Honda Recalls EVs Over Screen Failure

Davos talks signal a global shift as China promotes a multipolar economic order, contrasting with Western volatility. Nations are reassessing trade ties, drawn by China's supply chain dominance and market potential, moving toward a more regionalized and fragmented global trade landscape.

President Trump is urging Congress to cap credit card interest rates at 10% for a year, aiming to help consumers and boost homeownership. Banks' shares rose despite the proposal, highlighting the complex interplay of policy and market reaction.

President Trump's call for a 10% credit card interest rate cap largely went unheeded by the industry. Despite his directive, major issuers and industry groups pushed back, citing concerns about consumer access to credit and potential negative economic effects.

Speculation swirls around Federal Reserve Chair Jerome Powell's future as President Trump intensifies efforts to influence the central bank. Powell's tenure as Chair ends in May, but his governor role extends much longer, potentially prompting him to break tradition and remain on the board amidst concerns for Fed independence.

Paramount CEO David Ellison thanks employees for adjusting to a full-time return to office, highlighting increased energy and productivity. This follows a company-wide directive for in-office work, mirroring a trend seen across the media industry.

As 2026 unfolds, the Federal Reserve navigates political pressures and economic shifts with new leadership. With robust growth and persistent inflation, further interest rate cuts face challenges, keeping the central bank under intense scrutiny.

Norway's car market is overwhelmingly electric, with EVs making up 95.9% of new registrations. This surge, driven by supportive policies and anticipation of tax changes, saw record sales and Tesla dominating the market for the fifth year.

Nasdaq proposes a nearly 24-hour U.S. equity trading day, aiming for late 2026. This plan faces industry criticism over liquidity concerns, potential gamification, and operational challenges, while brokers and other exchanges explore similar extensions.

The UK has signed a new trade deal with South Korea, poised to boost exports of key British products like cars and Guinness. This agreement supersedes a previous arrangement and is expected to inject significant growth into the British economy.

The Federal Reserve has implemented a quarter-percentage-point interest rate cut, facing internal dissent. Despite the move, forward guidance and economic projections suggest a cautious approach, with inflation remaining a concern.

The 2025 Ram 2500 receives a major update but faces stiff competition. While capable, its new features and performance don't decisively outshine rivals like Ford or GM in the heavy-duty truck segment.

Efficient automotive technology, from hybrids to EVs, delivers thrilling performance, serene quiet, and daily convenience while cleaning our air. These compelling benefits ensure its lasting place on the roads.

Honda's charming Super-One electric hatchback, inspired by the Super EV Concept, is set for a 2026 Japanese launch. Though a forbidden fruit for North America, its enhanced performance and playful driving dynamics promise pure EV delight for right-hand-drive markets.

Australia's job market is quietly transforming due to AI adoption. While companies boast efficiency, workers face redundancy. Experts confirm a link between AI and unreported job losses, raising concerns about the future of work.

Los Angeles landmark Cole's French Dip, serving its iconic sandwiches since 1908, will close on August 3rd. The owner cites pandemic aftereffects, entertainment strikes, and rising costs as reasons for the closure, echoing other recent losses in the city's historic dining scene.

A proposal to eliminate taxes on tips is gaining traction in Washington, but experts are divided on its potential impact. While some applaud the idea, concerns are raised about fairness, cost, and whether it truly benefits most tipped workers.