What a Tesla ‘Seagull’ Might Cost, and Where It Would Sell
The threat of cheap Chinese cars has Washington, and investors, atwitter. There isn’t anything magical about China’s ability to produce low-price cars. Tesla could do the same. It won’t though because few people want them. BYD cut the price of…
Biden’s gasoline sale likely won’t have a major impact on summer pump prices
A sign displays gas prices at a gas station on May 21, 2024 in Chicago, Illinois. Scott Olson | Getty Images But the barrels in the Northeast Gasoline Supply Reserve are equivalent to just 2.65 hours of total U.S. gasoline…
Amazon plans to give Alexa an AI overhaul — and a monthly subscription price
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail…
Lowe’s CEO explains why the company is partnering with Big Tech
In a Tuesday interview with CNBC’s Jim Cramer, Lowe’s CEO Marvin Ellison described the home improvement retailer’s partnerships with Big Tech companies like Apple and Nvidia. “We’ve had great work with Nvidia on AI and AI technology that we’re using…
Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4
A customer gets gas at a Shell station on May 15, 2024 in Miami, Florida. Joe Raedle | Getty Images The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices at…
How Apple’s AI push could do more than just reignite iPhone sales
A new note from Melius Research supports what Jim Cramer has been saying for a while now: Club holding Apple’s integration of artificial intelligence into the iPhone should be a boon to investors. Shares of Apple are “gearing up for…
Amish in NYC: Farmer commutes 6 hours a day to bring Lancaster products to his new store
Metro By Chris Harris Published May 18, 2024, 8:42 a.m. ET Amish eyes are smiling on the Upper West Side. Millport Dairy, the first truly authentic, Amish-owned brick-and-mortar store in the five boroughs, opened May 1 on Broadway between 97th…
Despite reasons for Ford’s latest EV sales surge, there’s a lot going right at the automaker
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the reasons behind the pricing, Freedom Capital Markets auto analyst Michael…
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. Elizabeth Frantz | Reuters Is this an inflation head-fake or…
Rogoff Says Markets Will Thwart Any Political Pressure on Fed
Harvard University economics professor Kenneth Rogoff said that financial markets would effectively impose restraint on any move by a US president to force the Federal Reserve into easing monetary policy. “If you take away Fed independence, investors are going to…