Among the numerous bold risks Elon Musk has taken in his career, one of the most daring is his current bet on Donald Trump. From satellites to electric vehicles, brain chips to AI-powered robots, Musk’s businesses rely heavily on contracts and regulations set by the federal government. Yet, in an election that most political analysts … Read more
A California utility shut off power in 12 counties in the northern part of the state as a major “diablo wind” — notorious in autumn for its hot, dry gusts — spiked the risk of power lines sparking a wildfire. About 13,000 customers woke up without electricity Friday after Pacific Gas and Electric shut off … Read more
As a result of the record volumes, Union Pacific has made operational changes to accommodate the increased traffic. We have made adjustments to train schedules to help manage the increased volume and keep our network fluid, the spokesperson said. We are working closely with our customers to ensure that we are meeting their needs and … Read more
Elizabeth and her husband found themselves in a tough financial situation when they filed for Chapter 13 bankruptcy to manage their growing debt. Unfortunately, their decision led to even more debt and regret. Elizabeth admitted to making some poor choices out of panic, resulting in a total debt of $91,000 and struggling to afford their … Read more
Swedish truck maker AB Volvo reported a larger than expected decrease in third-quarter adjusted operating profit, citing continued normalization of demand in most of its markets. Adjusted operating profit for the quarter was 14.1 billion crowns, down from 19.3 billion in the same period last year and below the average analyst forecast of 15.6 billion. … Read more
“ De-risking has been a prevalent concept in the realm of UK pension professionals for over two decades. However, it is arguably one of the riskiest terms in the investment vocabulary. Firstly, let’s consider what de-risking entails in practice. For individuals in defined contribution pension schemes, where the pension size is determined by investment returns … Read more
Famed hedge fund manager and Duquesne Family Office founder Stanley Druckenmiller admits he isn’t Berkshire Hathaway’s Oracle of Omaha Warren Buffett. The billionaire investor, who hasn’t lost in a single quarter throughout his 30-year career, said he made a “big mistake” selling Nvidia too early after initially thinking he was going to hold it for … Read more
Customers are shopping at the new Costco store in Nanjing, Jiangsu Province, China on May 28, 2024. The National Bureau of Statistics reported better-than-expected retail sales and industrial production for September in China. Retail sales grew by 3.2% from a year ago, surpassing analysts’ expectations of 2.5% growth. This growth rate was higher than the … Read more
As technology giants increasingly focus on nuclear power to support artificial intelligence and data centers, one particular producer is experiencing a significant surge in its stock value. Oklo, a nuclear power company backed by OpenAI CEO Sam Altman, has witnessed a staggering 150% increase in its shares over the past month. The stock has risen … Read more
Most Asian currencies remained stable on Friday as the dollar held steady at more than two-month highs due to strong economic data, which reinforced expectations of smaller interest rate cuts. Regional markets were largely unaffected by Chinese gross domestic product data showing expected growth in the third quarter. The yuan slightly strengthened after the data … Read more