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Tesla exports first cars from Shanghai since reopening plant – average

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 11 (Reuters) – Tesla Inc (TSLA.O) on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars […]

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‘Succession’ actor glues himself to Starbucks counter

NEW YORK — Actor and activist James Cromwell has gone from “Succession’s” Uncle Ewan to real-life supergluin’ — pasting his hand to a midtown Manhattan Starbucks counter on Tuesday to protest the coffee chain’s extra charge for plant-based milk. The 82-year-old Oscar nominee, known for “Babe: Pig in the City” and “LA Confidential,” channeled his […]

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Why Bitcoin (BTC), Ether (ETH) Are Rising Today

Bitcoin and ethereum were in the green at press time, with the apex coin trading above the key $30,000 psychological level, as the global cryptocurrency market cap rose 3.4% to $1.4 trillion. Price Performance Of Major Coins coins 24-hour 7-day Price Bitcoin BTC/USD […]

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Prologis Offers to Buy Duke Realty in Nearly $24 Billion Deal

prolog Inc., PLD -5.26% the world’s largest owner of warehouse space, said it offered to buy Duke Realty Corp. DRE 3.92% in a nearly $24 billion deal, a vote of confidence in the e-commerce business at a time when investors are getting nervous about its growth. Prologis controls a 1 billion square foot global network […]

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China’s consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | Afp | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in […]

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Altria’s Surprise Drop Was Small Compared to This After-Hours Move Tuesday

The stock market finally managed to avoid another big down day on Tuesday, with many investors hoping for signs that the economy might not take as big a hit as some have feared. the Dow Jones Industrial Average (^DJI -0.26%) still fell on the day, but both the S&P 500 (^GSPC 0.25%) and the Nasdaq […]

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Occidental Petroleum posts quarterly profit as oil rises

Check out what’s clicking on FoxBusiness.com. It was a strong first quarter for Occidental Petroleum as higher oil prices helped the company post a profit. It was a turnaround in results after reporting a loss in the same period a year ago. GET FOX BUSINESS ON THE GO BY CLICKING HERE Net income came in […]

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Gas Price Average Soars to over $6 in California Counties

The national gas price average hit a new record high in the US on Tuesday, with counties in blue California seeing average prices well over $6 per gallon. The national gas price average reached a record high Tuesday at $4,374 per gallon for regular gasoline, according to AAA. That reflects a 26 cent increase over […]

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Carvana cuts 2,500 jobs, execs to forego pay for severity

Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers — roughly 12% of its workforce — as it tries to bring staffing and expenses in line with sales ByAssociated Press May 10, 2022, 10:19 PM • 1 minute read Share to FacebookShare to TwitterEmail this article DETROIT — Online automotive retailer Carvana […]

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Canoo reports over $125M net loss for Q1, admitting ‘substantial doubt’ it can continue

Following the recent Q1 2022 report from EV startup Canoo, we find the feature image rather fitting. After admitting a net loss over $125 million for the first three months of this year, Canoo is very much stuck out in the woods. With a lack of current cash on hand to realistically get through Q2, […]