News
Facing heavy losses, Honda cancels its three US-made electric vehicles
7+ hour, 12+ min ago (240+ words) Tariffs, torn-up US emissions regs, and being uncompetitive in China are all to blame. Only now, they won't. Earlier today, Honda announced that it's facing heavy losses for the financial year: between $5.1 billion and $7 billion (820 billion1.12 trillion yen). To help stanch…...
US consumers, business pay 90% of tariff costs, says Federal Reserve
1+ mon, 5+ hour ago (449+ words) The Fed's research contradict Trump's claim foreign companies would bear the burden. US businesses and consumers paid nearly 90 percent of the cost of Donald Trump's tariffs last year, according to new Federal Reserve research that undercuts the president's claim that…...
Big Tech basically took Trump’s unpredictable trade war lying down
2+ mon, 2+ week ago (1078+ words) From Apple gifting a gold statue to the US taking a stake in Intel. As the first year of Donald Trump's chaotic trade war winds down, the tech industry is stuck scratching its head, with no practical way to anticipate…...
Reports: EA set to be sold to private investors for up to $50 billion
5+ mon, 2+ week ago (226+ words) Saudi investment fund, Jared Kushner are reportedly among the interested buyers Video game mega-publisher Electronic Arts is planning to take the company private in a deal that could be worth as much as $50 billion, according to reports from The Wall…...
Experts urge caution about using ChatGPT to pick stocks
5+ mon, 2+ week ago (28+ words) AI-selected portfolios might perform well in a growing market, but experts warn of downturn risks. See full article... Experts urge caution about using ChatGPT to pick stocks...
Ars Live: CTA policy expert explains why tariff stacking is a nightmare
5+ mon, 3+ week ago (168+ words) Tech firms are bracing for a possible "triple whammy" of tariffs. Earlier this month, Ars sat down with the Consumer Technology Association's vice president of international trade, Ed Brzytwa, to check in and see how tech firms have navigated Donald…...