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Splitting off EV unit needed to happen to transition faster

Splitting off EV unit needed to happen to transition faster

At this year’s Monterey Car Week, Lincoln (F) is celebrating a big milestone – in style. The brand, now in its 100th year, will be a featured marque at Sunday’s Pebble Beach Concours d’Elegance and will show off its Model L100 electric concept vehicle. The electric vehicle (EV) concept is a massive vehicle with a completely configurable, luxurious interior that reimagines what it will be like to be transported in an autonomous future. Ford CEO Jim Farley believes this is Lincoln’s… Source link

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U.S. is at ‘effectively peak employment’

U.S. is at ‘effectively peak employment’

The tight U.S. labor market may have reached a new peak this year with wage growth soon to follow. Last month employers added a surprise 528,000 jobs — a stunning figure that doubled Wall Street estimates and reflected the labor market fully recovered from pandemic job losses — while the unemployment rate ticked down to 3.5%, according to the Bureau of Labor Statistics. “What you have right now is effectively peak employment,” ZipRecruiter CEO Ian Siegal told Yahoo Finance (video above)…. Source link

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Baby-boomer financial experts speak from experience on ways to ride out a recession

Baby-boomer financial experts speak from experience on ways to ride out a recession

‘Bear down’ and ‘be as frugal as you can’: Baby-boomer financial experts speak from experience on ways to ride out a recession It was a time of big hair, shoulder pads and the Cold War. But something often less thought of when feeling nostalgic about the ‘80s, was the interest rates that were high enough to make you dizzy. “The interest rates started the decade around 20%,” says Brad Lyons, a certified financial planner and an investment manager at Wiser Wealth Management based… Source link

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ESG investing brings political fights to the investing world

ESG investing brings political fights to the investing world

Our society is not just divided along political lines — media, culture, and even coffee shops have become delineated between red and blue. So perhaps it is inevitable that these fissures would come to the world of investing. I’m speaking about the growth of so-called ESG investing — which stands for Environmental, Social, and Governance — and the growing backlash against this trend. Battle lines are being formed in the heretofore apolitical, clubby world of money management. The roots… Source link

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China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: A record heat wave

China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: A record heat wave

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, with temperatures in several provinces routinely reaching 40°C (104°F). But one key province is experiencing the worst financial repercussions from the… Source link

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Yahoo DFS Baseball: Saturday Picks

Yahoo DFS Baseball: Saturday Picks

This article is part of our Yahoo DFS Baseball series. Next Saturday is the so-called Week 0 of college football. The matchups aren’t all that exciting, but I know some of you will have divided interest when the action begins on the gridiron. This Saturday, it’s all about MLB with eight evening games on the DFS slate. First pitch is at 7:05 p.m. EDT. Here are my recommendations. Pitching Joe Musgrove, SD vs. WAS ($42): The move to San Diego has really paid off for Musgrove. He posted a… Source link

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Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says

Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link

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Tony La Russa does it again, issues intentional walk on 2-strike count

Tony La Russa does it again, issues intentional walk on 2-strike count

Tony La Russa is nothing if not consistent. The Chicago White Sox manager was hit with a torrent of criticism earlier this season when he issued an intentional walk to the Los Angeles Dodgers‘ Trea Turner on a 1-2 count, then watched the next batter, Max Muncy, hit a three-run homer that would put the game out of reach. La Russa dismissed any notion that what he did was unusual, let alone ill-advised, after the game, even though a two-strike intentional walk had only been done twice since… Source link

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Why did NFL settle with Deshaun Watson? Look at the team owners

Why did NFL settle with Deshaun Watson? Look at the team owners

As terms of the Deshaun Watson disciplinary settlement became public Thursday, an NFL executive familiar with the Cleveland Browns quarterback posed a question that is bound to linger in the ensuing months. It encapsulated the lengthy path the league carved on its way to the negotiated outcome, a route that went from the NFL’s 19-month pursuit and 215-page investigative report, to an overturned arbitration ruling, to commissioner Roger Goodell embracing words like “egregious” and… Source link

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Buffett’s Berkshire Hathaway Seeks to Buy as Much as 50% of Occidental

Buffett’s Berkshire Hathaway Seeks to Buy as Much as 50% of Occidental

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its biggest gain in five months. Most Read from Bloomberg The Federal Energy Regulatory Commission said in a filing published Friday that Berkshire’s proposed stock purchases are “consistent with the public interest.” Berkshire applied for the authorization on July 11, FERC… Source link

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