Money

Tesla halts production in Shanghai

Published

2 years ago

May 10, 2022

ticker NEWS

EV maker Tesla has stopped the production lines at its Shanghai factory

Tesla has halted production in Shanghai, China.

Like many other businesses, the EV maker is continuing to struggle to operate in the city which is right now in lockdown.

Reuters has reported that Tesla has decided to halt operations due to issues with securing parts for its electric vehicles.

That’s expected to be linked to the growing logistics issues in China.

Shanghai is in its sixth week of an intensifying COVID lockdown.

The restrictions have tested the ability of manufacturers to operate amid hard restrictions on the movement of people and materials.

It’s still unknown when the current supply issues can be resolved and when Tesla would be able to resume production.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending