China added some downward pressure to oil prices this week when it clearly signaled its intent to buy more discounted Russian oil. Between China and India, Russia is racing to pivot towards Asia as the EU attempts to ditch its oil. Oilprice Alert: This week’s Global Energy Alert highlights two ways to play a turbulent … Read more
NYC restaurateurs say they missed GrubHub’s warning about a free $15 lunch promotion that saw them overwhelmed with orders before being forced to dump tons of food. The meal delivery app told the Today Show that it did offer restaurants ‘advance notice,’ but that the demand blew away expectations as thousands of hungry New Yorkers … Read more
Placeholder while article actions load Larry Ellison, the billionaire co-founder and chairman of the software company Oracle and the biggest backer of Elon Musk’s attempted Twitter takeover, participated in a call shortly after the 2020 election that focused on strategies for contesting the legitimacy of the vote, according to court documents and a participant. The … Read more
Four EU countries – Belgium, Denmark, Germany, and the Netherlands – jointly announced yesterday that they have set an offshore wind target of at least 65 gigawatts (GW) by 2030 and then intend to more than double that combined total to 150 GW by 2050 . For perspective, according to the Global Wind Energy Council, … Read more
Investors are reassuring the premise that justified Tesla’s astronomical stock price and made its founder, Elon Musk, the richest person in the world. Tesla’s $1 trillion valuation made sense only if investors believed the electric car company was on a path to dominate the auto industry the way Apple rules smartphones or Amazon commands online … Read more
SHANGHAI, China, May 20, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has successfully listed, by way of introduction , its Class A ordinary shares (the “Shares”) on the Main … Read more
SINGAPORE, May 20 (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain, according to shipping data and oil prices who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February. The move by the world’s biggest oil … Read more
noticed know-nothing Ken Paxton.photo: Somodevilla chip (Getty Images) The Lone Star State is coming for Incognito mode. In a petition filed Thursday that piggybacks on a previous lawsuit against Google, Texas Attorney General Ken Paxton described the so-called “private” search setting as misleading and “deceptive” because of its location tracking. Pulling out his dictionary, Paxton … Read more
After joining the $1 trillion market capitalization club at the end of 2021, shares of electric vehicle (EV) juggernaut Tesla (TSLA -9.52%) have shifted into reverse. Between macroeconomic headwinds like 40-year-high inflation, the Fed’s consequent move to raise interest rates, and concerns about the war between Russia and Ukraine, the stock market has been in … Read more
Elon Musk has finally come out, politically. He used to vote for Democrats, but henceforth can only vote for Republicans. The Tesla CEO and President Biden ought to be natural allies. Biden has an ambitious green-energy agenda, including the mass electrification of automobiles. Musk leads the world’s most prominent electric vehicle company. They’re rowing in … Read more
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