INVESTING

Tesla Rivals Challenge Its Lead as Nio Sets Encouraging Record

Electric vehicle makers have been struggling over the last two years to produce and deliver cars, trucks and SUVs despite obstacles such as supply chain disruptions, semiconductor shortages and factory shutdowns caused by the covid pandemic. The industry’s leading EV manufacturer Tesla (TSLA) – Get Tesla Inc. Report on July 2 said that plant closures …

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Bobby Bonilla Day: Here are other retired players who get huge annual payments

“Bobby Bonilla Day” was trending on Twitter on Friday as it does every year on July 1. That’s because it marks the annual date when the former New York Mets player receives $1.2 million from the team, despite being retired for over a decade. Bonilla’s agent, Dennis Gilbert, orchestrated a contract payout for the third …

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Here’s how much the average working boomer has saved for retirement

Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t so much bleak as devastating. Less than half …

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Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Elon Musk wants to share some good news. Tesla (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy. Musk said the electric vehicle maker faces billions of dollars in losses from …

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EV Sales are Surging, so Why Are Automakers Planning Layoffs?

While electric vehicles are enjoying an unprecedented surge in popularity, ongoing supply chain problems, and growing recession fears are beginning to hit the automotive industry. EV sales rose 65% in Europe last year and doubled in the United States. But automakers are facing higher material and labor costs along with supply chain woes. The popularity …

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Burger King’s Menu Has Answers for the French Fry Shortage

A burger and fries simply go together. They’re the Ernie and Bert of fast-food pairings; it’s nearly impossible to think of any other food accompanying a hamburger. Perhaps that’s why McDonald’s (DCM) – Get McDonald’s Corporation Report has never struggled to keep in stock the apple slices it offers as a substitute for fries in …

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Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, …

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