A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom.Anadolu | Anadolu | Getty ImagesU.S. electric vehicle maker Tesla has sharply cut its monthly lease fee for British motorists to boost weakening demand, The Times reported on Monday, citing industry sources.The British newspaper reported that Elon Musk’s company was forced to offer discounts of up to 40% to U.K. car leasing companies, noting a lack of storage space nationwide for Tesla vehicles.CNBC could not independently verify the report, and a Tesla…
Author: usaeverydaylife
Martin Barraud | OJO Images | Getty ImagesThe so-called “great resignation” has become the “great stay.” But experts say workers aren’t just staying — they’re “job hugging.”Job hugging is the act of holding onto a job “for dear life,” consultants at Korn Ferry, an organizational consulting firm, wrote this week.Such clinging is a stark contrast from the historic rate of job hopping that workers exhibited in 2021 and 2022, but makes sense given current labor market trends.”There is this stagnation in the labor market, where the hires, quits and layoff rates are low,” said Laura Ullrich, the director of economic…
Morgan Stanley reiterated its bullishness on shares of Nvidia ahead of the graphic processing unit designer’s next earnings release on Aug. 27. The bank maintained its overweight rating on the stock, while raising its price target to $206 from $200. This updated forecast implies that shares could rise 14% from their Friday close. Shares of Nvidia have jumped 34% this year. NVDA YTD mountain NVDA YTD chart “Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so. We expect a strong quarter and outlook, but we’re a little measured on the current quarter — our optimism centers on…
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year.STR | Nurphoto via Getty ImagesThe crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions.The price of bitcoin was last lower by 2% at $115,255.70, after touching a new all-time high last week – its fourth one this year – at $124,496. At one point, it fell as low as $114,706. Ether slid 4% to $4,283.15 after coming within spitting distance of its roughly $4,800 record last…
U.S. President Donald Trump speaks to reporters aboard Air Force One on his way to Alaska meet with Russian President Vladimir Putin on to negotiate an end to the war in Ukraine, U.S., August 15,2025. Kevin Lamarque | ReutersLONDON — Three goals are topping the agenda as several European leaders join Ukrainian President Volodymyr Zelenskyy to meet U.S. leader Donald Trump in Washington D.C.Friday’s Alaska summit raised concerns in Europe that Trump might have softened his stance toward potential sanctions on Russia, and is now pushing for a permanent peace deal in Ukraine instead of an initial ceasefire — an…
There’s a rosy outlook ahead for Sunrun , according to RBC Capital Markets. The bank upgraded the solar stock to an outperform rating from sector perform. Analyst Christopher Dendrinos’ price target of $16 per share, up from $12, implies a potential upside of 15% from here. Shares of Sunrun have surged 50% this year. RUN YTD mountain RUN YTD chart As a catalyst, Dendrinos pointed to guidance issued Friday from the Treasury Department on how renewable projects might qualify for tax credits under President Donald Trump’s One Big Beautiful Bill Act. While the act terminates investment and production tax credits…
A trader watches as U.S. President Donald Trump greets Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on the floor at the New York Stock Exchange in New York City, U.S., August 15, 2025. Brendan Mcdermid | ReutersGlobal markets were on tenterhooks Monday as momentum to end the war in Ukraine appeared to be ramping up, with European leaders heading to Washington for more talks with U.S. President Donald Trump on ending the war in Ukraine.European markets traded mixed ahead of the summit later…
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform.Courtesy: Justin KlishWhen Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head.”Invest like the 1%,” the startup said.The ad spoke to his desire to build wealth and diversify away from stocks, which were then in freefall, Klish said. Yieldstreet says it gives retail investors such as Klish access to the types of deals that were previously only the domain of Wall Street firms or the ultrarich.So Klish, a 46-year-old financial services…
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025.Shelby Knowles | Bloomberg | Getty ImagesShares of Novo Nordisk climbed almost 5% Monday after the company’s blockbuster Wegovy obesity drug received accelerated approval from the U.S. Food and Drug Administration to treat a serious liver disease.The company on Friday said that it was granted approval for the treatment of metabolic dysfunction-associated steatohepatitis (MASH) in adults with moderate to advanced liver fibrosis, in combination with a reduced calorie diet and increased physical activity.Novo Nordisk shares were up 5.46% by 10:43 a.m. London time (5:43 a.m. E.T.).The approval makes…
OpenAI Co-Founder and CEO Sam Altman speaks at Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday. “When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week.”Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also…
