(Anadolu photo) ISTANBUL – The price of gold hit a new record on Monday, with an ounce trading at USD3,127.88 amid uncertainties caused by US President Donald Trump’s trade policies. After hitting an all-time high, the price of gold currently stands around USD3,126 as of local time. The ounce of gold …
Read More »Business
Berlin’s economic rise comes at a price
BERLIN — The Art House Tacheles used to be the epicenter of the alternative art and culture scene in Berlin, an impressive five-story building in the heart of the capital dating back to 1908 and occupied by artists after the fall of the Berlin Wall. People walk along bars and …
Read More »Trump says ‘couldn’t care less’ if auto prices rise
Photo Credit: Yahoo WASHINGTON, D.C. — US President Donald Trump declared on Saturday that he “couldn’t care less” if automakers increase car prices for Americans in the wake of his imposition of import tariffs. There have been reports that Trump threatened auto executives with reprisals if prices jump, but he …
Read More »‘Something is rotten’: Apple’s AI strategy faces doubts
Apple CEO Tim Cook speaks during Apple’s “It’s Glowtime” event in Cupertino, California, September 9, 2024. (Photo by Nic Coury / AFP) NEW YORK — Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts blew out into the open when one of the company’s …
Read More »Elon Musk says xAI startup buying X platform
SAN FRANCISCO, California — Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company once known as Twitter at $33 billion. “This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s …
Read More »Toyota’s global output rises in Feb
FILE PHOTO: The Toyota logo is pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/File Photo TOKYO — Toyota Motor said on Friday its global production rose for the second consecutive month in February, driven by higher …
Read More »US corporate profits hit record high in Q4
Photo Credit: Yahoo WASHINGTON, D.C. — US corporate profits surged to a record high in the fourth quarter (Q4) amid strong demand and pricing power, but an uncertain economic outlook due to tariffs is creating a challenging environment for businesses that economists say could force companies to lay off workers …
Read More »US car buyers face higher prices under Trump’s tariffs
2025 Chevrolet Silverado pickup trucks are displayed at a Chevrolet dealership in Redford Township, Michigan · Reuters LONDON/WHITE LAKE, Michigan — Major automakers can deal with President Donald Trump’s tariffs on US auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or …
Read More »Is there such a thing as a Made in America car anymore?
There’s no such thing as a “Made in America” car anymore. And there hasn’t been for years. Cars across the continent are made through an intricate and complex web of companies working together to make cars efficiently and bring down cost for consumers. Undoing that process would cost billions of …
Read More »Trump’s auto tariffs spark global outcry as price hikes loom
WASHINGTON, D.C. — World powers on Thursday blasted US President Donald Trump’s steep tariffs on imported vehicles and parts, urging retaliation as trade tensions intensify and price hikes appear on the horizon. Major car exporter Germany called for a firm response from the European Union, while Japan said it “will …
Read More »