Electric air vehicle manufacturer Eve Air Mobility said Monday that it would extend its existing partnership with Blade Air Mobility to integrate its upcoming “flying cars” into Blade’s European route network. The companies announced their extended partnership at the Paris Air Show held in Le Bourget on Monday, which will integrate Eve’s state-of-the-art electric vehicle…
Electric Aircraft Maker Eve Partners With Blade to Expand ‘Flying Cars’ in Europe
Conservatives Again Call for AIIB Withdrawal
The Conservatives have renewed their call for Canada to pull out of the Asian Infrastructure Investment Bank (AIIB). During Question Period in the House of Commons on June 16, Conservative MP Michael Chong said the June 14 resignation of AIIB executive Bob Pickard, a Canadian, shows the bank is dominated by the Chinese Communist Party. “The…
What Is a Gold IRA Rollover?
June 19, 2023
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In today’s uncertain economic climate, many people are looking for ways to hedge their retirement accounts to combat inflation. Gold IRAs allow investors to put their money into precious metals. While many people feel that their standard employer-provided 401(k) will be enough to sustain them through their golden years, more and more people are waking up to…
Italy Restricts Chinese Company’s Sway Over Major Italian Manufacturer
June 17, 2023
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Italy has approved measures to limit the control of a Chinese state-owned shareholder over the Italian tiremaker Pirelli, citing reasons of national security. Rome’s decision comes after Sinochem, Pirelli’s largest shareholder with a 37 percent stake, notified the Italian government in March of plans to update an existing shareholder pact with Camfin, which is controlled…
Michael Jordan Selling Majority Ownership of Charlotte Hornets
Former basketball star Michael Jordan has reached a deal to sell his majority share of the Charlotte Hornets to an investment group led by Gabe Plotkin and Rick Schnall, the franchise announced Friday. In a press release, the NBA confirmed Jordan will keep a minority ownership stake with the Hornets once the transfer is completed….
Bank Executive Pay Could Be Seized for Failures Under Senate Bill Proposal
June 16, 2023
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The Senate Banking Committee will consider a bipartisan bill that would allow government regulators to seize compensation from executives deemed responsible for a bank failure. The committee’s chairman, Sen. Sherrod Brown (D-Ohio), and Sen Tim Scott (R-S.C.), the panel’s ranking Republican, came to a deal on June 16 after a wave of regional bank failures…
Intel to Invest $4.6 Billion in New Chip Plant in Poland
WROCLAW, Poland/STOCKHOLM—Intel plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build a big chip complex in Germany along with facilities…
Target Facing Major Pushback Over Transgender Controversy as Stock Price Drops
June 15, 2023
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Target is facing stock losses after a massive pushback over transgender merchandise in its stores. Shareholders were hit with lowered projections, according to a report from Bank of America’s Global Research division on June 14, as Target faces the worse downgrade in three years. Many customers have been boycotting Target over its pro-LGBT stance since May, ahead of…
Apartment Rent Growth Is Declining Fast
June 15, 2023
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Apartment rent growth in the United States is declining fast, after years of soaring prices. The decline in rents are giving many millions tenants relief for the first time since the early months of the pandemic, partially due to the increasing amount of apartments on the market. Rental prices may start to ease more this…
Regional Banks Scramble to Unload Commercial Real Estate Loans, Fearing New Crisis
June 14, 2023
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The work-from-home trend has been taking its toll on office landlords and is now making its way through to banks’ commercial loan portfolios, leading some analysts to predict that more trauma could be on the way for regional banks this year. And in the current climate of bank failures, short sellers, and nervous depositors, banks…
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