Tesla has lost the affordable electric vehicle race to General Motors.
Airlines could soon be required to reimburse travelers for delays. The $430 billion Inflation Reduction Act cleared the Senate. How remote work has contributed to a two-speed housing market across the country.
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Forbes broke the news that Facebook discovered cyber spies likely based in India and Pakistan used malware masquerading as popular encrypted messaging apps like WhatsApp, Signal and Telegram to access call logs, text messages, and cameras and microphones belonging to thousands of people.
Each of the more than 40 U.S. cryptocurrency exchanges (plus Binance, the world’s largest crypto exchange) are allegedly being investigated by the U.S. Securities and Exchange Commission, according to a staff member for U.S. Senator Cynthia Lummis’ (R-Wy).
Sky-high home listing prices are coming back down to Earth—depending on where you live. According to the latest forecast, 210 of the nation’s largest 414 housing markets will see declining home prices over the next two years while prices are poised to rise in the remaining 204.
Since December, Billionaire Melinda French Gates has sold roughly $1.44 billion of the $6.3 billion-plus worth of stock she received from ex-husband Bill Gates during their divorce settlement. Those unloaded shares include $429 million of car retailer AutoNation stock and over $1 billion of Canadian National Railway stock.
Forecasters are monitoring a tropical wave forming off the coast of Africa as meteorologists predict a hurricane outbreak that will make 2022 one of the most active seasons in history. Chances of a potentially devastating major hurricane hitting the U.S. are pegged at 68%, significantly higher than the 52% annual average over the past century.
A new proposal looks to mandate that airlines reimburse passengers for three-hour delays on domestic flights and six-hour delays for international trips. The proposal also calls on carriers to provide flight credits or vouchers free of expiration dates if people can’t fly because of Covid-related reasons.
How Tesla Lost The Race For Affordable EVs To An Unexpected Rival
Sixteen years ago, Tesla CEO Elon Musk announced his goal of building the first truly low-cost electric family car. Now General Motors has beaten him to it.
Dressing up on “Sunday Funday” and restaurant-hopping for chicken and waffles, endless mimosas and DJs playing hip-hop are a few hallmarks of the growing trend of “Black brunch.”
Are We Truly In A Recession?
Multiple economic indicators point toward us being in a recession. But before the National Bureau of Economic Research can make that final call, it must consider three criteria: duration, depth and diffusion.
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