Tesla on a Supercharger rapid battery charging station for the electric vehicles company Tesla … [+] Motors. (Photo Illustration by Karol Serewis/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Winter is coming to the global automotive sector. Many companies will not survive. Executives at Tesla (TSLA) on Friday announced dramatic price cuts to…
Automation data analytic with 3d rendering ai robot with digital visualization for big data … [+] scientist getty Known as the Godfather of AI, Geoffrey Hinton is now worried about the technology he helped create. After working with Google GOOG for 10 years on the Google Brain project, he resigned so he could warn others…
WASHINGTON – MAY 16: Sen. Elizabeth Warren, D-Mass., questions bank executives during the Senate … [+] Banking Housing and Urabn Affairs Committee hearing on Tuesday, May 16, 2023. (Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images The Senate has advanced a measure that would repeal President Biden’s signature student loan…
Recession ahead – road sign warning concept getty Afraid of losing it all in a recession? Take these steps to prepare In 2022, most asset prices plunged together, leaving investors nowhere to hide, but in 2023, we have nearly the opposite. For example, the S&P 500 is up more than 7% year to date, while…
Ford Motor (F) is making moves in the options pits today, as its shares extend their long-term volatility on the charts. This movement comes after CEO Jim Farley said the company’s cost of electric vehicles (EV) will likely be more expensive than internal combustion engine (ICE) peers until at least 2030. F remains under a…
WASHINGTON, DC – AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 … [+] in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Former IRS Commissioner David Kautter, now with RSM, discusses the recently released report on the feasibility of an IRS-run…
Topline Advance Auto Parts stock collapsed on Wednesday after a worse-than-expected earnings report revealed that growing price cuts have started to eat away at profit margins—adding to signs that companies may be forced to lower prices aggressively for goods and services in the coming months as the broader economy slows down. Shares of Advance Auto…
LONDON, ENGLAND – SEPTEMBER 17: Canadian freedom activist Chris Sky, a supporter united … [+] non-compliance speaks to assembled crowds as they gather outside the Bank of England before they march across London on September 17, 2022 in London, England. Protesters are demanding that leaders who put together the Covid response over the last few…
Some companies have a selective definition of “long-term” when an activist shows up getty Given how cynically some companies use the prefix “long-term” when seeking to defend their track records (e.g., some permutation of “Even though our operating results and stock price performance have been unsatisfactory, our company and its board of directors remain focused…
LONDON, ENGLAND – FEBRUARY 03: Britain’s Chancellor of the Exchequer Rishi Sunak hosts a press … [+] conference in the Downing Street Briefing Room on February 3, 2022 in London, England. As the energy regulator, OFGEM, announced a domestic energy price cap rise of 54 percent earlier today, the Chancellor of the Exchequer announced the…