US President Donald Trump’s announcement that he has agreed to open negotiations with Russian President Vladimir Putin on ending the Ukraine war. German Chancellor Olaf Scholz warned that any peace deal should not be imposed on Kyiv, calling for a “dictated peace” to be avoided. Scholz emphasized the importance … Read more
US President Donald Trump has given billionaire Elon Musk oversight of hiring decisions across every government agency, sparking concerns about potential conflicts of interest. Musk’s companies, including SpaceX and Tesla, have received billions of dollars in government contracts, and his social media platform X has accused various agencies of wrongdoing. Despite the power granted to … Read more
The Associated Press (AP) has accused the White House of violating the First Amendment and blocking its journalists from attending press events due to a geographical name change. The AP had refused to use the term “Gulf of America” instead of the widely recognized “Gulf of Mexico,” which was ordered by President Trump in an … Read more
Scientists at the Center for Near Earth Object Studies at NASA have made a surprising discovery about an asteroid named 2024 YR4. In late January, they announced that this asteroid had a small chance of hitting Earth on December 22, 2032. Initially, the probability was reported to be slightly over 1 percent. However, in recent … Read more
India and France plan to work together on developing small modular nuclear reactors as part of their energy security efforts. The move comes after Prime Minister Narendra Modi’s visit to France, where he discussed the importance of nuclear energy in strengthening the country’s energy mix. The partnership aims to develop small modular reactors that can … Read more
US President Donald Trump’s demands for a 50% increase in NATO member states’ defense spending has sent shockwaves through the alliance. Currently, 24 of 32 members meet the existing target of spending at least 2% of GDP on defense. However, with the US president now seeking an increase to 5%, allies are struggling to balance … Read more
Bloomberg offers several daily news programs focused on technology, innovation, and business from San Francisco. The primary program, “Bloomberg Technology”, is hosted by Emily Chang. This show explores the latest trends and advancements in technology and their impact on business. Additionally, “The David Rubenstein Show” provides insights into successful leadership through conversations with influential business … Read more