• Tesla to unveil Model Y on March 14, says Musk
Tesla to unveil Model Y on March 14, says Musk

Two teaser photos of the Model Y have been released. Additionally, 75 percent of the Model 3's build and design will be shared with the Model Y, and the crossover SUV will be built at at Gigafactory 1 in Nevada. Tesla earlier this week offered a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps cre...

Read more

  • Did The Polestar 2 Just Challenge The Tesla Model 3?
Did The Polestar 2 Just Challenge The Tesla Model 3?

As for the base model Tesla Model 3 , that has only 260 miles of range but does cost a bit less than the Polestar 2's eventual base price of $45000, starting at $42,900. Last year, Volvo Australia managing director Nick Connor told industry journal GoAuto that the Polestar 2 would reach Australia in 2020. It brings with it a suite of Go...

Read more

  • SpaceX's Dragon Crew capsule set for historic test
SpaceX's Dragon Crew capsule set for historic test

At 2:49 a.m. ET today, SpaceX launched their latest Falcon 9 rocket from the Kennedy Space Center in Florida. Eleven minutes later, the capsule separated and a series of maneuvers initiated to set the capsule up to automatically dock with the ISS on Sunday.

Read more

  • Oil Dips On Surging US Crude Output, Weak China Data
Oil Dips On Surging US Crude Output, Weak China Data

Oil prices had crashed below US$30 per barrel down from over US$100 per barrel due to a glut in supplies and weak global demand. According to recent Dow Jones data, global crude prices have risen 25-percent this year in their best rally since records began in 1984.

Read more

  • Domestic diva Martha Stewart entering cannabis products industry
Domestic diva Martha Stewart entering cannabis products industry

We do hope she moves on to people products soon, 'cause how live would a Martha Stewart weed lasagna be? Tweed, a Canopy Growth subsidiary, partnered with Snoop Dogg in 2016. The regulatory environment for CBD remains in flux, though. "Any brand referencing a celebrity by name will be offside in that case", Trina Fraser, a business lawyer a...

Read more

  • Gap to spin off Old Navy into its own company
Gap to spin off Old Navy into its own company

Additionally, the company announced a plan to restructure the specialty fleet, including the closure of about 230 Gap specialty stores over the next 2 years. At the end of 2018 there were 1,242 company-operated Gap shops worldwide with 152 in Europe, the majority being in the UK. Peck has been there most of the way, first taking charge of the Gap...

Read more

  • Lyft's IPO filing reveals almost $1B in net losses in 2018
Lyft's IPO filing reveals almost $1B in net losses in 2018

Meanwhile, its revenue doubled from $1.1 billion in 2017 to $2.2 billion in 2018. Revenue had skyrocketed more than 200 per cent in 2017 compared to 2016, when the company brought in $343.3 million. Lyft is offering some of its most dedicated drivers, who are contractors, a cash bonus that they can use to buy shares in the IPO , it said in a state...

Read more

  • YouTube will now disable comments on all videos featuring children
YouTube will now disable comments on all videos featuring children

Though the company said it's starting with a small group, it eventually wants to open up comments again to more creators. Along with disabling comments on videos featuring minors, YouTube also announced that it sped up the launch of a " more effective" classifier which can identify and remove double the amount of individual predatory comment...

Read more

  • NY officials to Amazon: Please don't go
NY officials to Amazon: Please don't go

As a group of wise boys becoming men once said , it's so hard to say good-bye to yesterday. The Amazon deal was strongly opposed by local progressive advocacy groups, major unions , and a number of NY politicians, who argued that the proposed HQ2 would contribute to already soaring housing prices and staggering income inequality in the state....

Read more

  • Amazon Is Developing Services to Help Kill Off Counterfeit Product Sales
Amazon Is Developing Services to Help Kill Off Counterfeit Product Sales

For years, brands have complained about the large number of counterfeits sold on the Amazon marketplace. The Counterfeit Report , an advocacy group that works with companies to stop the sale of counterfeit products, says on its website that an estimated 13 percent of all products sold on Amazon are fake.

