Tesla cuts Model Y prices in US to boost sales
Former Tesla director Steve Westley is reacting to the stock’s surge after Elon Musk warned of a production slowdown in 2024. Tesla has temporarily lowered the prices of some Model Y vehicles in the United States until the end of February. electric car manufacturers Reduce the price of Model Y in Germany. tesla price cut […]
Americans Are In More Debt Than Ever Before — And It May Get Even Worse
Household debt reached a new high of $17.5 trillion in the fourth quarter of 2023, with credit card debt and mortgages contributing the most to the increase. Americans have been turning to debt to fund expenses as rising prices and high interest rates take a toll on consumers. “The actual prices of goods on store […]
The Super Bowl, Disney’s blowout and Microsoft topples Apple as credit card hits record
FanDuel CEO Amy Howe previews gambling expectations and ambiguous stakes ahead of Sunday’s Super Bowl. — Taylor Swift scores in NFL, Super Bowl craze is underway — Disney CEO Bob Iger pulls a few rabbits out of a hat, sending stock prices soaring — Microsoft has overtaken Apple to become the world’s most valuable company […]
Toyota Resisted EV Mania. Now, It’s Raking In The Cash While Competitors Take Losses
Toyota drew activist criticism when it did not quickly embrace electric vehicles (EVs) like many of its major competitors, but the Japanese auto giant now appears to be in better financial shape than its American adversaries. Toyota is riding a windfall of hybrid vehicle sales on its way to posting projected net profits of more […]
Biden Admin Announces $1.5 Billion For Electric Buses
The Biden administration announced Thursday its allocation of $1.5 billion toward manufacturing electric buses. White House officials met Wednesday with the Federal Transit Administration (FTA) to discuss how the government can fund the manufacturing of the electric “buses at the scale and pace needed to meet market demand and achieve national climate and equity goals,” […]
Cocoa Shortage Puts Easter In Jeopardy
Christians around the globe will soon be making preparations for the Easter holiday. However, the fact that global cocoa shortages are driving up the price of chocolate could dampen the celebrations. Severe winds off the West African coast caused by the El Nino weather system have devastated cocoa crops on the continent, sending prices spiraling, […]
Crypto absent again from Super Bowl ads
BetMGM CEO breaks down all the big game betting action, including bets on Taylor Swift, on ‘The Claman Countdown.’ Anyone hoping to see crypto ads during this year’s Super Bowl will be disappointed. FOX Business has learned that most major crypto companies will once again be on the sidelines for the biggest marketing event of […]
Expedia shares sink after 2024 revenue warning on softening air fares
Peter McNally, Head of Global Analyst at Third Bridge, joins Morning with Maria to break down airline earnings and reveal the top Big Tech stocks. Expedia Group shares rose on Friday after the online travel company said it expects revenue growth to moderate in 2024 as airfares soften from post-pandemic highs. The closing price fell […]
Microsoft overtakes Apple as world’s largest US company, S&P crosses 5,000
Brian Belsky, chief investment strategist at BMO Capital Markets, argues that the stock market rally is broader than investors think about “making money.” Improving corporate earnings and better-than-expected economic data fueled investor optimism, sending the S&P 500 index higher than ever, topping the 5,000 level for the first time. The U.S. Department of Labor’s Bureau […]
Wall Street Floods DC With Lobbyists Amid Biden Admin Bank Crackdown
Banks are sending the highest number of lobbyists to Washington, D.C., since the global financial crisis in 2007 as the Biden administration looks to institute new regulations on the industry, according to Reuters. Banks with more than $50 billion in assets and seven trade groups sent a total of 486 federal lobbyists to the Capitol […]