Slumping cryptocurrencies have not only had to deal with plummeting values lately, but authorities are uncovering more and more crypto crimes that are adding to the industry’s bad name. U.S. tax authorities have said they were following 50 separate leads into scams involving nonfungible tokens and other aspects of the crypto industry. Tax investigators also…
Rivals of electric vehicle leader Tesla (TSLA) – Get Tesla Inc Report are planning to ramp up production despite worldwide shortages of semiconductors and supply chain, logistics and production disruptions. Covid-19 lockdowns have impacted production in China for Tesla and its rivals such as Volkswagen, Toyota, Nio (NIO) – Get NIO Inc. (China) Report and Li Auto. …
Bank of America has put together a list of what it calls attractive inflation-protected-yield stocks. “With cash moving from worthless to yielding 3%-plus next year … amid [Federal Reserve interest-rate] hiking, we prefer companies that have strong free cash flow or distribute cash to shareholders,” Bank of America strategists wrote in a commentary. “But in…
The world watched another game of business news ping pong on May 13, as Tesla billionaire Elon Musk said he was freezing his deal to buy Twitter and then hours later said he was still committed to the merger. It was yet one more chapter in an increasingly fraught series of negotiations over the fate…
The drama between Twitter (TWTR) – Get Twitter, Inc. Report and Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk refuses to vacate, but can anyone be surprised? Musk’s $54.20-a-share proposal to buy Twitter — equating to a $44 billion deal — has generated a ton of hype. Today, we see Tesla shares ripping and Twitter…
Elon Musk ended weeks of speculation May 10, saying he would allow former President Donald Trump back on Twitter (TWTR) – Get Twitter, Inc. Report if he completes his acquisition of the company. At a Future of the Car event hosted by the Financial Times, the Tesla (TSLA) – Get Tesla Inc Report and SpaceX founder said that he would reverse the…
Facebook (FB) – Get Meta Platforms Inc. Class A Report is preparing for difficult days ahead. The social media giant has just taken steps to reduce its costs in anticipation of the slowdown in growth predicted by many economists. The firm, which renamed itself Meta Platforms last October, has just decided to change its hiring policy.…
Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk has never been afraid to confront his opponents publicly. From his Silicon Valley peers like recently Bill Gates, the co-founder of software giant Microsoft (MSFT) – Get Microsoft Corporation Report, to President Joe Biden, the richest man in the world fears no one. It’s one of…
A resurgence of a Covid-19 outbreak in China in March led to a lockdown in the nation’s largest city Shanghai, disrupting work at technology and electric vehicle plants and other industries’ factories, causing major supply chain, logistics and production issues. Tesla on March 28 shut its Shanghai Gigafactory, but was allowed to reopen its plant…
Tesla (TSLA) – Get Tesla Inc Report does not intend to give up its throne of world leader in electric vehicles. The list of challengers may grow longer every day. But the company led by charismatic CEO Elon Musk always wants to be one step ahead. Besides its design, Tesla has made technological innovation one of its…
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