News

Amazon’s Upcoming Product Event Amazon has scheduled a product event in New York City on February 26th. The event will focus on significant updates to Alexa AI, Amazon's digital assistant. A company spokesperson confirmed that the event will focus on news from the Alexa team, with Panos Panay, Amazon’s senior vice president of devices and servic…

Bipartisan Effort to Limit Interest Rates Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) have introduced a bill aimed at capping credit card interest rates at 10%. This move marks a rare collaboration between the two lawmakers, who often hold differing political views. Credit card interest rates, the fees charged by issuers when bala…

Rising Costs on Consumer Electronics and Auto Parts A newly imposed 10% tariff on Chinese imports is expected to increase costs for a wide range of consumer goods, including electronics, household supplies, and automotive parts. The tariff, which took effect on Tuesday, affects products manufactured in China and shipped to the United States. The…

European Markets React to U.S. Tariffs European stock markets opened sharply lower on Monday as U.S. trade tariffs sent ripples through global markets. The pan-European Stoxx 600 index fell by 1.34% at 8:30 a.m. London time, with all major sectors registering losses. Among the hardest hit were the automobile and technology sectors. The Stoxx 600…

Huang’s Use of AI in Daily Tasks Jensen Huang, CEO of Nvidia Inc., has embraced artificial intelligence (AI) to streamline his workflow. At a recent Wired event, Huang revealed that he relies on AI chatbots to assist in drafting his speeches and documents. Nvidia, a leading company in high-performance computing and AI chip production, plays a pi…

US Economy Shows Resilient Growth in 2024 The US economy continued to show strength in 2024, growing by 2.5% over the past year, according to new figures released by the Commerce Department. The data compares the fourth quarter of 2024 to the same period in 2023, showcasing strong consumer spending and a solid labor market as key drivers of grow…

Strong Earnings Performance Amid iPhone Sales Dip Apple Inc. (AAPL) exceeded Wall Street’s earnings expectations for its fiscal first quarter, driven by robust growth in its services division, despite a slight decline in iPhone sales. The Cupertino-based tech giant reported earnings of $2.40 per share on revenue of $124.3 billion for the quarter…

Toyota’s Global Sales Performance Toyota Motor Corp. has successfully defended its position as the world's leading car manufacturer for the fifth consecutive year, despite a slight decline in global sales in 2024. The Japanese automaker sold a total of 10.8 million vehicles, including sales from its subsidiaries Daihatsu Motor Co. and Hino Motor…

The Federal Reserve’s recent Interest Rate Pause presents a unique opportunity for consumers to capitalize on inflation-beating savings while strategically reducing high-cost debt. With interest rates remaining steady after a significant cut last year, financial experts advise individuals to make informed choices about their savings and loan manage…

Financial Performance Exceeds Expectations Starbucks reports a mixed financial performance for the quarter, with earnings surpassing Wall Street estimates but same-store sales continuing to decline. The company revealed that its quarterly revenue and earnings outperformed expectations, despite witnessing a fourth consecutive quarter of declining…