Hertz to buy 65,000 electric cars from Polestar

Polestar CEO Thomas Ingenlath previously told Automotive News Europe that stretch goal for 2022 was to sell 65,000 cars. Polestar sold 29,000 cars in 2021, which represented a 185% increase from 2020, according to sales figures the company released in January. Hertz plans to order the compact Polestar 2, one of the EV company’s two … Read more

CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says … Read more

Tech companies cautiously bring people back while employees hesitate

Atsuko Bolinguit, with tech startup company Fast, works in the office at her desk on March 24, 2021 in San Francisco, California. Justin Sullivan | Getty Images Starting Monday, Google is bringing most employees back to assigned physical offices three days a week. The company has said since the beginning of the pandemic that it … Read more

Facebook Makes a Big Controversial Change

Facebook has made a lot of changes since the Covid-19 pandemic. The most important of these is undoubtedly the change in the name of the company. Since October, Facebook is now called Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report. The decision is aimed at two things: trying to put behind the … Read more

Tesla TSLA Q1 2022 Vehicle Production and Delivery Numbers

Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla just reported first-quarter vehicle production and delivery numbers for 2022. Here’s how they did. Electric vehicle deliveries (total): 310,048 Electric vehicle production (total): 305,407 Over the same period last … Read more

Amazon workers just voted to join a union — here’s what happens next

A demonstrator during the vote count to unionize Amazon workers outside the National Labor Relations Board offices in New York, US, on Friday, April 1, 2022. Jeena Moon | Bloomberg | Getty Images Amazon workers on New York’s Staten Island just made history, becoming the first group to vote in favor of unionizing at a … Read more

New vehicles must average 40 mpg by 2026, up from 28 mpg

DETROIT (AP) — New vehicles sold in the US will have on average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump. The National Highway Traffic Safety Administration said its new fuel … Read more

Amazon CEO Andy Jassy’s total compensation topped $212 million last year

Nearly all of Jassy’s compensation comes in the form of stock options that will vest over 10 years, according to the filing. Jassy’s 2021 compensation marks a sixfold increase to his pay in 2020, when he was head of Amazon’s profit-generating cloud-computing arm AWS. Jassy became Amazon CEO last summer, replacing Jeff Bezos, who continues … Read more

Amazon workers in NYC vote to unionize in historic labor win

NEW YORK (AP) — Amazon workers in Staten Island, New York, voted to unionize on Friday, marking the first successful US organizing effort in the retail giant’s history and handing an unexpected win to a nascent group that fueled the union drive. Warehouse workers cast 2,654 votes — or about 55% — in favor of … Read more

GameStop seeks to split stock for the first time since 2007, shares jump nearly 17% in after-hours trading

Shares of GameStop Corp. jumped nearly 17% in after-hours trading Thursday, after the company announced that executives are looking to conduct a stock split for the first time in 15 years. The videogame retailer announced that it planned to ask shareholders for authorization to increase its share count to 1 billion from 300 million so … Read more