Simone Del Rosario
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Tesla opens new German factory as Musk teases ‘master plan’
Tesla finally cut the ribbon on its Germany-based gigafactory Tuesday, presenting 30 customers with the first European-made Teslas in the world. With Giga Berlin officially a go, Tesla hopes to better flood the European market, which has so far been supplied by factories in the U.S. and China (where COVID-19 continues to disrupt its Shanghai… -
Boeing 737 plane crashes in southern China with 132 on board
A Boeing 737 passenger plane crashed Monday in China with 132 people on board. The number of deaths or injuries were not immediately known as firefighters and rescuers rushed to the crash site on the fiery mountainside in the southern province of Guangxi. The China Eastern flight lost contact around 2:15 p.m. while flying around… -
Can Russia keep paying its debts and avoid default? It’s complicated.
Russia claims to have made good on $117 million in interest payments due this week on two dollar-based bonds. But its status over sanctions could put those or future payments in limbo and risk Russia defaulting on foreign debt for the first time in more than a century. The foreign currency reserves Russia has to pay… -
Chipotle, toilet paper makers bringing ‘shrinkflation’ to shoppers
The days of bigger candy bars and mega toilet paper rolls are gone. With record inflation comes “shrinkflation,” the term used when companies give you less product for the same price. Instead of more obviously passing on higher prices to customers in the sticker price, companies sneakily trim product quantities, hoping consumers won’t notice. But… -
The Fed is hiking interest rates. Here’s what that means for Americans.
The Federal Reserve is hiking the federal funds rate multiple times in 2022 in an attempt to depress 40-year-high inflation. The move is meant to reverse easy monetary policies put in place at the start of the pandemic. From March 15, 2020, to March 16, 2022, the Fed’s target interest rate was set to “near… -
Russia stealing $10B of foreign planes, considers seizing other Western assets
Russian President Vladimir Putin is making good on a threat to nationalize assets of Western companies that suspend business over the war. This week, he took the first step by signing a law allowing the seizure of more than 500 foreign-owned planes worth around $10 billion. The planes are leased to Russia’s airlines by foreign… -
Shenzhen, China COVID lockdown threatens Apple, supply chain, inflation
A major COVID lockdown in China’s technology hub could cause knots in the supply chain for U.S. companies like Apple and fuel higher inflation. Residents of Shenzhen, just north of Hong Kong, have been told to lock down for at least a week over a COVID outbreak there. The city has reported more than 400… -
5 Ukraine-based tech companies in the fight against Russia
With Ukraine under Russian attack, people from all backgrounds are being called to take up arms. An unexpected army in the fight is the country’s many tech workers, battling on the front lines and with keyboards. Here are five prominent technology firms that originated from Ukraine in this week’s Five For Friday. #5: MacPaw Mac… -
Inflation hits new 40-year high at 7.9%. Russia’s war could make it worse.
Russia’s threat of war helped fuel February’s inflation numbers, hitting a new 40-year high of 7.9%. The price spike doesn’t include the surge in gas prices and wheat seen in March since the start of the war, which has economists worried the worst could be yet to come. Energy, food and shelter are the largest… -
Profits still elusive for Rent the Runway, the ‘Amazon’ of rented fashion
Two years ago, the rented fashion business was one of the fastest-growing segments in the trillion-dollar fashion industry. Post-pandemic, companies still standing, like Rent the Runway, are trying to find their footing. Cut off from office-going clientele, Rent the Runway quickly lost nearly two-thirds of its business when COVID-19 hit. Surviving meant changing its strategy… -
Bed Bath & Beyond new target for meme-stock leader of GameStop fame
Meme-stock mania is making itself at home at Bed Bath & Beyond now that one of the movement’s leaders took a big stake in the company. After Chewy founder and GameStop chairman Ryan Cohen announced a 9.8% stake in the home goods retailer Sunday, shares soared 85% Monday morning before settling down to a 34%… -
Gas prices top $4 per gallon as US considers banning Russian oil imports
Drivers across the country are feeling the sticker shock as the average price per gallon of gas soared above $4 this weekend for the first time since 2008. On Monday, the national average of $4.065 stood just five cents shy of the national record for regular unleaded, and the price at the pump is 62… -
5 ways Russia is getting canceled, from Harley to Hollywood
Russia’s economy is already buckling under crippling Western sanctions over its invasion of Ukraine. On top of those losses, the country is facing cancel culture, with a staggering number of businesses and industries waging their own economic war. Here are five of them in this week’s Five For Friday. #5: Harley-Davidson Harley-Davidson is suspending business…
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Starbucks to cut 13 drinks from menu amid restructuring
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Trump administration announces DOGE acting administrator
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Trump administration creates undocumented immigrant registry
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DVIDS
Combating suicide in the military community: Weapons and Warfare
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DVIDS
Military suicide prevention efforts fall short despite increased funding
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