Tesla won’t set up manufacturing plant in India until allowed to first sell and service cars, Elon Musk says

Tesla won’t set up a manufacturing plant in India until it is first allowed to sell and service imported cars in the South Asian nation, the carmaker’s chief executive Elon Musk said Friday, more than a year after an Indian state said that the electric carmaker was planning to open a plant in the southern … Read more

A recession just isn’t in the cards, BofA says. Instead, get ready for ‘extended weakness’

From billionaire investors to former Federal Reserve officials, recession predictions have flooded in since the start of the year. But despite the persistent headlines, many on Wall Street aren’t buying it. Bank of America research economists say consumers shouldn’t expect a recession in 2022; instead, they should prepare for a growth slowdown. why? BofA says … Read more

Amazon investor proposal to review plastic use narrowly fails to clear

May 27 (Reuters) – Amazon.com Inc’s (AMZN.O) investor-led proposal to review its use of plastic won 49% support even as shareholders voted down all the 15 resolutions at the e-commerce giant’s annual general meeting, a regulatory filing showed on Friday. It was the only proposal that came close to reaching the 51% mark for approval. … Read more

Senators Introduces Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

Several US lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the … Read more

Biden leans toward $10,000 in student loan relief, advocates push back

Student loan borrowers gather near The White House to tell President Biden to cancel student debt – all of it with no means-testing on May 12, 2020 in Washington, DC. Paul Morigi | Getty Images Advocates expressed anger and disappointment on Friday in response to news that the Biden administration is leaning toward forgiving $10,000 … Read more