Stellantis takes massive $26B hit after moving away from EVs

Stellantis takes massive $26B hit after moving away from EVs

Valvoline CEO Lori Flees discusses the used car boom, decreased interest in electric vehicles and more on ‘The Claman Countdown.’ Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs. Stellantis…

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EU says TikTok must disable ‘addictive’ features like infinite scroll, fix its recommendation engine

EU says TikTok must disable ‘addictive’ features like infinite scroll, fix its recommendation engine

The European Commission on Friday accused TikTok of purposefully designing its app for being “addictive,” calling out features such as infinite scroll, autoplay, and push notifications, as well as its recommendation engine. In preliminary findings from an investigation that sought to determine TikTok’s compliance with the European Union’s far-reaching Digital Services Act, the Commission said…

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California's 'billionaire tax' will be 'disastrous' and cause wealthy to flee, economist predicts

California’s ‘billionaire tax’ will be ‘disastrous’ and cause wealthy to flee, economist predicts

FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’ A proposed tax targeting California’s wealthiest residents is drawing strong support from likely voters, but critics warn it would discourage investment and trigger an exodus of high-income earners and businesses from the state. “I think it’s…

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