Tesla to Expand Vehicle Lineup With Delivery of First Semi Truck

Tesla to Expand Vehicle Lineup With Delivery of First Semi Truck

During Tesla’s last earnings call, Musk said the company is tentatively planning to produce 50,000 Semis for North America in 2024. He appears to have taken the product off the back burner after the passing of the Inflation Reduction Act, which makes tax credits of as much as $40,000 available to commercial vehicles. .

Powell Signals Downshift Likely Next Month, More Hikes to Come

Powell Signals Downshift Likely Next Month, More Hikes to Come

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Nov. 2, 2022. Federal Reserve officials delivered their fourth straight 75 basis-point interest rate increase while also signaling their aggressive campaign to curb inflation could be approaching its … Read more

Norway to Hit Fleeing Billionaires With Higher Exit Tax

Norway to Hit Fleeing Billionaires With Higher Exit Tax

(Bloomberg) — Norway is introducing stricter rules to tax expatriates amid reports that more of the country’s billionaires have moved abroad or are considering leaving. A five-year time limit on exit tax on unrealized gains on shares and other assets will be abolished and the rules are extended “to apply to the transfer of shares … Read more

Balenciaga Seeks Damages From Company That Made Controversial Ad

Balenciaga Seeks Damages From Company That Made Controversial Ad

Kering SA’s Balenciaga is seeking at least $25 million in damages from the production company behind an ad campaign that has made the luxury fashion house the target of fierce criticism at the start of the holiday shopping season. .

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

“It’s a decent time to start considering sharpening your pencil and think about what is a good buy right now,” Terri Spath, founder and chief investment officer of Zuma Wealth Management, said on Bloomberg Television. She said that the coming slowdown in the US economy would be mild and that if there’s a shallow recession … Read more

Lagarde Says ECB Must Hike Even As Economy Weakens Into 2023

Lagarde Says ECB Must Hike Even As Economy Weakens Into 2023

“How much further we need to go, and how fast we need to get there, will be based on our updated outlook, the persistence of the shocks, the reaction of wages and inflation expectations, and on our assessment of the transmission of our policy stance,” Lagarde said. .

Amazon Plans to Invest $1 Billion a Year in Movies for Theaters

Amazon Plans to Invest  Billion a Year in Movies for Theaters

Customers watch a film at a movie theater in Rio de Janeiro, Brazil, on Saturday, Sept. 18, 2021. Rio de Janeiro is requiring proof of vaccination in order to enter public events, tourist points, movie theaters, sports stadiums, and other entertainment activities, as the country sees more than 21 million Covid-19 cases. Photographer: Andre Borges/Bloomberg … Read more

Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX Meltdown

The BlockFi logo on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022. Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private. Photographer: Gabby Jones/Bloomberg .