The Securities and Exchange Commission is investigating Elon Musk’s failure to disclose his massive March Twitter share purchase in a timely fashion, according to to report by the Wall Street Journal. The richest man in the universe took too long to file the required public form while in the process of buying up 9.2% of […]
How do you become the richest man in the world? In Elon Musk’s case, part of it involves making workers in China put in hours that would be unacceptable according to labor norms elsewhere. On Tuesday, the Tesla boss praised Chinese factory workers for pulling extreme hours while taking a shot at American workers. “There […]
On Thursday, gas prices in Florida soared to a new record high. People in the Sunshine State woke up to a $4,398 average cost. The average on Wednesday was $4,321 and one week ago it was $4,176. The national average is just slightly higher at $4.41 .WFLA reports on Wednesday, Agriculture and Consumer Services Commissioner […]
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T Fallon | AFP | Getty Images DETROIT — Shares of General Motors on Thursday hit a new 52-week low and opened at their lowest price since November […]
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of two meme stocks emerged on Thursday, adding an unexpected wrinkle for a stock market that has been dropping in choppy trading for more than a month. […]
Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher […]
Textsize Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan double downgraded shares of both General Motors (ticker: GM) and ford engine (F) to Sell from Buy, skipping Hold. (Analysts typically move ratings one […]
How do you become the richest man in the world? In Elon Musk’s case, part of it involves making workers in China put in hours that would be unacceptable according to labor norms elsewhere. On Tuesday, the Tesla boss praised Chinese factory workers for pulling extreme hours while taking a shot at American workers. “There […]
A worker loads an aluminum coil onto a truck at the Arconic manufacturing facility in Alcoa, Tennessee, on Wednesday, March 9, 2022. Luke Sharrett | Bloomberg | Getty Images Prices at the wholesale level accelerated further in April, part of a broader inflation problem persisting through the US economy, the Bureau of Labor Statistics reported […]
Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) […]