21 Jul, 2024
2 mins read

Colorado Springs Growth: Local Companies Contemplate $30 Million Expansion

Two local companies are contemplating an investment of almost thirty million dollars to expand their operations in Colorado Springs and create roughly 700 new high-paying jobs in the coming years. On Monday, Colorado Springs Council reviewed incentives: $102,590 sales tax rebate over 10 years for local high-tech small businesses with a code name (“Project Star […]

3 mins read

UK’s Arm Begins US Listing Process After Rejecting London

Arm, a British chip designer, has begun listing its shares on the Nasdaq in New York in one of the largest IPOs in recent years after the London Stock Exchange lost out. The company, owned by the Japanese investor SoftBank, registered to list its shares on the stock market late Monday night, after months of […]

2 mins read

Nissan Issues Recall for 236k Sentras Due to Steering Control Concerns

Nissan has recalled 236,000 Sentra sedans because of a tie rod in the suspension that could deform or break, resulting in the loss of steering control by the driver. Based on documents released by the National Highway Traffic Safety Administration (NHTSA), the voluntary recall affects a total of 236,238 Sentras from the model years 2020 […]

2 mins read

Evergrande, China’s Real Estate Giant, Seeks Bankruptcy

Thursday in New York, China’s Evergrande Group, once the country’s second-largest property developer, filed for bankruptcy. The troubled company borrowed extensively and defaulted on its debt in 2021, triggering an immense property crisis in China’s economy, which is still being felt. Evergrande filed for Chapter 15 protection from bankruptcy, which authorizes a US bankruptcy court […]

2 mins read

Recall Alert: Dehumidifier Brands Pulled from Market Due to Fire and Burn Hazards-Gree

Gree USA, Inc., the American affiliate of a Chinese appliance manufacturer, is recalling 1.56 million dehumidifiers because of fire and burn hazards. In accordance with the Consumer Product Safety Commission, the recalled dehumidifiers have caused 23 fires, 688 overheating occurrences, and $168,000 in damage to property. From 2011 to 2014, these dehumidifiers were widely accessible […]

2 mins read

Tesla Introduces $10,000 Cheaper Model X and Model S with Reduced Range

As competitiveness in the electric vehicle industry heats up, Tesla introduced lower-cost variants of its Model S and Model X automobiles in the United States. Based on Tesla’s website, the lower-cost variants of both vehicles unveiled Monday are $10,000 cheaper than the normal model. The Model X Standard Range costs $88,490, compared to $98,490 for […]

3 mins read

Amazon Postpones Rule Adjustment for UK Sellers at Risk of Financial Distress

Amazon has partially relented following a dispute about new regulations impacting numerous marketplace sellers. Now, the company is releasing a portion of its sale proceeds. Previously, the online retailer informed sellers in the UK and continental Europe that it would retain the sales proceeds for over a week rather than immediately crediting their accounts upon […]

2 mins read

Toyota Initiates Recall of Around 168,000 Vehicles Amid Fire Risk Worries

Toyota has recalled approximately 168,000 recently manufactured vehicles due to a possible fire hazard. The plastic fuel tube could “move and rub against a brake line,” resulting in a fuel discharge, based on a recall notice posted Thursday on the company’s website. In the event of an ignition source, the leaking fuel could cause a […]

2 mins read

Real Kosher: Ice Cream Manufacturer Issues Recall Due to Listeria Contamination Worries

Real Kosher  will be recalling its soft serve ice cream and sorbet containers intended for on-the-go consumption after discovering a possible link to a listeria outbreak. Real Kosher Ice Cream announced in a statement on Wednesday that it would withdraw all six flavors of its Soft Serve on the Go Cups, retail packaged soft serve […]

2 mins read

Elon Musk to Sell Twitter Signs and Memorabilia

Elon Musk, the multi-billionaire, is set to auction various items, including Twitter building signs, after the social media company’s recent rebranding as X. The auction has been called “Twitter Rebranding: Online Auction Featuring Memorabilia, Art, Office Assets, & More!”, The auction presents a chance to own a piece of Twitter’s history. One of the Twitter […]