Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut earlier as the economic toll of the squeeze mounted.
Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut earlier as the economic toll of the squeeze mounted.
China's Ganfeng Lithium Co Ltd, the world's biggest lithium company by market capitalisation, is considering making nickel chemicals for electric vehicle (EV) batteries in Indonesia, its vice chairman told Reuters.
Several key Apple and Tesla suppliers said they had halted production on Sunday at some of their Chinese facilities to comply with the country's tighter energy consumption policy.
Apple supplier Unimicron Technology Corp said that three of its subsidiaries in China had to stop production from midday on Sept. 26 until midnight on Sept. 30 to "comply with the local governments' electricity limiting policy".
Except for one or two big drops along the way, like the one caused by the start of the pandemic last year, the S&P 500 has been on what's essentially a multi-decade run higher. A bull market that long in the tooth can get people jittery.
Investors love beating the stock market, but it's hard to do. There are no guarantees when it comes to stocks, but there are definitely some smart moves you can make to get the most out of your investment portfolio. That could mean unlocking more growth or increasing your dividen
Chinese technology executives, facing a crackdown by the authorities, pledged support on Sunday for Beijing's "common prosperity" drive and to help smaller companies.
For many investors who have been in the game for at least a few years, a common problem is position sizing. A successful company stock could grow into a very large percentage of your portfolio or net worth. Should you let it ride to continue compounding your investment return, or
The global electric car market grew 43% in 2020 in terms of units, with new car sales soaring 70% in a year when sales of conventional cars dropped, according to the International Energy Agency. Consumers spent $120 billion on electric car purchases in 2020, up 50% from 2019.
Resilience has been a key feature of the stock market over the past 18 months, and Friday provided another small but meaningful example of that. After the benchmark indexes started the day with decent-sized declines, stocks inched higher during the session, eventually producing m
The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.
Elon Musk and his girlfriend, Canadian singer Grimes, are "semi-separated" after three years together, the billionaire chief executive of Tesla and SpaceX told Page Six in a story published on Friday.
The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook offset a dive by Nike after the athletic wear company delivered a downbeat sales forecast.
The planned opening of Tesla's first gigafactory in Europe later this year will force local industry to step up its game, Volkswagen Chief Executive Herbert Diess said on Friday.
Reuters
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