The Commons' business and trade committee has written to Wilko's former chief executive and chair, and representatives at accountancy firm EY, to ask about the shortfall in company's pension fund and dividend payments it made "when it was heavily indebted". - Strike against Tesla by a group of Swedish unions has been branded "insane" by Elon Musk as the industrial action threatens to disrupt the US carmaker's operations in other parts of Europe. - The European Commission has approved a first payout of about 900 million euros ($981.63 million) in frozen funding to Hungary despite Budapest's toughening rhetoric against Brussels...
Continue ReadingI will show you how you can build a dividend portfolio by allocating $100,000 among Novemberâs top 20 dividend companies as well as one ETF. Read more here...
Continue ReadingIndustrial action at carmaker over collective bargaining sparks wave of sympathy strikes that could spill into other countries...
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Continue ReadingAs a disclaimer, I am in a wealth accumulation phase of my investing life. This means that I have a greater appetite for risk in pursuit of portfolio growth, and I don't focus as much on less risky assets like bonds or value stocks that are better for preserving wealth. For the first time in several years, Tesla's (NASDAQ: TSLA) investors are having to temper expectations...
Continue ReadingEV sales are expected to reach over 1 million for the first time to make up a record 9% of all passenger vehicles sold, according to Atlas Public Policy...
Continue ReadingDomestic equities were little changed during the recent period between Index selection dates (October 12, 2023 to November 9, 2023, the âPeriodâ)...
Continue ReadingAs is often the case, observers continue to argue about whether the AI story is based on something substantial, or yet another in a never-ending parade of effervescent bubbles...
Continue ReadingLeading battery makers are scaling back their North American investments and laying off workers as the US electric vehicle industry wrestles with sluggish demand. LG Energy Solution, one of the world’s top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant in Michigan. Fellow South Korean battery maker SK On, which signed an $11bn deal with Ford in 2021 to help electrify the US carmaker’s fleet, said it was also putting workers on furlough as it reduces output at its plant in Georgia...
Continue ReadingThe electric vehicle industry is working to develop batteries that do not rely on lithium, cobalt, or other rare earth minerals, seeking to reduce dependence on monopolized supply chains and improve environmental sustainability...
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