News

US auto dealerships are experiencing a surge in customer traffic as buyers rush to avoid potential price increases caused by President Trump's 25% tariffs on imported vehicles and parts, which are set to take effect on Thursday. The tariffs are expected to impact the cost of both new and used cars, potentially leading to a decline in sales and the elimination of some models from the market.

China's Premier Li Qiang urged global executives to resist protectionism and defend globalization, assuring them of the country's preparedness for "possible unexpected shocks" while pledging to further expand market access for foreign investors. The gathering served as a platform for informal US-China diplomacy, with Li stressing the need for "win-win cooperation" and welcoming continued investment from American firms.

Rep. Marjorie Taylor Greene led a House subcommittee hearing targeting NPR and PBS, accusing them of bias and calling for their defunding and dismantling. Despite Republican attacks, NPR and PBS CEOs defended their organizations, emphasizing their commitment to fact-based reporting and educational programming.

23andMe, a popular genetic testing service with over 15 million customers, filed for Chapter 11 bankruptcy protection on October 15, 2023. This news has sparked concerns about the fate of users' sensitive genetic data, prompting consumer advocates to urge users to take action to protect their privacy.

US stocks fell on Tuesday as investors digested a poor outlook from a consumer confidence survey and concerns about inflation mounted. The Dow Jones Industrial Average managed to close slightly higher, but the S&P 500 and Nasdaq Composite both ended the day lower, marking the fourth consecutive session of decline for both indexes.