Musk tweets plans to slow Tesla supercharger growth

Global News
Fears of trade war escalating as Honda unveils home of new EV supply chain plant
Honda has selected Port Colborne, Ont., as the future site of a lithium ion separator plant, the first of its kind in Canada and a key part of the country's multibillion-dollar electric vehicle supply chain. The news coincides with the U.S. slapping heavy tariffs on Chinese electric cars, batteries, and minerals used to make those batteries. Mike Drolet explains what's behind the White House's decision, what it likely mean for Canada, and the broader ripple effects of a trade war.
Business Insider
Elon Musk seems to have decided he needs his Supercharger team after all, weeks after axing the division
Musk is reported to be bringing back Tesla's charging director for North America, just two weeks after he said he was dissolving the entire team.
Global News
$1.6B lithium-ion battery plant to be built in Ontario
A Japanese company, Asahi Kasei, has announced it will build an approximately $1.6-billion plant in Ontario's Niagara Region that will make a key electric vehicle battery component as part of Honda's supply chain in the province. "We are the leaders in that transformation and that's going to pay dividends for a generation," Canada's Innovation Minister François-Philippe Champagne said on Tuesday.
GOBankingRates
I’m a Baby Boomer Who Had To Un-Retire: 3 Money Lessons I Wish I’d Known
The youngest baby boomers turn 60 years old in 2024, meaning they are only a couple years away from qualifying for Social Security retirement benefits. Their oldest boomer compatriots, born in 1946,...
Reuters
Chinese firms make headway in producing high bandwidth memory for AI chipsets
SINGAPORE/BEIJING (Reuters) -Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets, according to sources and documents. The progress in HBM - even if only in older versions of HBM - represents a major step forward in China's efforts to reduce its reliance on foreign suppliers amid tensions with Washington that have led to restrictions on U.S. exports of advanced chipsets to Chinese firms. CXMT, China's top manufacturer of DRAM chips, has developed sample HBM chips in partnership with chip packaging and testing company Tongfu Microelectronics, according to three people briefed on the matter.
Global News
Ontario nets new electric vehicle investment, this time in Niagara Region
The federal and Ontario governments announced Tuesday that Canada’s first lithium-ion separator plant will be built in Port Colborne, Ont. The facility is part of broader electric vehicle supply chain projects being built in the region. Global News' Queen's Park Bureau Chief Colin D'Mello reports.
Reuters
TSMC says can make next generation chips without ASML's new machine
Taiwanese chipmaker TSMC does not necessarily need to use ASML's next generation "High NA EUV" machines for an upcoming generation of chip manufacturing technology called A16, which is under development for the second half of 2026, an executive said on Tuesday. The High NA lithography tools are expected to help shrink chip designs by up to two-thirds, but chipmakers must weigh that benefit against a higher cost and whether ASML's older tech may be more reliable and good enough. Speaking at a conference in Amsterdam, Kevin Zhang said that it is possible that the company's A16 plants could be designed to accommodate the technology, but that is not certain.
CNN Business
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
The Canadian Press
Morocco’s automotive industry shifts gears to prep for electric vehicle era
TANGIERS, Morocco (AP) — A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European dealerships. Business incentives and investing in infrastructure like the freight railway line have allowed Morocco to grow its automotive industry from virtually non-existent to Africa's largest in less than two d
Reuters
Teck Resources sees $3 billion in annual EBITDA if copper stays around current levels
(Reuters) -Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of $3 billion if copper prices hit $5 per pound, CEO Jonathan Price said on Tuesday. For Vancouver, Canada-based Teck, copper is the main driver of profitability after it sold its steel-making coal business to a consortium of buyers led by Swiss miner Glencore for $8.9 billion last year. Price, speaking at the Bank of America Metals, Mining and Steels conference in Miami, gave a range of predictions for Teck's annual EBITDA at different copper prices, the lowest being $2 billion if copper trades at $4 per pound.
Reuters
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
(Reuters) -Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract price-conscious consumers amid competition from rival Lyft. The initiatives were unveiled at the company's GO-GET annual event for new products and are meant to maintain growth at the ride-share and delivery giant after a strong 2023 that saw it reporting its first-ever annual profit. The San Francisco, California-based company said it will allow Uber Shuttle users to reserve up to five seats in advance on buses operating in high-traffic areas like airports, concerts, and sports events.
Bloomberg
OPEC+ Reopens the Fraught Debate Over Its Members’ Oil Production Capacity
(Bloomberg) -- OPEC+ is once again grappling with the thorny question of how much oil its members are actually capable of pumping, an issue that poses risks for the group’s efforts to stabilize world markets. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesMacron Puts French Banks in Play With Plan to Transform EuropeHow One of the World's
GOBankingRates
5 Simple, Effective Ways To Set Yourself Up for a Financially Secure Future
One of the easiest ways to set yourself up for a financially secure future is to contribute to your workplace retirement savings account -- but many women are not doing this. In fact, only 52% of...
Fortune
Stellantis boss slams Biden’s 100% tariff on Chinese EVs, just as he plans to start selling them: ‘Whether I like it or not they are grabbing share’
“History shows that the European consumer always arbitrates in favour of pricing," Carlos Tavares said.
Associated Press Finance
Walmart lays off hundreds of employees and requires others to relocate
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
The Canadian Press
Major agricultural firm sues California over farmworker unionization law
SAN DIEGO (AP) — One of California's most influential agricultural companies filed a lawsuit Monday against the state to stop a contentious law to help farmworkers unionize that Democratic Gov. Gavin Newsom reluctantly signed two years ago after pressure from the White House. The action by the Wonderful Co. comes as it battles the United Farm Workers over a newly formed UFW local of 640 workers at one of its businesses. The $6 billion company founded by Stewart and Lynda Resnick, who have donate
GOBankingRates
Middle-Class Retirement: 6 Tips To Save for Your Golden Years
Although the definition of "middle class" has evolved over the years, the one thing that has remained constant is that middle-income earnings are not keeping up with inflation. According to government...
Reuters
UPDATE 2-Converse to cut jobs as part of Nike's cost-savings plan
Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products and reducing management layers. The cost-saving plan has prompted a slew of job cuts over the past few months at the world's largest sportswear maker.
United Press International
Red Lobster closes dozens of restaurants amid bankruptcy reports
U.S.-based Red Lobster abruptly closed more than 50 of its seafood restaurants across the country on Monday, as the company is reported to be considering Chapter 11 bankruptcy protection.
Financial Post
Howard Levitt: It’s an employee’s world. Employers are just living in it
Employee protections are increasing, and the Ontario government is placing the burden on employers

