Drivers charge their Tesla cars in Fountain Valley, California, on March 20, 2024.Jeff Gretchen | Media News Group | Getty ImagesA car loses its value once it's driven off the lot, but electric cars take that adage to a new level. This has become a major barrier to wider adoption, according to some industry and investment experts A recent study from iSeeCars.com showed that the average price of a used electric vehicle that is 1 to 5 years old in the United States decreased by 31.8% over the past 12 months, equivalent to a loss in value of $14,418. In…
Author: ricardofrancois
A Los Angeles police officer who became a gun rights influencer alleged in a lawsuit last year that she faced retaliation after refusing the former president's orders to delete her social media accounts, which showed her shooting rifles at shooting competitions and at training ranges.On Thursday, after a two-and-a-half-day trial, the jury responded to a question about whether Officer Tony McBride had been treated unfairly with a one-word answer: “No.”McBride claimed that former LAPD Chief Michelle Moore blocked her promotions after she refused to remove some videos on social media. She claimed that Moore, who retired at the end of…
The US Securities and Exchange Commission has halted a rule requiring companies to disclose climate risks for the first time, a setback to what was one of the most long-awaited and controversial measures the agency has taken.In an order issued Thursday, the SEC kept the rule in place pending review from the U.S. Court of Appeals, which is considering a raft of legal challenges against the actions brought by Republican state attorneys general, companies and trade groups.The SEC stressed that the move does not mean it is “deviating from its view” that the rule is “consistent with applicable law and…
Investors may want to continue with fixed income investments – and perhaps even add to them – despite the Federal Reserve's intention to lower interest rates this year.“Your biggest mistake might be rushing back into stocks before you've thought about all these opportunities in fixed income,” Joanna Gallegos, co-founder and COO of BondBloxx, told CNBC's “ETF Edge” this week.Although the index has fallen from its peak of more than 5% in late 2023 10-year US Treasury bonds The return has accelerated over the past month. As of market close on Thursday, the yield was hovering near 4.31%. It touched 4.429%…
New York – The group No Labels said Thursday it will not field a presidential candidate in November after strategists at the bipartisan organization failed to attract a high-profile centrist willing to exploit widespread dissatisfaction with President Biden and Donald Trump.“No Labels has always said that we will advance our ballot line only if we can identify candidates who have a credible path to winning the White House,” Nancy Jacobson, the group's CEO, said in a statement sent to allies. “No such candidates have emerged, so the responsible course of action is for us to step down,” he added.The unexpected…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Oil prices rose above $90 a barrel and US stocks fell as rising tensions in the Middle East sent tremors through the markets. Brent crude futures rose 1.5 percent on Thursday to settle at $90.65 a barrel – the highest closing price since October – as traders assessed the possibility of a violent response from Iran after a suspected Israeli attack on its consulate in Damascus. The Standard & Poor's 500 index of blue-chip stocks on Wall Street closed down 1.2 percent,…
Reuters reported on Thursday that Alphabet, Google's parent company, is exploring the possibility of buying Boston-based HubSpot, a customer relationship management and marketing automation company with a market value of more than $33 billion — a number that is rising based on those reports. If such a deal were to occur, the cost would likely be very large, including some significant premium to the current value. This should be to motivate the company to sell and become part of the search giant. It's worth noting that the two companies already have a relationship — a partnership to use Google Ads…
Every year, old times The magazine releases a list of the 200 best inventions of the past 12 months. Honestly, I don't know how editors do it. The dirty secret about this job is that true game-changing inventions rarely cross your desk. In fact, you're very lucky if you get one rate every year. Oculus' Rift prototype looked like such a device when it first crossed the radar more than a decade ago. More than anything else, the system was like a hastily taped ski mask. It was a brilliant presentation, in hindsight – a very rare glimpse into the…
Coronal view of the human brain of a patient with Parkinson's diseaseCommunication Imaging Laboratory in Sherbrooke | Getty ImagesA class of very popular drugs for treating diabetes and obesity has shown early potential to help patients with Parkinson's disease as well. An old diabetes treatment called lixisenatide helped slow the progression of motor disability after 12 months in patients with the early stage of the condition, according to results of a small, mid-stage trial published Wednesday. The medicine he made Sanofisimilar to GLP-1 Novo NordiskThe popular diabetes injection Ozempic and its weight loss counterpart Wegovy. Motor disability refers to symptoms…
Bitkraft Ventures — a gaming venture capital firm based in Denver, Colorado, but with European founders — has raised its third fund, at $275 million. The fund will make seed and Series A investments in game studios and platforms to support game production. The moves come at a time when investments in games have actually fallen by 72% year over year, according to a recent report from Pitchbook. Founded by gaming industry veteran Jens Hilgers, Bitkraft has more than 130 companies in its portfolio and more than $1 billion in assets under management. The VC is an investor in Frost…