Author: Admin
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Tesla Temporarily Shuts Production Of Model X And Model S
Tesla had not rolled out two of its most expensive cars – the Model X and Model S so far this year, CNN reported. CNN received no response from Tesla for questions regarding the reasons for not producing the models. Tesla Temporarily Shuts Production Of Model X And Model S However, the automaker went on…
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Strong Jobs Report Expected To Power Stocks Next Week
April opened to a rally, and according to strategists the momentum could continue as the month progressed. According to the jobs report this Friday by the U.S. Labor Department which had come in as surprisingly strong Friday there were 916,000 job additions in March, as against the 675,000 projected by economists. Strong Jobs Report Expected…
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President Biden Unveils $2 Trillion Infrastructure Package
President Joe Biden proposed a $2 trillion infrastructure package on Wednesday with his administration shifting focus on bolstering the post-pandemic economy, CNBC reported. President Biden Unveils $2 Trillion Infrastructure Package The president’s plan outlined Wednesday provided for around $2 trillion in spending over eight years. The plan would increase the corporate tax rate to 28%…
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OPEC+ Group To Decide On Output Policy In Meeting On Thursday
A meeting of the group of the most powerful oil producers in the world is set for Thursday to decide on the output policy’s next phase, CNBC reported. OPEC+ as the group is sometimes called, consisting of OPEC and non-OPEC partners have a virtual meeting scheduled from 1 p.m. London time. OPEC+ Group To Decide…
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Volkswagen Gag Could Land It In Trouble With SEC Say Analysts
It was intended as joke for the promotion of a new electric car but instead of smiles, Volkswagen ended up raising hackles, CNN reported. The luxury car maker is in a spot over its “Voltswagen” name change marketing gag and according to commentators it could mean some trouble with the authorities. They say it could…
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Japanese Fruit Sumo Citrus Gaining Growing Popularity In US
Sumo Citrus, a Japanese fruit was introduced into the US in 2011 and had since then slowly become popular and could now be seen everywhere one might look for it, CNN reported. According to Jerry Callahan, group vice president of produce and floral at the grocery store chain Albertsons, when he first tasted the fruit nine years ago, he…
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Online Retailers In Race For Warehouse Space To Service Orders
With online shopping accelerating in the pandemic a space race is now on for building warehousing facilities to sustain the rapid growth of ecommerce companies, CNN reported. Former golf courses, office buildings, vacated shopping malls were all getting snapped up in the big push for space to service online orders. Online Retailers In Race For…
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Nomura, Credit Suisse Warn Of Hits From US Hedge Fund Positions
Nomura and Credit Suisse warned that first-quarter results, would take significant hits as they started exiting positions with a large U.S. hedge that failed to honor margin calls last week, CNBC reported. Nomura, Credit Suisse Warn Of Hits From US Hedge Fund Positions While the fund was not named by either Nomura or Credit Suisse,…
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NASA Unveils $400 Million Program To Allow Private Companies Build New Space Stations
The National Aeronautics and Space Administration last year completed two decades of International Space Station operations. However, as age catches up with the floating research laboratory, NASA is looking to private companies for setting up such labs in low Earth orbit, CNBC reported. NASA Unveils $400 Million Program To Allow Private Companies Build New Space…
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Global Trade Takes Major Hit As Attempts To Free Ever Given Continue
With the Suez Canal blocked by a container ship stuck sideways, efforts are on to free the ship, as dredging crews work to remove massive amounts of sand and tugboats set to be pressed in on Saturday to help with the salvage operations. Global Trade Takes Major Hit As Attempts To Free Ever Given Continue…