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California Governor Reveals $12B Budget Deficit in $322B Spending Plan
Sacramento, USA: Governor Gavin Newsom outlined California’s $322 billion spending plan for the next fiscal year, acknowledging a $12 billion...
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Markets Close Mixed as Tech Drives Nasdaq, eToro Surges on Nasdaq Debut
New York, USA: US stock markets wrapped up a choppy trading session with mixed results— the S&P 500 edged up 0.1%, the Dow slipped 0.2%, and the...
Pharma Firm Athenex Declares Bankruptcy and Plans Asset Sell-Off
Buffalo, New York, USA: Athenex, a once-promising biopharmaceutical company specializing in cancer treatments, has filed for Chapter 11...
Toyota Admits Data Breach Exposed 2.15 Million Vehicles’ Location Data
Tokyo, Japan: Toyota disclosed a cloud misconfiguration that left the real-time location data of over two million connected vehicles accessible to...
China’s Economic Recovery Loses Steam as April Data Disappoints
Beijing, China: Newly released data for April show that China’s post-pandemic bounce-back is already slowing. Industrial production rose just over...
EU Forecast: Stronger Growth But Stubborn Inflation in Eurozone
Brussels, Belgium: The European Commission released its spring economic forecast, painting a brighter picture for growth in the eurozone despite...
How Wall Street Is Bracing for a Potential U.S. Debt Default
New York, USA: With the U.S. government possibly facing default if Congress doesn’t raise the federal debt ceiling soon, major Wall Street firms...
GM Claims EV Battery Breakthrough for Cheaper, Longer-Range Trucks
Detroit, USA: General Motors revealed a new lithium manganese-rich (LMR) battery design that promises longer range at a lower cost for its...
Elon Musk’s Boring Company Touted for Amtrak Mega-Tunnel Project
Washington, D.C.: Federal officials reportedly invited Elon Musk’s Boring Company to bid on a massive $8.5 billion Amtrak tunnel upgrade along a...
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