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Musk tweets plans to slow Tesla supercharger growth

Latest Stories

Fears of trade war escalating as Honda unveils home of new EV supply chain plant

Elon Musk seems to have decided he needs his Supercharger team after all, weeks after axing the division

$1.6B lithium-ion battery plant to be built in Ontario

I’m a Baby Boomer Who Had To Un-Retire: 3 Money Lessons I Wish I’d Known

Chinese firms make headway in producing high bandwidth memory for AI chipsets

Ontario nets new electric vehicle investment, this time in Niagara Region

TSMC says can make next generation chips without ASML's new machine

McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore

Morocco’s automotive industry shifts gears to prep for electric vehicle era

Teck Resources sees $3 billion in annual EBITDA if copper stays around current levels

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

OPEC+ Reopens the Fraught Debate Over Its Members’ Oil Production Capacity

5 Simple, Effective Ways To Set Yourself Up for a Financially Secure Future

Stellantis boss slams Biden’s 100% tariff on Chinese EVs, just as he plans to start selling them: ‘Whether I like it or not they are grabbing share’

Walmart lays off hundreds of employees and requires others to relocate

Major agricultural firm sues California over farmworker unionization law

Middle-Class Retirement: 6 Tips To Save for Your Golden Years

UPDATE 2-Converse to cut jobs as part of Nike's cost-savings plan

Red Lobster closes dozens of restaurants amid bankruptcy reports

Howard Levitt: It’s an employee’s world. Employers are just living in it