You never get bored with Elon Musk, people in business circles tend to say. The whimsical and charismatic CEO of Tesla (TSLA) has completely rewritten all the practice manuals in business. He has shaken up customs, buried traditions. Musk is unique and intends to remain so. He imposed his rules and sometimes even the regulators…
Elon Musk took out the carrot. The CEO of Tesla (TSLA) tried on October 19 to reassure the electric vehicle maker’s shareholders after a completely disastrous first half of October for Tesla shares. Tesla shares have lost 16.3% since September 30, which translates into a decline in market value of approximately $135 billion. The decline…
Many top economists, such as Harvard’s Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve. The economy shrank 1.6% in the first quarter and 0.6% in the second. Consumer prices soared 8.2% in the 12 months through September, and…
Jeep took its time — but the iconic all-terrain-vehicle brand finally got here. “Here” is the brand’s first 100%-electric vehicle. And the company is not hiding its ambition to unseat Tesla (TSLA) as the dominant force in the SUV segment of green vehicles. Indeed, Elon Musk’s group, the world’s No. 1 in electric vehicles, and its…
What do companies as diverse as Twitter (TWTR) , Tesla (TSLA) , Netflix (NFLX) , Coinbase (COIN) , Snap (SNAP) , Shopify (SHOP) , Oracle (ORCL) and Crypto.com have in common? After many months of strong hiring, all have laid off workers in the last years. The problem has been particularly acute in the tech industry,…
It’s been a rough 2022 for famed money manager Cathie Wood, chief executive of Ark Investment Management, as her exchange-traded funds sink. Wood’s flagship fund, Ark Innovation ETF (ARKK) , plunged 64% year to date through Oct. 14, hitting a five-year low. Ark Innovation has tumbled 79% from its February 2021 record high. Soaring interest…
The pandemic created perfect growth conditions for a variety of companies. Some simply added a lot of customers that would have eventually found their product anyway. That’s what happened with the Disney+ streaming service for example. People being stuck at home led to meteoric growth, but Walt Disney probably would have eventually captured those customers.…
Lagging indicators are economic metrics that use backward-looking data. mashabuba fromGetty Images Signature; Canva ContentsWhat Are Lagging Indicators? How Do They Differ From Leading Indicators?Examples of Leading Indicators vs. Lagging Indicators Are Interest Rates a Lagging Indicator? Is Inflation a Lagging Indicator? Is Unemployment Leading or Lagging? Which Indicators Are Not Lagging? What Are Lagging…
Of all the products and services that Elon Musk and his various companies provide, Starlink, the secure satellite internet access service, has in recent months become globally prominent. Now available in all continents, Starlink has become a window on the world for people living in dictatorships, in countries that have been devastated by natural disasters,…
Addressing recent predictions that the U.S. economy is headed for recession, President Joe Biden maintains that it is not inevitable. Biden made an appearance on CNN in an interview with Jake Tapper Tuesday. “I don’t think there will be a recession,” Biden said. “If it is, it will be a very slight recession. That is,…
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