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Revel, once a pioneer in New York City’s electric scooter and ride-hailing scene, is officially ending its ride-hailing service to pivot entirely toward expanding its electric vehicle (EV) fast-charging business. This strategic shift reflects the company’s evolving focus on supporting the EV transition in major urban markets. Ending Ride-Hailing After Four Years Revel began in…
The Trump administration has rescinded export restrictions on chip design software to China, marking a significant step toward implementing a comprehensive trade agreement reached during London negotiations in June. The move signals both countries’ commitment to reducing trade tensions while addressing critical supply chain dependencies that have strained bilateral relations. Major Chip Companies Resume China…
The US job market delivered a stronger-than-expected performance in June, adding 147,000 jobs and pushing unemployment down to 4.1%. However, beneath the headline numbers lies a more complex picture of economic uncertainty driven by the Trump administration’s trade and immigration policies. Job Growth Concentrated in Select Sectors Despite beating expectations of 117,500 new jobs, the…