Robert Tavares

Far East to U.S. ocean freight rates have surged between 36%-41% month over month, while air freight prices have jumped 9% this year. DHL indicates that ocean freight rate inflation might not ease up before the Chinese New Year in early 2025, with some forecasts predicting rates reaching between $20,000 and a Covid-era peak of $30,000.

Robert Tavares

China is calling on the European Commission to withdraw its decision to impose provisional tariffs on Chinese electric vehicles (EVs) by July 4 and adhere to World Trade Organization (WTO) regulations, as reported by Global Times, citing industry observers.

Lauren Miller

A group of hackers claiming responsibility for a cyberattack on CDK Global’s software systems has demanded millions of dollars in ransom to end the hack, which has affected auto dealers across the United States, Bloomberg News reported on Friday.

Benjamin Hughes

As an estimated $84 trillion is set to transfer from older to younger generations, many Americans worry about achieving financial security in their elder years. Wealth inequality has sparked discussions about both a great wealth transfer and a retirement savings crisis. The U.S. economy seems to have divided consumers into groups of haves and have-nots, and retirees are no exception.

Benjamin Hughes

From hurricanes and tornadoes to wildfires and droughts, new technology is transforming both science and industry. Companies like Tomorrow.io, Google DeepMind, and California-based Windborne are leading the way in detecting weather events with innovative solutions.

Benjamin Hughes

Local Chinese authorities have lifted restrictions on Tesla cars after the company's China-made vehicles successfully passed the country’s stringent data security requirements, the automaker announced on Sunday. This significant development coincided with Tesla CEO Elon Musk's unexpected arrival in Beijing for a meeting with Chinese Premier Li Qiang.