BUSINESS

Photo Credit: Getty Images

President-elect Donald Trump's transition team revealed plans to eliminate the $7,500 consumer tax credit for electric vehicles. The announcement triggered immediate repercussions across the automotive sector, with Tesla shares dropping 6% to $311.18, while Rivian plunged 14% to $10.31, and Lucid fell 5% to $2.08.

Photo Credit: Getty Images

Nissan Motor announced sweeping restructuring measures, including plans to cut 9,000 jobs and reduce global production capacity by 20%, as the Japanese automaker battles weakening sales in China and the United States.

Photo Credit: Getty Images

This highly anticipated auction at Christie’s this November and December 2024 celebrates the life of a woman who personified style and nurtured spaces that mixed art, design, and culture. This collection encompasses everything from iconic fine art to decorative pieces and presents an unrivaled look into the aesthetic philosophy that defined Ertegun’s career spanning over six decades. Along with her late husband, Ahmet Ertegun-cofounder of Atlantic Records-Mica was the backbone of New York high society, mixing her gift for design with an eye toward refined yet accessible beauty.

Photo Credit: Getty Images:

On Friday, one of Japan's most iconic characters, Hello Kitty, celebrated her 50th birthday. Created by Sanrio in 1974, Hello Kitty, also known as Kitty White, began her life as a "kawaii" (cute) character on a coin purse and evolved into a global cultural phenomenon, charming fans with her cheerful appearance and wholesome spirit.