Author: News Room

DETROIT — The buzz around electric vehicles is wearing off.For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike, based in part on their visions for an EV future.Now the hype is dwindling, and companies are again cheering consumer choice. Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans.Even U.S. EV leader Tesla, which…

Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a “bloodbath” if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio.Trump, speaking on a wind-whipped airfield outside of Dayton Saturday, praised his chosen candidate in the race as an “America first champion” and “political outsider who has spent his entire life building up Ohio communities.””He’s going to be a warrior in Washington,” Trump said, days after securing enough delegates to clinch the 2024 Republican nomination.Moreno faces Secretary of State Frank LaRose and state Sen.…

Former President Donald Trump warned Saturday that if he were to lose the 2024 election, it would be a “bloodbath” for the US auto industry and the country. The remark came as Trump promised a “100% tariff” on cars made outside the US, arguing that domestic auto manufacturing would be protected only if he is elected. “We’re going to put a 100% tariff on every single car that comes across the line, and you’re not going to be able to sell those guys if I get elected,” Trump said during a rally in Vandalia, Ohio. “Now, if I don’t get elected,…

Topline Fulton County Special Prosecutor Nathan Wade resigned from the office Friday after a judge ruled either he or District Attorney Fani Willis must step down from her office’s election subversion case against former President Donald Trump following revelations the two had a romantic relationship. Key Facts Willis accepted Wade’s resignation in a letter Friday, praising his work on the case, calling Wade “brave” and an “outstanding advocate.” Wade’s resignation comes after Judge Scott McAfee, in a highly anticipated ruling, determined Willis would not be disqualified from the case, but said either she or Wade needed to step down, citing…

McDonald’s was hit by a system failure Friday that closed restaurants and disrupted online and app orders around the world, including in the United States, Australia, Japan, Hong Kong, and the United Kingdom. At about 1 a.m. ET McDonald’s (MCD) “experienced a global technology system outage, which was quickly identified and corrected,” global chief information officer Brian Rice said in a statement posted on the company’s website. “Many markets are back online, and the rest are in the process of coming back online,” he said. “This issue was not directly caused by a cybersecurity event; rather, it was caused by…

In a thought-provoking opinion piece for The New York Times, economist Paul Krugman revisits the concept of a “soft landing” in the context of current economic conditions, drawing parallels with historical instances of inflation and economic strategies. Paul Krugman is an American economist, distinguished professor, and op-ed columnist for The New York Times. Born on February 28, 1953, Krugman is renowned for his work in international economics, including trade theory and economic geography. In 2008, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of trade patterns and location of economic activity. Krugman has been a…

The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.The EU brokered provisional political consensus in early December, and it was then endorsed in the Parliament’s Wednesday session, with 523 votes in favor, 46 against and 49 votes not cast.”Europe is NOW a global standard-setter in AI,” Thierry Breton, the European commissioner for internal market, wrote on X.The president of the European Parliament, Roberta Metsola, described the act as trailblazing, saying it would enable innovation, while safeguarding fundamental rights.”Artificial intelligence is already…

Overwhelming evidence suggests social media has a negative effect on self-esteem.That’s not only true for how people feel about their appearance and social status, but also their financial well-being and economic standing.A new term, “money dysmorphia,” aims to describe the distorted view of one’s finances that nearly one-third, or 29%, of Americans say they now experience, according to a recent report by Credit Karma, often from comparing their financial situation to others’ and feeling inadequate.”Money dysmorphia is kind of like today’s version of keeping up with the Joneses,” said Courtney Alev, consumer financial advocate at Credit Karma.Not surprisingly, money dysmorphia…

Texas Gov. Greg Abbott boasted shortly after he began soliciting private donations for his controversial migrant busing program that there would likely “be no cost to the state” given the outpouring of support from concerned citizens across the country. But after nearly two years of fundraising to offset the program’s costs, Abbott’s operation has collected less than half of 1% of the roughly $150 million spent on busing migrants to sanctuary cities, according to a review of state records. And CNN found that the largest donation – $900,000 – never made it into the state’s coffers, either because it was…

”I would say being love is the most exciting thing that can happen to you,” says Domhnall Gleeson. He’s says this as he’s talking about his new series Alice & Jack, a love story told over the course of 15 years of two people who fall in love, then come in and out of each other’s lives, bound by a powerful connection. Gleeson stars in the six-part series with Andrea Riseborough. Both are also executive producers on the series. Victor Levin, series creator, executive producer, and writer, explains the narrative, saying, “With this, think of the story as a ribbon…