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Business

“Tesla’s China-made EV sales fall 18% in April; shares slip”

May 9, 2024

“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…

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Business, Stocks

“Trump Media is up 92% since launching a crusade against short sellers”

May 9, 2024

“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers. “TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate… Continue Reading…

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Business, Stocks

“Shares of Nio soar more than 20% as EV deliveries more than double in April”

May 8, 2024

“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…

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Business, Stocks

“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”

May 8, 2024

“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”… Peloton’s shares surged more… Continue Reading…

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Business

“The demise of Red Lobster is a perfect case study in how to kill a business”

May 8, 2024

“…Red Lobster is being bogged down by increased labor costs and expensive leases on its restaurants. Some observers were quick to blame the financial woes on its decision last year to make its “Endless Shrimp” promotion, which used to be… Continue Reading…

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Business, Energy

“Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers”

May 7, 2024

“Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts… Continue Reading…

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Business

“Huawei’s quarterly profit surges as it takes China phone market share from Apple”

May 7, 2024

“Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from U.S. sanctions. Huawei’s revenue for the quarter to… Continue Reading…

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Business

“Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion”

May 6, 2024

“… …” https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.

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Business

“Americans cash out of sustainable funds”

May 3, 2024

“U.S. sustainable investment funds, including ETFs, suffered their worst-ever exodus in Q1. They saw $8.8 billion in net outflows, per new data from Morningstar. Why it matters: That outflow stands in stark contrast to consistent inflows through the first quarter of… Continue Reading…

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Business

“Second Boeing whistleblower dies suddenly after claiming safety flaws ignored”

June 4, 2026

“A whistleblower who accused Boeing of ignoring safety flaws in the 737 MAX airplanes has died. Joshua Dean, a former Spirit AeroSystems quality auditor, claimed he was fired for flagging concerns about lax standards at the company’s manufacturing plant in… Continue Reading…

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