electric car charging Manufacturers have warned that high levels of discounting for electric cars cannot continue “indefinitely” amid a downturn in household sales. Electric vehicle sales rose overall by around 6pc in May, compared to a year earlier, taking their share of the market from 16.9pc to 17.6pc. That represented a faster rate of growth […]
COPENHAGEN (Reuters) -The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Vincent Clerc told the group’s annual meeting of shareholders on Thursday. Maersk last month warned that container shipping overcapacity would hit profits this year, in contrast to the […]
Ana Wolfermann has only known the life of an influencer. As she told Fortune in a recent interview, Wolfermann put her entire weight behind her virtual brand the minute she shrugged off her cap and gown. It had been a long time coming; the digital native began constructing her image and building an audience as […]
A Russian Beriev A-50.AP Photo/Alexander Zemlianichenko, Pool, File Russia’s early warning aircraft fleet is likely grounded, the UK MoD said. Russia only has a handful of the hi-tech planes that detect incoming missiles and identify ground targets. Ukraine has been having great success in shooting down Russian aircraft in recent weeks. Russia has likely grounded […]
Justin Sullivan/Getty Images Nvidia’s stock price is “frothy” and is at unsustainable highs, one analyst said. The stock has a price-to-earnings ratio of 97, far more than all of its trillion-dollar peers. The company’s chipmaker peers like Taiwan Semiconductors haven’t seen the same type of gains. What goes up must come down — and Nvidia, […]
With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke out about the debt on CBS’s 60 Minutes Sunday. “In the […]
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in an 60 Minutes interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at […]
used electric cars Electric cars lose as much as half of their value after just three years on the road, new figures show, as the rate of depreciation far outstrips conventional equivalents. Research from Auto Trader said there were “unsustainable levels of depreciation” in the electric car market, with used prices of battery-powered vehicles dropping […]
The Capitol building is seen through the American flags in Washington DC on October 20, 2022.Jakub Porzycki/NurPhoto/Getty Images US debt will become unsustainable in roughly 20 years if it doesn’t change course, a Penn Wharton Budget Model determined. After that, no amount of tax hikes or spending cuts could prevent default “whether explicitly or implicitly.” […]