Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’ (fortune.com)
cross-posted from: lemmy.ml/post/17087653
Biden on halting weapons to Middle East: ‘We’re not walking away from Israel’s security’ (fortune.com)
Federal judge blocks Biden administration rule requiring dealers at gun shows to run background checks (fortune.com)
Chinese, Iranian, and Russian cyberattacks against water utilities across the U.S. becoming more frequent and more severe, officials say (fortune.com)
- Attacks against water provider’s websites aren’t new, but now attackers are increasingly targeting utilities’ operations...
Some ex-TikTok employees say the social media service worked closely with its China-based parent despite claims of independence (fortune.com)
Former TikTok senior data scientist:...
Meet a Missouri dad who went from a ‘full-on bigot’ to fighting bathroom bans on behalf of his 16-year-old daughter: ‘When it was my child, it just flipped a switch’ (fortune.com)
Better late than never! 🥳
From skipping meals to working more to moving in with mom and dad—that's how Americans are trying to afford housing (fortune.com)
The salary Americans need to buy a starter home has nearly doubled since the pandemic (fortune.com)
Homes in England are more cramped than ones in New York City and offer the worst value for money in the developed world (fortune.com)
Homes in England are more cramped than those in New York City, according to new analysis that showed UK property offers the worst value for money in the developed world....
The broken housing market is merging with America’s polarized political culture (fortune.com)
It’s no secret that America is an increasingly polarized nation. It stands to follow that our places of residence would also be divided. But instead of a donkey and an elephant, the new emblems of each party might as well be an unowned apartment in a big city and a home in the suburbs. Just consider what Aziz Sunderji has...
Internet cables cut in the Red Sea in 'exceptionally rare' incident, disrupting much of Asia, Europe, and the Middle East (fortune.com)
Inside the shifting plan at Elon Musk’s X to build a new team and police a platform ‘so toxic it’s almost unrecognizable’ (fortune.com)
Over 2,000 shell companies have directors aged 123 years or older, Moody’s found. The oldest known human lived to 122 (fortune.com)
Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses....
China’s Tesla-beating EV maker BYD has carmakers around the world ‘in a state of shock’ over its prices (fortune.com)
When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised....
Iowa governor says it's 'not sustainable' to give $40 per month to kids from low-income families for food (fortune.com)
Iowa will not participate this summer in a federal program that gives $40 per month to each child in a low-income family to help with food costs while school is out, state officials have announced....
‘Greedflation’ study finds many companies were lying to you about inflation (fortune.com)
In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits....
Google is ‘crooked’ and a bully, CEO of Fortnite-maker Epic Games testifies in Play Store trial (fortune.com)
Tesla warns that a federal probe into whether it exaggerated the range of its cars may lead to a 'material adverse impact on our business' (fortune.com)
X, formerly known as Twitter, will begin charging new users $1 a year to access key features including the ability to tweet and retweet (fortune.com)
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