Reported 16 days ago
Source: INVESTORS
Reported 16 days ago
Tesla has launched leasing options for its Cybertruck, with the cheapest starting at $999 per month for all-wheel-drive models, amid worries that EV tax credits might be reduced under a new political climate. The move is aimed at making the vehicle more accessible while sales remain robust, with the Cybertruck ranking as the third best-selling EV in Q3. However, potential changes to tax credits stemming from an upcoming administration could mean these favorable leases won’t last long, urging interested customers to act swiftly.
Source: YAHOO
Reported 16 days ago
Corporate leaders remain largely optimistic about the US economy as Donald Trump begins his second presidential term, despite some uncertainties regarding policies and tariffs. Rich Lesser from Boston Consulting Group highlights the fundamental strengths of the economy, including low unemployment and positive trends in inflation and interest rates. While there are concerns about pricing power and industry-specific challenges, overall sentiment among CEOs is positive.
Source: YAHOO
Reported 16 days ago
In trending financial news, Tesla has achieved a market capitalization of $1 trillion, while the Taiwan Semiconductor Manufacturing Company (TSMC) has announced a halt in sales of its AI chips to China. Additionally, Sezzle's stock has surged following a strong report on its third-quarter earnings.
Source: YAHOO
Reported 16 days ago
Source: INVESTORS
Reported 16 days ago
Chinese stocks declined on Friday after the announcement of a $1.4 trillion debt swap program intended to boost the economy. The announcement raised concerns about its potential implications for market stability and growth, particularly in light of the future trade policies under President-elect Donald Trump.
Source: YAHOO
Reported 16 days ago
Boeing Co. is evaluating the potential sale of its Jeppesen navigation unit, valued at over $6 billion, as part of a strategy to alleviate its $58 billion debt burden. The company is working with an adviser and has seen interest from private equity firms. While selling Jeppesen, which contributes significantly to Boeing's cash flow, could help reduce debts, it may deprive the company of a profitable asset. The possible sale could occur as early as the first half of 2025, as Boeing assesses its portfolio for non-core divestitures.
Source: YAHOO
Reported 16 days ago
Brazil is courting the Chinese satellite manufacturer SpaceSail to compete with Elon Musk's Starlink service, following a tense conflict with Musk over his social media platform X. The Brazilian government, under President Luiz Inacio Lula da Silva, is proposing the use of a military space base to facilitate competition in the low-Earth orbit satellite market, aiming to enhance internet connectivity across the nation's remote areas. While Brazil seeks to strengthen ties with China, it also must navigate its relationship with the U.S., particularly as Musk's influence grows with a potential Trump administration.
Source: YAHOO
Reported 16 days ago
Bernie Moreno, the first car dealer elected to the U.S. Senate, aligns with Donald Trump's proposed agenda for the automotive industry, emphasizing a rollback of regulations aimed at promoting electric vehicles (EVs). Their strategy includes freezing fuel economy standards and providing tax incentives for U.S.-made automobiles. Moreno criticizes current trends in EV production as misaligned with consumer demand and proposes fostering U.S. manufacturing while placing tariffs on imported vehicles, particularly from China. Environmental activists express concern, warning that such changes could hinder progress in reducing emissions and ultimately harm public health.
Source: YAHOO
Reported 16 days ago
DraftKings CEO Jason Robins expressed optimism for 2025 despite the company's third-quarter results falling short of revenue expectations and its reduced sales and profit outlook. Robins noted strong fundamentals in the business, citing growth in user engagement and revenue, while attributing the profit forecast cut to unexpected sports results. He believes that despite these challenges, 2025 will be a significantly stronger year for DraftKings.
Source: YAHOO
Reported 16 days ago
Bloomin' Brands, known for its chains like Outback Steakhouse, is experiencing a decline in share prices after revising its 2024 financial outlook downward. Meanwhile, Sweetgreen reported lower third-quarter earnings than expected, impacted by rising costs but achieved a 6% increase in same-store sales year-over-year.
Source: YAHOO
Reported 16 days ago
Aging plans are essential for individuals and families to comprehensively address the complexities of aging, including physical, financial, and emotional aspects. Annalee Kruger of Care Right Inc. highlights three critical components: starting with family discussions to understand care options, creating a care matrix to optimize caregiving, and preparing a digital checklist of essential documents and information for future needs. These steps help ensure informed decisions and improved quality of care as individuals age.
Source: YAHOO
Reported 16 days ago
In the wake of Donald Trump's reelection as the 47th president of the United States, experts discuss the potential economic ramifications for the nation. During this episode of Capitol Gains, host Rachelle Akuffo, along with contributors, analyze Election Day outcomes, economic exit polling, and what lies ahead as the new administration transitions in. They feature insights from economist Ryan Sweet on economic forecasting and the effects of Trump's tariffs, aiming to unpack how government policies might influence individual financial situations post-election.
