investing

Here’s how much the average working boomer has saved for retirement

Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t so much bleak as devastating. Less than half …

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Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Elon Musk wants to share some good news. The Tesla (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy. Musk said the electric vehicle maker faces billions of dollars in losses …

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EV Sales are Surging, so Why Are Automakers Planning Layoffs?

While electric vehicles are enjoying an unprecedented surge in popularity, ongoing supply chain problems, and growing recession fears are beginning to hit the automotive industry. EV sales rose 65% in Europe last year and doubled in the United States. But automakers are facing higher material and labor costs along with supply chain woes. The popularity …

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Burger King’s Menu Has Answers for the French Fry Shortage

A burger and fries simply go together. They’re the Ernie and Bert of fast-food pairings; it’s nearly impossible to think of any other food accompanying a hamburger. Perhaps that’s why McDonald’s (MCD) – Get McDonald’s Corporation Report has never struggled to keep in stock the apple slices it offers as a substitute for fries in …

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Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, …

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Tesla Rival Declares Devastating News

Electric Last Mile Solutions (ELMS) on Dec. 11 2020, announced it was going to list on the Nasdaq through a merger with a special purpose acquisition company. “The demand for cost effective solutions to support the e-commerce ecosystem is overwhelming,” James Taylor, the commercial electric vehicle maker’s then-CEO, said at the time. “This industry promises …

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