Volvo Cars Announces $1 Billion Impairment Charge Due to Launch Delays and Tariffs STOCKHOLM – Volvo Cars, headquartered in Sweden, has announced a one-off, non-cash impairment charge of 11.4 billion Swedish crowns ($1.19 billion) for the second quarter. The company cited adjustments in financial assumptions for the EX90 and ES90 platform, attributed to previous launch […]
European markets showed a muted reaction to Donald Trump’s tariff threat against the region, with investor concern instead focusing on the intensifying White House attack on Federal Reserve chair Jerome Powell. The EU has prepared a list of tariffs worth 21 billion euros on U.S. goods if a trade deal is not reached, according to […]
The leaders of McKinsey, Bain, and Boston Consulting Group (BCG) are at the helm of the world’s most prestigious strategy consulting firms, collectively known as MBB. These firms advise top companies and governments on strategy, mergers, and AI adoption, employing tens of thousands of consultants globally. McKinsey’s global managing partner, Bob Sternfels, leads approximately 40,000 […]
Oil prices edged higher on Monday, building on gains of more than 2% from Friday, as investors focused on potential further U.S. sanctions on Russia that could impact global supplies. However, gains were limited by an increase in Saudi output and ongoing tariff uncertainty. Brent crude futures rose 8 cents to $70.44 a barrel by […]
Amazon (AMZN) announced in May its latest advancement in automation technology: the Vulcan robot, which is “changing the way we operate.” Recently, shares of Teradyne (TER), a key supplier for the Vulcan robot, surged following a report revealing Teradyne’s role in providing one of the robot’s critical features—its limbs. Hunterbrook, a hedge fund and newsroom, […]
Million Dollar Sellers, an exclusive community of 700 Amazon sellers generating at least $1 million annually, offers insights into thriving in e-commerce. Journalist Kathleen Elkins, who has profiled this niche group, highlights the challenges and rewards of selling on Amazon. Key takeaways include the importance of investing in Amazon ads and networking with experienced e-commerce […]
Salesforce CEO Marc Benioff challenges the narrative that AI will lead to widespread white-collar job losses, instead predicting a “radical augmentation of the workforce.” Speaking at the 2025 AI for Good Global Summit, Benioff emphasized that AI is reshaping business at Salesforce but does not foresee mass layoffs. He noted, “That isn’t how I see […]
Apple CEO Tim Cook has created more shareholder value than Steve Jobs, but his weaknesses are increasingly apparent in the AI era. Recent departures of key executives, including COO Jeff Williams and top AI executive Ruoming Pang, raise concerns about Apple’s leadership stability. Apple’s stock has declined 7.2% over the past year, contrasting with the […]
U.S. biofuel makers are expected to consume more than half of all soybean oil produced in the United States next year, according to the U.S. Department of Agriculture (USDA). This surge is driven by recent federal policy changes, including higher blending mandates and restrictions on foreign biofuel imports and feedstocks. In its monthly supply-and-demand report, […]
Palmer Luckey, co-founder of Anduril Industries, is launching Erebor, a digital banking startup targeting crypto clients and startups. The company is raising $225 million at a $2 billion valuation, backed by Peter Thiel’s Founders Fund and Joe Lonsdale’s 8VC. Erebor has filed for a national bank charter and aims to fill the niche left by […]
HOME
Shop
WINDOWS
MICROSOFT
ANTI-VARUS
OFFICE 365
Technical Support