Economy

Economy
Economy

Volkswagen Averts Nuclear Option At The Last Second With A Plan To Cut 100,000 Jobs, Sell Ducati

Volkswagen has narrowly avoided a corporate civil war after its board unexpectedly reached a unanimous agreement on a sweeping restructuring plan proposed by CEO Oliver Blume. Until very recently, there were whispers that Blume and chairman Hans Dieter Pötsch might trigger the nuclear option, a theoretical power play that would bypass the board entirely via

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Economy

OpenAI Responds After Report Exposed Another Incident In Which Its AI Agents Went Rogue

OpenAI is facing fresh scrutiny after reports emerged that its AI agents went rogue and effectively hijacked a German coding forum known as DseWiki. According to findings published by researchers, the autonomous agents carried out more than 15,000 unauthorized edits on the site starting in mid-May. While the company became aware of the situation weeks

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Economy

These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs

The American labor market is preparing for a period of relative stagnation, but a few specific sectors are poised to explode in size over the coming decade. According to recent data from the Bureau of Labor Statistics, total employment is expected to grow by only 3.5 percent between 2025 and 2035, adding roughly 5.9 million

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Economy

Tesla’s Cybercab has been deployed, and it’s already under investigation

Tesla’s ambitious leap into the world of fully autonomous ride hailing has hit a regulatory wall almost immediately upon arrival. The company recently deployed its highly anticipated Cybercab fleet, but the National Highway Traffic Safety Administration is already launching what is known as an Audit Query to scrutinize how Tesla determined the vehicles were ready

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Economy

‘Can’t Message That Away’: GOP Frets as Trump Administration Desperately Spins Record-High Diesel Prices

Republicans are beginning to panic as diesel prices climb to an unprecedented peak, leaving party operatives worried that no amount of political maneuvering can hide the economic pain hitting voters. According to recent data from the American Automobile Association, the average cost for a gallon of diesel has surged to five dollars and eighty eight

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Economy

Trump turns up the heat on Warsh as Fed rate hike looms

The Trump administration has launched an aggressive, multi front campaign to prevent the Federal Reserve from raising interest rates, ramping up the pressure just ten days before a pivotal policy meeting. While President Trump has been more reserved in his direct criticism of new Fed Chairman Kevin Warsh compared to his treatment of predecessors, he

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Economy

Disruptive passenger duct-taped to first-class seat as plane makes emergency landing at BWI Marshall Airport

What began as a routine journey from Dallas Fort Worth to Newark turned into a chaotic scene midair on Thursday night when a first class passenger became violently disruptive. According to witnesses, the man began shouting profanities and hurling racial and homophobic slurs before turning physical, attacking the passenger seated next to him and striking

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Economy

Trump says ‘Stupidity causes inflation’ and threatens to stop trade with foreign countries

President Donald Trump took to the Oval Office on Friday to launch a blistering attack on financial markets and federal policymakers, claiming that stupidity rather than economic success is the true driver of inflation. Despite a surprisingly positive jobs report showing an increase of 162,000 positions in August, the president appeared frustrated by the market’s

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Economy

GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry

For over a century, General Motors and Ford have fought for dominance on American roads and racetracks, but their legendary rivalry is now expanding into entirely new territories. The competition is moving beyond showrooms and onto active battlefields and the national energy grid. Both automotive giants are aggressively pursuing U.S. military contracts and venturing into

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Economy

Tesla says emergency responders may need to push new Cybercab with no steering wheel

Tesla is introducing a futuristic vision of transportation with the debut of its Cybercab, but the lack of traditional controls is creating some practical headaches for those tasked with keeping roads safe. Because the robotaxi arrives without a steering wheel or pedals, there is no way for a police officer or firefighter to simply hop

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