Author: News Room

Two men have been accused of stealing trade secrets from Tesla.Prosecutors did not name the EV company but multiple reports identified the company as Tesla.The case centers around the technology used to manufacture batteries for electric cars. Two men have been accused of conspiring to share trade secrets belonging to a leading US EV company.Federal prosecutors did not name the EV company, referring to it only as “victim company-1,” but The New York Times and other publications identified the company as Elon Musk’s Tesla.Klaus Pflugbeil, a Canadian national and resident of China, was arrested on Tuesday after being accused of…

(Reuters) – U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron Technology (NASDAQ:)’s upbeat forecast and the Fed signaled it was still on track for three interest-rate cuts this year. Traders now see a 74% chance of the first rate cut hitting in June, from 56% at the start of this…

By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam’s stability is crucial to multinationals with large operations in the Southeast Asian manufacturing hub, including Samsung Electronics (KS:), which ships from Vietnam half of its smartphones, and Apple (NASDAQ:), which has many key suppliers in the country. That stability, which has been guaranteed for decades by…

(Reuters) – The United States has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global oil prices, the Financial Times reported on Friday, citing people familiar with the matter. The attacks helped boost oil prices that have risen nearly 4% so far since March 12, when Ukraine first started targeting Russia’s energy infrastructure. A further rally in gasoline prices in the United States would weaken President Joe Biden ratings and undermine his re-election chances. [O/R] Russia and Ukraine have both used drones to strike critical infrastructure, military installations and…

Former President Donald Trump is on the verge of a multi-billion dollar windfall at a time when he’s facing immense financial and legal pressure. Trump Media & Technology Group, the owner of Trump’s struggling social media platform Truth Social, is on the cusp of going public as soon as next week following years of legal and regulatory obstacles. If shareholders vote on Friday to approve Trump Media’s merger with a blank-check company, Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices. However, experts tell CNN there are numerous…

USD/CAD marches toward 1.3600 amid renewed US Dollar’s strength. The US economy exhibits a firm footing on the grounds of labor market and consumer spending. Expectations for BoC lowering interest rates sooner escalate due to easing price pressures. The USD/CAD pair rises to 1.3570 in Friday’s European session on a buoyant US Dollar. The Loonie asset is expected to continue its upside move as the appeal for safe-haven assets remains upbeat. The US Dollar Index (DXY) rose to a fresh two-week high at 104.20 on upbeat Existing Home Sales data for February, released on Thursday. Sales of pre-owned residences rose…

Jake Gagain, with 244K followers on X, has joined the growing list of market watchers who expect XRP to attain the $5 price point in this bull run. This viewpoint was articulated as part of Gagain’s recent analysis examining the prospective price trajectories of various tokens, particularly looking ahead to 2025. XRP was among the top crypto projects for which he issued potential price targets. Bullish 2025 Crypto Price Predictions. $BTC $ETH $SOL $XRP $ADA pic.twitter.com/xGQKZYRrpm — JAKE (@JakeGagain) March 21, 2024 $5 XRP is Realistic by 2025 With a month to go before the Bitcoin halving, Gagain voiced his…

Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study.By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published Wednesday in The Lancet medical journal found.That would leave 49 countries — primarily in low-income regions of sub-Saharan Africa and Asia — responsible for the majority of new births.”Future trends in fertility rates and livebirths will propagate shifts in global population dynamics, driving changes to international relations and a geopolitical environment,…

Every self-made millionaire has a different story of how they amassed a net worth that lets them bear the title. Some live frugally or invest aggressively, while others start companies of their own that take off and make them rich. But each success story usually has at least one piece of advice that’s applicable to people at any point in their financial journey. Here are money tips from five different self-made millionaires that you can use to help meet your own financial goals.1. Put yourself firstGrinding hard at your job or negotiating a bigger salary can be pathways to success, but self-made…

The House is expected to vote on Friday whether to pass key government spending legislation ahead of a fast-approaching shutdown deadline at the end of the day, the culmination of a months-long funding fight on Capitol Hill. Friday’s tight timeline has sparked fears of a potential, partial shutdown at midnight, though top lawmakers on both sides of the aisle say they are pushing to prevent that. The bill addresses a slate of critical government operations, including the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, State and the legislative branch. If the House passes the legislation, as is…