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Business Insider
Russian arms manufacturers are 'scrambling to expand their production capabilities using whatever they can get,' expert says
Russia is expanding its weapons production by buying secondhand equipment through China in order to evade Western sanctions, a new report states.
Reuters
Trans Mountain revises heavy crude standards on pipeline after quality concerns
Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised concerns about the crude oil arriving on the line, a regulatory filing showed. The U.S. West Coast refining market is expected to be a major outlet for the Canadian heavy oil shipped via the Trans Mountain pipeline expansion, called TMX. Trans Mountain last week said it would replace the existing pool of "Low TAN (Total acid number) Dilbit" with a pool of "Pacific Cold Lake," or bitumen diluted with crude having a density of less than 800 kilograms per cubic meter.
The Canadian Press
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
GOBankingRates
Retirees Reveal the Smartest Money Moves They Made in Their Early Years
Retiring comfortably takes proper retirement planning, so the earlier you start the better. The amount you'll need largely depends on where you live. According to a recent GOBankingRates study...
GOBankingRates
Gen X and Boomers: 3 Key Signs You Won’t Be Able To Afford To Retire Before Age 70
According to a recent survey from CivicScience, 25% of people do not expect to retire before 70. For Gen Xers and baby boomers, retirement is likely just around the corner. This means they have only a...
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
CNN
Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains
BNSF Railway must pay nearly $400 million to the Swinomish Tribe for repeatedly running 100-car trains carrying crude oil across the tribe’s reservation.
South China Morning Post
The US wants to decouple its military supplies from China - but can it?
China's central role in the global supply chain has prompted the United States to initiate a series of measures to de-risk its relationship with the world's second largest economy as relations worsen. For the US defence industry, it seems inevitable that Washington will want to go further and seek to cut out China completely. China now plays a central role in the global economy as a leading producer of everything from the raw materials used to make basic equipment and rare earth metals to the hi-tech equipment that is vital to the production of some of America's most advanced weapons.
Business Insider
Elon Musk announces Tesla stock option grants for 'exceptional performance' — read his email to workers
Tesla is implementing a system to reward "exceptional performance," according to an email viewed by Business Insider.
Reuters
Beijing urges Britain to stop sanctioning Chinese firms over Russian links
China's commerce ministry said on Wednesday that it had urged Britain to stop sanctioning Chinese firms after the country sanctioned five Chinese companies over their links to Russia. Britain last week imposed its first sanctions targeting vessels in Russian President Vladimir Putin's "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian oil.
Fortune
Qualtrics’ ‘chief workplace psychologist’ on how to address employee burnout
Business leaders have lost the trust of staffers, and they haven’t created meaningful mental health programs.
The Canadian Press
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles.
Reuters
Chinese automakers seek retaliatory tariffs on EU cars, state media reports
SHANGHAI/BEIJING/BERLIN (Reuters) -Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels' curbs on exports of Chinese-made EVs, the state-backed Global Times newspaper said on Wednesday. In a closed-door meeting on Tuesday also attended by European car companies, China's auto industry "called on the government to adopt firm countermeasures (and) suggested that positive consideration be given to raising the provisional tariff on gasoline cars with large-displacement engines," according to the report. The meeting, organised by China's Ministry of Commerce, was held in Beijing and attended by SAIC, BYD , BMW, Volkswagen and its Porsche division, two people with direct knowledge of the matter said.
Reuters
WestJet's mechanic union gives carrier 72-hour strike notice
The strike, set to begin by 9 p.m. ET on Thursday, covers about 681 aircraft maintenance engineers and other skilled employees, the union said. No further work would be conducted by bargaining unit employees in the event of a strike, it said. According to WestJet, the 72-hour notice does not mean that a travel disruption would occur.
Global News
Business Matters: Nvidia overtakes Microsoft as most valuable company
AI chip giant Nvidia has become Wall Street's most valuable company, overtaking Microsoft. Amandalina Letterio has the details and more in Business Matters for June 19, 2024.
South China Morning Post
China's 618 shopping festival ends with Alibaba, JD.com declaring victory amid 'waning' interest
Alibaba Group Holding and JD.com touted impressive growth trends but declined to reveal total gross merchandise value (GMV) figures for their midyear 618 shopping festival events, as China's major e-commerce players remain locked in a heated battle to get consumers to open their wallets amid the country's economic slowdown. Both e-commerce giants declared victory as they fend off competition from rivals Pinduoduo, operated by Temu owner PDD Holdings, and Douyin, the Chinese equivalent of TikTok
Fortune
The common mistake that could cost you your retirement: Here’s how to make sure you’re really contributing to a 401(k)
New research finds nearly 60% of workers who are not contributing to their 401(k) think they are.
Reuters
Detroit Three automakers should exit China, leading analyst says
Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst said on Tuesday. “I think you have to see the [Detroit Three] exit China as soon as they possibly can,” said John Murphy, Bank of America Securities analyst, at his annual presentation of “Car Wars,” a closely watched industry report. Murphy's guidance for the Big Three came during a discussion of the harsh cost-cutting measures they would have to take to be competitive with EV manufacturers like Tesla, as well as carmakers abroad.
South China Morning Post
Chinese EV makers, suppliers risk dent to global stature in price war, Bosch exec warns
German automotive supplier Bosch has issued a stern warning to Chinese electric vehicle (EV) makers that an escalating price war would not only hurt their profitability but also dent their stature as global industry leaders. David Xu Daquan, president of Bosch China, told reporters at a media briefing on Tuesday that he had made a proposal to Chinese President Xi Jinping to create a fair and orderly market-based mechanism to avoid cutthroat competition among the country's carmakers and supply-ch
GOBankingRates
Rachel Cruze: 5 Solutions to the Main Reasons It’s Hard To Retire
Saving for retirement is challenging. In a recent survey of almost 500 Americans, 53% said they felt behind in their retirement planning, and only 54% reported having a retirement account. Find Out:...

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Accolade To Present at William Blair Growth Stock Conference

Latest Stories

Russian arms manufacturers are 'scrambling to expand their production capabilities using whatever they can get,' expert says

Trans Mountain revises heavy crude standards on pipeline after quality concerns

Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

Retirees Reveal the Smartest Money Moves They Made in Their Early Years

Gen X and Boomers: 3 Key Signs You Won’t Be Able To Afford To Retire Before Age 70

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains

The US wants to decouple its military supplies from China - but can it?

Elon Musk announces Tesla stock option grants for 'exceptional performance' — read his email to workers

Beijing urges Britain to stop sanctioning Chinese firms over Russian links

Qualtrics’ ‘chief workplace psychologist’ on how to address employee burnout

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

Chinese automakers seek retaliatory tariffs on EU cars, state media reports

WestJet's mechanic union gives carrier 72-hour strike notice

Business Matters: Nvidia overtakes Microsoft as most valuable company

China's 618 shopping festival ends with Alibaba, JD.com declaring victory amid 'waning' interest

The common mistake that could cost you your retirement: Here’s how to make sure you’re really contributing to a 401(k)

Detroit Three automakers should exit China, leading analyst says

Chinese EV makers, suppliers risk dent to global stature in price war, Bosch exec warns

Rachel Cruze: 5 Solutions to the Main Reasons It’s Hard To Retire