2025-03-14
BMW says tariffs could deliver a $1 billion hit to earnings this year
BMW on Friday warned that new tariffs could cost it as much as 1 billion euros ($1.09 billion) this year, as tensions heat up between Europe, the U.S. and China.
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2025-01-07
CES 2025: BMW's vision-spanning Panoramic iDrive will make sure you never miss another navigation prompt
At a surprisingly star-studded event this morning, BMW showed off the final form of its long-awaited and long-teased Panoramic iDrive system. It's a combination of an oddly angular touchscreen, a [...]
2025-02-02
Trump’s tariffs on Mexico, Canada and China could drive up prices of cars, electronics, fuel, food and more
On Saturday evening, Trump signed executive orders to impose tariffs on Mexico, Canada and China under the International Emergency Economic Powers Act (IEEPA), with a White House fact sheet claiming t [...]
2025-02-24
Apple plans to invest $500 billion in the US over the next four years
Apple plans to ramp up its US hiring and investments. On Monday, the company said it will hire around 20,000 workers and spend over $500 billion in the US over the next four years.<br /> In 2021 [...]
2025-03-27
Trump to impose 25 percent tariffs on all cars not made in the US
President Donald Trump has signed a proclamation imposing 25 percent tariffs on "all cars that are not made in the United States" on top of taxes that are already in place. The tariffs will [...]
2025-03-04
TSMC is investing an additional $100 billion into semiconductor manufacturing in the US
Taiwan Semiconductor Manufacturing Company (TSMC), the world's top semiconductor manufacturer, has pledged to invest another $100 billion over the next four years to boost advanced semiconductor [...]
2025-02-03
Ontario cancels $100 million Starlink contract as a response to those tariffs
Doug Ford, the premier of Ontario and a former staunch supporter of President Trump, has announced that the Canadian territory will be “ripping up” a $100 million contract with Elon Musk’s Starl [...]
2025-03-19
The EU's new charges against Google could lead to at least $35 billion in fines
The EU is moving forward with competition-based regulatory actions against Google and Apple. The European Commission (EC) announced two preliminary charges against Google for failing to comply with Di [...]
2025-03-07
Target's price hikes, Walmart's China strategy, and Starbucks' tough love: Retail news roundup
Target’s CEO Brian Cornell warns that President Donald Trump’s looming tariffs will drive up prices on fruits and vegetables, as the retailer works to recapture the “Tarzhay” vibe. Meanwhile, [...]
2025-01-22
Google is investing another billion dollars in Anthropic
Google has decided to invest another billion into Anthropic, four sources told the Financial Times, bringing its total sunk cost to more than three billion dollars. Both companies have declined to com [...]