China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more.
Wall Street responded favorably to Club holding Costco's (COST) September sales figures, proving yet again why the company is the Club's top retail pick.
Kallenius said that while Mercedes plans to sell internal-combustion models for a while longer, he expects luxury-car shoppers will increasingly choose EVs.
Overall, 14.3% of consumers who financed a new car in the third quarter committed to payments above $1,000 per month, up from 8.3% during year-earlier period.
British Prime Minister Liz Truss on Wednesday that cutting taxes was "the right thing to do morally and economically," doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil.
Engine No. 1 became known for its winning proxy war against ExxonMobil, but it sees the future of energy investing and climate change as a market being broader.
EV startup Rivian Automotive told investors in March that it will produce 25,000 vehicles in 2022. It has three months and a seemingly tall order to get there.