Battery supplier Microvast eyes options after U.S. cancels $200 million grant
The grant, which stemmed from the $1 trillion 2021 bipartisan infrastructure law, was to help Microvast build a plant in Tennessee.
Terry Savage: Do you really think you can beat the market?
The stock market has traded in a fairly narrow range in recent weeks, holding its breath for a deal on the debt ceiling and for signs of oncoming recession. The market is also awaiting future Federal Reserve actions.
Bulls and bears have been in a standoff — debating whether a weaker economy will cause the Fed to cut rates and boost stock prices, or whether an oncoming recession will impact corporate earnings and employment, causing stocks to fall.
What does all of this mean to your retirement portfolio? And what actions — if any — should you be taking now, in this relatively quiet period. Is this the calm before the storm?
As of this writing, the S&P 500 broad market index is up around 8.5% since the beginning of the year, but just 20 stocks — concentrated in tech — have accounted for 90% of those gains. Did you pick the winning stocks, and will you know when to get out?
Trading stocks involves multiple decisions: when to get in, when to get out, and then when to get back in again! You have three times as many chances to be wrong, compared to the long-term investor.
Tesla's annual mileage tops EVs but lags gas vehicles, iSeeCars says
Tesla vehicles are driven about 10,000 miles per year on average vs. 6,700 miles for non-Tesla EVs. Tesla usage is closer to combustion vehicles at about 12,700 miles annually.
GM, Samsung win tax breaks for proposed $3.5B battery plant in Indiana
The project could move forward on the same site where GM had planned to build a fourth U.S. battery plant with previous partner LG.
Do not call: States sue telecom company over billions of robocalls
PHOENIX (AP) — Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry.
The 141-page lawsuit was filed Tuesday in U.S. District Court in Phoenix against Avid Telecom, its owner Michael D. Lansky and company vice president Stacey S. Reeves. It seeks a jury trial to determine damages.
The lawsuit arises from the nationwide, bipartisan Anti-Robocall Multistate Litigation Task Force of 51 attorneys general and the District of Columbia. It was formed last year to investigate and take legal action against telecommunications companies routing volumes of robocall traffic.
Arizona Attorney General Kris Mayes said nearly 197 million of the robocalls were made to Arizona phone numbers between December 2018 and January 2023.
“Every day, countless Arizona consumers are harassed and annoyed by a relentless barrage of unwanted robocalls — and in some instances these illegal calls threaten consumers with lawsuits and arrest,” Mayes said in a statement. “More disturbingly, many of these calls are scams designed to pressure frightened consumers, often senior citizens, into handing over their hard-earned money.”