A 20-month-old girl in Arizona was recently trapped inside a Tesla Model Y after the car’s battery died, creating a “life-threatening situation” in which firefighters had to break down the door with an ax to rescue her. Renee Sanchez, the girl’s grandmother, loaded the girl into her car seat for a trip to the Phoenix … Read more
In December 2022, George Fong, a creative director at Disney, sold his beloved childhood home in Los Angeles and moved to Florida — sleeping in a hotel while his Orlando home was ready. Fong had moved across the country — leaving the state where his family had lived for generations — for work. In a … Read more
That’s The Takeaway from this morning’s Brief, which you can do register to receive in your inbox every morning along with: Nvidia (NVDA) posted its 43rd record close on Tuesday, bringing its return to 2024 close to 175%. Unfortunately, passive investors who rely on mutual funds and ETFs as investment vehicles have not been able … Read more
After the June 19 holiday, Wall Street reopened on a cautious note, as the S&P 500 and Nasdaq 100 indexes fell after hitting all-time highs around midday trading in New York. That decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which eased risk sentiment. of iShares Semiconductor ETF SOXX fell 2.4%, … Read more
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibuse Reuters The Swiss National Bank cut its key interest rate by 25 basis points to 1.25% on Thursday, continuing the cuts at a time when sentiment on monetary policy easing remains mixed … Read more
In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said. (A Nio EC7 on display at the Shanghai New Energy Vehicle Show in early June 2024. Image credit: CnEVPost) Nio (NYSE: NIO ) founder, chairman and CEO William Li expressed his … Read more
Disgraced “Pharma Bro” Martin Shkreli claims he and Barron Trump — Donald Trump’s 18-year-old son — are behind a mysterious Trump-branded cryptocurrency that has soared in value this week. Shkreli, who was convicted of securities fraud in 2017 after jacking up the price of a life-saving drug, said he was first approached by an acquaintance … Read more
CNN – The world consumed record amounts of oil, coal and gas last year, pushing planet-warming carbon pollution to a new high, according to a report published Thursday, dashing climate scientists’ hopes that global energy emissions may have peaked. The increase in fossil fuels caused a 2.1% increase in energy-related emissions last year, pushing them … Read more
Two of the major stock indexes fell on Thursday after hitting record highs earlier in the session. Nvidia’s ( NVDA ) record rise — which catapulted it to the title of the world’s most valuable public company — also took a breather. The S&P 500 (^GSPC) lost about 0.2% after briefly passing 5,500 for the … Read more
For immediate release: June 20, 2024 Today, the US Food and Drug Administration extended the approval of Elevidys (delandistrogene moxeparvovec-rokl), a gene therapy for the treatment of Duchenne muscular dystrophy (DMD) for ambulatory and non-ambulatory individuals 4 years of age and older with DMD with a confirmed mutation in DMD gene. Elevidys was previously approved … Read more