SHANGHAI/SAN FRANCISCO, Dec 21 (Reuters) – Chinese Tesla Inc (TSLA.O) chief Tom Zhu and a team of his reports have been brought in to resolve production issues in the United States, fueling talks between colleagues for whom he is prepared for a bigger role at a time when chief executive Elon Musk has been distracted …
Tesla sends Shanghai boss and his aides to revive US production Read More »
The epic battle for share of wallet between Amazon and Walmart has entered uncharted waters in 2022. Following the action in the PYMNTS Amazon Versus Walmart report series, the year began with big news: the e-commerce titan beat the Bentonville giant for the first time in history, ushering in a new competitive dynamic between online …
Amazon and Walmart’s market share battle has crossed new lines in 2022 Read More »
The foot injury that Anthony Davis suffered last week has diminished the chances that the Lakers will bet on a major exchange, according to several sources Jovan Buha of The Athletic. He adds that the only exception would be if the team could acquire a young star who they believe could succeed alongside Davis over …
Lakers ratings: Davis, Trade Market, LeBron, Bryant, Christie Read More »
(Bloomberg) — Micron Technology Inc., the largest U.S. memory chipmaker, said the industry’s worst glut in more than a decade will make it difficult to return to profitability in 2023. Bloomberg’s Most Read The company announced a series of cost-cutting measures on Wednesday, including a 10% reduction in the workforce, aimed at helping it cope …
Micron to cut 10% of its workforce as demand for computer chips plummets Read More »
Stock futures rose slightly in overnight trading on Wednesday after better-than-expected earnings and strong consumer confidence data helped boost stocks for a second day. Stock futures tied to the Dow Jones Industrial Averages gained 38 points or 0.1%, while S&P 500 futures added 0.15%. Nasdaq 100 futures edged up 0.12%. Shares of Micron Technology slid …
Earlier this month, top White House energy adviser Amos Hochstein called shale drillers “un-American” for their refusal to increase oil production despite multiple calls from administrations to do so. . Now the industry is fighting back. Pioneer Natural Resources CEO Scott Sheffield, one of the industry’s most outspoken executives, indirectly explained to the White House …
Shale Giant Pioneer Explains Why American Drillers Won’t Drill Anymore | OilPrice.com Read More »
A new report from the Congressional Budget Office projects an even bleaker outlook for the future of Social Security than previously calculated. Without action to remedy the situation, huge benefit cuts for recipients will begin in 2033. And stopping those cuts will require massive tax increases for working Americans now. Contrary to Social Security administrators’ …
23% benefit cut and 4 more things about the future of Social Security Read More »
Will Twitter survive Elon Musk? Readers are Googling this question and journalists and columnists are working hard to provide an answer. But journalists are overlooking one of the most promising sources for answering them: forecasting markets and forecasting platforms. Prediction markets have been around in one form or another for decades and have already made …
Journalists are realizing the power of prediction markets Read More »
The San Diego area is among the home markets expected to cool the most in 2023, according to a new national report. Housing website Redfin’s long-running year-ahead analysis indicates that West Coast markets and metropolitan areas that have seen the biggest gains during the COVID-19 pandemic will slow the most. He picked the markets by …
San Diego among housing markets expected to cool the most in 2023, report says Read More »
WASHINGTON, Dec 21 (Reuters) – The Biden administration unveiled new restrictions on technology exports to Russia’s Wagner military group on Wednesday, in a bid to further stifle the contractor’s supply due to its role in the Russian invasion of Ukraine. The Wagner Group, which was added to a commercial blacklist in 2017 after Russia annexed …
Exclusive: Biden hits Russia’s Wagner Group with tough new export restrictions Read More »
