Ford's century-old Ohio roots grow deeper with $1.5 billion investment and 1,800 new jobs
Ford's century-old Ohio roots grew deeper Thursday with the announcement of a $1.5 billion investment and 1,800 new jobs at its Avon Lake Ohio Assembly Plant.
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TheStreet.comBitcoin Tumbles Towards Washout as Crypto Enters 'Get Me Out' Phase
In our June 13 review of bitcoin futures we gave a sober outlook for prices including a price target: "In this daily Point and Figure chart of bitcoin, below, we can see the breakdown and a price target of $15,750." In this daily bar chart of the continuous bitcoin futures contract, below, we can see that prices topped out in October/November. The On-Balance-Volume (OBV) line has been weakening since late October as traders of bitcoin have been more aggressive with heavier trading volume on days when the cryptocurrency has closed lower.
- TheStreet.com
Mark Zuckerberg Makes a Dark Prediction
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
- Business Insider
Mark Zuckerberg told Meta staff he's upping performance goals to get rid of employees who 'shouldn't be here,' report says
Mark Zuckerberg said he hoped more "aggressive goals" would cause some staff to leave, according to audio of a Meta company meeting heard by Reuters.
- BuzzFeed
27 Times Clueless Bosses Held Their Employees To Absolutely Absurd Standards
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- TheStreet.com
OPEC+ Opens the Spigot, but Are We Just Repeating Mistakes of 2008?
As we see this increase in oil production get rubberstamped, we must remember that demand never moves in a straight line.
- LA Times
The auction of The One mansion was a dud. Now the fight over the proceeds is getting ugly
The One megamansion sold for just $141 million, leaving creditors in the lurch. Now, one lender has filed a lawsuit against the others that includes allegations of forgery and other wrongdoing.
- Reuters
California approves lithium tax despite industry's warnings
California on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects despite industry concerns that it will harm the sector and delay shipments to automakers. Governor Gavin Newsom, a Democrat, approved the tax as part of a must-pass state budget on Thursday. The tax is structured as a flat-rate per tonne and will go into effect in January.
- The Star Press
North Carolina company buys All Steel Carports, plans to open facility and hire 40 workers
Northedge Steel has bought the former All Steel Carports facility along Ind. 332. Northedge plans to employ 40 at the local facility.
- TheGrio
Andy Cohen and NBC negotiating with NeNe Leakes to pursue settling her lawsuit out of court
NeNe Leakes has entered into negotiations with Andy Cohen and Bravo to possibly settle the discrimination lawsuit she filed against […] The post Andy Cohen and NBC negotiating with NeNe Leakes to pursue settling her lawsuit out of court appeared first on TheGrio.
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Contractor fights what it calls ‘insider transactions’ in Panthers’ Rock Hill deal
The general contractor, York County and City of Rock Hill are against a proposal that would allow the real estate company created by Panthers owner David Tepper to use other Tepper companies to finance bankruptcy.
- Associated Press
Berlin preps 'huge thermos' to help heat homes this winter
The rust-colored tower rising from an industrial site near the banks of Berlin's Spree river looks nothing like the sleek flasks Germans use for coffee, yet its purpose is similar: to provide some warmth throughout the day, especially when it's cold outside. With a height of 45 meters (almost 150 feet) and holding up to 56 million liters (14.8 million gallons) of hot water, utility company Vattenfall says the tower will help heat Berlin homes this winter even if Russian gas supplies dry up. “It's a huge thermos that helps us to store the heat when we don’t need it,” said Tanja Wielgoss, who heads the Sweden-based company's heat unit in Germany.
- American News
McPherson Co. landowners' lawsuit claims Summit surveys without consent are unconstitutional
The group is questioning the constitutionality of a state law that allows the company to survey property without the landowners' consent.
- The Telegraph
Surge in early retirement is fuelling inflation, says top Treasury mandarin
A surge of older workers taking early retirement is fuelling inflation and limiting the size of the economy, the Treasury’s top economics mandarin has warned.
- Autoblog
Stellantis says electrification is killing the affordable car
Going electric-only threatens to make cars more affordable, according to two Stellantis executives, and solving this problem is "a big challenge."
- GOBankingRates
What Is the Average Social Security Benefit at Age 62?
Your retirement benefit amount depends on how much you've earned over your lifetime at jobs for which you paid Social Security taxes -- and the age at which you claim. You can claim Social Security...
- AfroTech
Black Woman Beauty Founder Sues Kim Kardashian For Trademark Infringement For SKNN+
Kim Kardashian has found herself in a new lawsuit filed by a small, Black woman business owner.
- GOBankingRates
27 Most Lucrative Side Gigs for People Over 50
If you think the side hustle was born to serve the millennial generation, that might be true. Everywhere you turn these days, it seems like millennials -- ages 23 to 38 -- have at least one...
- Time
Both Republicans and Democrats Are Wrong on Gas Prices
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.
- The Telegraph
China snubs Boeing to strike huge new deal with Airbus
China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus.
- Barrons.com
California Employers Flock to Sign Up for Retirement Plans as Deadline Looms
As the CalSavers program enters its final implementation phase, tens of thousands of companies have begun offering retirement plans.