Volkswagen will close its Dresden factory, marking the first shutdown of a German plant in the automaker’s 88-year history, as energy costs, trade pressures, and falling competitiveness hit the industry.
Chinese camera maker Insta360 gifted employees solid gold keyboard keys as annual bonuses, with one ‘spacebar’ key alone worth about $45,000, symbolizing recognition and stability amid market volatility.
Bill Gates says artificial intelligence could replace most jobs within a decade, leading to a two-day workweek and forcing society to rethink the role of human labor.
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.