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Is this the key to cheaper EVs? Here's how recycling will play a role

  • Is this the key to cheaper EVs? Here's how recycling will play a role Is this the key to cheaper EVs? Here's how recycling will play a role 3:41
    How Lithium Became a Hot Commodity How Lithium Became a Hot Commodity 5:44
    Elon Musk Says Autopilot 'Not Enabled' in Fatal Tesla Crash Elon Musk Says Autopilot 'Not Enabled' in Fatal Tesla Crash 2:31
    Not a Tesla: The Startups Racing to Make Your Next Electric Car Not a Tesla: The Startups Racing to Make Your Next Electric Car 6:58
2:48 p.m. Today - By Mike Murphy
Elon Musk implies Tesla could dump its bitcoin holdingsPrices of the leading cryptocurrencies continued to slide Sunday, with bitcoin falling after Elon Musk suggested Tesla Inc. has sold or may sell its remaining bitcoin assets.
12:55 p.m. Today - MarketWatch.com
Officials walk back Autopilot determination in fatal Tesla crash in CaliforniaA Tesla involved in a fatal crash on a Southern California freeway last week may have been operating on Autopilot before the wreck, according to the California Highway Patrol.
8:28 a.m. Today - By Andrew Keshner
After CDC updates mask guidelines, Disney, Walmart and Trader Joe's issue new policies --- Uber and Lyft say nothing will changeNot all companies are following the CDC guidelines. The grocery store chain Kroger said Friday it 'continues to require everyone in our stores to wear masks'
12:29 p.m. May 15, 2021 - MarketWatch.com
Empty lots, angry customers: chip crisis throws wrench into car businessAmericans are shopping for cars in near-record numbers, but the world’s computer-chip shortage has left dealers with the fewest offerings in decades.
12:04 p.m. May 15, 2021 - By Therese Poletti
The SPACsplosion has reached a reckoningRegulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies.
7:17 a.m. May 15, 2021 - By Elisabeth Buchwald
Some states are cutting unemployment payments to push people back to work --- are extra benefits really keeping Americans out of the labor force?'The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,' the U.S. Chamber of Commerce said.
7:01 a.m. May 15, 2021 - By Jeff Reeves
Should you buy Nio stock? The company may be light on profits, but it's heavy on momentumThe electric-vehicle company's valuation is sky high, but its stock market performance has been unmatched.
5:52 a.m. May 15, 2021 - By Philip van Doorn
Weekend reads: Is bitcoin the new gold?Also, what inflation means for the stock market, and how to do your own ESG investing.
4:15 a.m. May 15, 2021 - By Joy Wiltermuth
How a stock-market selloff made junk bonds an unlikely safe havenU.S. stocks end lower on the week after hot inflation data spooked investors bracing for a roaring, but potentially messy economic comeback. Their equity-like counterparts in the debt world barely budged.
11:15 a.m. May 14, 2021 - By Barbara Kollmeyer
Rather than 'Will cryptos drop to zero?', investors should be asking this question instead, says strategist With cryptocurrencies, investors may be missing a bigger point about disruption and investing right now, says Nordea's Sebastien Galy.
8:23 a.m. May 14, 2021 - MarketWatch.com
Illegal street racing made a comeback during the pandemic --- and these states are cracking downJaye Sanford, a 52-year-old mother of two, was driving home in suburban Atlanta on Nov. 21 when a man in a Dodge Challenger muscle car who was allegedly street racing crashed into her head-on, killing her.
1:05 a.m. May 14, 2021 - MarketWatch.com
How does the 2021 Genesis G90 stand up to the Lexus LS?The 2021 Lexus LS is an established luxury car flagship, while a relative newcomer, the 2021 Genesis G90, is making a name for itself. Here’s how they compare.
6:22 p.m. May 13, 2021 - By Jeremy C. Owens
Elon Musk tweets about dogecoin, and price immediately jumpsA day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, dogecoin, could be turned into a suitable replacement.
2:00 p.m. May 13, 2021 - By Jeremy C. Owens
Fisker stock jumps after announcing U.S. EV manufacturing plans with FoxconnFisker Inc. shares jumped more than 12% in after-hours trading Thursday, after the electric-vehicle company announced plans to make cars in the U.S. with a manufacturing partner known for working with Apple Inc.
12:59 p.m. May 13, 2021 - By Claudia Assis
HyreCar stock rises more than 6% as Q1 sales riseShares of HyreCar Inc. rallied more than 6% late Thursday after the peer-to-peer car-sharing platform reported a wider quarterly loss but sales came in slightly above expectations. HyreCar said it lost $7.2 million, or 37 cents a share, in the quarter, compared with $4.1 million, or 25 cents a share, in the year-ago period. Sales rose 29% to $7.45 million, "showing the resilience of our platform and the growing demand for our services as the country opens up," Chief Executive Joe Furnari said in a statement. Analysts polled by FactSet expected HyreCar to report a GAAP loss of 13 cents a share on sales of $7.2 million. The stock ended the regular trading day down 6.7%.