Source: YAHOO
Reported 16 days ago
President Biden is racing to allocate remaining funds from the CHIPS and Science Act, which provided $39 billion in federal grants for U.S. semiconductor manufacturing, before Donald Trump potentially takes office again. As little of the funding has been distributed so far, Biden aims to finalize contracts within the next two months to ensure the aid reaches chipmakers.
Source: YAHOO
Reported 16 days ago
Recent consumer sentiment data from the University of Michigan shows that Americans' inflation expectations have decreased to 2.6% for the upcoming year, marking the lowest level since December 2020. While short-term expectations are down, long-term expectations slightly increased to 3.1%. Despite ongoing inflation, the Federal Reserve believes that progress is being made in combating it, even as consumer behaviors remain key in assessing inflation trends.
Source: YAHOO
Reported 16 days ago
Paramount's third-quarter results show growth in its streaming service with 3.5 million new subscribers and an 18% increase in advertising revenue, despite persistent challenges in its linear TV and studio divisions. The company's stock price has dropped, and it anticipates a merger with Skydance Media in 2025, while analysts predict similar streaming strengths but ongoing issues for Disney's linear TV business.
Source: YAHOO
Reported 16 days ago
President-Elect Donald Trump has appointed Susie Wiles, his campaign advisor, as his chief of staff. This decision is significant during the ongoing discussions about his Cabinet, highlighting Wiles's crucial role in the nomination process for other administration positions. Her experience working closely with Trump is expected to influence the direction of his upcoming presidency.
Source: YAHOO
Reported 16 days ago
Stellantis and its Chinese partner Leapmotor have abandoned their project to produce a second electric vehicle model at a Polish plant due to pressure from the Chinese government. The partnership is now considering alternative production sites in Germany and Slovakia, following the EU's decision to impose tariffs on Chinese-made EVs. The B10 electric crossover, recently showcased at the Paris Motor Show, may shift production away from Poland, where the local industry supported the EU's tariff proposals.
Source: YAHOO
Reported 16 days ago
The long-standing ban on Salman Rushdie's 'The Satanic Verses' in India faces uncertainty due to missing documentation. A recent court ruling in New Delhi acknowledged the absence of the original ban notification, leaving the import of the novel technically unprohibited for now. However, it remains unclear if the book will be available in stores, as local bookstore employees reported being unaware of the situation. Rushdie, who has faced significant challenges over the years, including a life-threatening attack in 2022, has yet to comment on this development.
Source: YAHOO
Reported 16 days ago
Ernie Garcia II, father of Carvana CEO Ernest Garcia III, has profited $1.4 billion from selling company shares since April, as their value soared to $2.5 billion after a significant rally. Having sold nearly 10 million shares, he retains over 69 million Class B shares, contributing to his substantial net worth of $17.6 billion. The impressive rise in Carvana’s stock follows restructuring efforts that improved sales and reduced costs, leading to recognition from analysts. Garcia II's extensive trading has raised concerns among investors about possible stock market fluctuations.
Source: YAHOO
Reported 16 days ago
At the 54th WEF annual meeting in Davos, EBRD President Odile Renaud-Basso emphasized that multilateral development banks are increasingly investing in climate change initiatives, especially amidst concerns over U.S. climate policy under President-elect Donald Trump. Renaud-Basso announced that the EBRD plans to allocate billions towards supporting poorer nations in addressing climate impacts, having committed $7.5 billion to climate finance in 2023 alone. She also warned that rising trade tensions could negatively affect growth in emerging markets and highlighted the importance of steady reform policies in countries like Turkey.
Source: YAHOO
Reported 16 days ago
This guide emphasizes the importance of high data quality in enhancing the effectiveness and ROI of real-time transportation visibility platforms. It details how poor data accuracy can hinder performance and reduce returns on investment. The guide offers insights into the significance of data quality, showcases Shippeo's strategies for addressing data challenges, and shares best practices to improve data accuracy, ultimately helping logistics teams make better decisions and elevate their operations.
Source: YAHOO
Reported 16 days ago
Source: WSJ
Reported 16 days ago
PACS Group Inc., a nursing home operator, saw its stock plummet by 67% after a short-selling report from Hindenburg Research accused the company of fraudulent practices related to taxpayer-funded health care. The plunge wiped out approximately $2.5 billion from the fortunes of cofounders Jason Murray and Mark Hancock, who faced losses of $1.26 billion each. The company's struggles continued with an announcement of civil investigative demands tied to its practices. Despite ongoing investigations and delays in releasing financial results, analysts maintain a generally positive outlook on the firm.
Source: YAHOO
Reported 16 days ago
Tesla's market value surpassed $1 trillion this Friday, driven by optimism over favorable regulatory treatment for the company following CEO Elon Musk's backing of President-elect Donald Trump. Shares of Tesla rose over 6%, reflecting a renewed confidence in the electric automaker's autonomous vehicle technologies and indicating that the election results could accelerate regulatory approvals crucial for Tesla's growth.
Source: YAHOO