American Auto Giant Pivots Plans To Build Electric Vehicles At Major Plant To Produce Heavy-Duty Pickups Instead
Ford is reversing course on plans to manufacture electric vehicles (EVs) at a major plant and instead will produce gas-powered, heavy-duty pickup trucks at the facility, Reuters reported Thursday. The company initially planned to build three-row electric SUVs at its facility in Oakville, Canada, between 2025 and 2027, but the plant will now add capacity […]
John Deere Drops Sweeping Policy Updates That’ll Have Conservative Customers Cheering
Agricultural giant John Deere issued a statement Tuesday, updating what appears to be all of their diversity, equity and inclusion policies (DEI) and sending them into oblivion. The statement pretty much speaks for itself, telling customers that their “trust and confidence in us are of the utmost importance to everyone at John Deere,” in a […]
Netflix beats subscriber targets, cautions ad revenue may take time to ramp up
Mark Mahaney, senior managing director at Evercore ISI, revealed his new price target for Netflix’s high-flying stock during an appearance on “Varney & Co.” Netflix said on Thursday it added more than 8 million subscribers in the second quarter, benefiting from a crackdown on password sharing and popular titles like “Bridgerton,” “Baby Reindeer” and “Roast […]
Elon Musk Says SpaceX Headquarters Is Moving Out Of California After New LGBT Law
Tech billionaire Elon Musk announced Tuesday that he is moving the SpaceX headquarters from Hawthorne, California, to Starbase, Texas, over a new law restricting schools from notifying parents about their child’s sexuality or gender identity. Democratic California Gov. Gavin Newsom signed Assembly Bill 1955 into law Tuesday to prohibit school districts from disclosing a student’s […]
China Is Running Circles Around American Solar Panel Makers Despite Biden Admin Subsidies And Tariffs
Chinese companies are dominating U.S. solar production despite tariffs and subsidies from the Biden Administration, according to a recent investigation from Reuters. China-backed manufacturers, armed with low-cost government financing and subsidized raw polysilicon from the Chinese government, are outcompeting American solar companies on their own soil. A minimum of 20 gigawatts’ worth of annual solar […]
Starbucks, Mercedes team up in EV charging network expansion
Virginia Attorney General Jason Miyares speaks to The Bottom Line about the 26 states suing the Biden administration over EV mandates. Mercedes-Benz Electric car The charging subsidiary will partner with Starbucks to expand its charging network in the United States. Mercedes-Benz High Power Charging announced Wednesday that it has partnered with the Seattle-based coffee giant […]
EXCLUSIVE: Conservative Org Goes After Investing Firm For Anti-Israel Bias
The conservative nonprofit Consumers’ Research launched a campaign on Tuesday going after investment firm Morgan Stanley Capital International (MSCI) for “embracing” in their environmental, social, and corporate governance (ESG) ratings. The Consumers’ Research six-figure ad campaign features a new website, a national mailer, digital marketing ads and a mobile billboard outside of MSCI’s headquarters in […]
Dow, Russell 2000, small caps, Trump, Vance, Fed
Former Chairman of the White House Council of Economic Advisers Kevin Hassett discusses the macroeconomic issue of rising home prices and responds to President Trump’s nominee for vice president, J.D. Vance. As investors focus on the 2024 election and a looming interest rate cut by the Federal Reserve, they have stepped up their pumping of […]
Biden’s Offshore Wind Dreams May Be Dead In The Water With Cancellations, Delays Eclipsing Live Projects
President Joe Biden’s offshore wind goals are looking increasingly unrealistic to achieve, with more capacity canceled or postponed than is operational or pending, according to a data analysis from an industry expert. The Biden administration has unleashed billions of taxpayer dollars to subsidize the industry in pursuit of its 2030 goal for offshore wind, which […]
Bank of America profit drops on lower interest income, outlook lifts shares
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Bank of America Inc.’s second-quarter profit fell on lower interest income from loans and an increase in provisions for potential credit losses, but the bank’s shares rose in premarket trading after it reported […]