Tesla has been instructed to “slow down” on car deliveries in Norway this quarter, CEO Elon Musk said on Saturday, in response to woes the company has experienced delivering their vehicles. On Twitter, Musk replied to a report stating that Tesla shipments in the country have been subject to accidents […]
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One portfolio manager says the Fed’s cautious pace on rates is like ‘who’s whispering the loudest’
The Federal Reserve raised rates last week for just the sixth time since the financial crisis and the markets took it in stride. However, one market watcher says the Fed’s slow pace borders on ridiculous. “It’s at such a glacial pace, it’s hilarious,” Bryce Doty, senior portfolio manager of fixed […]
Why Facebook’s privacy woes may only be the tip of the iceberg, for both the site and users
Facebook is facing a backlash from its users and investors, after the company failed to disclose that millions of profiles were used by a third party during the presidential campaign without their consent. Co-founder and CEO Mark Zuckerberg broke his silence this Wednesday, followed by COO Sheryl Sandberg in an […]
DoorDash CEO Tony Xu: We need to know about every pothole and parking spot to perfect food delivery
To make food delivery more efficient, Doordash needs to know about every pothole and parking space. And in order to pull off that feat, CEO Tony Xu has plenty of information at his finger tips. “We collect hundreds of millions of data points,” Xu told Fortt Knox for CNBC. “And […]
This wedding savings strategy is easier said than done
Cutting your wedding costs by avoiding “wedding season” may be easier said than done. In a recent Student Loan Hero survey, 8 in 10 couples planning to get married in the next year said they would be willing to choose a “less-preferable wedding date” if it would save money. That […]
‘March for Our Lives’ rally in DC for gun control draws thousands from around the country
Summoned by high school students swept up in school violence, thousands swarmed into the nation’s capital and cities across America on Saturday to march for gun control and ignite political activism among the young. Organizers of the “March for Our Lives” rally in Washington hoped their protest would match in […]
Oh Snap: Model Chrissy Teigen tells social media followers that she’ll stop using Snapchat
Supermodel Chrissy Teigen announced on Saturday she will stop using Snapchat, making her the latest in a rash of celebrities to speak out against the embattled social media platform. In a tweet to her nearly 10 million followers, she cited Snap’s much-maligned redesign and a controversial ad that made light […]
Even with the sell-off, Trump has presided over a stock surge that’s still holding on to big gains
President Donald Trump has presided over a strong stock market performance since he took office — even if he doesn’t talk about it as much as he used to. Detractors have pointed to the Dow Jones industrial average’s recent stumbles, and highlighted Trump’s recent reluctance to tout the rally now […]
Trump replaced 3 top advisors this month. Here’s how his new hires compare to their predecessors
President Donald Trump‘s massive staff shakeup in March ushered in a new chapter for his presidency — one that could bring seismic changes to America’s economic and foreign policy. In less than four weeks, the Trump administration saw the replacements, either through resignation or removal, of Secretary of State Rex […]
Emerging opportunity: Amid a global sell-off, developing markets may come out on top
Global markets were sent sharply lower this week, as fears of a trade war sent shockwaves across global financial markets. Amid the turmoil, some market participants think emerging markets are a value play to consider. Ed Keon, chief investment strategist at QMA, said developing economies’ stocks are a good buy, […]