Elon Musk’s Boring Company Ghosts Cities Across America

Elon Musk’s Boring Company Ghosts Cities Across America

ONTARIO, Calif.—The unsolicited proposal from Elon Musk’s tunnel-building venture arrived in January 2020. To the local transportation authority, it felt like finding Willy Wonka’s golden ticket. Officials had started planning for a street-level rail connection between booming Ontario International Airport and a commuter train station 4 miles away, with an estimated cost north of $1 … 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 0,000 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

Ford recalling 520.000 Escape and Bronco Sport SUVs

Ford recalling 520.000 Escape and Bronco Sport SUVs

CNN  —  Ford has announced another SUV recall, this time impacting about 520,000 Ford Escape and Bronco Sport compacts in the United States. Potential cracks in the vehicles’ fuel line could cause fires to break out under the hood of some cars, according to Ford and the National Highway Traffic Safety Administration. A total of … Read more

Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Co. CVNA -3.13% , the used-car dealer that was a pandemic winner, is rushing to conserve cash as once-plentiful financing options dry up and business deteriorates. On Friday, Carvana laid off about 1,500 people, its second round in six months. Its weakening finances mean raising funds would be difficult and costly, and it could … Read more

Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off

Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off

WILMINGTON, Del.—The trial over Elon Musk ‘s multibillion-dollar pay package at Tesla Inc. TSLA -1.78% kicked off Monday morning in Delaware’s business-law court. A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, valued at around $52 billion at recent share prices. The plaintiff is alleging that the board at the … Read more

Kentucky school bus crash: More than a dozen students injured, officials say

Kentucky school bus crash: More than a dozen students injured, officials say

CNN  —  All 18 students and a driver have “varying degrees of injuries” after their bus crashed in Kentucky early Monday, a school official said. No fatalities have been reported, Magoffin County School District Superintendent Chris Meadows said in a statement. The students range from elementary to high school, according to the Kentucky Department of … Read more

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX, +5.54% since April 6, 2020, and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has truly peaked, there’s really just … Read more

Ray Hushpuppi: Nigerian Instagram star sentenced to 11 years in prison for money laundering

Ray Hushpuppi: Nigerian Instagram star sentenced to 11 years in prison for money laundering

CNN  —  A Nigerian social media influencer who flaunted a lavish lifestyle of private jets and luxury cars has been sentenced to 11 years in prison over charges related to a multimillion dollar scam that targeted companies in the United States and overseas. Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, … Read more

Tesla Stock Won't Stop Dropping. Here's How Low It Could Go. – Barron's

Tesla Stock Won't Stop Dropping. Here's How Low It Could Go. – Barron's

Tesla Stock Won’t Stop Dropping. Here’s How Low It Could Go.  Barron’s What’s Going On With Tesla Stock Today – Tesla (NASDAQ:TSLA)  Benzinga The Chartmaster says Tesla stock is primed for a breakdown  CNBC Television Tesla Stock Succumbed to Elon Musk. Investors, Beware.  Barron’s Tesla Has ‘The Worst Chart I’ve Ever Seen,’ Cramer Says — But Here’s Why The … Read more

Here’s the trouble under the hood at Warren Buffett’s Berkshire Hathaway

Here’s the trouble under the hood at Warren Buffett’s Berkshire Hathaway

It’s midterm day in America, so pack your weapon (where legally permitted), have your local election lawyer on speed dial and get out the popcorn. U-S-A, U-S-A. More on that later. The company lost $2.7 billion in the third quarter, though its earnings are notoriously volatile, and the losses were down to swings in derivatives … Read more