Business

“Tesla’s sales plummet 13 percent as Musk backlash grows”

“…It was Tesla’s worst production and delivery report in three years. Analysts had expected Tesla to report deliveries in the quarter of 377,592 vehicles, down from 386,810 vehicles a year ago, according to a consensus of 27 analyst estimates compiled by Tesla.… Continue Reading…

Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

Banking

“JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets”

“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…

Economy

“Food crisis grows as spiraling prices spark export bans”

“…The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets… Palm oil prices have risen by more than 50% this year….… Continue Reading…