Screenshot: TikTok / Gizmodo Congressman Jeff Jackson’s latest TikTok video starts simply: “I apologize.” Last week, the House of Representatives passed a bill that could ultimately ban TikTok from the US. For many, it turned Jackson into enemy number one. The North Carolina Democrat spent the last year amassing 2.3 million followers on TikTok, leveraging … Read more
With the S&P 500 already up 26% from a low point in late October, money is starting to pour into European stocks. Investors should expect that to continue. The S&P 500 has become expensive, while the Stoxx Europe 600 hasn’t. The S&P 500 is now trading at 20.7 times the per-share earnings its component companies … Read more
Billionaires: They’re just like us. That’s what Elon Musk reminded us of when he started using X, the social media network that he bought for $44 billion, to resolve his personal tech support problems. Mr. Tweet Fumbles Super Bowl Tweet The saga began over the weekend when Musk posted about the problems he was facing … Read more
Tesla CEO Elon Musk and noted diversity skeptic Ben Shapiro.Photo: Klaudia Radecka/NurPhoto via Getty Images (Getty Images) Tesla’s annual shareholder report is out. It includes a bunch of growing numbers: Almost $100 billion in revenue, more than 1.8 million cars delivered to customers, more than 140,000 employees. But one thing that isn’t increasing in size, … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Home > Business ABS-CBN News Dec 28 2023 10:13 PM The US stock market posted big gains in 2023, but only because of 7 tech companies whose valuations skyrocketed, namely: Microsoft, Amazon, Meta, Apple, Google parent Alphabet, Nvidia, and Tesla. The local stock market meanwhile traded sideways for much of the year as high inflation … Read more
Starbucks has officially opened electric vehicle charging stations at 15 locations on the thousand-mile stretch between Denver, Colorado and Seattle, Washington, as part of its partnership with Swedish automaker Volvo. The 50 Volvo charging stations, at Starbucks stores in Colorado, Utah, Idaho, Oregon, and Washington, will recharge any electric car with a CCS1 or CHAdeMO … Read more
Electric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. Electric-vehicle owners are finding a surprising downside to their new wheels: They tend to be expensive to repair after a crash. When Scott MacFiggen’s neighbor backed into his Rivian R1T pickup truck last summer, … Read more
The stock market is supposed to be efficient, discounting all available information into corporate valuations immediately. It’s pretty good at being efficient, but not everything makes sense all the time. Take the multi-trillion-dollar car industry. It isn’t easy to square how shares of different auto makers are valued. Start in the U.S. General Motors and … Read more
Tesla Inc. designed its stainless-steel Cybertuck to be something special: the first vehicle for the masses that doesn’t require paint. It’s no easy feat. The only other company to come close, DeLorean, sold just 9,000 cars before filing for bankruptcy in 1982. When Tesla starts Cybertruck deliveries on Thursday, though, it may have a devised a … Read more