Tesla reported blowout earnings this week, but its biggest growth driver wasn’t cars or robots. Its energy business grew by 52% year over year, earning over $7 billion in revenue so far in 2024. Elon Musk said on Tesla’s earnings call that the energy unit was “growing like wildfire.” Thanks for signing up! Access your…
The Washington Post’s decision not to endorse a presidential candidate has sparked a staff backlash. The paper reported owner Jeff Bezos made the call and that a Harris endorsement was planned. The news sparked fears of management interference and potential self-censorship in a tight race. Thanks for signing up! Access your favorite topics in a…
Goldman Sachs and JPMorgan Asset Management are becoming a bit less bullish. Although the US economic outlook is strong, returns may have been pulled forward. However, real estate — specifically the commercial side — may be poised to take off. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on…
General Motors reported third-quarter earnings that topped estimates. GM’s profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM’s EVs hold a 9.8% share of the US EV market, behind only Tesla. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
Ana Huang started as a completely self-published author. Huang, now a beloved BookTok author, compared self-publishing to running a small business. Huang is releasing “The Striker,” her 13th book, on Tuesday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”,…
No one’s going to sound an alarm, blast out a text message, or shoot you an email about it, but the US economy is undergoing a historic shift. We are leaving one long period of expansion — what economists refer to as a “supercycle” — and entering a very different one. Over the past 15…
The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. LPL Financial’s Quincy Crosby expects the rally to continue into 2025. Don’t worry about election volatility: earnings are strong, and a soft landing looks likely. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer. The benefit is aimed at helping the company attract and retain workers. This comes as firms across the semiconductor industry are concerned about workforce challenges. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
Economist David Rosenberg warns the stock market is in a “mega-bubble.” Rosenberg cites high valuations, investor positioning, and sentiment as warning signs. Despite recent market gains, Rosenberg predicts a recession and advises caution in investing. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
Hong Kong on Saturday recorded an unusually late “very hot weather” warning for the time of the year that broke the city’s past record in 2017, with the mercury reaching as high as 33.6 degrees Celsius (92.48 Fahrenheit). The Observatory clocked temperatures of up to 33.6 degrees until 12.30pm. The record was last broken seven…