You are here

Category: Business

Elon Musk Announces Tesla to Build a Humanoid Robot Prototype by 2022
Image Source: Entrepreneur.com
 Business News 

Elon Musk Announces Tesla to Build a Humanoid Robot Prototype by 2022

VHerald, 0 comment

On Thursday, Tesla CEO, Elon Musk, announced during AI day that the company will create a humanoid robot prototype called “The Tesla Bot”. Musk expects the prototype to be complete sometime next year in 2022. In previous statements made by Musk, he warned about the dangers if Artificial Intelligence powered robots and how he predicts scary outcomes from them. “I like to just keep an eye on what’s going on with artificial intelligence,” Musk told  CNBC’s Closing Bell in 2014. “There have been movies about this, you know, like ‘[The]…

Read More
Johnson & Johnson Swiftly Recalls Sunscreen After Sprays Feature Carcinogen
 Business Family News 

Johnson & Johnson Swiftly Recalls Sunscreen After Sprays Feature Carcinogen

VHerald0 comment

In a laudable move, New Jersey-based Johnson & Johnson is recalling five Neutrogena and Aveeno brand aerosol sunscreen products. The voluntary action derives from the detection of a carcinogen or cancer-causing chemical in several samples. The company has urged customers to immediately stop using the products and dispose of them. Internal testing has shown mild but detectable levels of benzene in some samples. Distributors and retailers are currently receiving notifications from J&J to stop selling the products while arranging for their return in order to be safe than sorry. The…

Read More
Corporate Taxes on Tech Giants
 Business News 

G7 Leaders to Raise Corporate Taxes on Tech Giants

VHerald0 comment

Leaders of the G7 club of rich countries are finalizing plans to introduce higher corporate taxes on tech companies across all member states. This comes as the mounting debts from the Covid-19 pandemic drives leaders in these countries to seek out more ways to increase revenue. Fewer alternatives present as much potentials as corporate taxes, with most of these rich countries being a tax haven for corporations. As the stakes are getting higher, global leaders looking to “get out of this race to the bottom we see with taxes today…especially…

Read More
Retiree Millionaire
Image Source: Sanlam Reality Sanlam Reality
Business News 

Number of Retiree Millionaires Doubles over the Past Year, According to Fidelity

VHerald, , 0 comment

Retirees are gaining back full confidence in 401(k) savings plans after a tumultuous run over the past year. Many retirement saving accounts have recovered from losses that resulted from the pandemic, posting healthy increments over the past few months. This comes off the heels of incredible profit runs in the stock markets in recent times. The S&P 500’s annual returns were up by 20% during the first quarter of 2021 compared to the same quarter last year. And besides a scare from three consecutive days of losses, investors have enjoyed…

Read More