Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more
Once a leader in passenger rail, the U.S. has since fallen behind many industrialized nations in rail funding and ridership — but investment is picking up. Investment in passenger rolling stock across North America, which includes high-speed rail, light rail, metro, passenger coaches and locomotives, is expected to increase 4.7% per year between 2021 and 2026, … Read more
Wall Street strategists are increasingly voicing concernsBloomberg Terminal about the concentration of Big Tech stocks in this year’s stock-market rally. But if history is any guide, there’s little reason to fear. Apple Inc., Microsoft Corp., Google parent Alphabet Inc., Amazon.com Inc., Nvidia Corp., Tesla Inc. and Facebook owner Meta Platforms Inc. now make up 28% … Read more
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google told the Canadian government it would block articles from Canada-based news outlets from appearing in search results and other … Read more
ESPN is laying off about 20 on-air personalities. Cuts include NBA analysts Jeff Van Gundy and Jalen Rose. The cost-cutting efforts come as ESPN tries to meet its financial targets for 2023 and beyond. ESPN Chairman Jimmy Pitaro Steve Zak Photography | FilmMagic | Getty Images Disney’s ESPN on Friday is informing about 20 of … Read more
Apple, Fox, Netflix Emerge as Potential Bidders for Future NBA Rights Bloomberg Source link
The top US bank regulator says that crypto tokens are unlikely to replace traditional currency and that banks should proceed cautiously when they experiment with the asset class. “Because crypto assets have proved to be so volatile, they are unlikely to grow into money substitutes and become a viable means to pay for transactions,” Federal … Read more
No Spyware $s Did President Joe Biden order the replacement of the U.S. dollar with a trackable spyware version of digital money that will give the government control over the bank accounts of all Americans? No, that’s not true: None of that language appears anywhere in the order, a spokesman for the U.S. Treasury told … Read more
CNN Business — As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal “urgency” in researching a potential digital version of its dollar via a Central … Read more
Cryptocurrencies have captured the attention and imagination of a new generation of investors across the globe. From Bitcoin to Ethereum to the growing list of altcoins, there’s little question that the volatile and fast-moving crypto industry keeps participants, observers, and regulators on edge. More and more, though, mainstream companies are looking at cryptocurrencies and adjacent … Read more