Year: 2023
The EV industry is getting its first recession stress test. Will it be a bust?
Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like the internet industry then, the […]
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Qatar, UAE strength ministers say gasoline will be desired for very long time
A picture exhibits the Ras Laffan Industrial City, Qatar’s principal web page for manufacturing of liquefied purely natural gasoline and gasoline-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the cash Doha, on February 6, 2017. Karim Jaafar | AFP | Getty Pictures The environment will need to have natural gasoline for […]
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Brazil top rated courtroom to look into Bolsonaro purpose in Brasilia riots
Safety forces function as supporters of Brazil’s previous President Jair Bolsonaro exhibit in opposition to President Luiz Inacio Lula da Silva, outdoors Brazil’s Countrywide Congress in Brasilia, Brazil, January 8, 2023. Adriano Machado | Reuters Brazil’s Supreme Courtroom agreed on Friday to open an investigation into former President Jair Bolsonaro for allegedly encouraging anti-democratic protests […]
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The condo king of Miami bets his new Fisher Island luxury project can weather a recession
Just off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing market appears to be in freefall. Jorge Perez, also known as “the […]
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Are you buying ‘too much car’? Americans’ obsession with pricey options like touch screens is causing an affordability crisis
‘Every new car is a luxury purchase’ Part of the problem is that more Americans want expensive SUVs and pickups with all the options, he added, which can cost as much as 40% more than the base price. Over the last decade, luxury shoppers have proved again and again their willingness to spend more on […]
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How the job of Amazon delivery has changed with Rivian’s electric vans and routing software
For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a grind. But a lot has changed since drivers in 2021 told CNBC about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software. Among the biggest developments is the arrival of a brand-new electric […]
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A struggle in between Disney and activist Peltz brews. Here’s how the situation could unfold
A masked family members walks previous Cinderella Castle in the Magic Kingdom, at Walt Disney Globe in Lake Buena Vista, Fla. Orlando Sentinel | Tribune News Services | Getty Photos Activist investor Nelson Peltz ideas to mount a proxy battle for a seat on Disney’s board. Disney offered Peltz, founding associate of Trian Fund Administration, […]
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Russian missiles strike important infrastructure in Kyiv and Kharkiv
This photograph shows an object of a essential electrical power infrastructure as it burns following a drone assault to Kyiv, amid the Russian invasion of Ukraine. Sergei Supinsky | AFP | Getty Pictures Russian missile attacks hit essential infrastructure in Kyiv and the jap city of Kharkiv on Saturday morning, and a utility enterprise imposed […]
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The zero-fare public transit movement is picking up momentum
Passengers boarding a Metrobus in downtown Washington, Wednesday, Dec. 7, 2022. Pablo Martinez Monsivais | AP Washington, D.C., is on the verge of eliminating bus fares for city residents, joining other U.S. cities that are working to make metro bus and rail systems free to ride. Already, Boston, San Francisco and Denver are experimenting with […]
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Bitcoin climbs earlier mentioned $20,000 initial time in in excess of two months
The crypto market has been battered this yr, with more than $2 trillion wiped off its benefit because its peak in Nov. 2021. Cryptocurrencies have been below stress soon after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Photographs Bitcoin rose on Saturday higher than $20,000 for very first time in […]
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