China’s Real Estate Collapse Infecting Troubled American Sectors
The crumbling Chinese real estate sector is starting to put properties around the world on the market at deep discounts, threatening debt-laden American commercial developers and the U.S. banks holding the loans, according to Bloomberg. In a bid to pay off massive debts, Chinese real estate developers are having to offload a huge number of […]
Disney looks to capitalize on younger generations’ love of video games with Epic Games deal
Bank of America’s Jessica Lief Ehrlich talked about Disney’s $130 price target on “Craman Countdown,” a day after the earnings boosted the stock by 10%. Disney is looking to tap into a younger generation’s love for video games with a newly announced deal with Epic Games. Bob Iger, CEO of the entertainment giant, said during […]
Arm CEO talks growth as stock rallies on AI-fueled demand
Arm CEO Rene Haas talks about how demand for his company’s chip architecture led to record profits on Thursday’s “The Claman Countdown.” Arm Holdings Inc. CEO Rene Haas said Thursday that the company beat Wall Street’s profit and revenue expectations and offered a positive outlook, driven by demand for the company’s services thanks to artificial […]
Electric vehicles eat into Ford’s profits
Diana Furchtgott-Roth, an economist at the Heritage Foundation, discusses the electric vehicle market as more automakers withdraw from EV production. With the promotion of electric vehicles (EV), ford profit margin The company is trying to find the right combination between profitable vehicles that consumers want today and next-generation EVs that may be in high demand […]
The Gov’t Will Spend More On Interest This Year Than Defense Or Medicare
The federal government is expected to have to spend more servicing the country’s massive national debt this year than it will spend on defense or Medicare as interest payments skyrocket, according to a report by the Congressional Budget Office (CBO). The U.S. federal government is projected to spend $870 billion toward servicing its debt in […]
US Venture Capital Firms Invested Billions In Companies Linked To Chinese Military And Human Rights Abuses
Five American venture capital firms invested at least $3 billion in Chinese technology companies making products used in human rights abuses and aiding the Chinese military and government, according to an investigation from the House Select Committee on the Chinese Communist Party (CCP). GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International supplied […]
Biden EPA Unveils Strict Air Pollution Rule That Could Hamstring American Industry
The Biden administration finalized strict new air pollution standards for particulate matter (PM2.5) on Wednesday despite warnings from industrial executives that tightened standards could devastate the American economy. The Environmental Protection Agency (EPA) finalized its update to the National Ambient Air Quality Standards (NAAQS) for PM2.5, imposing stringent restrictions despite warnings from industrial executives that […]
Ford Lost Billions On EVs In 2023
Ford lost billions of dollars on its electric vehicle (EV) product lines last year, according to corporate documents. The company lost $4.7 billion on EVs in 2023, a greater loss than the $4.5 billion the company expected it would lose in 2023 at mid-year, according to a summary of the company’s annual earnings. The company […]
Mexico Dethrones China As America’s Main Source Of Goods
Mexico supplied the United States with a higher volume of goods than China in 2023, according to annual data from the Bureau of Economic Analysis (BEA) published on Wednesday. The U.S. imported about $427.2 billion worth of goods from China, whereas imports from Mexico reached around $475.6 billion, according to the data. Trade tensions between […]
Lawsuit expands against Boeing, Alaska over 737 Max 9 panel blowout
Former American Airlines CEO Bob Crandall says Boeing can fix its poor safety culture and regain trust. An attorney representing a group of passengers on Alaska Airlines Flight 1282, whose door plug panel was blown off and depressurized. boeing 737 max 9 Midflight expanded its lawsuit with new allegations related to the incident. Attorney Mark […]