Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musks political views continue to keep buyers away, a significant development given expectations that anger with the companys billionaire CEO would have faded by now.
Tesla shares saw an increase despite lower-than-expected deliveries. Nearly 12 crore shares changed hands. This happened amid tensions between Elon Musk and US President Donald Trump. Trump threatened action against Musk. This followed Musk's criticism of Trump's bill. Wall Street indices showed mixed trading. The spat and its potential impact are making investors nervous.
The Reserve Bank of India (RBI) is pushing for more frequent, real-time credit reporting to enhance transparency and consumer experience. Deputy Governor M Rajeshwar Rao highlighted the need for data accuracy and security amidst these advancements. Furthermore, a new 'grameen' credit score is on the horizon to improve financial inclusion for rural populations, particularly self-help groups.
An analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trumps current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins.
A study reveals that US employers may incur significant costs due to President Donald Trump's tariff policies. JPMorganChase Institute estimates a direct cost of USD 82.3 billion for businesses. Retail and wholesale sectors are particularly vulnerable. These tariffs could lead to price increases, layoffs, or reduced profits. The analysis contradicts claims that foreign manufacturers will bear the tariff costs.
