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World and Business

World and Business

Tesla Recalls Nearly 700,000 Vehicles Over Tire Pressure System Defect

Tesla has announced a major recall affecting approximately 694,304 vehicles due to a malfunction in the tire pressure monitoring system (TPMS), a critical safety feature that alerts drivers to low tire pressure. This defect, which violates Federal Motor Vehicle Safety Standard No. 138, could increase the risk of accidents, according to a notice issued to […]

World and Business

Party City Closes After 40 Years: What Led to the Shutdown?

The End of an Era for Party City After 40 years as a go-to retailer for party supplies, Party City is officially closing its doors. The announcement came from CEO Barry Litwin, who said the company would “commence a wind-down process immediately.” This marks the end of a decades-long chapter for a brand synonymous with

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World and Business

Where Will Palantir Technologies Be in 1 Year?

2024 was a stellar year for Palantir Technologies (NASDAQ: PLTR), with its stock skyrocketing over 315%. This impressive growth, driven by the ongoing artificial intelligence (AI) boom and robust performance across both government and commercial sectors, leaves investors asking: where could Palantir go in 2025? Let’s dive into Palantir’s recent performance, the factors driving its

World and Business

Starbucks Workers Plan Strikes as Contract Negotiations Reach Impasse

Starbucks employees across the U.S. are gearing up for a five-day strike starting Friday, aiming to pressure the coffee giant over stalled contract negotiations. The strikes, initially planned for stores in Los Angeles, Chicago, and Seattle, have the potential to expand to hundreds of locations nationwide by Christmas Eve. The planned action, led by Starbucks

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World and Business

Amazon Faces Historic Worker Strike Just Before the Holiday Rush

Thousands of Amazon workers in the U.S. and Germany have launched the largest strike in the company’s history, demanding better pay, safer working conditions, and recognition of their unions. The walkouts come at a critical time, just days before the holiday season, putting pressure on the global e-commerce giant during its busiest period. Thousands Join

World and Business

Bitcoin Dips Below $100,000 After Fed’s Interest Rate Announcement, But Optimism Remains Strong

Bitcoin faced a sharp drop below $100,000 following the Federal Reserve’s cautious stance on future interest rate cuts, marking its steepest decline since September. However, industry experts suggest the cryptocurrency’s long-term outlook remains solid despite this temporary setback. Bitcoin’s Rollercoaster Ride On Thursday, Bitcoin briefly plummeted to $98,760 before bouncing back to trade above six

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World and Business

Fed Expected to Announce a “Hawkish Cut” While Eyeing 2025 Economic Outlook

The Federal Reserve is poised to announce a quarter-percentage-point interest rate cut on Wednesday, a move being described by some analysts as a “hawkish cut.” The decision comes amidst ongoing economic uncertainty, including stubborn inflation, strong economic growth, and the incoming Trump administration’s potentially transformative policies. The anticipated reduction would bring the Fed’s benchmark policy

World and Business

Grubhub Settles for $25 Million Over Misleading Practices Toward Customers, Restaurants, and Drivers

Grubhub, one of the most prominent food delivery platforms in the U.S., has agreed to a $25 million settlement following allegations by the Federal Trade Commission (FTC) and Illinois Attorney General Kwame Raoul. The company faced accusations of misleading customers about fees, adding restaurants to its platform without their consent, and misrepresenting driver pay. While

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