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
Ooida trucking authority
Thousands hospitalised as latest sandstorm brings Iraq to standstill
Tony Gamal-Gabriel (AFP) Baghdad, Iraq ● Tue, May 17, 2022 2022-05-17 00:52 0 e16ff64e7ecc29b417414912230c6080 2 Environment Iraq,sandstorm,hospitalized,people,environment,health Free Another sandstorm that descended Monday on climate-stressed Iraq sent at least 4,000 people to hospital with breathing problems and led to the closure of airports, schools and public offices across the country. It is the eighth dust storm since mid-April to hit Iraq, which has been battered by soil degradation, intense droughts and low rainfall linked to climate change. The last one earlier this month led to the death of one person, while more than 5,000 others had to be hospitalised for respiratory problems. On Monday, a thick cloud of dust enveloped the capital Baghdad in an orange glow and blanketed many other cities including the Shiite shrine city of Najaf to the south, and Sulaimaniyah in the northern Kurdish autonomous region, AFP correspondents said. Yellow … [Read more...] about Thousands hospitalised as latest sandstorm brings Iraq to standstill
Stocks’ Decline Steepens on Bullard’s Rate Hike Comments, Inflation Data
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
Stocks Mixed as Retail Sales Drop Most in 10 Months
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
Tesla (TSLA) Falls on Cybertruck Production Delays
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
Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision
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
Not a single car was sold in Shanghai last month
- A + A (May 16): For evidence of just how tight Shanghai’s lockdown has been, consider this: not a single car was sold in the city last month. The majority of the city’s 25 million residents were mostly confined to their homes or residential compounds in April, as part of a sweeping lockdown to stamp out the nation’s worst Covid outbreak since the virus emerged in Wuhan more than two years ago. Almost all dealerships in the city were closed during the month, the Shanghai Automobile Sales Association said in a statement Monday, when it highlighted the zero sales figure. In April last year, 26,311 vehicles were sold in the city, according to the association, which represents about 300 companies. Nationwide, car sales fell the most in two years in April, down almost 36% from a year earlier to 1.06 million units, China Passenger Car Association data released last week showed. The financial hub is finally on the verge of reaching a goal of three days of zero … [Read more...] about Not a single car was sold in Shanghai last month
Wheat prices jump as India export ban adds to supply squeeze
- A + A PARIS/MANILA (May 16): International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. US and European wheat futures climbed by nearly 6%, with the Chicago market — the global benchmark — earlier reaching its daily trading limit and Paris prices approaching all-time highs. By end of its overnight trading session, Chicago futures were up 4.9%, off an earlier two-month peak. Wheat has contributed to record highs this year for global food prices as measured by the UN's food agency, with Russia's invasion of Ukraine upending the market by halting massive shipments from Ukrainian sea ports. India's embargo, prompted by a heatwave that has cut harvest prospects and sent domestic prices soaring, marks a policy U-turn after the government maintained just days earlier that it was still targeting record exports of … [Read more...] about Wheat prices jump as India export ban adds to supply squeeze
When will Democrats deliver on their promise to restore net neutrality?
When the Federal Communications Commission voted to institute strong net neutrality rules in 2015, it was because millions of people from across the political spectrum spoke out. If there’s one thing everyone can agree on, it’s that cable and phone companies shouldn’t be able to screw us over more than they already do, or dictate which websites and apps we can use. advertisement advertisement When the Trump administration’s notorious FCC chairman Ajit Pai repealed those Obama-era protections in 2017, the move sparked some of the largest online protests in human history. Net neutrality supporters crowdfunded billboards, protested in the streets, and drove millions of phone calls, comments, and emails to regulators and lawmakers. To this day, the FCC’s repeal of net neutrality remains the government action that received the most filed opposition comments by individual people in history. Democrats seized on this outpouring of … [Read more...] about When will Democrats deliver on their promise to restore net neutrality?
Aiza Seguerra, Liza Diño wed a second time
AIZA Seguerra (left) and Liza Diño get giggly at their “symbolic” wedding in Batangas on Thursday. INQSnap this page for more photos! SAN JUAN, Batangas—The bride, actress and beauty titlist Liza Diño, was aware enough to call it “a symbolic ceremony” rather than a wedding rite, since same-sex marriage is still not legal in the Philippines. But the giggles, tears and that final kiss were all heartfelt—as though Diño indeed got married to actress-singer Aiza Seguerra. The event, held in Kota Keluerga here in Laiya on Thursday afternoon, was witnessed by the bride’s parents, Martin Diño and Marissa Bautista, and the groom’s, Dick and Caring Seguerra, as well as over 500 relatives and friends. AIZA and her family (from right): Dad Dick, brother Juanchi and mom Caring US wedding The couple was first married on Dec. 8 in San Francisco, California, where same-sex marriage was legalized in June 2008 (retracted in November that same year, and resumed in 2013). “We’re doing … [Read more...] about Aiza Seguerra, Liza Diño wed a second time