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Behold mighty shovels as they claw bloodstone into lumbering haul trucks. Watch the iron ore train trundle south, mounds of dark gray pellets steaming from each stout car. See bubbling vats of molten metal feed Rust Belt smoke stacks that reach for red skies like dragon fingers.These images of industrial America — steel! — occupy our national imagination. They hearken back to times of growth and plenty, and fuel economic nostalgia we can’t seem to quit. There’s just one problem.It’s all falling apart.Decades of neglect in American steelmaking infrastructure tipped U.S. Steel, once the biggest corporation in the world, into…
McDonald’s Corporation (MCD) has once again struck a chord with customers through its clever pricing tactics. The fast-food giant’s $5 meal deal, which was first introduced in May, has turned out to be a big hit with customers feeling the pinch of inflation. Originally planned to run for just four weeks, the deal was so successful that McDonald’s extended it through the summer. However, the timing of this extension wasn’t accidental. The move came after MCD’s global comparable sales dipped by 1%, and net revenues remained flat compared to the previous year, in the second quarter ended June 30, 2024.…
How should you invest if you’ve just received a quick windfall? Say $10,000 or even $100,000. The stock market is near all-time highs, so an aggressive investment stance will likely expose you to a lot of downside risk. A better option would be to lock in some above-average yields backed by reliable dividend payers. To that end, you’ll want to look at Black Hills (NYSE: BKH), Realty Income (NYSE: O), and Medtronic (NYSE: MDT) today. Here’s why.1. Black Hills is small but mightyAs far as utilities go, Black Hills is a small fry with a market cap of around $4.2…
The advent of non Tesla vehicles at Supercharger stations, once exclusive to Tesla owners, has ignited a new set of challenges. The short charging cables, designed for Tesla’s specific charge port placement, have proven inadequate for many other electric vehicles, forcing drivers to park in awkward positions. This inconvenience has prompted third party companies to develop extension cords and charging adapters to bridge the gap. However, Tesla has vehemently opposed these solutions, citing safety concerns. Concerns have been raised about the safety of using extension cords with DC fast chargers, particularly Tesla’s Supercharger network. Non Tesla EV Charging at Superchargers…
Image source: Getty Images It’s very rare that I immediately make a share a large holding in my ISA. In my experience, it’s better for a stock to earn that position over time through outperformance and increasing levels of trust. However, I recently made an exception with Uber Technologies (NYSE: UBER). And I did so in large part because of its massive opportunity in a brand new market potentially worth $1trn+ in future. Robotaxis are here The market is autonomous vehicles (AVs). While we’ve long heard about driverless cars, they’ve always seemed a decade away (at least). But Waymo’s robotaxis…
The Toyota Camry, in its redesigned 2025 iteration, has proven its safety credentials by earning the prestigious Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS). Building upon the solid crashworthiness foundation of its predecessor, the hybrid only model aced six out of seven rigorous tests, demonstrating its exceptional ability to protect occupants in a variety of collision scenarios. The Camry’s impressive performance in the IIHS tests underscores its commitment to safety. The vehicle excelled in the small overlap front, updated moderate overlap front, and updated side impact tests, earning the maximum possible rating. This demonstrates its…
(Reuters) -Liquidators of the electric vehicle arm of debt-laden China Evergrande (HK:) are still in talks with a potential buyer to take a stake in the company with a view to provide a new credit line to support production. In its initial days, the electric vehicle maker aimed to take on Tesla (NASDAQ:) and had a market valuation higher than Ford Motor (NYSE:), but it has since been mired in the debt crisis engulfing its property developer parent. China Evergrande New Energy Vehicle said on Thursday its liquidators had not yet entered an agreement with any potential stake buyer nor…
The year 1976 marked a significant milestone for America, not only with the launch of Apple’s first computer, the debut of Rocky, the premiere of Charlie’s Angels, and Jimmy Carter’s presidency but also with the final production of the iconic Pontiac Trans Am. This muscle car, introduced in 1969, had initially struggled to gain popularity, with sales numbers remaining relatively low until 1974. However, a remarkable surge in demand followed, culminating in a peak production of 117,108 units in 1979. This unprecedented growth occurred amidst the economic challenges of the 1970s, making the Trans Am’s success even more impressive. The…
Former mayor of New York City and former Trump lawyer Rudy Giuliani reacts at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. Brendan Mcdermid | ReutersFormer New York City Mayor Rudy Giuliani is officially disbarred from practicing law in the nation’s capital over his efforts to overturn Donald Trump’s 2020 election loss based on false claims of widespread fraud, a court ruled Thursday.The decision by a three-judge panel on the District of Columbia Court of Appeals was just the latest blow for…