China is experiencing a significant shift in its transportation sector with the rise of robotaxis. As major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the US, local Chinese governments have also begun allowing domestic companies to operate robotaxi rides for the public. The introduction of fully autonomous driving taxi experiences
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The world of cryptocurrency exchange-traded funds is about to see a new player: ethereum. With spot ether ETFs potentially entering the market this week pending the approval of the U.S. Securities and Exchange Commission, Bitwise Asset Management’s Chief Investment Officer, Matthew Hougan, is gearing up to seize this opportunity. According to him, the introduction of
With NASA astronauts currently aboard the International Space Station longer than anticipated, uncertainty looms about their return to Earth. The primary option for returning the crew to Earth remains Boeing’s Starliner capsule, despite acknowledgment of potential alternatives by NASA’s leadership. The Starliner capsule, named “Calypso,” has already spent 36 days in space with NASA astronauts
The Federal Trade Commission (FTC) is taking legal action against three major U.S. health companies for their role as middlemen in negotiating prices for medications, particularly insulin. The lawsuits are aimed at UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, all of which are connected to health insurers and play a significant
Over the past decade, there has been a noticeable decline in the share of people with medical debt in collections on their credit reports. A 2023 study by the Urban Institute revealed that in 2013, 19.5% of Americans had medical debt in collections, which dropped to just 5% in 2023. These figures demonstrate a positive
Costco, the popular membership-based warehouse club, recently announced that it will be raising its membership fees in both the U.S. and Canada effective September 1. This increase will see annual memberships go from $60 to $65, while its higher-tier “Executive Membership” will increase from $120 to $130. The fee hike will impact approximately 52 million
With the upcoming presidential election between President Joe Biden and former President Donald Trump, many investors are feeling nervous about what the outcome could mean for their money. A survey conducted by investment company Betterment found that 57% of investors are feeling anxious about the election, with 40% expecting to change their investments based on
The U.S. Federal Reserve is considering cutting interest rates before the end of the year, which could have implications for American travelers heading abroad. The relationship between interest rate policy and the strength of the U.S. dollar is crucial to understanding this impact. When U.S. interest rates rise relative to those in other countries, it
President Joe Biden is considering forgiving the debt of millions of federal student loan borrowers just weeks before the upcoming election. According to the Biden Administration’s Spring 2024 Unified Agenda, the U.S. Department of Education will finalize its rule on student loan relief in October. The current timeline indicates that the execution of the program
The recent surge in home prices, with an astonishing increase exceeding 40% since before the pandemic, should theoretically prompt current homeowners to consider refinancing. However, the reality is quite different, as the cost of pulling out cash through refinancing has become prohibitively expensive due to the skyrocketing interest rates. A report by the Mortgage Bankers