Author: Admin
Reduce speed limits and car-free Sundays: The IEA has a 10-point plan to cut oil use
Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lower oil demand, the International Energy Agency said Friday. The recommendation is part of a wider 10-point plan published by the Paris-based […]
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Tech companies fight low morale and attrition with more equity grants as their stocks get slammed
Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Tech companies are looking to issue new stock and cash perks as slumping share prices weigh on employees’ wallets and morale. Robinhood, Snap, Roku and Uber are among those offering more equity grants or cash compensation amid drops in their […]
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Stocks making the biggest moves premarket: FedEx, GameStop, Moderna and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx earned an adjusted $4.59 per share for its latest quarter, missing estimates by 5 cents, though the delivery service’s revenue beat analyst forecasts. FedEx’s bottom line was impacted by worker shortages stemming from the Covid-19 omicron variant outbreak during the quarter. FedEx […]
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St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Fed meeting, Bullard said in a statement that […]
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China’s Xpeng hikes price of cars following Tesla and other EV makers as raw material costs rise
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Chinese electric vehicle maker Xpeng will hike the price of its cars citing a sharp […]
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How this mechanic found a niche fixing Teslas and EVs
There’s an opportunity for entrepreneurs in the electric vehicle market. Electric vehicles are sweeping the auto industry, and while all the attention is directed at flashy car unveilings and automakers’ strategic plans to compete in an electric future, one crucial piece has largely been left out of the limelight — service. Tesla, the largest electric […]
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Buy this online thrift store as secondhand clothing market heats up, Jefferies says
ThredUp should benefit from increased interest in discount shopping, according to Jefferies. Source
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Piper Sandler double downgrades Wingstop, says restaurant stock will fall more than 15%
Piper Sandler moved its rating on Wingstop to underweight from overweight in a rare double downgrade. Source
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Porsche increases EV targets, confirms 911 hybrid sports car
The all-electric Porsche Taycan Turbo. Source: Porsche AG DETROIT – As the all-electric Porsche Taycan sedan outsells the German carmaker’s iconic 911 sports car, the company is increasing its EV sales targets. It also plans to roll out a hybrid version of the 911. Porsche on Friday announced it expects 80% of its global sales […]
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Missile strikes near Ukraine’s western city Lviv; Biden to speak with China’s Xi
Missiles hit western city of Lviv Several missiles hit an aircraft repair center on the outskirts of Lviv, western Ukraine, the city’s mayor said Friday. The attack suggests Russian forces are continuing to widen their attack. Many Ukrainians have fled their homes elsewhere in the country to the relative safety of Lviv. The city’s mayor, […]
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