business news

## UAW Strikes Continue Amidst Controversy, Misinformation The United Auto Workers union (UAW) enters the sixth day of targeted strikes against Detroit automakers, including General Motors. The union's leadership faces criticism from GM…

## Rising Mortgage Rates Spur Home Refinancing Demand Mortgage rates recorded another increase last week, but this didn't deter the demand for refinancing. In a surprising turn of events, applications to refinance a home loan climbed by…

**ECB Raises Interest Rates Amid Inflation Concerns** The European Central Bank (ECB) has signaled a potential halt to the continuous increase in interest rates after raising its key rate to a record 4% last week. This move marks the 10th…

**Ray Dalio's Advice to New Investors Amid Economic and Geopolitical Challenges** Renowned U.S. billionaire and hedge fund manager, (https://www.cnbc.com/ray-dalio/), has offered some pertinent advice to new investors. Dalio, founder of…

## UAW Plans Strikes at Major Auto Assembly Plants The United Auto Workers (UAW) union has announced its intention to strike at three major U.S. assembly plants. The plants, owned by General Motors, Ford Motor, and Stellantis, will be…

## Softbank's Arm May Get Secondary Listing in London Hermann Hauser, the founder of Acorn, a venture capitalist firm that played a key role in the early stages of chip design company Arm, has said that he wouldn't rule out a secondary…

# SpaceX No Longer Subsidizing Starlink Antennas In a significant move towards boosting profitability, Elon Musk's SpaceX has ceased the subsidization of Starlink antennas sold with its satellite internet service, a company executive…

Elon Musk's social media platform, formerly known as Twitter, has filed a lawsuit against the state of California over a law that requires social media companies to publish their policies for removing offensive content such as hate speech,…

Headline: Severe Flooding Hits Hong Kong Triggering First Black Rainstorm Warning Since 2021 Subhead: Schools Cancelled, Employers Encouraged to Allow Flexible Work Arrangements Hong Kong is reeling from the impact of its first black…

FAA Halts SpaceX's Starship Super Heavy Launch The Federal Aviation Administration (FAA) announced on Wednesday that SpaceX's Starship Super Heavy launch vehicle is not yet cleared for another test flight. This news comes after SpaceX CEO…