Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up
Inside a cupcake truck
Share to Twitter Share to Linkedin Block 16 Urban Food Hall at the Cosmopolitan of Las Vegas Photo: Jeff Green / Courtesy of the Cosmopolitan of Las Vegas When the Cosmopolitan of Las Vegas opened in 2010, it became the hotel for the well-heeled crowd. Dark interiors with purple accents gave the hotel a seductive vibe, only further driven home by the lobby’s 15-foot digital art columns that often showed silhouettes of unclothed women. Majority of its spacious rooms were outfitted with balconies, an unparalleled offering to this day. And its Chandelier lounge, draped in illuminated beads, was where you went to see and be seen. Over the past year, the property has undergone some changes, adding in ultra-exclusive penthouses for their high rollers; switching up their stores to include Sin City–appropriate necessities like Drybar and Reviv; and revamping their food and beverage program to include New York City and Los Angeles favorites like Momofuku … [Read more...] about Inside The Cosmopolitan of Las Vegas’s Impressive Block 16 Urban Food Hall
Share to Twitter Share to Linkedin The context is transitioning from fossil energy to renewables. One key aspect of this is transport via gasoline or diesel vehicles and its transition to electric motors driven by batteries or hydrogen. The fossil fuel industry should be concerned about the efficiency and cost of sustainable transport, because that will determine the speed of the transition which will likely affect the decline of oil production and perhaps the oil and gas industry itself. Elon Musk knows batteries. He builds them: to propel cars and trucks, at one bookend, to grid-scale behemoths that store and stabilize electrical power for hundreds of homes and commercial enterprises, at the other bookend. Last week, May 12, 2022, Musk said hydrogen “is the most dumb thing I could possibly imagine for energy storage.” This is not the first time, as Musk has made similar negative comments in past years. A few years ago, Musk told reporters that hydrogen … [Read more...] about Is Elon Musk Right Or Wrong To Dismiss Hydrogen Use For Low-Carbon Energy Storage?
Stocks fell further this afternoon as the Fed's James Bullard said he'd like to see rates a full percentage point higher by July. Bullard backs at least a half-point hike on the way to a full point gain before July, the Federal Reserve Bank of St. Louis president told Bloomberg News in an interview today. Bullard votes on monetary policy. Key Takeaways Stocks fell further this afternoon as the Fed's James Bullard said he'd like to see rates a full percentage point higher by July. Stocks had been pulling back from the morning's steep declines as strong corporate earnings from Walt Disney and Mattel partially offset stronger-than-expected inflation data. The Consumer Price Index report released today revealed an annual inflation rate of 7.5%, higher than expected and the largest increase in 40 years. Bond yields rose to their highest since July 2019. Today's Market Movers Stocks had pulled back from the morning's steep declines, with some indexes moving … [Read more...] about Stocks’ Decline Steepens on Bullard’s Rate Hike Comments, Inflation Data
As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?
U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months
Electric carmaker Tesla, Inc. ( TSLA ) may have indefinitely postponed production of its Cybertruck. The vehicle, whose prototype was unveiled in November 2019, was due for customer delivery in 2021. Last year, the company announced a delay in its production schedule to August 2022 due to the pandemic shutdown. But the Cybertruck's landing page on the Tesla website now no longer mentions the new date for start of production. The latest change in the vehicle's delivery status was first reported by auto website Edmunds. Tesla CEO Elon Musk had previously tweeted, in November, that he would provide an updated product roadmap in the company's next earnings call on Jan. 26. Key Takeaways Tesla stock fell by nearly 5% after news that its Cybertruck production date will be delayed yet again. The electric carmaker previously delayed production of the vehicle to 2022. Tesla competitors are racing ahead with their plans to release their versions of all-electric pickup trucks. … [Read more...] about Tesla (TSLA) Falls on Cybertruck Production Delays
U.S. stock futures are moving higher, led by technology shares on the Nasdaq exchange, after another volatile day of trading ahead of an announcement from Federal Reserve policymakers about the future of monetary policy . Key Takeaways U.S. stock futures are moving sharply higher, led by technology shares on the Nasdaq exchange. Traders are awaiting a 2 p.m. Eastern time announcement from Federal Reserve policymakers about the future of monetary policy. Cryptocurrencies' rally continued. Oil again marched higher, and the dollar strengthened against the euro. Bond yields fell. Microsoft Corporation ( MSFT ) helped lead tech shares higher after reporting fiscal second quarter results that beat expectations while forecasting better-than-expected quarterly sales for the current quarter. Tesla, Inc. ( TSLA ), scheduled to report earnings after markets close today, is also gaining. The Dow Jones Industrial Average (DJIA) was down more than 800 points … [Read more...] about Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision
As the world’s need for large amounts of portable energy grows at an ever-increasing pace , many innovators have sought to replace current battery technology with something better. advertisement Italian physicist Alessandro Volta tapped into fundamental electrochemical principles when he invented the first battery in 1800. Essentially, the physical joining of two different materials, usually metals, generates a chemical reaction that results in the flow of electrons from one material to the other. That stream of electrons represents portable energy that can be harnessed to generate power . The first materials people employed to make batteries were copper and zinc. Today’s best batteries – those that produce the highest electrical output in the smallest possible size – pair the metal lithium with one of several different metallic compounds. There have been steady improvements over the centuries, but modern batteries rely on the same strategy as that of Volta: … [Read more...] about How electric eels inspired the first battery two centuries ago
After "glass skin" and "dolphin skin", TikTok users are now all going crazy for "jello skin", a new anti-aging skincare trend straight out of South Korea. While it's really about boosting collagen production, this new trend draws on a simple concept that's already very much out there: holistic beauty. As beauty trends land thick and fast on TikTok, many are based on K-beauty – or Korean beauty – which has become a major source of inspiration in the West, despite the recent hype around new influences, including G-beauty (Germany), C-beauty (China), and T-beauty (Taiwan). The latest in line is a new viral skincare trend called "jello skin". Read more: Makeup goes hybrid, focusing on holistic beauty and formulated for skin health "Jello skin" – which evidently refers to Jell-O, the brightly coloured gelatin dessert well known in the US and Canada – seems to be linked to the TikTok account of the influencer @glowwithava, who regularly shares tips and tricks with her 1.4 … [Read more...] about ‘Jello skin’, a new holistic K-beauty trend, is going viral on TikTok