Ford Motor Co. F, +0.44% said late Thursday that its electric-vehicle owners soon will have access to the more than 12,000 Tesla Inc. TSLA, +0.86% superchargers in the U.S. and Canada, as the two automakers have reached an agreement scheduled to start next year. Ford Chief Executive Jim Farley and Tesla CEO Elon Musk held…
Shopping for your dream car? Our in-house automotive experts tested the latest sports cars and ranked them based on performance, style, handling and more. Explore the rankings and find the perfect one for you. 1. 2023 Mazda MX-5 Miata The Mazda MX-5 Miata Mazda Starting price: $29,115 Expert rating: : 4.8 / 5 Combined fuel…
For rear-seat passengers, even the safest small car isn’t as safe as it could be. In a new round of safety tests, just two small sedans got a passing grade for protecting people in the back from a frontal-impact crash. One of America’s two major car safety testers made its crash tests more difficult this…
The last full week of trading for May is set to kick off on a subdued note, as markets wait for progress on the debt ceiling and more Fed clarity on interest rate direction. But the S&P 500’s SPX, -0.14% surprising bust out of a range last week has opened up a debate on Wall…
Here’s a summary of how the 11 sectors of the S&P 500 SPX, -0.14% have performed his year and how forward price-to-earnings ratios compare to valuation levels at the end of 2021: Sector or index 2023 return 2022 return Return since end of 2021 3-year return 5 year return Forward P/E Forward P/E at end…
An all-new electric vehicle, the 2023 Toyota TM, +0.35% bZ4X SUV has a range of up to 252 miles and is similar in size to the RAV4. Pricing starts at $42,000. Although the name seems like some homage to a robot in the Star Wars universe, or perhaps someone just rested their elbow on a…
Remote work has upended corporate America, relieving many workers of crushing commutes and office distractions while infuriating just as many bosses. But the nation’s wealthiest individual, Tesla Inc. TSLA, +0.10% Chief Executive Elon Musk, cast the issue in terms of privilege and morality on Tuesday, saying it was time for the office-averse to “get off…
A new week is pointing to a perky start for Wall Street, with stock futures in the green. But one might wonder “What gives?” as old worries — banking sector concerns and a debt-ceiling standoff — lurk, and some market observers assure the S&P 500 SPX, -0.16% is going nowhere until those are resolved. But…
George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The fund…
Two years ago, I wrote about Rimac Nevera, currently the world’s second-fastest electric vehicle. At that time, Rimac Automobili’s all-electric, $2.1 million hypercar had just set a new standard for EV performance, achieving a top speed of 258 mph and a 0-to-62mph time of just 1.85 seconds. With its 120kWh, 6960-cell battery producing 1914 hp…
Now that we’ve got U.S. inflation data out of the way, the path is wide open — to rev up worries over the debt ceiling. That’s as the S&P 500 index SPX remains a bit stuck, much as it has been since early April. Let’s face it, it’s been a long 2023 so far and…
Li Auto’s shares HK:2015 rose sharply in Hong Kong on Thursday morning after the Chinese electric-vehicle maker reported a swing to a net profit in the first quarter from a net loss a year earlier. The company’s H-shares were recently 15% higher at 113.80 Hong Kong dollars (US$14.53) after earlier rising as much as 17%…
Tesla Inc. Chief Executive Elon Musk joined Texas Gov. Greg Abbott on Monday to break ground on the EV maker’s new lithium refinery. The facility, which would be the largest of its kind in North America, is expected to produce enough battery-grade lithium to build 1 million electric vehicles by 2025. Speaking at the groundbreaking…
Pros Cons What’s new? The 2024 Mini Clubman subcompact car blends sensible with sensational. It has the usual Mini personality and poise, with an extra helping of practicality. Pricing starts at $34,050. For those who love the Mini style and how Mini cars drive (zippy and responsive) but need a bit more space for people…
Daimler Truck Holding XE:DTG said Tuesday that net profit soared in the first quarter of the year due to improved global supply chains and strong demand. The German maker of commercial vehicles net profit jumped to 737 million euros ($811.1 million) in the quarter from EUR257 million a year earlier. Revenue rose to EUR13.20 billion…
AMC Entertainment Holdings Inc. is continuing its post-pandemic recovery, according to Macquarie Research. The movie-theater chain and sometime meme-stock darling reported better-than-expected first-quarter revenue and adjusted earnings Friday, and CEO Adam Aron is confident that the company will benefit from the slate of movies coming in 2023. Over…
America’s car market operates in a giant cycle. No one planned it. But an interruption in one part of the cycle affects all the other parts. Waves that rock the new car market ripple through the used car market years later. Americans have spent most of the past two years dealing with record-high new car…
AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion. “AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock and reverse stock split,” AMC…
Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to data from Stocktwits, a social platform for investors and traders. “Regardless of what’s happening in the broader market, there are communities of retail investors focused on trading stocks that larger players can’t (or won’t),” Tom Bruni, lead writer of the Daily…
May is kicking off with a deal for First Republic Bank, though there’s no real celebrating across Wall Street. That’s as investors face a week full of potentially market-moving events — a Fed meeting, jobs data, Apple earnings and ongoing debt ceiling negotiations. We’re also coming off the highest level since February for the S&P…