New York City just elected a 34-year-old democratic socialist as mayor. Yeah, you read that right. Zohran Mamdani, a state assemblyman who most people hadn’t heard of a year ago, just beat former Governor Andrew Cuomo to become the next mayor of America’s largest city. He also crushed Republican Curtis Sliwa, who finished a distant […]
So Trump and Xi Jinping just met face-to-face for the first time in six years, and apparently it went really well. Like, surprisingly well. Trump literally rated the meeting “a 12 out of 10” when talking to reporters on Air Force One afterward. He cut tariffs on Chinese goods from 57% down to 47%. Xi
Trump’s sanctions on Russia just scored their biggest win yet. Lukoil, Russia’s second-biggest oil company, is dumping all its international assets to a Swiss trading firm called Gunvor. We’re not talking about one refinery or a couple gas stations. Lukoil owns oil projects in 11 countries, refineries in Bulgaria and Romania, a 45% stake in
Volkswagen’s having a rough year. Actually, rough doesn’t quite cover it. The German automaker just reported a €1.3 billion operating loss for the third quarter. That’s their first quarterly loss in five years. And when your CFO starts talking about “mixed results” and “efficiency measures,” you know things aren’t great. Two things are killing them
Remember when Samsung was struggling earlier this year? Their chip division was a mess, profits were down, and everyone wondered if they’d lost their edge to competitors like SK Hynix. Well, forget all that. Samsung just dropped their third-quarter earnings, and the numbers are nuts. Operating profit jumped 160% compared to last quarter. That’s not
So Amazon dropped some pretty heavy news this week. They’re letting go of 14,000 corporate employees. That’s not a typo – fourteen thousand people. The layoffs started rolling out Tuesday, and they’re hitting departments across the board: HR, AWS, the devices team. Pretty much everyone except the warehouse workers and delivery drivers. Now here’s the
