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Tesla's Popularity Plummets in Canada as EV Shoppers Turn Away
Only 13% of Canadian EV shoppers now say they’d consider buying a Tesla — down from 29% a year ago — marking a 55% drop.

By The Financial District
Jun 5, 20251 min read


U.S. Orders Companies To Stop Software Sales To China
The Trump administration has effectively cut off some U.S. companies from selling software used to design semiconductors to China.

By The Financial District
Jun 5, 20252 min read


$7 Trillion In Cash on Sidelines as Investors Await Nvidia Earnings
With around $7 trillion sitting in cash funds, institutional investors are eyeing Nvidia’s earnings report for a possible trigger to re-enter equities.

By The Financial District
Jun 4, 20251 min read


Apple Faces Mounting Pressure as Trump’s Tariffs Threaten Production
Apple shares are facing their worst selloff in over three years as President Trump’s threats of new tariffs cast a shadow over the company’s global supply chain.

By The Financial District
Jun 4, 20251 min read


CEO Pay Rose 10% In 2024 Amid Soaring Stock Prices, Corporate Profits
Chief executive officers at S&P 500 companies saw their median compensation rise nearly 10% in 2024, as stock markets surged and profits hit record highs.

By The Financial District
Jun 4, 20251 min read


FTC Requires Synopsys And Ansys To Divest Assets In $35-B Merger Deal
The U.S. Federal Trade Commission announced Wednesday it will require software firms Synopsys and Ansys to divest certain assets to resolve antitrust issues tied to their $35-billion merger.

By The Financial District
Jun 3, 20251 min read


Toyota Recalls Over 440,000 Vehicles In U.S. For Light Failures
Toyota is recalling more than 440,000 vehicles in the U.S. due to a defect in the reverse lights that may reduce rear visibility and increase the risk of accidents.

By The Financial District
Jun 3, 20251 min read


Ford Recalls Nearly 1.1 Million Vehicles Over Rearview Camera Failures
Ford is recalling 1.1 million vehicles in the U.S. due to a software issue that could cause rearview camera images to freeze or fail to display.

By The Financial District
Jun 2, 20251 min read


Xiaomi Launches YU7 SUV In Beijing to Challenge Tesla’s Model Y
Xiaomi has unveiled its new electric SUV, the YU7, at 13 showrooms in Beijing, continuing its push into China’s competitive EV market.

By The Financial District
Jun 2, 20251 min read


Musk’s DOGE Expands Use of Grok AI in Government, Raising Self-Dealing Concerns
Elon Musk’s DOGE team is expanding the use of its proprietary AI chatbot Grok within U.S. federal agencies.

By The Financial District
Jun 2, 20251 min read


e.l.f. Cosmetics Acquires Hailey Bieber’s Rhode Beauty for $1 Billion
Hailey Bieber’s skincare brand, Rhode, has been acquired by e.l.f. Cosmetics in a $1 billion deal.

By The Financial District
Jun 2, 20251 min read


Fake Discounts on Shein "Breach Law," EU Says
Fake discounts, pressure selling, and other consumer-deceptive practices on Chinese fast-fashion site Shein violate European law.

By The Financial District
Jun 2, 20251 min read


Mondelez Sues Grocery Chain Aldi for Copying Its Packaging
Snack food giant Mondelez International is suing discount supermarket chain Aldi, alleging that Aldi’s private-label packaging “blatantly copies” iconic Mondelez brands such as Chips Ahoy, Wheat Thins, and Oreos.

By The Financial District
Jun 2, 20251 min read


Vietnam Cuts Corners to Fast-Track $1.5-B Trump Golf Resort
Donald Trump’s family business is breaking ground on a fast-tracked development in Vietnam as the country’s government scrambles to secure a revised trade agreement with the U.S.

By The Financial District
Jun 2, 20251 min read


Thyssenkrupp Putting 20,000 Jobs at Risk in Overhaul, Says Union
Germany’s IG Metall union estimates that around a fifth of jobs at Thyssenkrupp are at risk, following the conglomerate’s recent plans to restructure as a holding company.

By The Financial District
Jun 2, 20251 min read


Sweden-Based Volvo Cutting 3,000 Jobs to Reduce Costs
Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program amid challenges in the automotive industry stemming from trade tensions and economic uncertainty.

By The Financial District
Jun 2, 20251 min read


Tesla’s EU Sales Slump 52% In April
Sales of Tesla vehicles in the European Union plummeted by more than half in April, while Chinese electric vehicle (EV) makers gained ground.

By The Financial District
Jun 1, 20251 min read


U.S. Firm RedBird Agrees to Buy UK’s Telegraph Broadsheet
A consortium led by U.S. investment firm RedBird Capital Partners has agreed to purchase the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million).

By The Financial District
Jun 1, 20251 min read


Nissan Banks On Hybrid EV Technology to Survive Stiff Competition
Money-losing Japanese automaker Nissan is relying on its latest “e-Power” technology for a turnaround.

By The Financial District
Jun 1, 20251 min read


Nvidia To Launch Cheaper Blackwell AI Chip for China
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model.

By The Financial District
May 31, 20251 min read


China Pushes Back Against EU's Proposed Small Parcel Fee
China has voiced strong opposition to the European Union’s proposed €2 ($2.26) fee on all low-value parcels, warning that the move could hurt Chinese retailers like Shein and Temu.

By The Financial District
May 31, 20251 min read


JBS Shareholders Approve U.S. Listing Despite Opposition
JBS, the Brazilian meat-processing giant, is set to begin trading on the New York Stock Exchange after shareholders approved its dual-listing plan despite strong opposition from environmental groups and U.S. lawmakers.

By The Financial District
May 30, 20251 min read


FTC Drops Challenge to Microsoft’s $69 Billion Activision Deal
The Federal Trade Commission on Thursday abandoned its years-long attempt to block Microsoft’s $69 billion acquisition of Activision Blizzard.

By The Financial District
May 30, 20251 min read


IonQ CEO Sees Nvidia-Like Future for Quantum Computing Pioneer
Quantum computing firm IonQ is aiming to replicate the meteoric rise of semiconductor giant Nvidia.

By The Financial District
May 30, 20251 min read
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