Posts by Amelia Frost
Volkswagen Missed Its Profit Forecast, Deepening Its Crisis. CFO Says 4% Margin Is a ‘Wake-Up Call’
Volkswagen is accelerating one of the most sweeping restructurings in its history after reporting weaker-than-expected second-quarter earnings, with the company’s chief financial officer acknowledging that the automaker must take additional steps to restore profitability while insisting plant closures and job cuts are not the preferred outcome. Europe’s largest carmaker reported an operating profit of 3.5…
Read MoreEU Says TikTok Allowed Kids To Be Vulnerable To Predators. Now It Might Face Massive Fines
The European Union has alleged that ByteDance and its social media platform TikTok are breaking online content rules and making children potentially vulnerable to online predators. The bloc is alleging that TikTok violated its content rules by allowing design features that could make children vulnerable to predators or cyberbullying. Reuters noted that it is the…
Read MoreExpectations For Fed Rate Hikes Dropped After The Latest Inflation Red. They Are Spiking Again Over The War
Fed funds futures price a more than 80% likelihood of an interest rate hike by September as inflation expectations climb again following the most recent flare up in the U.S.-Iran war. CNBC detailed that, according to CME’s FedWatch tool, the figure currently stands at 82%, a 29-point increase compared to the previous week. While traders…
Read MoreExpectations For Fed Rate Hikes Dropped After The Latest Inflation Red. They Are Spiking Again Over The War
Fed funds futures price a more than 80% likelihood of an interest rate hike by September as inflation expectations climb again following the most recent flare up in the U.S.-Iran war. CNBC detailed that, according to CME’s FedWatch tool, the figure currently stands at 82%, a 29-point increase compared to the previous week. While traders…
Read MoreThe U.S. Reportedly Sent Iran a Ceasefire Proposal Through The Iraqi PM. Tehran Rejected it
Iran rejected a ceasefire proposal sent by the U.S. through the Iraqi prime minister on Thursday, according to a new report. The New York Times detailed that Ali al-Zaidi conveyed the proposal to Tehran after visiting Washington earlier this month. However, he was told that Tehran was not interested in a “temporary deal” that would…
Read MoreECB Holds Rates Steady As Oil Risks Loom. Traders Are Betting On A September Hike
The European Central Bank kept interest rates unchanged on Thursday, but financial markets are increasingly betting policymakers will raise borrowing costs again as renewed tensions in the Middle East threaten to push energy prices higher and complicate the fight against inflation. The ECB voted to leave its main interest rate at 2.25%, a decision that…
Read MoreAI Was Supposed To Replace Workers. Google’s Biggest Study Yet Says That’s Not What’s Happening
Artificial intelligence is being embraced across a growing number of professions, but it is largely serving as a workplace assistant rather than replacing employees, according to a new study. The research by Google analyzed nearly 14.65 million anonymized interactions with the company’s AI products over two weeks in April. It found that workers across a…
Read MoreEli Lilly Cleared Two More Trials For Its Next-Generation Obesity Drug. It Will Seek FDA Approval Next Year
Eli Lilly said Thursday it plans to seek regulatory approval in the first quarter of 2027 for its experimental obesity drug retatrutide after the treatment cleared two additional late-stage clinical trials. The company detailed that one of the new studies evaluated adults with severe obesity and established cardiovascular disease who did not have diabetes. After…
Read MoreHome Prices Have Reached A Record High. Foreclosures Are Spiking
An analysis has found that as home prices have continued to rise, so too have foreclosure filings. ABC News reported that foreclosure filings rose by 71 percent between 2020 and 2025. “If there are economic stresses on a household, people have to make decisions,” Jacob Inwald, director of litigation for economic justice at Legal Services…
Read MoreSpaceX’s Stock Has Tumbled Below Its IPO Price. Short Sellers Betting Against It Are Up Billions
Investors betting against SpaceX have amassed an estimated $15.5 billion in paper profits just weeks after the company’s blockbuster initial public offering, as the stock continues to slide below its debut price amid mounting concerns over valuation and heavy spending on artificial intelligence. According to data from analytics firm Ortex Technologies cited by Reuters, short…
Read MoreU.S. Companies Claim China Is Using Their Tech To Build AI Models. Now Congress Wants To Take Action
Lawmakers are taking aim at Chinese AI models, which they say are being developed with stolen U.S. technology. NBC News reported that the bipartisan members of Congress plan to introduce legislation meant to protect American AI companies such as OpenAI and Anthropic. The legislation is being introduced by Sens. Adam Schiff, D-Calif., and Jim Banks,…
Read MoreThe Wedding Guest Dresses That Fit Our 5’2″ (and Under) Editors
As any short woman knows, finding the best petite dresses for wedding guests is no small feat. Whether you’re shopping for petite skirts, dress pants, or even jeans, fit can make all the difference—but formalwear is especially tricky. So many special occasions call for below-the-knee or floor-length silhouettes, but when those dresses are designed for…
Read More