More from Mohammed Ali
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Tesla takes EU to court over tariffs on Chinese EVs
Tesla has filed a lawsuit against the European Union, challenging tariffs imposed on electric vehicle imports from China. The case, initiated by the Elon Musk-led company’s Shanghai subsidiary, was confirmed by the European Court of Justice on Monday, Jan. 27, though specific details about the legal arguments remain undisclosed. Why did the EU first impose… -
Trump calls out Bank of America, Chase for debanking conservatives. Are they?
President Donald Trump took aim at some of the largest banks in the U.S. on Thursday, Jan. 23, during his address at the World Economic Forum. While speaking about his early accomplishments and economic agenda, the president accused Bank of America and JPMorgan Chase of refusing business from political conservatives. During the event in Davos,… -
Trump signs executive order rolling back EV policies, state emissions rules
President Donald Trump has signed an executive order reversing federal policies that incentivize electric vehicle (EV) adoption. The new administration is also targeting emissions rules adopted by some states that further encourage EV purchases. What Biden-era EV policies does this order target? The Biden administration had implemented a range of measures to support transportation electrification… -
Trump order temporarily halts permitting for all wind energy projects
President Donald Trump signed an executive order temporarily halting offshore wind leases in federal waters. The order will also pause the issuance of approvals, permits and loans for both onshore and offshore wind projects. As a part of this move, the Interior secretary has been tasked with conducting a comprehensive review of leasing and permitting… -
National debt is at its ceiling on Trump’s second day in office
President Donald Trump’s pick for treasury secretary, Scott Bessent, cleared his first confirmation hurdle from the Senate Finance Committee on Tuesday, Jan 21. On the same day, the agency he hopes to lead started taking “extraordinary measures” to keep from breaching the debt ceiling. According to the Treasury Department, the national debt stands at a… -
Will ‘no tax on tips’ make tipping culture even more taxing for Americans?
A bipartisan group of lawmakers led by Sen. Ted Cruz, R-Texas, introduced a bill to do away with taxes on tipped income. The legislation comes as Americans are already tipping less as prices rise, along with tipping fatigue. Cruz and his cosponsors promised this bill would offer financial relief for those who need it most.… -
Inflation rises 2.9% in 2024 as consumer prices heat up heading into 2025
Inflation continued to head in the wrong direction in December. Consumer prices rose 2.9% on the year, hotter than the 2.7% rise in November. On the month, prices rose 0.4%, the highest monthly rise since February. In November, prices rose 0.3%. It’s the third month in a row the key inflation gauge rose. It’s now… -
Bias Breakdown: Was LA wildfire response failed policy or politicized?
California officials are facing intense scrutiny in the wake of the devastating wildfires that broke out in Los Angeles, causing widespread destruction. The fires, which resulted in the loss of dozens of lives and thousands of homes, have sparked a wave of criticism directed at key figures, including Los Angeles Mayor Karen Bass, California Gov.… -
US economy wows with 256,000 jobs added in December, more than expected
The U.S. economy added 256,000 jobs in December, roughly 100,000 jobs more than expected. The unemployment rate ticked down to 4.1% from November’s 4.2%. December’s jobs figure was even higher than November’s 212,000, which experts said was skewed higher by people returning to work from strikes and hurricanes. December’s Labor Department’s report appeared to be… -
How Jan. 6 reflections differ among left, right media: Bias Breakdown
It’s been four years since supporters of former President Donald Trump took to the U.S. Capitol on Jan. 6, 2021, in protest of the 2020 presidential election results. The events of that day continue to make headlines and spark intense debate. While the Capitol riot is remembered as a pivotal moment in U.S. history, it… -
Why mortgage rates are going up while the Fed is cutting rates
Prospective home buyers who thought the Federal Reserve’s rate-cutting cycle would relieve high mortgage rates were in for a rude awakening in 2024. Since the date of the Fed’s first cut in September, the rate on a 30-year fixed mortgage has gone up nearly a full percentage point, even though the Fed has cut two… -
Meta’s new head of global policy Joel Kaplan has close Republican ties
Meta is putting a Republican in charge of global policy just weeks before President-elect Donald Trump takes back the White House. Joel Kaplan is a former deputy chief of staff to President George W. Bush and has close ties to the Republican Party. He’ll replace former deputy prime minister of Britain Nick Clegg. Clegg said it… -
Is your Wi-Fi router a national security risk? US government weighs ban
TP-Link is the bestselling Wi-Fi router internationally and on Amazon. Now, the U.S. government is considering banning these devices over cyberattack risks. According to a Wall Street Journal report, investigators at three agencies, Commerce, Defense and Justice, are looking into these Chinese-made routers. In October, Microsoft said it was tracking “a network of compromised small…