Read more

  • China in focus after fresh proposal on Masood Azhar at UNSC
China in focus after fresh proposal on Masood Azhar at UNSC

As Pakistan prepared to hand over the captured Indian pilot, blistering cross-border attacks across the disputed Himalayan Kashmir region continued for a fourth straight day, even as the two nuclear-armed neighbours seek to defuse the most serious confrontation in two decades.

Read more

  • US lawmakers, industry fret over Trump's China trade deal eagerness
US lawmakers, industry fret over Trump's China trade deal eagerness

Well, at the end of this week, the US was set to raise the tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent. Trump tweeted on February 24 that the U.S. But as the March 1 deadline drew closer, Trump has appeared increasingly eager to make a deal, causing concerns among trade watchers that he was eroding U.S.

Read more

  • Tesla's long-awaited $35000 Model 3 is here
Tesla's long-awaited $35000 Model 3 is here

All would-be buyers of Tesla's all-electric vehicles are taken to www.tesla.com/soon and a page that simply reads, "The wait is nearly over". Moving these features under the Full Self-Driving section may be a move by Tesla to make more profit off of each vehicle since the price has been lowered.

Read more

  • Fed’s Powell forecasts solid but slower USA economic growth in 2019
Fed’s Powell forecasts solid but slower USA economic growth in 2019

Powell said the Fed is seeing more and more evidence of student debt having a real impact on Americans' financial decisions. In prepared testimony released in advance of two days of hearings on Capitol Hill, Powell said the Fed would remain "patient" in deciding on further interest rate hikes, reaffirming the policy shift made by the central b...

Read more

  • Victoria's Secret closing 53 stores after poor holiday sales
Victoria's Secret closing 53 stores after poor holiday sales

Additionally, the 2018 Victoria's Secret Fashion Show had the smallest audience since becoming a holiday-season TV event in 2001, with just 3.27 million viewers, the Nielsen company said. The owner, L Brands, is looking to close the worst performing stores. A popular retailer is closing more stores than usual after reporting declining profits.

Read more

  • ‘Truly Remarkable’: Detroit Scores First Major Auto Plant In Nearly A Generation
‘Truly Remarkable’: Detroit Scores First Major Auto Plant In Nearly A Generation

The automaker announced plans today to build a new assembly plant and expand production at five existing facilities, a move that will cost $4.5 billion and add upwards of 6,500 new jobs. FCA says the factory would also be used to build plug-in hybrid variants , as well as offering the "flexibility" for pure-electric versions of those vehicles down...

Read more

  • GE Stock Surges on News of Biopharma Sale
GE Stock Surges on News of Biopharma Sale

Pharmaceutical Diagnostics, now part of GE Life Sciences, will remain within the GE Healthcare portfolio. So by selling off the unit for $21 billion in capital that will be coming into GE, it also added nearly $7 billion in market to end with a $94 billion market value.

Read more

  • Elon Musk ordered to tell judge why he's not in contempt
Elon Musk ordered to tell judge why he's not in contempt

CFRA Research expressed skepticism that Tesla's board will be able to rebut the SEC's case that Musk violated the settlement , and cited this new legal uncertainty to reiterate its "hold" recommendation on the company, meaning it owners should neither buy nor sell stock.

Read more

  • Porsche reveals its bestselling Macan SUV is going electric
Porsche reveals its bestselling Macan SUV is going electric

After that, the company could present electrified versions of its traditional sports cars, the 718 Cayman and Boxster, and the 911. The electric Macan is going to follow up the all-electric Porsche Taycan which is supposed to come out in 2020.

Read more

  • Chinese stocks surge after Trump postpones tariffs
Chinese stocks surge after Trump postpones tariffs

Securing some rather minor concessions from China to purchase more soybeans from the US was the easy part, but forcing sweeping changes to its trade practices - the so-called "structural reforms - will be extremely hard, if not potentially unobtainable".

Read more