US-EU Trade Talks Intensify, Tariff Deadline Extended

 

The EU and the U.S. are intensifying trade negotiations after President Trump delayed a 50% tariff on European goods until July 9th. EU Trade Commissioner Maros Sefcovic confirmed "good calls" with U.S. officials, emphasizing the EU's commitment to a deal. The delay follows a call between Trump and...

Volvo to Cut 3,000 Jobs Amidst Industry Crisis

 

Volvo Cars, owned by China's Geely Holding, will cut approximately 3,000 jobs, mainly office-based roles in Sweden. This is part of a broader cost-cutting plan aimed at strengthening the company amid industry challenges including tariffs, rising material costs, and slower European sales. The layoffs represent about 15% of...

VW Execs Jailed in Emissions Scandal

 

Four former Volkswagen executives received prison sentences for their roles in a decade-long emissions cheating scandal. Jens Hadler received the longest sentence of four and a half years, while others received lesser sentences, some suspended. The scheme involved manipulating software to cheat emissions tests, resulting in excessive pollution...

VW Execs Jailed for Emissions Scandal

 

Four former Volkswagen executives received prison sentences totaling 17 years for their roles in the 2015 emissions-cheating scandal. Jens Hadler, head of diesel engine development, received the longest sentence of four and a half years for orchestrating the fraud. The scandal drastically reduced diesel car sales in Europe...

Trump's Tariff Threat Sends Apple Stock Plunging

 

Apple shares plummeted after President Trump threatened 25% tariffs on iPhones not manufactured in the US. This adds to Apple's existing 22% year-to-date loss, underperforming its tech peers. The stock has seen eight consecutive closing lows, approaching key support levels around $193 and $169. Resistance levels are...

Memorial Day Brings Huge Savings on TVs

 

Memorial Day weekend offers significant discounts on TVs, especially 65-inch models under $400 at Amazon. New releases from CES 2025 are also included in sales. Deals are available at major retailers like Amazon, Best Buy, and Walmart, with TCL TVs featuring prominently. One standout is the TCL...

Trump Criticizes Cook After Apple CEO Skips Middle East Trip

 

Apple CEO Tim Cook declined an invitation to join President Trump's Middle East trip, a decision that reportedly angered the president. During a speech in Riyadh, Trump publicly praised Nvidia CEO Jensen Huang for attending while criticizing Cook's absence. The trip included a delegation of US business leaders.

Southwest Ends Free Baggage Policy; Fees Begin Wednesday

 

Southwest Airlines will begin charging for checked bags starting Wednesday, ending its decades-long policy of free baggage. This change, driven by revenue pressures and mirroring industry trends, follows other recent alterations to Southwest's business model, including the introduction of basic economy tickets and assigned seating. While the exact...

Volvo Cuts 3,000 Jobs Amidst Cost-Cutting Drive

 

Volvo Cars announced 3,000 job cuts, mainly impacting office roles in Sweden, representing 15% of its office workforce. This cost-cutting measure, part of a $1.89 billion plan, aims to improve cash flow and lower costs amid industry challenges. The cuts include consultant roles and employees in Sweden and other...

Rabbi Lipskar's unwavering support, Rebbe's guidance

 

David Schottenstein recounts his enduring relationship with Rabbi Sholom Ber Lipskar, highlighting two instances of Rabbi Lipskar's unwavering support. First, in 2021, Rabbi Lipskar's advice led to a favorable medical diagnosis for Schottenstein's relative after Schottenstein committed to learning Torah. Second, during Schottenstein's 84-day prison sentence for insider trading,...