2 min read
Business

Automakers Urged to Prioritize Gas-Powered Vehicles Over Electric Models

The Biden Administration is issuing a new policy that will slow down the shift towards electric vehicles in order to appease automakers. This decision comes as a surprise to many who believed that the administration was committed to accelerating the transition to cleaner transportation options.

19 min read
Business

Goldman Sachs and Morgan Stanley Place Bets on India Stocks Amid Wall Street’s Pivot away from China

Major financial institutions, Goldman Sachs and Morgan Stanley, have significantly increased their investments in Indian stocks in recent weeks, marking a notable shift from their previous focus on China. This move is seen as a significant vote of confidence in India’s economic potential and its attractiveness to global investors.

3 min read
Business

Investors Fleeing Bonds for Cash Amidst Hangover from Market Melt-Up

The recent surge in global bond yields has sparked a shift in investor behavior, as they move away from bonds and increase their holdings of cash. This change in sentiment is primarily due to concerns over the long-term impact of the melt-up in bond prices, commonly referred to as the “bond market rally,” which has created a hangover effect.

3 min read
Business

Hertz Embraces the Electric Revolution: Company Announces Sale of EVs and Teslas

Hertz, one of the world’s largest car rental companies, has made a bold move by announcing its decision to shift its strategy towards selling electric vehicles (EVs), including Teslas. This strategic decision reflects Hertz’s commitment to adapt to the changing landscape of the automotive industry and cater to the growing demand for sustainable transportation options.

4 min read
Business

Government Proposes New Retirement Savings Plan to Address Looming Financial Crisis

Are you concerned about your retirement savings? Well, you’ll be glad to know that several policy shifts are expected to change the landscape of retirement savings in 2024. These changes aim to provide individuals with greater control and flexibility when it comes to saving for their golden years. Let us dive into the details!

3 min read
Business

FTC suggests new rules to shift parents’ burden of protecting kids to websites

The Federal Trade Commission (FTC) has proposed new regulations that aim to shift the responsibility of protecting children online from parents to websites. The rules advocate for stricter guidelines on data collection and advertising practices that specifically target children. With the increasing influence of technology on young minds, the FTC believes it is imperative to create a safer online environment for kids.