Herbert Diess, chief executive officer of Volkswagen AG, during a keynote speech at the IAA Munich … [+] Motor Show. Photographer: Alex Kraus/Bloomberg © 2021 Bloomberg Finance LP Yet another hardy perennial “top management in peril” shenanigans at Volkswagen ended with nothing really changed, and the CEO dusts himself down ready to carry on more…
375078 01: Apple’s Latest Product The Imac. The New Personal Computer, Which Goes On Sale On Aug. … [+] 15, 1998 Has Already Won Popular Acclaim For Its Creative Design And Its Refreshing Departure From The Computer Industry Standard Of Boring Beige Boxes. The Imac Combines The Computer And The Monitor In One Unit That…
AFP via Getty Images On 15 November, after months of debate in the House and Senate, President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law. The bipartisan effort, passed 69 to 30 in the Senate, is an attempt to fix the nation’s “investment-deficit disorder” that has seen the nation’s roads and…
Topline Shares of companies linked to the economic recovery—including airlines, cruises and casinos—led the stock market higher on Monday, with the Dow jumping over 2% as investors brushed off rising concerns about the Covid omicron variant. The market rebounded strongly after last week’s omicron-induced sell-off. Richard Drew/ASSOCIATED PRESS Key Facts The Dow Jones Industrial Average…
Topline A host of Wall Street’s biggest banks remain bullish on electric vehicle maker Rivian, predicting that the company can still become Tesla’s next big competitor, despite the stock’s massive run up since its blockbuster IPO in early November. Rivian founder RJ Scaringe. Jamel Toppin/The Forbes Collection Key Facts A handful of major firms initiated…
Maruti Suzuki Alto cars to be exported out of India (Photo credit SAM PANTHAKY/AFP via Getty Images) AFP via Getty Images More cars will be sold in India this year and next than in Germany, thanks to European shortages in semiconductors lasting into the first half of 2022 and the latest version of the coronavirus…
Tesla TSLA billionaire Elon Musk, a controversial figure among the cryptocurrency community, has once again endorsed the somewhat satirical bitcoin rival dogecoin—sending its price slightly higher. The price of bitcoin, ethereum and other major cryptocurrencies are meanwhile struggling, with the bitcoin price failing to regain ground over $60,000 per bitcoin and ethereum’s ether dropping back…
Topline Shares of electric vehicle maker Tesla rose over 5% on Monday—making billionaire CEO Elon Musk $12 billion billion richer—after he urged employees to reduce delivery costs and amid reports that the company will start production at its Gigafactory in Germany within the next few days. The Tesla chief saw his net worth approach $300…
Rivian R1T Rivian Rivian is an electric car company that went public on November 10. After pricing its shares at $78 they hit an intra-day high of $179.47 on November 16 and closed at $128.60 on Friday, November 19. It now has just over 891 million shares, which means it has a market cap of…
The Rivian R1T arrives on stage as a 2022 Truck of the Year Finalist at the LA Auto Show in Los … [+] Angeles, California on November 17, 2021. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Rivian is the latest electric vehicle or…