Monthly Archives: September 2021

Ford ramps up F-150 Lightning production to meet hot demand for the EV pickup

The Ford F-150 Lightning electric pickup hasn’t even gone on sale yet, but demand is so red hot that the automaker is already ramping up production. The first Lightning prototypes are rolling off an assembly line in Dearborn, Mich. for real-world testing, with the truck arriving in dealerships this spring. But with 150,000 reservations already in hand for its inaugural EV pickup truck, Ford (F) announced Thursday that it will invest an additional $250 million and add 450 more jobs at three… Source link

Read More »

China Adds $14 Billion Cash as Evergrande’s Pain Roils Markets

(Bloomberg) — China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande. The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February. Today was the first time this month it added more than 10 billion yuan short-term liquidity… Source link

Read More »

Google and Apple Remove App Aimed at Spurring Protest Voting in Russia

MOSCOW — An app designed by Russian activists to coordinate protest voting in this weekend’s elections disappeared from the Google and Apple app stores in the country on Friday, a major blow to the opposition leader Aleksei A. Navalny and allies who hoped to subvert the commanding position of President Vladimir V. Putin’s governing party. Google removed the app Friday morning after the Russian authorities issued a direct threat of criminal prosecution against the company’s staff in… Source link

Read More »

Google, Apple remove Navalny app from stores as Russian elections begin

The Russian opposition politician Alexei Navalny’s Smart Voting app is seen on a phone, in Moscow, Russia September 16, 2021. REUTERS/Shamil Zhumatov MOSCOW, Sept 17 (Reuters) – Alphabet’s Google (GOOGL.O) and Apple (AAPL.O) have removed jailed Kremlin critic Alexei Navalny’s tactical voting app from their stores, his team said on Friday, after Russia accused the U.S. tech firms of meddling in its internal affairs. Russia goes to the polls on Friday to elect a new parliament in a three-day… Source link

Read More »

Stock futures trade sideways after mixed economic data

Stock futures opened little changed Thursday evening after a mixed session earlier, with investors digesting a slew of mixed economic data and its implications for monetary policy.  Contracts on the S&P 500 hugged the flat line. Earlier, both the blue-chip index and the Dow ended lower, coming off session lows by market close but failing to break into positive territory.  The latest set of U.S. economic data out Thursday painted a more upbeat than anticipated picture of the U.S. consumer…. Source link

Read More »

Lucid is a combo of ‘Tesla and Ferrari’: BofA analyst

Lucid Motors (LCID) shares rallied on Thursday after a bullish analyst note and confirmation from the Environmental Protection Agency (EPA) that the EV maker’s premium car has a higher mile range than Tesla’s model S (TSLA).  Lucid’s Dream Air edition vehicle received an EPA rated range of 520 miles. That’s about 100 miles more than Tesla’s model S Long Range.  The EV maker’s CEO and CTO Peter Rawlinson has said in previous interviews that Lucid’s car could go farther on one full battery… Source link

Read More »

Google Cloud CEO Thomas Kurian not afraid to bench long-timers

Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images As a part of a recent reorganization within Google Cloud, CEO Thomas Kurian sidelined multiple tenured company veterans — one way he’s is living up to the company’s big expectations when it hired him two years ago. CNBC reported Wednesday that Kurian, in a recent email to staff, announced a broad reorganization within Google… Source link

Read More »

New data highlights the burden that American parents are carrying

Parents are shouldering a lot of the burden amid the student loan debt crisis, and a new report reveals which schools have left the highest number of indebted parents. The report by the Texas Public Policy Foundation — which uses new data released by the Department of Education (ED)’s College Scorecard to examine typical college Parent PLUS loan debt — contributes to a burgeoning trend of transparency that’s aimed at scrutinizing the cost of tuition. Parent PLUS loans are “almost like the… Source link

Read More »

Roger Federer invested early in this shoe company — its stock has skyrocketed out of the gate

Tennis great Roger Federer has reason to smile this week, not because he has a ton of money and 20 Grand Slam titles.  Back in 2019, Federer inked a partnership with high-end running sneaker brand On Holding. Federer also invested an undisclosed sum (at an undisclosed valuation) in the maker of sneakers with “cloud” soles, and has since worked alongside the brand to develop his own footwear line dubbed “The Roger.” Federer’s stake is very likely worth multiples more amid an enthusiastic… Source link

Read More »