Tesla’s sales slump is attributed to politics, Chinese rivals, and emerging market expansion challenges. The company’s stock price dropped 50% after a mid-December peak as sales fell year-on-year across key markets including the US, China, and Europe. In Germany, Tesla’s sales collapsed by 76%, while in the US, they declined by 6%. In China, BYDBYDBYD … Read more
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The US economy is expected to grow at a slower pace than initially thought, according to the Federal Reserve’s latest projections. The central bank cut its economic growth outlook from 2.1% in December to 1.7%. However, officials also raised their inflation outlook to 2.8%, citing increased uncertainty and concerns about stagflation. The FOMC attributed the … Read more
Amtrak’s CEO Stephen Gardner has stepped down as head of the US passenger railroad after President Donald Trump allegedly pressured him to quit. Gardner cited concerns about maintaining administration support, while a White House official confirmed he was asked to leave. Gardner’s departure follows recent service woes, including a November suspension of train service between … Read more
Nvidia’s stock price has fallen by 23% from its record high in early January, but the company’s CEO says this is not a cause for concern. During his keynote speech at GTC, Jensen Huang dismissed concerns about overinvestment in artificial intelligence infrastructure and said that demand for Nvidia graphics processing units (GPUs) will actually increase. … Read more
Frontier Airlines is capitalizing on the recent change in Southwest’s checked-bag policy by launching its own promotion. Until Monday, passengers can book a nonstop flight departing through August 18 and receive the airline’s “Economy Bundle” for free, which includes seat selection, carry-on bag, and flexible flight changes. Additionally, flights departing May 28 through August 18 … Read more
Russia and Ukraine have agreed on a limited ceasefire, which Kyiv hopes will lead to a broader peace agreement. However, concerns remain over Russia’s commitment to the agreement. The Ukrainian government has warned that it will not trust Russia to keep its word if there are breaches in the deal. This skepticism has hindered previous … Read more
Turkish authorities have arrested dozens of individuals for “provocative” social media posts, following the detention of Istanbul Mayor Ekrem Imamoglu on Wednesday. Imamoglu, a key rival to President Recep Tayyip Erdogan, was among 106 people held on charges including corruption and aiding terrorist groups. The arrests were sparked by concerns over online content inciting public … Read more
Amtrak’s CEO, Stephen Gardner, has stepped down from his position amidst the Trump administration’s plans to cut funding for mass transit systems and other transportation initiatives across the US. The move comes as part of a larger effort by the administration to reallocate funds nationwide. Source: https://www.washingtonpost.com/nation/2025/03/19/amtrak-ceo-resigns-trump-cuts
The World Health Organization (WHO) has released its 2024 Global Tuberculosis report, providing a comprehensive assessment of the TB epidemic and progress in prevention, diagnosis, and treatment worldwide. The report is based on data from 193 countries and areas, covering over 99% of the world’s population. Key findings are outlined in the core report document, … Read more