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Behind GM, Ford’s new EV strategy is old-time financing: Cash

On September 16, 2021, the prototype Ford F-150 Lightning electric truck cab is seen riding on an automated guided car (AGV), at Rouge Electric Vehicle Center, Dearborn, Michigan. Rebecca Cook | Reuters Detroit’s automakers are using a surprisingly conservative financial strategy in order to make EVs the new vehicle of choice for American customers. They […]

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Amazon stock on pace for its worst week in six months

Andy Jassy is Amazon’s CEO Bloomberg | Bloomberg | Getty Images AmazonStocks fell on Friday, taking it below 8% for the week. This was due to a wider market sell-off that impacted technology stocks. Amazon would suffer its worst week in six years if shares are down by more than 8 percent. Friday saw markets […]

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Hedge fund manager David Neuhauser gives tips for young investors

Getty Images | E+ | Getty Images David Neuhauser (hedge fund manager) shared his top tips with CNBC. Neuhauser has made quite a reputation for placing bets against the popular stocks on the market. Talking about the most recent CNBC Pro TalksNeuhauser advised investors to be cautious of technology stocks with big names that have […]

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Ex-SpaceX engineers design electric train cars

The Parallel Systems team. Photo courtesy Parallel Systems. A company is being launched by three ex-SpaceX engineers to build self-powered electric train cars. This will improve the efficiency of freight rail and reduce emissions. Transporting freight by train is more energy efficient than using trucks. CNBC CEO Matt Soule stated that one train unit can […]

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Geothermal energy could transform the way lithium is sourced

It is known for its beautiful coastline, picturesque countryside, and fresh seafood. If everything works out, lithium extraction could become a string in the future. Cornwall’s county is working hard to develop an industry that can produce both renewable and local energy. In addition to its role in smartphones, tablets, computer and other devices, lithium […]