Ford CEO Wants EV Sales ‘100%’ Online
Ford CEO Jim Farley said they may shift EV sales to fixed prices, and move the sale process completely online. At an IBM conference, Farley described a potential future where…
Tech Stocks Join Tesla – Stop Hiring
Despite the latest jobs report, Tech companies are putting the brakes on hiring as the economy heads into uncertain territory. For the past few months, tech companies have been either…
GM Makes Bolt The Cheapest EV In America
GM is slashing the price of 2023 Chevy Bolt, leaving it the cheapest EV in America for 2023. General Motors laid out pricing for the 2023 version of the Bolt…
Larry Fink Of Blackrock Sees Potential For ‘Big Shock’ From Inflation
Larry Fink, CEO of Blackrock, thinks investors are underestimating the potential effects of a spike in inflation. At a virtual event hosted by Deutsche Bank AG on Wednesday, Fink said,…
Gas Prices May Finally Be Hitting The Economy
Rising gas prices may finally be affecting the economy, new data indicates. Gas consumption has been declining at 3-5% for the past seven weeks, and is 3% lower than last…
May Jobs Report: Payrolls Rise As Unemployment Holds
The latest jobs report showed a hot labor market remained in May, despite the Fed tightening monetary policy and the fears of an inflation-triggered economic slowdown. The report showed there…
Musk Warns Of “Super-Bad” Feeling About The Market
Elon Musk startled the market when it was revealed he has frozen hiring and will cut 10% of Tesla’s staff, amid “super bad” economic worries. Tesla stock fell Friday after…
China Ex-City Party Chief Sentenced To Death With Reprieve
A former Chinese Communist Party (CCP) chief and securities regulator was sentenced to death by the Chinese government for bribery and insider trading. The sentence was subject to a two…
Three Warning Signs Investors May Want To Watch
While the stock market appears to have dodged bear territory for now, the Fed is on top of inflation, the real estate market is softening only slightly, OPEC+ has promised…
Is China In Economic Trouble?
Many are pleased to see China finally emerging from Coronavirus lockdowns, but some analysts are striking cautious tones, noting China may have some economic issues which will not be resolved…
