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Automotivein Financial Markets
2 hours ago

The Senate considers rolling back fuel efficiency rules, while Volkswagen announces robotaxis for Uber in LA, with 500 arriving next year. Meanwhile, Toyota plans to hike US car prices by $270 starting July, reflecting industry shifts amid regulatory and tech changes.

Apple internally weighs bid for ChatGPT rival Perplexity, Bloomberg says

Investing.comFriday, June 20, 2025 at 9:36:53 PM
Apple is reportedly considering a bid for Perplexity, an AI startup seen as a competitor to OpenAI's ChatGPT. According to Bloomberg, the tech giant is internally debating whether to acquire the company—a move that could signal Apple's ambitions to deepen its AI capabilities rather than just partner with existing players like OpenAI or Google.
Editor’s Note: Apple's been playing catch-up in the AI race, so scooping up a promising startup like Perplexity could give it a shortcut to more advanced tech. But it’s also a gamble—big acquisitions in AI are risky, and Apple’s usual playbook is building in-house or forming partnerships. If this happens, it could shake up the AI landscape and hint at how serious Apple is about competing with rivals like Google and Microsoft.
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Latest from Financial Markets
A.I. Sludge Has Entered the Job Search
negativeFinancial Markets
Job seekers are increasingly drowning in a flood of AI-generated applications, automated rejections, and impersonal hiring processes. Companies are relying on algorithms to sift through resumes, often leading to qualified candidates getting lost in the digital noise. Meanwhile, applicants are using AI tools to mass-produce cover letters and applications, creating a vicious cycle where both sides struggle to connect meaningfully.
Editor’s Note: The job market was already tough—now it’s becoming a robotic battleground. When AI handles both applying and hiring, real people get squeezed out. This isn’t just frustrating; it could mean great talent slips through the cracks while companies miss out on the human touch they actually need. If this trend continues, finding a job (or the right hire) might feel more like shouting into the void than building a career.
Senate Weighs Effectively Killing Rule That Drove Rise of Fuel-Efficient Cars
negativeFinancial Markets
The Senate is considering scrapping a rule that penalizes automakers for not meeting fuel-efficiency standards—a policy that once pushed the industry toward greener cars like the Prius. Now, car companies are divided: some want the fines gone, while others worry it could stall progress on cleaner vehicles.
Editor’s Note: This isn’t just about fines—it’s about whether the U.S. keeps pressure on automakers to innovate or lets them off the hook. If the rule disappears, it could slow down the shift to fuel-efficient cars at a time when climate change is screaming for faster action. Not great for the planet, and maybe not even for automakers in the long run.
What the food is like on a Viking Cruises ocean ship
positiveFinancial Markets
If you're imagining endless buffets and generic cruise fare, Viking Cruises might surprise you. Their ocean ships focus on elevated dining with fresh, locally inspired dishes—think Nordic seafood platters or Italian pasta made with regional ingredients. It's more "high-end restaurant" than "all-you-can-eat," so foodies will love it, but those craving classic cruise indulgence might need to adjust expectations.
Editor’s Note: Cruise food has a reputation for being mass-produced, but Viking is challenging that. This matters because it reflects a bigger trend—travelers now prioritize quality over quantity, even at sea. If you care about good food (and don’t mind skipping the midnight soft-serve bar), this could sway your next vacation choice.
Amazon is selling a $120 Fire HD 8 Plus Tablet for $55, and shoppers say it's 'capable, solid, and fast'
positiveFinancial Markets
Amazon just slashed the price of its Fire HD 8 Plus tablet from $120 to a bargain $55, and early buyers are raving about its performance—calling it "capable, solid, and fast." One shopper even joked, "How did I live without this before?"
Editor’s Note: For anyone on the fence about grabbing a budget tablet, this deal is a no-brainer. It’s rare to see a well-reviewed device at this price point, and with Amazon’s ecosystem behind it, it’s a steal for streaming, reading, or light work. If you’ve been holding out for a cheap but reliable tablet, now’s the time.
Agriculture self-reliance: Govt says oilseeds and pulses output growing faster; MPs raise alarm over costly edible oil imports
neutralFinancial Markets
The government is touting progress in domestic oilseed and pulses production, reporting a 55% jump in oilseed output over the past decade. But MPs aren’t popping champagne just yet—they’re worried the country’s still hooked on pricey edible oil imports, especially palm and soybean oil, which make up a big chunk of demand.
Editor’s Note: On paper, boosting homegrown crops sounds great—fewer imports mean more control over prices and supply. But the gap between rising production and stubborn import reliance shows this isn’t a quick fix. With global food prices swinging wildly, India’s push for self-sufficiency could be a buffer against future shocks… or just a headline win if imports keep draining cash. Either way, your grocery bill’s caught in the middle.

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