Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more

Rising Power Prices in Europe Are Making EV Ownership More Expensive

Rising Power Prices in Europe Are Making EV Ownership More Expensive

BERLIN—Rocketing electricity prices are increasing the cost of driving electric vehicles in Europe, in some cases making them more expensive to run than gas-powered models—a change that could threaten the continent’s electric transition.   Electricity prices have soared in the wake of Russia’s invasion of Ukraine, in some cases eliminating the cost advantage at the pump … Read more

Food-Delivery Apps Press to Amend New York City Fee Caps

Food-Delivery Apps Press to Amend New York City Fee Caps

Delivery companies Grubhub and DoorDash Inc. DASH 2.33% are pushing for enactment of a bill in New York City that would amend the city’s cap on the fees they can charge restaurants—a measure the companies say is urgent as a new minimum wage for delivery workers takes effect next year. Grubhub retained a former state … Read more

Wholesale Used-Car Prices Dropped 15.6 Percent This Year

Wholesale Used-Car Prices Dropped 15.6 Percent This Year

Photo: Newsday LLC / Contributor (Getty Images) It sucks to be in the market for a car these days. High MSRPs and even higher dealer markups make a lot of new cars unreachable for a lot of buyers, which has increased demand for used cars. As a result, pre-owned prices have shot up as well. … Read more

Facebook Parent’s Oversight Board Criticizes ‘Cross Check’ Program That Protects VIP Users

Facebook Parent’s Oversight Board Criticizes ‘Cross Check’ Program That Protects VIP Users

Meta Platforms Inc. has long given unfair deference to VIP users of its Facebook and Instagram services under a program called “cross check” and has misled the public about the program, the company’s oversight board concluded in a report issued Tuesday. The report offers the most detailed review to date of cross check, which Meta … Read more

OPEC+ Keeps Oil Curbs Despite Russia Price Cap

OPEC+ Keeps Oil Curbs Despite Russia Price Cap

OPEC+ said Sunday it would keep output steady ahead of a momentous week in global energy markets, as wealthy nations impose a price cap on Moscow’s petroleum exports, the European Union launches a ban on Russian oil and Chinese leader Xi Jinping visits Saudi Arabia. The decision on Sunday allows the Organization of the Petroleum … Read more

Operators capitalize on DC Cocktail Week to bring new customers into restaurants and bars

Operators capitalize on DC Cocktail Week to bring new customers into restaurants and bars

Bo & Ivy is offering an alcoholic version of the Dole Whip paired with an artisan shortbread cookie from a local baker. /Photo by Patterson Stuart. With the holiday season getting into full gear this post-Thanksgiving week, the Restaurant Association Metropolitan Washington figures it’s a fine time to run DC Cocktail Week. Unlike Restaurant Week … Read more

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla ‘s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the … Read more