Thursday, January 16, 2025

Economy

Peloton is burning through cash and borrowing like crazy to stay afloat

The once-hot company reported a dismal quarterly financial report on Tuesday, with sales down 15% from a year ago. Peloton lost $757 million...

Exclusive: Tesla halted most production at its Shanghai plant on Tuesday – memo

Chinese-made Tesla Model 3 cars are seen during a delivery ceremony at the automaker's factory in Shanghai, China, January 7, 2020. REUTERS/Ali SongRegister now...

Fed’s Kashkari confident inflation can weaken, but not without pain

Neil KashkariAnjali Sundaram | CNBCMinneapolis Federal Reserve Chairman Neil Kashkari On Monday, he said he was confident that inflation would return to normal...

Getting Rid of China’s Habit: South Korea’s Search for Tungsten Treasure

South Korea's tungsten mine gets $100m renovationLaunching dozens of new metal projects around the worldDigital green booms are fueling demand for rare earthsChina occupies...

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