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BUSINESS

AirBnB to Exit China After Repeated ‘Zero-COVID’ Lockdowns
As Chinese authorities double down on “zero-COVID” policies, Airbnb has decided to close down its business in China indefinitely, sources familiar with the matter told media outlets.  Their information as the U.S.-listed short-term housing giant...
Tesla Continues to Grapple With Shanghai Lockdown Under ‘Closed Loop System’
As China continues its crushing lockdown of Shanghai, an increasing number of businesses are reporting huge dips in profits as authorities scramble to uphold the country’s unbending “zero-COVID” policies. Most recently, electric vehicle (EV) maker...
U.S. Credit card spending and home equity lines of credit are on the rise. But what will the consequences be?
US Credit Card Spending Is Way, Way Up
In March, U.S. credit card debt reached a record-high $52.4 billion, a trend that is supporting consumer spending briefly, but is bound to lead to serious consequences, analysts fear. While revolving credit rose by 21.4...
Synthetic biology is a new paradigm of genetic engineering where researchers seek to create genetic material from scratch.
Synthetic Biology: The New Paradigm of Genetic Engineering
Synthetic biology, a technology field that can be thought of as genetic engineering on steroids, promises many benefits for humanity, but opponents fear it may evoke Frankenstein’s monster. “Synthetic biology (SynBio) is a field of...
China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long crackdown that has wiped billions of dollars from one of its most lucrative homegrown sectors. Following the...
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Elon Musk and Joko Widodo Meet to Discuss Possible Investments in Indonesia
On Saturday, May 14, Indonesian President Joko Widodo met with Tesla CEO Elon Musk in Texas to discuss the possibility of investing in batteries and electric vehicle (EV) technology in the Southeast Asian nation.  Following...
Twitter doesn't believe in freedom of speech, stated a senior Twitter engineer in an undercover video sting.
Twitter a Workplace Where Hires ‘Become Commie,’ Project Engineer Says in Undercover Video Interview
The newest object of Elon Musk’s attention, Twitter, “does not believe in free speech” under the outgoing leadership, stated a senior engineer caught in a hidden camera video sting. Additionally, the engineer’s comments depicted a...
Truckers are getting paid less to deliver goods despite this normally being the busiest time of year.
The Cost to Hire a Trucker Is Crashing, but It’s the Busiest Time of Year
The market to contract a small trucking operation to carry goods is crashing despite this being the busiest time of the year, states a new report. Industry analyst website Freight Waves reported on May 12...
COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID” policy, car sales saw a record decline last month as the country’s unbending COVID protocols take a severe toll...