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Millions of Australians Head to ATMs for National Cash Out Day

Key Points: Organizers ask Australians to withdraw money today to protest the push toward a cashless society. The movement hopes to hit 1.8 million daily ATM withdrawals to send a strong message to big banks. Recent data show that the use of physical money grew to 15% of all transactions in 2025. The Reserve Bank warns that removing physical money would cause major financial hardships...

Foreign Automakers Threaten to Pull Cheap Cars From US Market Over Trade Deal

Key Points: Foreign car companies warned the Trump administration that they might stop selling affordable vehicles in the United States. Automakers rely heavily on the USMCA trade agreement to keep manufacturing costs low across North America. Canceling or weakening the trade deal would destroy the tiny profit margins on budget cars priced under $25,000. The average new car already costs more than $47,500, and losing...

Foreign Automakers Turn to Chinese Tech in Reverse Joint Ventures

Key Points: Foreign car brands now use Chinese electric vehicle platforms and software to build their new models. Volkswagen and XPeng built the new China Electronic Architecture software system in just 18 months. Analysts describe the rapid technological leap of Chinese automakers during the pandemic as interstellar traveling. Global automakers plan to export these new China-developed vehicles to markets in Europe, South America, and Asia....