Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states between now and 2026. (June 2)
- Business Insider
An Uber driver says she ditched her Toyota for a Tesla because her Camry cost $600 a week to fuel compared with $450 for leasing and charging a Model 3
Uber driver Heidi Barnes told Bloomberg the cost of a tank of gas for her Camry had shot up from $60 to $100.
(Bloomberg) -- Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading gasoline and diesel exporter, has been forced to step up imports of the fuels.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsTesla Cuts 200 Autopilot Workers as California Site ClosesTrump’s Final Scene Didn’t Go According to ScriptBig Tech Sinks Stocks Bruised by Recession Jitte
- Business Insider
The CEO who decluttered Bed Bath and Beyond's stores is out. We visited one location to see what the transformed shopping experience looks like.
A store in Rochester, New York had less varied merchandise and looked more organized than in the past.
- The Takeout
The annual Top 500 Report from Nation’s Restaurant News is always such a wealth of fast food industry insight, it should come with a digital bow on top. Each year, NRN tracks the sales performance of America’s biggest restaurant chains and compares them against previous years, the charting of which paints a portrait of America’s shifting tastes across the decade. This year’s report, looking back at 2021 data, shows that fast food had a healthy rebound over a shaky 2020, with every chain growing
- Business Insider
Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says
The G7's potential plan to cap Russian energy prices "sounds like a recipe for disaster right now," SEB analyst Bjarne Schieldrop said.
- FX Empire
Crude oil markets have fallen hard during the trading session on Thursday as we continue to see a lot of negativity out there when it comes to commodity markets.
- Yahoo Finance Canada
RBC energy strategist Michael Tran says the supply-side of the oil price equation has been largely de-risked by recent events.
John Eastman, a former Trump lawyer who helped design the plan to overturn the 2020 election, drops lawsuit blocking his phone records from Jan. 6 committee
Eastman, who urged Mike Pence to block the certification of election results, previously refused to comply with subpoenas from Congress.
India's UPI payment platform is delivering on financial inclusion in ways that Bitcoin and blockchain have yet to do.
General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing. GM struck a deal in January 2020 to sell the plant to Great Wall, with the Chinese SUV-maker expected to pay up to $300 million as part of a broader plan to invest $1 billion to establish a presence in India's growing car market. "We have been unable to obtain the required approvals within the time frame of the deal," George Svigos, executive director, communications, GM International, told Reuters.
- CBS News
The suit says the crossing has "impaired 'sight triangles,'" an "excessively small crossing angle," and other impairments, including "sloped approaches, brush, trees and vegetation blocking a full view of oncoming trains in some quadrants."
There followed an avalanche of accusations across the political spectrum. Democrats, including President Joe Biden, blamed oil companies for gouging consumers in order to boost their own profits. Republicans countered that the high prices were due to Biden’s mismanagement and energy policies that discourage domestic oil production.
Ricky Martin's former talent manager claims in new lawsuit that she 'saved' his career from a 'devastating' scandal and that he's failed to pay her more than $3 million in commissions
Rebecca Drucker alleges in the lawsuit that she helped Martin get a lawyer who stopped the scandal from seeing "the light of day."
MUMBAI (Reuters) -Indian billionaire Mukesh Ambani, one of the country's richest individuals, has initiated a long-anticipated leadership transition at the energy-to-retail conglomerate Reliance by handing over the chairmanship of its telecoms unit to his son. The move is the first sign of change at Ambani's empire after the billionaire last year said his children would have significant roles in the business, adding Reliance was "in the process of effecting a momentous leadership transition." Here are details about Ambani's three children who are expected to have greater say in India's biggest conglomerate valued at around $200 billion.
More than 120 companies including Intel, Nvidia and Texas Instruments recently signed a letter urging Congress to accelerate negotiations to get a bill passed that would massively scale chipmaking in the U.S. The group of A-list companies, which also includes Amazon (AMZN) and Microsoft (MSFT) design, manufacture or provide critical infrastructure to the semiconductor industry. It was an encouraging sign from a diverse set of often-competitive companies, which agree that the $52 billion Chips Act needs to move forward to free up supply-chain bottlenecks and push America’s technology-leadership agenda forward.
For the first time ever, the European Union has imported in June more liquefied natural gas (LNG) from the United States than gas via pipeline from Russia, as Moscow slashed supply to Europe earlier this month
- Charlotte Observer
Two Charlotte companies that worked on the Carolina Panthers’ HQ in Rock Hill say they are owed millions in wake of a bankruptcy filing by a David Tepper company.
- Motley Fool
Retirement can be a big change for a lot of people. It's not uncommon to eagerly anticipate retirement, only to wind up bored and stressed about money once that milestone rolls around. Here's why I love the idea of easing into retirement rather than diving right in.
‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?
In order to actually get work done, I have pieced together childcare using the help of family and friends. Alternatively and preferably, hire another nanny for one or two days a week and pay that person a fair rate.
- Reuters Videos
STORY: In a global first Samsung said it's begun mass production of the most advanced microchip yet, beating chipmaking frontrunner, Taiwan's TMSC, to the punch.For decades these chips, which can be used as mobile processors and in high-performance computing, have become faster and more power-efficient as their most basic building blocks - called transistors - get smaller, and the chips become more dense with parts.Currently, conventional chips use the 5-nanometer design.But Samsung said its newly-developed 3-nanometer process is almost twice as power-efficient, and is said to improve performance by more than 20%.Samsung is aiming to overtake TSMC as the world's top chipmaker by 2030.But for now the Taiwanese company - whose chips are used by Apple and Qualcomm - is far bigger, controlling about 54% of the global market.Samsung is a distant second with a 16.3% market share, according to data provider TrendForce.But Samsung is hoping to lure new customers with its new tech.The South Korean firm however did not name clients for its new made-to-order chips.Analysts say Samsung itself and Chinese companies are expected to be among the initial customers.But amid persistent global chip shortages, companies from automakers to appliance makers will be rushing to secure capacity.The next round in the chips race might just see TSMC pull ahead.The company is planning a 2-nanometre volume production in 2025.