12:32 p.m. May 13, 2021 - By Robert Schroeder
Biden says he's optimistic on infrastructure deal with Republicans, and more talks are plannedPresident Joe Biden on Thursday huddles with a small group of Senate Republicans in a bid to strike common ground on infrastructure, a day after GOP leaders drew what they called a "red line" over paying for any such package.
12:19 p.m. May 13, 2021 - Barrons.com
Stocks Rally After Inflation Swoon International stocks fell, but U.S. stocks held their ground after the plunge triggered by much stronger-than-expected inflation numbers.
9:50 a.m. May 13, 2021 - By Tomi Kilgore
XPeng stock turns back down after reporting a wider loss, but revenue that soared sevenfold to beat expectationsShares of XPeng Inc. reversed course to trade sharply lower Thursday, after the China-based electric vehicle maker reported a wider first-quarter loss, although revenue rose sevenfold to beat forecasts, and said deliveries were expected to rise to another record.
9:47 a.m. May 13, 2021 - By Claudia Assis
Tesla stock on track to close below 200-day moving average Tesla Inc. stock on Thursday is on pace to close below its 200-day moving average for the first time in more than a year, and on track for its worst week since the week of March 20, 2020. The stock is down 3.41%, which would be the lowest close in nine weeks. Chief Executive Elon Musk tweeted late Wednesday that the electric-car maker , sending Tesla shares and the cryptocurrency lower. When Tesla dipped below the 200-day average last year, it did so amid the March 2020 pandemic selloff, and the stock bounced more than 18% the next session. Shares of Tesla have gained 255% in the past 12 months, compared with an advance of 45% for the S&P 500 index.
9:31 a.m. May 13, 2021 - MarketWatch.com
Whether Tesla did sell any cars for bitcoins remains unclear and the company isn’t sayingElon Musk says Tesla won’t take bitcoins for cars, due to environmental concerns.
9:17 a.m. May 13, 2021 - By Victor Reklaitis
Biden predicts return to normalcy in 'next couple of days' after gasoline shortages due to Colonial Pipeline attackBiden's comments come after Colonial Pipeline late Wednesday said its key fuel artery has resumed operations on the U.S. East Coast following a shutdown in response to a ransomware attack.
6:29 a.m. May 13, 2021 - By Steven Kutz
We bought a house after seeing it for just 15 minutes --- here's how things have worked outWe also bought a car sight-unseen because it was early on in the pandemic
5:14 a.m. May 13, 2021 - By Andrew Keshner
Government warns anxious gas customers: 'Do not fill plastic bags with gasoline'‘When people get desperate they stop thinking clearly,' the Consumer Product Safety Commission said following the Colonial pipeline ransomware attack.
4:44 a.m. May 13, 2021 - Barrons.com
XPeng's Earnings Have a Lot to Like. That's Good News for Weary EV Investors. The Chinese electrical-vehicle maker reported better-than-expected sales, as well as positive news on orders and demand for its driver-assistance software.
3:18 a.m. May 13, 2021 - By Jeremy C. Owens
Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of miningTesla Inc. will halt sales of cars using bitcoin due to the effects on the environment mining the cryptocurrency can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after.
3:12 a.m. May 13, 2021 - By Ciara Linnane
Bankrupt Hertz' stock soars 62% on news of deal to exit chapter 11 that will benefit shareholders Shares of bankrupt car-rental company Hertz Global Holdings Inc. soared 62% in afternoon trade Wednesday, after the company unveiled a plan to help it exit chapter 11 that would benefit shareholders.
2:56 a.m. May 13, 2021 - By Mark DeCambre
Bitcoin bulls on social media reject Musk's reasoning for halting crypto-based car salesStaunch supporters of bitcoin on Wednesday night were questioning Elon Musk's crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to "rapidly increasing use of fossil fuels" mining the digital asset.
5:18 p.m. May 12, 2021 - By Elisabeth Buchwald
Used-car prices surpassed $25,000 for the first time. How to snag a good dealDon't sit on a used car deal, if you're lucky enough to find one since it will likely disappear, car experts told MarketWatch.
4:08 p.m. May 12, 2021 - MarketWatch.com
Feds investigating another fatal Tesla crash; California man arrested in back seat of driverless carFederal safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the steering wheel.
1:49 p.m. May 12, 2021 - By Myra P. Saefong
Colonial Pipeline initiates restart of pipeline operations, says it'll take several days for product delivery to return to normalColonial Pipeline that it has "initiated the restart of pipeline operations" as of 5 p.m. Eastern time, following a ransomware-related operational shutdown late last week. The company operates the 5,500-mile pipeline that transports 2.5 million barrels a day of fuel consumers from Houston, Texas to the New York Harbor. It said it will take several days for the to return to normal and some markets service by the pipeline "may experience, or continue to experience, intermittent service interruptions during the start-up period." Colonial pledged to move "as much gasoline, diesel and jet fuel as is safely possible." Many gas stations in the Southeast have suffered from shortages as drivers have rushed to fill up their tanks in the wake of the shutdown, according to GasBuddy. The average price for a gallon of regular gasoline for the first time since 2014, GasBuddy reported, but the travel and navigation app also said that prices would have likely reached that level even without the pipeline issue as demand has started to recover from weak pandemic levels.
