Month: July 2022
A self-made millionaire shares her top 18 ‘recession money rules’: ‘Don’t panic’ and ‘prepare to borrow’
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your […]
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Gasoline futures are dropping, which could mean more relief at the pump
Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels but remain stubbornly high. Some relief could be […]
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The UK’s Boris Johnson has stepped down. Here’s what happens next — and who could replace him
Johnson will visit Northern Ireland on Monday to hold emergency talks. Daniel Leal | Afp | Getty Images After an acute political meltdown in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, setting in motion a race for a new prime minister. Johnson stood at a lectern outside No. […]
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Oppenheimer’s Stoltzfus — one of the biggest bulls left on Wall Street — cuts S&P 500 outlook
Relentless volatility in the market is forcing even the biggest optimist to downgrade his outlook. Oppenheimer’s chief investment strategist, John Stoltzfus, on Thursday cut his S & P 500 year-end target to 4,800 from 5,330. The lower forecast would still represent a 24% rally from Wednesday’s close of 3,845.08. Stoltzfus was the biggest bull remaining on […]
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WNBA star Brittney Griner pleads guilty to drug charges in Russian court
US WNBA basketball superstar Brittney Griner arrives to a hearing at the Khimki Court, outside Moscow on July 7, 2022. Kirill Kudryavtsev | AFP | Getty Images American basketball star Brittney Griner pleaded guilty to drug charges in a Moscow court Thursday, her lawyers said, leaving her facing the prospect of up to 10 years in prison […]
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Chipotle’s $50 million search for the future of fast food
Chipotle is testing out an autonomous kitchen assistant, Chippy, which offers a robotic solution for making chips in restaurants. Courtesy: Chipotle The lengthy lunchtime lines at Chipotle Mexican Grill waiting to order could serve as a good metaphor for Chipotle’s approach to investing in innovation: though you may have to wait a bit for results, […]
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States are spending billions on electric vehicles in battle to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accelerating as the price of fossil fuels rises and battery technology improves — is easily the biggest shakeup in […]
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Top SoftBank exec steps back from role at Vision Fund as pressure mounts on investments
Rajeev Misra will step down from his role as CEO of SoftBank Global Advisors, which manages the Vision Fund 2. It comes as pressure mounts on SoftBank’s investment strategy amid a string of bad bets and a crash in technology stocks this year. Patrick T. Fallon | Bloomberg | Getty Images Rajeev Misra, who runs […]
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Volkswagen CEO confident about ramping up EV production
Herbert Diess, CEO of Volkswagen, discusses the automaker’s electrification strategy. Source
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Volkswagen CEO says EV outlook is ‘very good,’ expects to reduce delivery times this year
An ID. Buzz stands during a plant tour of the production of the ID. Buzz in quality control at the Volkswagen Commercial Vehicles plant in Hanover, Germany, June 16, 2022. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought to assuage concerns about electric vehicle sales and semiconductor […]
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