Industry group warns of Chinese connected vehicles
The U.S. Department of Commerce’s 60-day public comment period on the national security concerns of connected cars ended this week, with a major transportation group issuing a grave warning about the potential threat to the U.S. auto industry. These threats surround the potential for foreign adversaries, particularly China, to leverage connected car technology to steal […]
Elon Musk’s move to disband Tesla EV charging team blindsides car industry
Elon Musk’s sudden decision to lay off employees in charge of Tesla’s electric vehicle charging business comes as the company prepares to outfit new EVs so customers can take advantage of the Tesla Supercharger network. It blindsided automakers, industry officials and analysts said Tuesday. General Motors, Ford and other automakers that signed deals last year […]
The overreaching TikTok ban could also harm US industry
For all interpretations over time, First Amendment to the United States Constitution “Congress shall pass no law abridging freedom of speech or of the press.” This is in stark contrast to recently enacted laws. Act to protect Americans from regulatory applications by foreign adversariesits more than 1,800-word content targets TikTok and appears to be doing […]
Biden Admin Releases Robust Leasing Schedule For Struggling Green Industry After Issuing Restrictive Oil And Gas Plan
The Biden administration unveiled a plan Wednesday to hold up to a dozen offshore wind leases over the next several years as the industry struggles to cement itself in the U.S. The Department of the Interior (DOI) announced its five-year schedule for offshore wind leasing, which envisions lease sales for plots in the Atlantic, Pacific, […]
Sen. Warren challenger goes to bat for Coinbase, crypto industry in SEC lawsuit
FOX Business Senior Correspondent Charlie Gasparino and Massachusetts Senate candidate John Deaton join “The Claman Countdown” to discuss Coinbase’s filing of amicus briefs in its legal battle with the SEC. Massachusetts Senate candidate John Deaton isn’t letting his busy campaign stop him from fighting the Securities and Exchange Commission on behalf of the crypto industry. […]
Cruise ship industry is booming despite spate of high-seas deaths
The cruise ship industry has been in full swing since Royal Caribbean on Thursday raised its full-year profit outlook and said it expects 60% year-over-year growth following record first-quarter bookings. Royal Caribbean says that despite a recent spate of fatalities and reports of missing passengers on the high seas, including a 20-year-old Florida youth who […]
Car insurance firms agree to crack down on ‘poverty premium’ | Insurance industry
Insurers have vowed to correct their behavior following criticism over “poverty premiums,” which charge punitive interest to spread the cost on customers who can’t afford to pay for car insurance all at once. The Association of British Insurers (ABI) has announced that its members have agreed to an action plan aimed at controlling the cost […]
Swift says music industry teaches girls they’re replacements
Taylor Swift explained that she feels the music industry disrespects women and teaches them that they are just replacements for other women who have accomplished great things before them. Swift’s album, The Tortured Poets Department, includes lengthy commentary on her songs, including many of her lyrics, which are generally thought to be about her ex-boyfriends. […]
Compensation payouts to UK rail passengers for delays hit £100m a year | Rail industry
Compensation paid to passengers for train delays in the UK has reached record levels, with annual payouts exceeding £100m and the number of insurance claims for train delays and cancellations continuing to rise. Payments to passengers for travel disruption reached £101.3m in the year to April 2023, an increase of 155% from £39m in 2021-22.. […]
Florida vacation rental murder highlights danger of ‘massive, unregulated’ industry: lawyer
A $2 million settlement and pending lawsuit in the case of a tourist killed in a carjacking at a rental community is a warning to the short-term rental industry, the victim’s mother and attorney said. In July 2022, Jeremiah Brown was 22 years old. At the time, he, his girlfriend, and his children took a […]