A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive...
Tag: automobiles
Elon Musk says workers should return to the office or quit. It’s a big gamble: ‘Tesla is kick-starting its own local Great Resignation’
Elon Musk is giving his employees an ultimatum. Tesla’s TSLA, -2.36% chief executive officer and founder responded Thursday to an apparent leaked email that called on employees to return to the offic...
Volkswagen says supply-chain problems are easing even as some Audi buyers face year-long wait times
Executives with German automobile maker Volkswagen said at the World Economic Forum meeting in Davos, Switzerland, that supply-chain problems exacerbated by the Russia-Ukraine war are easing but they’...
Bank of America is raising its hourly minimum wage to $22 — here’s how many people don’t even come close to pay like that
Bank of America workers are getting a pay bump at the end June when minimum wages climb to $22 as a part of the major bank’s longstanding plan to get its starting rate to $25 by 2025. It’s good news f...
The technician who called the 2020 market bottom says a ‘shocking rally’ is in store
It’s been a terrible week in an awful year for the stock market. Walmart WMT, -0.82%, Target TGT, -0.62%, and Tencent 700, +3.53% each reported disappointing results to add fuel to the worries about i...
Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: ‘Ridiculous’
Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially W...
‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.
A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the ba...
Weekend reads: How to position your investments before the Federal Reserve causes a bear market
Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly...
As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10%
Stocks are set to get a major bump on Thursday, thanks to blowout results from Tesla, which go some way in easing the sting over Netflix disappointment. With earnings sharply in focus for now, market ...
Carvana stock claws back despite ‘uniquely difficult environment’ that hit earnings
Shares of Carvana Co. were bouncing back in after-hours trading Wednesday after the used-car retailer admitted that both industry-wide and company-specific issues impacted its business in the first qu...
Tesla earnings: Stock jumps after record profit, sales despite supply-chain woes
Tesla Inc. late Wednesday reported another record quarter of sales and profit, blowing past Wall Street estimates even though it said its factories continue to run below capacity due to supply-chain p...
Here are 30 stocks that Goldman Sachs likes when the economy stutters and markets gyrate
Wall Street is finding some traction for Tuesday, as investors wade through big earnings and ample, gloomy distractions. Fighting has ramped up again in Ukraine as the battle begins for the country’s ...
Tesla stockholders ask judge to silence Elon Musk in ‘funding secured’ fraud case
DETROIT — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for s...
Three value stocks that can provide safety as interest rates rise
Stocks have been on a rocky road this year, as investors have tried to anticipate every possible move by the Federal Reserve to combat inflation. Value strategies have held up better than growth strat...
China’s Nio halts EV production as COVID lockdowns disrupt its supply chain
Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will ...
Has The Gas-Powered Vehicle Addiction Finally Reached A Tipping Point?
For anyone who depends on driving for their livelihood and otherwise, passing a gas station on the road adds to a long-running nightmare. As it stands, the average price for a gallon of gasoline in th...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...
A big shift is under way for markets, and old Warren Buffett shareholder letters point to which companies will survive
Given a war and inflation have marked the start of 2022, investors would be forgiven for holding their breath over the rest of the year’s offerings. Our call of the day from a team at Saxo Bank sees a...
Get ready for a ‘new world order’ that drives stocks and bonds: BlackRock
It’s an end of an era. That’s BlackRocks Inc.’s BLK, +1.62% Tony DeSpirito, chief investment officer in the U.S. fundamental equities division of the world’s largest asset manager, telling investors t...
CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.
From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed, such ...
Russia war could further escalate auto prices and shortages
BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more ...
Weekend reads: If you agree that inflation has peaked, buy stocks in this sector
If everyone agreed about the direction of the economy, investing would be easy. But there are mixed signals about whether the rate of inflation has peaked, at least in the U.S. If you are among those ...