All Economy
First LookChinese EVs may be coming to the US – through MexicoChinese electric vehicle automakers may circumvent American tariffs by setting up shop in Mexico. Without U.S. government intervention, they are likely to outcompete American EV manufacturers.
Tesla shareholders approve record pay for Musk. Are pricey CEOs worth it?By approving Elon Musk’s huge pay package that was thrown out by a Delaware judge, Tesla shareholders highlight unsettled questions over CEO pay.
‘Hey Siri, can you win the AI race?’ How Apple Intelligence could be a game-changer.Apple is diving into artificial intelligence – focused on the idea of a “virtual personal assistant.” Apple Intelligence will make Siri and some iPhone 15 models smarter – and perhaps spur sales of new gadgets.
First LookUS gas prices are falling just in time for summer travelU.S. gas prices are finally coming down, but why now? Industry analysts point to a change in demand as well as a decrease in oil prices worldwide.
First LookGameStock’s dizzying Wall Street ride: fast, furious, and now, familiarGameStop and meme stocks are booming once more this week. Welcome to the new age of investing, one where anyone can buy a stock with zero commissions simply by tapping a few times on a phone.
First LookAirline revenues are at a high – so why are ticket prices also expected to soar?Worldwide inflation and pandemic production delays are some of the reasons why summer airline tickets are sky-high. Airline revenue is estimated to reach nearly $1 trillion in 2024, a record high.
The ExplainerTired of delayed flights? New flying law offers refunds, keeps families together.Americans are expected to fly more this summer, with a spike already this Memorial Day. A new law means changes are coming for airline passengers.
AI could transform internet search. Even Google is disrupting its own kingdom.By rolling out AI Overview, Google is in effect competing with its own internet search results. This comes as lawsuits and AI rivals threaten Google’s dominance.
First LookAfter GameStop debacle, Roaring Kitty is back – and meme stocks soar once moreGameStop stocks had a meteoric climb this week in a moment reminiscent of 2021 and some say Roaring Kitty may be behind it all. But this time Wall Street isn’t caught off guard.
With vote at Alabama plant, UAW challenges South’s antiunion tiltIf Mercedes employees in Alabama vote to join the United Auto Workers, it may signal a power shift in America’s most union-resistant region.
In this Spanish town, capitalism actually works for the workersMondragón, Spain, is the home of an innovative cooperative that uses capitalism to provide a different and more equitable vision of economic success.
AI may take away jobs – but it’s creating some, tooThe impact of AI on America’s economy is more limited than previously thought. Some now say it could help low-skill workers be more productive.
‘Divest from Israel’: Easy slogan, challenging for universitiesGetting universities to divest from companies that support Israel is not as simple as many student protesters hope.
First LookShell corporations? Hawaiian farmers push a plan to counter island macadamia posers.Hundreds of small Hawaii farmers rely on the lucrative macadamia crop. But, like maple syrup producers in Vermont and distilleries in Champagne, France, they’re starting to face the imposition of nuts grown off the islands and sold with Hawaiian branding.
Tennessee win for UAW could open road for labor in SouthFor the first time the UAW has successfully organized a foreign-owned auto plant in the South – a move that helps change the image of labor in decline.
First LookCharging – and charging for it: How EV owners could sell power back to the gridBidirectional EV charging would expand power grids by allowing cars to store energy at night, then sell it back to utilities during peak daylight hours. That would mostly benefit drivers – but automakers are also eyeing ways to get a cut of the surplus.
First LookIn the wake of high-profile near misses, senators ask: Is Boeing doing enough?A Boeing engineer told lawmakers the company has been taking manufacturing shortcuts that led to “putting out defective airplanes,” part of a larger suite of allegations in the wake of a 737 Max flight that saw its door plug blow out in midair.
Pay was starting to outpace US inflation. Can it keep up?Stubborn inflation is not only upsetting investors who await interest rate cuts. It’s also threatening to undermine the rise in workers’ real wages.
First LookLA County constantly fights homelessness. How AI helps prevent it.Millions struggle with housing affordability in Southern California. But Los Angeles County’s experimental tool combines more than 400 factors to identify the residents most at risk of ending up on the streets – and it’s working.
Do immigrants help or hurt the US economy? The answer might surprise you.Immigration and the economy are top concerns of voters ahead of the 2024 election. But political talking points don’t tell the whole story.
