China’s endeavor to develop robotaxis has gained momentum, prompting concerns among taxi drivers about their job security in a competitive market. While major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the U.S., Chinese cities such as Beijing and Guangzhou have embraced local robotaxi services. The recent surge in popularity of
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The Federal Trade Commission is reportedly gearing up to file lawsuits against three major U.S. health companies for their practices as intermediaries negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC argues that these practices lead to inflated costs for patients, impacting
As the presidential election between President Joe Biden and former President Donald Trump approaches, many investors are feeling anxious about the potential impact on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the upcoming election, with 40% expecting to make changes to their investments based on
An Urban Institute study has shown a decrease in the number of individuals with medical debt in collections on their credit reports over the past decade. In 2013, 19.5% of Americans were burdened with medical debt, with that number dropping to 5% in 2023. Despite this decline, the median medical debt in collections has risen
Micron Technology is a chipmaker that has been receiving a lot of attention from top-rated Wall Street analysts. Despite recent concerns about a potential economic slowdown, Micron Technology has managed to outperform expectations in the fiscal third quarter. The company’s strong performance can be attributed to the rising demand for artificial intelligence (AI) technology, which
Wall Street closed the trading week on a positive note, with tech stocks taking the lead. The Dow Jones Industrial Average saw a modest gain of under 1%, while the S & P 500 and Nasdaq closed at record highs, climbing nearly 2% and 3.5%, respectively. This positive momentum continued from the previous month and
Young, wealthy investors are breaking away from the traditional investment strategies preferred by their parents. Research from Bank of America shows that investors between the ages of 21 and 43 with at least $3 million in investable assets are opting for alternative assets such as hedge funds, private equity, and crypto and digital assets. In
Samsung Electronics recently witnessed a significant surge in its stock prices, reaching the highest level since January 2021. This spike comes as the South Korean tech giant announced better-than-expected profit projections for the second quarter of the year. The stock soared by as much as 2.24% on Friday morning, hitting a peak of 86,500 Korean
The world of competitive eating saw a new champion emerge at the Nathan’s Hot Dog Eating Contest this year. Patrick Bertoletti, a 39-year-old from Illinois, stole the show by consuming a whopping 58 hot dogs in the 10-minute competition. This victory not only earned him the coveted Mustard Yellow Belt in the men’s category but
The landscape of women’s soccer ownership is rapidly changing with the increasing interest of private equity investors. Unlike other major U.S. sports leagues, such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League, where private equity investors are limited to passive, minority stakes, the National Women’s Soccer League