AUTOMOTIVE
- ECONOMY
Tesla Finally Bows to Charging Competition
Mr. Musk will juice you up — yes, even you Nissan and Porsche people who have steered well clear of…
Read More » - ECONOMY
Mercedes-AMG GT 63 S Review: A Supercar With Creature Comforts
(Bloomberg) — On its website, Mercedes-Benz describes the 2021 Mercedes-AMG GT63 S as “a four-door supercar.” This is a bit…
Read More » - Tech
Intel CEO Says Chip Shortage Could Stretch Into 2023
Intel Corp. Chief Executive Pat Gelsinger sees the global semiconductor shortage potentially stretching into 2023, adding a leading industry voice…
Read More » - ECONOMY
Warning From Major Chipmaker Adds to Worries Industry Will Produce More Than Demand
(Bloomberg) — Chipmakers from Taiwan to the U.S. are cranking up production to address shortages that have hammered automakers and…
Read More » - ECONOMY
Greening Energy to Fight Climate Threat May Cost $92 Trillion
(Bloomberg) — Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions…
Read More » - ECONOMY
Low Car Supply Forces Wealthy to Buy Used Rolls-Royces, Bentleys
(Bloomberg) — On July 8, Gigi and Glenn Moss took delivery of their 40th anniversary present to each other: a complementary…
Read More » - ECONOMY
American Father-Son Duo Sentenced to Jail for Helping Carlos Ghosn Escape
(Bloomberg) — The father and son that smuggled Carlos Ghosn out of Japan in a large musical-equipment case were sentenced…
Read More » - Finance
Bitcoin jumps as Elon Musk tweets Tesla will resume transactions once crypto is greener
The price of bitcoin jumped and flirted with $40,000 after Tesla’s chief executive Elon Musk tweeted that his company will…
Read More » - Finance
Here’s why bitcoin on the balance sheet could be an accounting headache
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Musk is widely…
Read More » - ECONOMY
Used-Car Frenzy Makes for Record Prices, ‘Cutthroat’ Sales Floor
(Bloomberg) — James Forcinito is itching to replace his 16-year-old Hyundai with almost 200,000 miles on it. The school psychologist…
Read More » - Market
A benchmark-beating robot thinks AMC will outperform Facebook and GameStop. It likes these other stocks, too.
An exchange-traded fund run by artificial intelligence bought AMC stock at the beginning of July, preferring shares in the cinema…
Read More » - Market
These 8 low-profile electric-vehicle stocks can soar after bold new climate plan unveiled, analysts say
The European Union has unveiled one of the world’s most ambitious plans to tackle climate change in a program that…
Read More » - ECONOMY
Welcome to Europe in 2035: Electric Taxis and Hydrogen Boilers
(Bloomberg) — It’s just after 5 p.m. on Friday in late July 2035. You’re driving home from work in your electric car.…
Read More » - ECONOMY
Musk’s Brother Said He Wasn’t Aware Elon Pushed SolarCity Deal
(Bloomberg) — Kimbal Musk, a Tesla Inc. board member, told a Delaware judge he didn’t know his billionaire brother Elon…
Read More » - ECONOMY
The Best Luxury Cars for Tall People: A Short List
(Bloomberg) — It’s hard out there if you love cars and you’re tall. I once owned a 1988 Mercedes-Benz 560 SL,…
Read More » - ECONOMY
GE Sets 2050 Goal of Zero Emissions From Jet Engines, Gas Power
(Bloomberg) — General Electric Co. vowed to curb the greenhouse gases produced by the use of its products—including thousands of…
Read More » - ECONOMY
Golf Carts Now Run on the Same Batteries as Your EV
Golf carts are no exception. “The pandemic exploded our business,” said John Evans, who has been running Mission Golf Cars…
Read More » - ECONOMY
Ola Raising $500 Million as It Moves Toward Stock-Market Debut
(Bloomberg) — Indian ride-hailing startup Ola said it’s raising $500 million from investors including Temasek Holdings Pte and an affiliate…
Read More » - ECONOMY
The New Ducati Monster May Look Different, But It’s Better Than Ever
(Bloomberg) — Before we start, I should tell you: I am biased. The first motorcycle I ever rode was a Ducati…
Read More » - News
Have a Problem With Your Anti-Lock Brakes? Here’s How to Fix It.
Going over the river and through the woods was more dangerous back when cars had crummy bias-ply tires, rear-wheel drive,…
Read More » - ECONOMY
Text of the U.S. Federal Reserve Meeting Minutes for June 16
(Bloomberg) — Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on June 16: A joint meeting…
Read More » - Market
AMC stock drops after company decides to not ask stockholders if it can issue more shares
Shares of AMC Entertainment Holdings Inc. fell again Tuesday, erasing earlier gains, after the movie theater chain disclosed it will…
Read More » - ECONOMY
Travel Norway’s Fjords on a Quiet Electric Ferry
(Bloomberg) — Hop on a ferry in Norway and it’s increasingly likely that the rumble of a diesel engine will have…
Read More » - ECONOMY
A Posh Motorcycle Club Comes to America—and LA Is Just the First Stop
(Bloomberg) — At first glance, Bike Shed Motorcycle Club could be mistaken as Soho House for motorcyclists. Nestled under four…
Read More » - ECONOMY
India’s Used Car Unicorn Nears $250 Million Deal With DST
(Bloomberg) — India’s Cars24 Services Pvt. is in talks with Yuri Milner’s DST Global and other investors for a funding…
Read More » - Market
Robinhood pays record fine to Finra, settling probe into options trading issues and technology outages
When Robinhood files its IPO paperwork as expected in the coming weeks, it might want to leave “paid biggest Finra…
Read More » - ECONOMY
Didi Wants Wall Street and Beijing on Its Side
(Bloomberg Opinion) — Didi Global Inc. is bringing its dominant ride-hailing position in China to the U.S. stock market. While the Beijing-based…
Read More » - ECONOMY
Smart Charging Tries to Chill the Summer Power Grid
(Bloomberg) — With summer heat frizzling already frazzled power grids, the California Independent System Operator, which handles the state’s grid…
Read More » - ECONOMY
NBA Star Risks Billions for Failing to Diversify Executive Ranks
(Bloomberg) — Vinnie Johnson went from a clutch player for the championship Detroit Pistons to owner of one of the biggest…
Read More » - ECONOMY
Toyota PAC Was Top Donor to Republicans Who Opposed Election
(Bloomberg) — Toyota Motor Corp.’s political action committee has donated to about a quarter of the 147 Republican members of…
Read More » - Market
Tesla faces ‘black eye moment’ over China recall, says bullish analyst
Tesla has one big task ahead. Set things right in China. That’s according to Dan Ives, a bullish analyst at…
Read More » - Health
Green Finance Goes Mainstream, Lining Up Trillions Behind Global Energy Transition
Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away…
Read More » - ECONOMY
The World Economy Is Suddenly Running Low on Everything
(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today,…
Read More » - Market
Opinion: Hydrogen is the one clean energy source everyone seems to like, so why aren’t we using it more to fight climate change?
Tehran, 1943: Joseph Stalin, Franklin D. Roosevelt and Winston Churchill—hosted by the young Shah Reza Pahlavi—agree on plans for the two-front…
Read More » - ECONOMY
Israeli Chipmaker Valens In PTK SPAC Merger Talks
(Bloomberg) — Israeli chipmaker Valens Semiconductor Ltd. is in talks to go public through PTK Acquisition Corp., a blank-check firm,…
Read More » - ECONOMY
The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
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