Here’s why this trader is piling back into one of the year’s hottest commodities

The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw a … Read more

The Average Electric Car Now Costs $ 54,000

Photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $ 10,000 more than purchasing a gas-powered vehicle, Japanese lawmakers want to cut targets for zero-emission vehicles, and the Hyundai Ioniq 5. All that and more in The Morning Shift for June 27, 2022. 1st Gear: The Average Cost of … Read more

The Average Electric Car Now Costs $ 54,000

Photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $ 10,000 more than purchasing a gas-powered vehicle, Japanese lawmakers want to cut targets for zero-emission vehicles, and the Hyundai Ioniq 5. All that and more in The Morning Shift for June 27, 2022. 1st Gear: The Average Cost of … Read more

This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew – that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to … Read more

The 10 ‘most American-made’ cars and SUVs may surprise you

One Tesla model topped another to rank as the most “American-made” vehicle for 2022 in this long-running index that judges contenders based on their US-based assembly line, major parts sourcing and other features. It’s Tesla’s TSLA, +9.35% Model Y earning the No. 1 ranking from Cars.com this year, the auto listing and news site announced … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Tesla Reported More Self-Driving Crashes Than Any Other Vehicle

Photo: Patrick Pleul (Getty Images) Federal regulators released data today painting the clearest picture yet of the state of driver-assisted technology in the US That picture includes at least half a dozen deaths. 01:57 Rainn Wilson’s First Fandoms: Star Trek And D&D Yesterday 4:32 PM Between July 1, 2021 and May 15 this year, the … Read more

More and More People Are Falling Behind On Their Car Loans

Photo: Steve DaSilva People are falling behind on their car loans, Toyota is idling production lines, and Audi is suing NIO over copyright infringement. All that and more in The Morning Shift for June 16, 2022. 1st Gear: Surely This Bodes Well For The Economy At Large Ford’s CFO, John Lawler, said on Wednesday costs … Read more

The 2023 McLaren Artura Proves Hybrids Don’t Have to Be Scary

Photo: McLaren They’re coming fast now, one after another: Electric and hybrid performance cars, so inevitable and implacable that weary traditionalists barely bother to shake a fist or gnash their teeth. The McLaren Artura is the latest, a 671-hp, 205-mph plug-in hybrid supercar that underscores every industry recalibration and strategic recalculation: If an automaker doesn’t … Read more

What is a mild hybrid? The hybrid technology you might not even know you have

CNN Business – With gas prices passing $ 5 a gallon in many places, drivers may wish that they had a hybrid vehicle. In fact, many owners of newer vehicles could already be driving a hybrid and not even know it. Hybrid technology is finding its way into all sorts of vehicles that aren’t advertised … Read more