Tag: Technology

At the height of the crisis, nearly 10% of U.S. homes were in foreclosure. FangXiaNuo for iStockphoto; Canva ContentsThe Subprime Mortgage Crisis ExplainedHow Do Subprime Loans Differ from Other Types of Mortgages? How Safe Were Subprime Loans? Understanding Adjustable-Rate Mortgage Terms What Happened When Subprime Mortgages Defaulted?What Were the Global Implications of the Subprime Mortgage…

Share to FacebookShare to TwitterShare to Linkedin Tesla’s billionaire CEO Elon Musk had anticipated more robust deliveries at the start of the second quarter. AFP via Getty Images Tesla’s deliveries of new battery-powered cars and crossovers cooled down in the second quarter from the year’s first three months as a prolonged slowdown of production in…

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 at…

It’s the end of a suspense that lasts almost two weeks.  Two weeks that seemed like an eternity in Elon Musk’s world. After having dominated almost all conversations in business circles since the beginning of the year, the richest man in the world had suddenly become silent since June 21, the date of his last…

Share to FacebookShare to TwitterShare to LinkedinTopline A highly watched economic indicator with a good track record in predicting recessions cut its forecast for second-quarter gross domestic product growth this week, implying the nation has fallen into a technical recession despite economists widely calling for a return to growth in the second quarter. After weak…

Elon Musk has many titles even if he hates honors.  He is the chief executive officer of Tesla  (TSLA) – Get Tesla Inc. Report, an “It company” whose name is associated with innovation.  Musk prefers to call himself Technoking, a catch-all title he chose as a joke to show that titles mean absolutely nothing, as he…

A photographer accused of selling photos to pedophiles is allowed to use Instagram for months after he’s arrested. Forbes alerts Meta to more than a dozen accounts with over half a million followers sexualizing child and teenage models. Now the tech giant is coming under heavy fire for its policing of predators. Jane, a 13-year-old…

Share to FacebookShare to TwitterShare to LinkedinThis week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Getty Images On Thursday, the Biden Administration announced a partnership with 11 state governments to accelerate construction of offshore wind energy projects…

The fight for the future begins on Monday. Volkswagen  (VWAGY) – Get Volkswagen AG ADR Report is launching a new weapon in its war with Tesla  (TSLA) – Get Tesla Inc. Report for world electric vehicle domination. The German automaker is slated to digitally debut the pre-production concept of its ID. AERO, its first fully-electric limousine for the…

Elon Musk is having a fine time throwing around his celebrity status in political circles these days. The CEO of Tesla  (TSLA) – Get Tesla Inc. Report announced plans to buy Twitter  (TWTR) – Get Twitter Inc. Report for $44 billion in April. Ever since then, Musk’s tweets have taken on a more political tone, or at…