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Investments and Business

Car maker Stellantis says US tariffs have cost it €300m

How US Tariffs Have Cost Stellantis €300m

Albert T. Gudmonson

Automotive giant Stellantis has announced that it is facing an extra €300 million in expenses because of tariffs enforced by the United States, providing a clear example of how current…

Investments and Business

Beef prices are the new egg prices. They’re soaring

Albert T. Gudmonson

Consumers at grocery stores are encountering price surprises once more—this time not near the eggs, but at the meat section. The cost of beef has noticeably increased in the past…

Why China is betting on theme parks like Legoland to boost spending

Investments and Business

Theme parks like Legoland: China’s new approach to ramp up spending

Albert T. Gudmonson

In a bid to stimulate domestic consumption and revitalize its services sector, China is turning to a perhaps unexpected source of economic momentum: theme parks. From global brands like Legoland…

Investments and Business

Stellantis Reveals €300m Impact from US Tariffs

Albert T. Gudmonson

Automotive giant Stellantis has announced that it is facing an extra €300 million in expenses because of tariffs enforced by the United States, providing a clear example of how current…

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Investments and Business

Ryanair reviews bonus scheme for oversized bag detection

Albert T. Gudmonson

Ryanair, the largest low-cost airline in Europe, is said to be considering modifications to its internal incentive program that may result in ground personnel earning larger bonuses for spotting passengers…

China blocks Wells Fargo banker from leaving due to 'criminal case'

Investments and Business

China stops Wells Fargo banker from leaving due to ‘criminal case’

Albert T. Gudmonson

A senior banker working with Wells Fargo has been banned from departing mainland China as officials conduct an investigation linked to an ongoing criminal matter. Sources knowledgeable about the situation…

Investments and Business

Car maker Stellantis says US tariffs have cost it €300m

Albert T. Gudmonson

Automotive giant Stellantis has disclosed that it has incurred €300 million in additional costs due to tariffs imposed by the United States, offering a stark illustration of how ongoing trade…

Retail sales jumped more than expected last month

Investments and Business

Last month’s retail sales show remarkable increase

Albert T. Gudmonson

Consumer spending saw an unexpected boost last month, with retail sales rising more sharply than analysts had projected. This uptick signals renewed momentum in the retail sector, offering cautious optimism…

Comcast’s Peacock to raise streaming prices next week and introduce new streamlined tier

Investments and Business

Price hike coming to Comcast’s Peacock next week alongside new streamlined tier

Albert T. Gudmonson

Peacock, is adjusting its pricing and testing a fresh subscription option as it continues to evolve its offerings in a competitive digital entertainment landscape. Beginning July 23, the cost of…

‘Crypto week’ is a turning point, for better or worse

Investments and Business

‘Crypto week’ signals a transformation, for better or for worse

Albert T. Gudmonson

In a pivotal week for cryptocurrency policy in the United States, lawmakers in Washington pushed forward a series of high-impact legislative proposals aimed at defining the regulatory landscape for digital…