When it comes to investing, time is your friend. The stock market returns an average of 9% every year when you look at it over decades. That doesn’t mean your money will grow by that much every year — there will be volatility — but if you invest in the stock market, your money will…
Elon Musk wants to transform civilization as we know it. The richest man in the world wants to be remembered as a visionary and not as a simple entrepreneur who knew how to detect the direction of the wind of innovation. The tech tycoon wants to differentiate himself from Steve Jobs, the revered founder of…
Elon Musk has accustomed his millions of fans to great promises. He hasn’t been shy about promising self-driving vehicles for 2018. He was back at it in 2018, when he promised that Version 9 of the FSD feature would begin rolling out in August. He did it again during Tesla Autonomy Day in 2019, proclaiming…
Inflation, which is at its highest for 40 years, is a headache for consumers. From food to gasoline to just about everything else, inflation is burning household budgets. Aware of how reduced household spending could hobble the economy — consumption is, after all, the engine of American growth — the Federal Reserve has started to raise interest…
U.S. equity futures deepened their recent declines Monday, while the dollar extended its relentless march against its global peers, as investors retreated from risky global markets amid widespread disruption in currencies and increasing concerns of a near-term recession. An overnight slump in the pound, which briefly dragged the British currency to an historic low of…
Las Vegas Sands (LVS) shares lead U.S. casino operators sharply higher Monday after officials in the city of Macau, the world’s largest gaming hub, agreed to allow tour groups from mainland China for the first time in nearly three years. Macau, a Special Administrative Region of the People’s Republic of China, said group visits -…
The British pound slumped to an all-time low against the U.S. dollar in overnight trading Monday, prompting increased speculation of an emergency rate hike from the Bank of England over the coming days. Sterling was marked as much as 5% lower against the greenback, at an historic low of 1.0325 during its overnight trough extending…
Amazon (AMZN) shares were active Monday after the world’s biggest online retailer said it would hold an early October shopping event to capture demand from value-focused consumers. Following a move from Target (TGT) last week to kick-start its holiday sales efforts a week earlier this year, Amazon said it will host a two-day “Prime Early…
You might think you are crazy if you are seeing holiday items at a retailer already. Don’t worry you aren’t crazy. Retailers have jumped over Halloween right into the holiday season. After multiple retailers struggled with excess inventory, they are now pushing to get a taste of the holiday shopping frenzy early. Inventory management proved…
Ford’s road (F) to future popular and stock market success rests on a big gamble in the form of a gigantic factory near Memphis Tennessee. The blue oval brand has set itself the ambition of producing 2 million electric vehicles globally per year by the end of 2026. In 2021, the group only manufactured 27,140…
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