Category: Business
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Chinese AI Advances Worry Americans and Crash Stocks in the US
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A wave of panic crashed the stocks of major tech companies on Monday (27), with American investors shaken by fears that advances in artificial intelligence by the Chinese could threaten the money-making power of tech giants in the United States, Europe, and beyond. The surprisingly efficient and powerful Chinese AI model is called Deepseek R1.…
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Who Will Rebuild The Fire-Affected Cities In Los Angeles?
In the outskirts of Altadena, a city where one of the most destructive wildfires in Los Angeles history has just receded, a group of volunteers worked last week to collect branches and fallen tree leaves — removing fuel for potential future fires. One of these individuals, Cesar, a Mexican immigrant in his 60s, works as…
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Retail Sales Surge in the U.S. in 2024, Exceeding Expectations
Let’s start with the 2024 holiday season. The National Retail Federation (NRF) reported that newly released data from the U.S. Census Bureau shows that retail sales during the holiday period increased by 4% compared to 2023. This surpassed the NRF’s forecast that 2024 holiday sales would rise between 2.5% and 3.5% to a record $994.1…
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Trump Considers Imposing a 10% Tariff on All Chinese Products Starting February 1
U.S. President Donald Trump said he is considering imposing a 10% tariff on imports of products made in China starting February 1. Trump stated that his administration’s plan was “based on the fact that they (the Chinese) are sending fentanyl to Mexico and Canada.” He called China an “abuser.” China responded by saying that trade…
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Here Are Trump’s First Executive Measures
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President Trump will begin issuing a flurry of executive orders including measures to crack down on immigration and dismantle diversity initiatives in the federal government, his team told reporters, starting his presidency with a vigorous use of power intended to signal a sharp reversal of existing policies. Trump will also act unilaterally to end regulations…
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Supreme Court Allows TikTok Ban in the United States
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The Supreme Court of the United States refused on Friday (17) to block a federal law that will ban TikTok in the United States as early as this weekend, unless the extremely popular video-sharing app in the country ceases to be Chinese-owned. The judges’ order was a blow to TikTok, prohibiting its operation just before…
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Want to Buy a New Car? Monthly Payments Have Never Been This High in the U.S.
If not you, perhaps someone you know has a monthly car payment over $1,000. The number of new vehicle buyers with payments of $1,000 or more is on the rise, according to Edmunds.com, a car shopping site. In its fourth-quarter report from last year, Edmunds reported that these consumers represented 18.9% — or nearly 1…
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Supreme Court Seems Inclined to Uphold Law That Could Block TikTok
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The Supreme Court of the United States appeared inclined on Friday (10) to uphold a law passed by the American Congress that requires TikTok to be sold or effectively shut down in the country. The American government, defending the law, offered two justifications for its creation: to combat misinformation coming from China and to prevent…
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Trump Comes On Strong: Taking Greenland and the Panama Canal Are His Latest Proposals
In a somewhat disjointed press conference on Tuesday (7), elected President Donald J. Trump refused to rule out the use of military or economic coercion to force Panama to relinquish control of the canal that the United States built over a century ago and to pressure Denmark to sell Greenland to the United States. Trump…
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Before Trump Takes Office, Meta Announces End of Fact-Checking Program on Its Social Media
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Meta announced on Tuesday (7) that it will end its fact-checking program, a policy established to curb the spread of misinformation on its social media, in a clear sign of the company’s repositioning for the new Trump administration, which calls for online free speech. Meta, the owner of Facebook, Instagram, and WhatsApp, stated that it…