Tesla shares down on slimming margins, Cybertruck concerns
Tesla CEO Elon Musk and other execs on the earnings call warned production would slow down during Q3 due to shutdowns for factory improvements.
Airline cargo revenue is cratering. Here’s why that’s actually good news
Airlines’ cargo businesses were lifelines during the pandemic when travel demand dried up.
Victims want Morgan Stanley to answer for ex-financial advisor’s Ponzi scheme
Victims filed arbitration claims against Morgan Stanley, alleging that it failed to reasonably supervise its employee.
Turkey’s central bank raises interest rate less than expected, to 17.5%
“Terrible decision and I think a mistake. Again under-delivering,” one strategist said in reaction to the news.
Swedish embassy in Baghdad stormed, set alight over Quran burning plans
Hundreds of protesters stormed the Swedish embassy in central Baghdad early on Thursday in protest against the expected burning of a Quran in Sweden.
China says two policies to support business coming soon
Business sentiment has generally soured amid lackluster economic growth after China’s initial recovery from the pandemic.
Singapore and Lisbon top ranking of the cities with the biggest surge in prime rents
Rents in prime residential areas increased the most in Singapore, Lisbon and Berlin in the first half of the year, according to a report by Savills.
TSMC reports first profit drop in 4 years as electronics demand slump continues
TSMC is the top producer of the world’s most advanced processors, but demand for consumer electronics has plunged post-pandemic.
Here are the biggest reasons jobs could disappear — and A.I. isn’t one of them
Fears about artificial intelligence leading to job losses have intensified in recent months, but other economic factors may be much bigger risks.
Why are people not getting married anymore?
A record number of people in the U.S., China, Japan and the U.K., are opting out of marriage. The decline is especially strong in the middle and working class – the socioeconomic groups that were once champions of marriage. In Japan and South Korea, ma…