1:04 p.m. May 12, 2021 - Barrons.com
Be Wary of These Closed-End Funds Most CEFs trade at discounts to their underlying net asset values. But a few command premiums, which would seem to make as much sense as putting premium gas in an economy car.
1:00 p.m. May 12, 2021 - By Victor Reklaitis
Biden predicts 'good news' on Colonial Pipeline in next 24 hours — 'we'll be getting that under control'President Joe Biden on Wednesday afternoon says his administration has been in "very, very close contact with Colonial Pipeline" and there would be "some good news" in the next 24 hours on the company's East Coast fuel artery.
12:40 p.m. May 12, 2021 - By Andrew Keshner
Gas prices are rising after the Colonial Pipeline ransomware attack --- here's where drivers will be most affectedThe company delivers approximately 45% of all fuel to the East Coast in a pipeline that stretches from Texas to the New York Harbor.
10:20 a.m. May 12, 2021 - By Ciara Linnane
Hertz shares soar 55% after it approves bankruptcy exit plan that benefits shareholdersShares of bankrupt car-rental company Hertz Global Holdings Inc. soared 55% in afternoon trade Wednesday, after the company said it has selected and approved a revised proposal from Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management to provide the equity capital to allow it to exit Chapter 11. The $6 billion bid will fund Hertz's Chapter 11 plan through direct stock investments from the group of $2.781 billion, the issuance of $1.5 billion of new preferred stock to Apollo, and a fully backstopped rights offering to the company's existing shareholders to purchase $1.635 billion of additional common stock, Hertz said in a statement. "The revised plan would provide for the payment in cash in full of all administrative, priority, secured, and unsecured claims in the Chapter 11 cases and would deliver significant value to the Company's existing shareholders," said the statement. That includes $239 million of cash, common shares equal to 3% of the shares of the reorganized company, 30-year warrants for 18% of the stock of the reorganized company with a strike price based on a total equity value of $6.5 billion or the chance for eligible shareholders to subscribe in the rights offering. That is good news for Reddit investors who last year started to buy the shares of the bankrupt company, even though at that time, the equity stood a chance of being fully wiped out. A rival group including Centerbridge Partners, Warburg Pincus LLC, Dundon Capital Partners, LLC and an ad hoc group of the Company's unsecured bondholders were also vying to fund Hertz's exit from bankruptcy. Hertz shares are up 343% in the year to date.
8:45 a.m. May 12, 2021 - MarketWatch.com
The average price of a new vehicle is now $40,000 --- and people can't buy them up fast enoughFor the next few months, Charlie Gilchrist figures his 11 car dealerships in the Dallas-Fort Worth area will sell just about every new vehicle they can get from the factories — and at increased prices.
8:11 a.m. May 12, 2021 - By Myra P. Saefong
U.S. retail gas prices top $3 a gallon for the first time in over 6 yearsU.S. gasoline prices topped $3 a gallon on Wednesday for the first time in about six-and-a-half years --- and it wasn't because of the Colonial Pipeline shutdown, according to GasBuddy.
4:22 a.m. May 12, 2021 - By Tomi Kilgore
Toyota expects 15% of U.S. sales to be battery, fuel cell electric vehicles by 2030Toyota Motor Corp. said Wednesday it expects battery electric vehicles (BEV) and fuel cell electric vehicles (FCEV) to make up 15% of total U.S. sales by 2030. The Japan-based auto maker said that including hybrid electric vehicles (HEV) and plug-in hybrids (PHEV), 70% of the combined Toyota and Lexus vehicles sold will be electrified by 2030. Globally, Toyota expects to sell 8 million electrified vehicles by 2030, including 2 million BEVs and FCEVs. Toyota's U.S.-listed stock rose 2.6% in premarket trading, after the company reported and was well above expectations. The stock has lost 1.5% year to date through Tuesday, while shares of U.S.-based rival General Motors Co. have soared 33.8%, the iShares MSCI Japan ETF has edged up 0.3% and the S&P 500 has gained 10.5%.
3:05 a.m. May 12, 2021 - By Philip van Doorn
Why the pullback in semiconductor stocks could offer investors a big opportunityChip makers can be volatile in the stock market, but they have rewarded investors well. And now there's a shortage for their products across many critical industries.
10:25 p.m. May 11, 2021 - MarketWatch
Schaeffler lifts 2021 views, swings to profitSchaeffler AG raised its 2021 guidance on Wednesday as it said global production levels of passenger cars and light vehicles are set to be higher than previously expected. The German auto-parts supplier said it now expects its revenue to grow by more than 10% this year at constant currency compared with a previous forecast of more than 7%.
9:42 p.m. May 11, 2021 - MarketWatch
Toyota Motor net profit more than doublesToyota Motor Corp. said Wednesday that its fourth-quarter net profit more than doubled from a year earlier, as it continues its strong recovery from the Covid-19 pandemic. The Japanese auto maker said net profit for the quarter ended March 31 rose to 777.1 billion yen ($7.15 billion) from Y327.3 billion a year earlier.
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