[ad_1] The angular, steel-plated Cybertruck has become the latest addition to Tesla’s expanding lineup of electric vehicles. Built in Texas—right in the heart of pickup truck country—the Cybertruck finally entered the market in late 2023, debuting at a starting price of $60,990. However, the initial units that rolled off the production line were the high-end $120,000 Foundation Series trucks. Although the Cybertruck was originally announced in 2019, it arrived late to the electric pickup truck scene, entering just as electric vehicle buyers began gravitating toward smaller, more affordable options. Even the Cybertruck’s lowest-priced trim is $20,000 more than what CEO…
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[ad_1] The Bipartisan Infrastructure Law was bad for the climate. Wait ’til you see the Unipartisan version.A new analysis by Transportation for America shows that 70 percent of the money from the Biden administration’s signature infrastructure bill, the Infrastructure Investment and Jobs Act (IIJA), funded car infrastructure projects, thanks largely (and perhaps obviously) to state Departments of Transportation. Transit and passenger rail projects represent about 20 percent of funding:States poured so much money into roads, in large part, because of the way the Biden administration and Congress conceived of the law: About $200 billion of the $643 billion went into competitive…
[ad_1] Image source: Getty Images The UK’s FTSE All-Share index had a good run between October 2023 and May 2024, rising around 16%. But then it stalled and has moved essentially sideways since. How frustrating! However, periods of treading water can be good for stocks and shares. Sometimes the market can run away with itself and company valuations often become stretched. Business progress often continues So it’s good to see the FTSE All-Share pause every so often. It gives businesses time to catch up a bit with their valuations. I reckon that often happens because operational progress in the underlying enterprises continues despite…
[ad_1] As reported by Bloomberg, Russia’s largest mining company, Nornickel is negotiating to establish a major copper smelting facility in Fangchenggang, a port city in China’s Guangxi region. The proposed plant will use raw copper concentrate transported from Russia and will have the capacity to refine up to 500,000 tons of copper annually. This project aims to bring the final processing a step closer to China’s vast metal market. Nornickel’s Push for Joint Ventures in China Amid Western Sanctions Nornickel is Russia’s leading metals and mining company and the world’s largest high-grade nickel and palladium producer. President, Vladimir Potanin said that the…
[ad_1] The Mazda CX-5 has been in production since 2017, which is a long run by automotive industry standards. Despite the many newer compact crossover competitors, the CX-5 remains a standout for its sleek design and engaging driving experience. Mazda introduced the slightly larger, pricier CX-50 in 2023, but it didn’t reduce the CX-5 lineup to accommodate the newcomer. Instead, the CX-5 still offers eight trims, two four-cylinder engine options (including a turbocharged version), front- or all-wheel drive options, a refined interior, and an enjoyable drive. While rivals like the Honda CR-V and Toyota RAV4 may have an edge in…
[ad_1] HAUPPAUGE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (Nasdaq: NASDAQ:) (Dime or the Company), the parent company of Dime Community Bank, announced the closing of its public offering of 4,492,187 shares of its common stock, $0.01 par value (the Common Stock), at a public offering price of $32.00 per share, which included 585,937 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were approximately $144 million. The Company received net proceeds from the offering of approximately $136…
[ad_1] IEA defines energy intensity as the amount of primary energy used to produce a given amount of economic output. It is the key global indicator to track energy efficiency- which is technically the rate of change in primary energy intensity. At COP28, at least 200 countries pledged to double energy efficiency improvements by 2030. This is because this factor drives the world’s climate goals. Recently, IEA has rolled out its 2024 Energy Efficiency Report which has decoded the significance of energy efficiency with rising energy demands. Let’s deep dive into this… Energy Demand Surges with Electrification A transition to…
[ad_1] Chrysler is streamlining its Pacifica minivan lineup for the 2025 model year by cutting down the number of trim levels from five to three, while also standardizing features across both the gas engine and plug-in hybrid versions. The base model, now known as the Select, replaces the 2024 entry-level Touring trim and incorporates elements from the 2024 Touring L. This new Select trim is available with either powertrain, as is the top-tier Pinnacle. Meanwhile, the mid-level Limited is exclusively offered with the gas engine. Powertrain Specs and MPG The gas engine in the Pacifica is a 3.6-liter V-6 that…
[ad_1] Investing.com — Following the recent U.S. elections, domestic equity ETFs experienced a surge in inflows, largely directed at large-cap core exposures, according to Citi. “Domestic Equity flows were overwhelmingly positive,” Citi stated, with the post-election environment favoring riskier assets. Total (EPA:) U.S. equity ETF inflows reached “an impressive $46.3 billion,” of which nearly $14 billion was funneled into large-cap core. Smaller-cap ETFs also saw significant inflows, which were notably strong relative to market cap, said Citi. The bank said investment trends leaned heavily towards cyclical sectors, particularly , which led inflows within sector-based ETFs. Additionally, the report noted increased investor…
[ad_1] (Bloomberg) — Shell Plc is looking to sell part of its portfolio of nature-based carbon projects amid a market contraction for emissions offsets. Most Read from Bloomberg The plan continues the oil major’s shift as Chief Executive Officer Wael Sawan focuses on driving returns for the business. The company has retreated from operations where it doesn’t see a strategic advantage, such as offshore wind development, despite pledges in recent years to deliver significant growth in these low-carbon areas. Shell first launched the portfolio of offsets, which covers dozens of projects, in 2018. Three years later, it set a target…