Biden administration holds EV industry meeting with Tesla’s Musk, GM’s Barra

Biden administration holds EV industry meeting with Tesla’s Musk, GM’s Barra

The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles need to be interoperable and provide a … Read more

Ontario declares an emergency over truck blockades in Canada

photo

Ontario’s premier declared a state of emergency Friday in reaction to the truck blockades in Ottawa and at the US border and said he will urgently press for new legislation cracking down on those who interfere with the free flow of goods and people. Since Monday, scores of truck drivers protesting Canada’s COVID-19 restrictions and … Read more

US auto safety regulator asks 12 automakers for assistance in Tesla probe

photo

The U.S. auto safety regulator said Tuesday it has asked 12 major automakers for assistance as part of its probe into crashes involving Tesla vehicles striking emergency vehicles while using advanced driver assistance systems like Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent letters to General Motors Co, Toyota Motor Corp , Ford Motor … Read more

Biden to set target of half of US car sales to be zero-emission by 2030

photo

President Joe Biden will on Thursday unveil a target backed by the Detroit automakers for half of all cars sold in the United States by 2030 to be zero-emission vehicles, the White House announced. The move is the latest reversal by Biden of former President Donald Trump‘s climate and environmental policies, and aims to promote … Read more

What’s Causing the Global Chip Shortage and How Does It Affect You

Chip shortage Reuters 1617368637778

As the US economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport, and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it … Read more

What’s Causing the Global Chip Shortage and How Does It Affect You

Chip shortage Reuters 1617368637778

As the US economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport, and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it … Read more

Tesla to join S&P 500, spark epic index fund trade

photo

Tesla Inc is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk that boosted the electric car maker’s shares 14 per cent on Monday in anticipation of a $51 billion (£39 billion) trade by index funds adjusting their holdings. S&P Dow Jones Indices announced that the company would … Read more

No revenue is no problem in the 2020 stock market

photo

By Chris Bryant Wall Street isn’t always too fussed about whether a start-up is profitable before listing on the stock exchange. A decent track record of sales growth is usually pretty essential, though. That quaint idea has been turned on its head this year by the fad for special purpose acquisition companies. Called SPACs for … Read more

Take Five: It’s August, what could go wrong in market?

photo

August can be a tricky time for markets. It was the month Russia defaulted (1998), China devalued the yuan (2015) and BNP Paribas kicked off subprime meltdown by freezing three of its funds (2007). Plenty could go wrong this August as the world economy staggers under the pandemic, Sino-U.S. tensions bubble and the US. election … Read more