Hyundai Mobis is teaming with optics specialist Zeiss to turn the entire windshield into a head-up video screen thanks to a downsized holographic projection system the South Korean automotive supplier hopes to put into production around 2027.
The depressed values of used electric vehicles present an attractive solution to cost-conscious consumers seeking transportation, business leaders said at the 2024 Auto Finance Summit.
By JENNIFER McDERMOTT
One of the largest solar projects in the U.S. opened in Texas on Friday, backed by what Google said is the largest solar electricity purchase it has ever made.
Google executive Ben Sloss said at the ribbon cutting, about two hours south of Dallas, that the corporation has a responsibility to bring renewable, carbon-free electricity online at the same time it opens operations that will use that power. Google expects to spend $16 billion through 2040 globally to purchase clean energy, he said.
U.S. Energy Secretary Jennifer Granholm, who attended, said the solar project is a posterchild for the administration’s efforts to incentivize manufacturers and developers to locate energy projects in the U.S.
“Sometimes when you are in the middle of history, it’s hard to tell, because you are in the middle of it,” she said. “But I’m telling you right now that we are in the middle of history being made.”
SB Energy built three solar farms side by side, the “Orion Solar Belt,” in Buckholts, Texas. Combined, they will be able to provide 875 megawatts of clean energy. That is nearly the size of a typical nuclear facility. In total, Google has contracted with clean energy developers to bring more than 2,800 megawatts of new wind and solar projects to the state, which it says exceeds the amount of power required for its operations there.
Stellantis warned in August that as many as 2,450 workers at the Warren Truck plant would be laid off, but the actual number is less than half as many.
By Sam Taube, NerdWallet
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Sports betting apps now allow millions of Americans to put down serious money on the outcomes of games, and on in-game events such as a specific team scoring first, all from the comfort of their smartphones.
According to Goldman Sachs Research, U.S. sports betting has grown into a $10 billion industry since a 2018 Supreme Court decision allowed states to legalize it — and it could grow into a $45 billion industry in the years ahead .
That growth is apparent in the stock prices of sports betting companies such as DraftKings (DKNG). DraftKings shares have more than doubled in price since the company went public in 2020, albeit with significant volatility since then.
Buying shares of companies that operate in the sports betting industry (like DraftKings) may add some volatility to your portfolio, but it’s still an investment in a traditional asset. So how does that stack up with sports betting itself?