A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024.Courtesy: Business WireRivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday.The companies in a joint press release Tuesday said the size of the deal is now up to $5.8 billion — an increase from an initial $5 billion — with the first VW models to use electric vehicle maker Rivian’s software and electrical architecture arriving as early as 2027.Volkswagen is expected…
Author: usaeverydaylife
In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing.Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis & Rosenberg, said she is fielding “dozens and dozens and dozens” of calls from anxious U.S. companies looking to protect themselves from Trump’s hardline tariff plans by finding loopholes and exemptions.”Absolutely everyone is calling,” Collinson told CNBC. “It is nonstop.”Over the course of the 2024 campaign, Trump made universal tariffs a core tenet of his economic platform, floating a 20% tax on all imports from…
Two top-five teams lost just days after the first College Football Playoff rankings of the 2024 season were released, so there should be a Top 25 shake-up by the selection committee with the second rankings on Tuesday night. Just how much they change after Georgia and Miami lost is the question.My College Football Playoff projections model predicts what the committee is likely to do with its rankings each week. Last week, my projected rankings had 24 of the top 25 teams (the only non-ranked team was Missouri, which I had 26th), so it did a pretty good job of identifying…
US Secretary of State Antony Blinken addresses a press conference in Tel Aviv on January 9, 2024, during his week-long trip aimed at calming tensions across the Middle East, amid continuing battles between Israel and the Palestinian militant group Hamas in Gaza.Alberto Pizzoli | AFP | Getty ImagesThe United States announced Tuesday that there will be no significant policy shift towards Israel, at the conclusion of a 30-day U.S. deadline for improvement in humanitarian aid delivery to Gaza.”We, at this time, have not made an assessment that the Israelis are in violation of the US law,” State Department principal deputy…
Traders work on the floor of the New York Stock Exchange. NYSEThere’s been a rush of enthusiasm on Wall Street regarding Donald Trump’s election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991.When compared with the S&P 500, the industry underperformed regardless of who was president. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. The underperformance gap during Republican administrations…
A Canadian Pacific Railway Co. locomotive pulls a train at the Port of Vancouver in Vancouver, British Columbia, Canada, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty ImagesCanadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration between labor unions and ports ownership.Strike actions by unions and ports ownership lockouts had hit both coasts of the key U.S. northern trade partner. Vancouver and Prince Rupert have been shut down since November 4, while Montreal dockworkers were locked out by ports management on Monday.But the damage…
Denmark consistently ranks among the world’s happiest countries, and most recently was named the No. 1 country for quality of life. If you’ve ever considered a move to Copenhagen in pursuit of nice weather, work-life balance, and competitive pay, now’s your time.This month, The Greater Copenhagen Region launched a marketing campaign for its new “life quality insurance.” The initiative is meant to attract people to the area and guarantee their happiness after arrival.The Greater Copenhagen Region consists of the Zealand, the capital region in Denmark, and Skåne and Halland in Sweden.Interested participants must sign up online, acquire a full-time and permanent…
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day earlier.The FAA’s ban also prohibits U.S. flights from traveling under 10,000 feet in Haiti’s airspace.On Monday, Spirit Airlines Flight 951 from Fort Lauderdale, Florida, diverted to Santiago in the Dominican Republic at around 11:30 a.m. after it was damaged by gunfire, the airline said. Spirit said one…
Scott Boras maintains the base of his agenting empire in an office complex in Newport Beach, Calif., but in the afternoons during the baseball season the headquarters shifts location. Sometimes Boras holds court in a suite before games at Angel Stadium. When the Los Angeles Dodgers are in town, as they were throughout October, he stands behind the backstop as a procession of current and future clients, plus suitors for those players, pay him visits.The rules of Major League Baseball forbid Boras, or any agent, from stepping onto the field. So people come to him.In the hours before Game 1…
This picture taken on April 27, 2023 in Toulouse, southwestern France, shows a screen displaying the Meta logo and the European flag.Lionel Bonaventure | Afp | Getty ImagesMeta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region.The social media company will also offer EU users access to Facebook and Instagram for free if they agree to be shown ads based on a limited set of user data, the company said in a Tuesday blog. Meta originally debuted an ad-free subscription service for the EU…
