Author: News Room
Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system, as chief executive Elon Musk resists rising opposition a rising tide of angst in Washington over US technology companies investing in China.Tesla’s Megapack system provides lithium-ion battery packs to help store renewable energy for electricity grids and represents a key driver for its energy storage and generation business. The electric-vehicle maker said at a signing ceremony in the Chinese city, that construction of its new plant was planned for the third quarter of this year, with production scheduled to begin in the second…
On March 29, 523 business representatives from the Brazil and mainland China gathered for the Brazil-China Economic Seminar in Beijing. One of the outcomes was the signature of 20 agreements to facilitate and expand Brazil-China bilateral trade and relations. The agreements demonstrate efforts to deepen bilateral ties, reinforcing mainland China’s strategic role in Brazilian trade Bilateral trade grew by 10.1% year on year in 2022 and reached a record USD150 billion. The 20 new agreements have a broad scope, indicating that the Lula administration is looking to prioritize deepening economic ties with China. Lula’s visit to mainland China, which was…
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The Love Hate Inu is raising a lot of dust on its presale as one of the best-emerging projects in the emerging industry. So far, the Love Hate Inu protocol has raised over $3 million in less than a month. A feat that ranks the project as one of the best projects so far in the emerging industry.The Love Hate Inu platform is one of the few meme tokens that offers real-world utility, unlike other popular meme coins like Doge and Shiba Inu.The token attributes this utility to its voting system, which is based on blockchain technology that allows people…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. There’s been a seismic shift in investor perspective: Bad news is no longer good news. For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting — just days after a series of bank failures raised concerns about…
Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it. “I want to be greedy on the downside. I want to be giving on the upside,” Jim Cramer said on Tuesday’s edition of the “Homestretch.” “When I see a stock getting tossed out that I love, that is fantastic.” Building on Jim’s philosophy, we analyzed the Club’s portfolio to identify beaten-down stocks that trade at reasonable valuations. The specific circumstances around each stock vary, and impact our ultimate view…
Hours after his historic arrest in Manhattan, former President Donald Trump lashed out in a speech Tuesday night at each of the prosecutors currently investigating him.Trump called Manhattan District Attorney Alvin Bragg, who obtained a grand jury indictment charging the ex-president with nearly three dozen felony counts of falsifying business records, a “criminal” who should “resign.”Department of Justice Special Counsel Jack Smith, who is leading two probes that are eyeing the ex-president for potential crimes, is a “lunatic,” Trump told a crowd at his Mar-a-Lago club in Palm Beach, Florida.Trump said that Fani Willis, the Fulton County district attorney who…
A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as high car prices and persistent inflation strain household budgets. Car repossessions tumbled in the early days of the pandemic when the government sent $5 trillion in stimulus money to American homes and businesses. But they have progressively ticked higher as sky-high prices for used and new cars alike forced consumers to take out bigger loans. In January, the percentage of auto borrowers who were at least 60 days late on their bills climbed 2% from December and 20.4% from a…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Whether you’ve just taken out your first card or your score simply needs a boost, odds are good that you’re looking to build credit fast. The truth is that having a good credit score can open the doors to so many things. For example, when combined with a down payment, a…
