Elon Musk could become the world's first trillionaire. Here's what that means.
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- Business Insider
One chart shows the dramatic drop-off in ship tracking data from China. This could be a sign of a worsening global supply chain crisis.
The number of AIS signals from ships in Chinese waters has plunged 85% in under a month, according to VesselsValue.
- FX Empire
WTI futures in New York and Brent in London plummeted more than 12% from their pre-Thanksgiving closes during the crash
India's Tata group is in talks with three states to invest up to $300 million to set up a semiconductor assembly and test unit, two sources familiar with the matter said, as part of the conglomerate's push into high-tech manufacturing. Tata is talking to the southern states of Tamil Nadu, Karnataka and Telangana and scouting for land for the outsourced semiconductor assembly and test (OSAT) plant, the sources said, declining to be identified as the matter is not public. While Tata has previously said it would likely enter the semiconductor business, this is the first time news about the group's foray into the sector and its scale has been reported.
The Gasthaus Bavarian Hunter restaurant opened 55 years ago, and they've been serving up schnitzel and mugs of beer ever since. Longtime owner Kim Quade says after 37 years in the business, it's time for retirement.
- ProFootball Talk on NBC Sports
The partners in the law firm of Dowd Bennett LLP and Blitz Bardgett & Deutsch had 276.5 million reasons to be thankful this week. Unde the settlement agreement reached on Wednesday between the NFL and the City of St. Louis, St. Louis County, and the St. Louis Regional Convention and Sports Complex Authority, the law [more]
- Business Insider
A California restaurant shut on Thanksgiving after workers didn't show up, as hospitality staff continue resigning from the industry in droves
The Boston Market in Rancho Cucamonga couldn't fulfil its Thanksgiving orders because staff didn't come to work, reports say.
- LA Times
A Colorado judge affixes a price to spreading the former president's 'Big Lie.'
- The Guardian
Investors have salivated over the Illinois automaker – but juggernauts like Ford and GM still have plenty of advantages IMAGE DISTRIBUTED FOR RIVIAN AUTOMOTIVE, LLC - Rivian R1T all-electric truck in Times Square on listing day, on Wednesday, Nov. 10, 2021 in New York. (Ann-Sophie Fjello-Jensen/AP Images for Rivian Automotive, LLC) Photograph: Ann-Sophie Fjello-Jensen/AP Normal, Illinois, a town of just 55,000 people, could be the future of car manufacturing, according to Wall Street traders, at
Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter. The World Health Organization has designated the new variant, which it named Omicron, as "of concern," according to the South African health minister.
Renewed Covid fears have managed to do what Biden couldn't, sending oil prices crashing as a new wave of demand destruction looms.
(Bloomberg) -- When Indonesia unveiled a plan to turn 2.5 million millennials into farmers within five years, it was a big ask. Success would mean reversing a global trend where tech-savvy youngsters were being lured away from rural areas to exciting startups and city jobs. So far, the results are encouraging.Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAsia’s Richest Man Looks to Walton Family Playbook on SuccessionAn Arab City’s Booming Art Scen
It’s become something of a parlor game these days to speculate about the coming demise of Social Security, and advisors are getting a lot of questions from clients about the potential insolvency of the retirement safety-net program. Health savings accounts have been around since 2003 but aren’t nearly as well understood as 401(k) plans or IRAs. Michael Kitces, the self-proclaimed nerd and practice management guru, is a well-known figure within the financial planning world.
Oil prices have fallen by as much as 12% today as a new COVID-19 variant steals headlines, wreaking havoc on financial markets
- Business Insider
Amazon is confident it can deliver your holiday packages in time. It's chartering its own ships and reportedly using half-empty trucks
From chartering its own ships to building up its air cargo fleet, Amazon has been operating in overdrive to deliver holiday goods in time.
- Business Insider
A Sacramento cafe owner says she hiked her minimum wage to $16.50 an hour but new staff still didn't show up for their first shifts
The owner of Steamers cafe said she's closing up to two hours early every day and axing online orders because she doesn't have enough staff.
Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard, with millions of vehicles worldwide not being produced because important parts are missing. With the problem lasting longer than initially expected, manufacturers including Daimler and Volkswagen have had to rethink production strategies.
- Motley Fool
Oil stocks plunged this morning, and there was a lot more to the rout in the oil and gas sector than just Friday's stock market sell-off. Although most of these stocks regained some ground as the day progressed, each still closed the shortened trading day in the red.
The boss of the world's largest fertiliser producer says gas prices are responsible for higher food prices.
ViacomCBS' (VIAC) acquisition of Fox TeleColombia and Estudios TeleMexico will help it cater to higher demand for Spanish content in Latin America.
- Motley Fool
The grocery chain, which currently has a $1.2 billion valuation, is expanding aggressively in its home country of China. Like a restaurant chain using "dark kitchens" with no retail restaurant counter or dine-in facilities to fulfill delivery orders in the immediate area, Missfresh's "dark stores" use a delivery-only model. During the company's Nov. 11 earnings call, founder and CEO Zheng Xu claimed the DMWs are "offering over 5,000 SKUs and a delivery time of 36 minutes on average per order." The model is intended to appeal to the "more convenient and high-quality lifestyle" Chinese middle-class shoppers are seeking, according to Xu.