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(This March 25 story corrects after E.ON says it will not provide energy solutions to Tesla and has not been given 18 months to do it)
FRANKFURT (Reuters) - E.ON, Germany's largest energy group, has been hired by Tesla to hook its planned Gigafactory near Berlin to the power grid, it said.
The grid connection will be done by EDIS Netz, a unit of E.ON, the company said.
(Reporting by Christoph Steitz; editing by Thomas Seythal)
Charlie Munger of Berkshire Hathaway told CNBC just weeks ago that he would no longer bother with the bucket-list item in his old age.
In the rapidly evolving landscape of electric vehicle (EV) technology, a new player is emerging as a formidable challenger to Tesla Inc.’s dominance. QuantumScape, a Silicon Valley-based startup, is revolutionizing the EV battery market with its cutting-edge solid-state batteries. The batteries are touted to have triple the energy density of Tesla’s lithium-ion cells, significantly faster charging times and a safer, more sustainable design. QuantumScape’s leap into the future is marked by its in
Crispr just executed on a moonshot goal, winning U.K. approval for the first-ever gene-editing treatment and sending CRSP stock sky-high.
Charlie Munger, longtime business partner of Warren Buffet, said he lived in the same house for decades because he thought it'd be better for his kids.
Worldly wisdom and wit from Berkshire Hathaway's Charlie Munger.
Bilibili (BILI) delivered earnings and revenue surprises of -20.83% and 0.73%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?
Exploring how to find cheap stocks priced at $10 per share or below that investors might want to buy in December and beyond
(Bloomberg) -- Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in the Dallas Mavericks NBA franchise from Mark Cuban.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterHamas Releases 12 Hostages Despite Claims of Truce Viol
A stock sale "will shine a spotlight on the business model and financials" of the fast-fashion giant about which little is known, said one analyst.
There’s just over a month left of 2023, which makes this a good time to figure out what lies in store for investors in 2024. Fortunately, we don’t have to rely on ourselves for this, as the equity strategy team at Morgan Stanley is on the job. The team, led by chief investment officer Mike Wilson, agrees that there are clouds on the horizon over the near-term namely because earnings forecasts are down, economic data is weaker, and the recent stock market rally seems limited in scope with essenti
My wife and I are both 56. We have around $1.2 million saved – approximately $450,000 in company 401(k)s, $650,000 in a managed account, and approximately $70,000 in personal stocks. We also have approximately $22,000 in savings. Our home is worth $700,000 or more and we owe $197,000 with a 3.875% interest rate. Our advisor […] The post Ask an Advisor: We’re 56 With $1.2 Million in Investments and Savings. Can We Afford to Withdraw $60k-$80k Per Year in Retirement? appeared first on SmartReads b
Paying a 1% annual fee to a financial advisor for managing a $2 million investment portfolio is pretty typical, but that doesn’t necessarily mean it’s the right amount for every investor. Even small-sounding financial advisor fees can seriously erode long-term returns when compounded over years or decades. A 1% annual fee on a $2 million […] The post I Have $2 Million Invested With My Financial Advisor and Pay a 1% Fee. Am I Paying Too Much? appeared first on SmartReads by SmartAsset.
Hewlett Packard's (HPE) fourth-quarter results reflect the increased demand for its products and services and exceptional performance in areas like the Intelligent Edge, HPC & AI and HPE GreenLake.
The allure of sunshine, low taxes and low housing prices have been attracting people to Florida for decades, but high insurance premiums are beginning to reverse the trend. The U.S. Census Bureau shows that nearly 276,000 people left Florida in 2022, and it's believed that skyrocketing insurance premiums motivated many of the departures. The study showed most of the former Florida residents remained in the sun belt, moving to states like North Carolina, Georgia, Tennessee and Texas. Those states
Influential investor Warren Buffett has been doling out investment advice since the beginning of his career. A staunch advocate of value investing in large-cap, well-managed equities, Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Investing in high-quality dividend stocks can help you generate substantial passive income, creating a sturdy cushion for retirement as well as side earnings. Companies categorized as dividend aristocrats have a
AMC Entertainment, DocuSign, Vivid Seats, Lamb Weston and Fiverr International have been highlighted in this Screen of The Week article.
Okta reported Q3 earnings and revenue that topped consensus estimates. The cybersecurity firm issued preliminary fiscal 2025 revenue guidance.
Snowflake (SNOW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
(Reuters) -GameStop shares jumped nearly 20% to a two-month high on Wednesday, looking to extend a rally ahead of quarterly results next week and as risk appetite returns among retail traders. The videogame retailer's shares were last trading at $16.28 and were among the most actively traded on the New York Stock Exchange. Individual investors purchased $1.92 million worth of GameStop shares on a net basis on Tuesday, their highest since Aug. 6, data from Vanda Research showed.
Apple and Goldman had started to roll out a virtual credit card in 2019. The exit would cover their entire consumer partnership, including the savings account rolled out this year, the report added.
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