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Monthly Archives: December 2022

Tesla’s stock is headed for its worst month, quarter, year on record

Win McNamee | Getty Images Tesla’s selloff intensified on Tuesday, with the stock dropping another 8%. Elon Musk’s electric car company is days away from closing out its worst month, quarter and year on record and has moved past Meta to become the worst-performing stock in 2022 among the most …

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3 signs the ‘pandemic economy’ ended in 2022—even though Covid is still around

By all technical definitions, the U.S. is still in a pandemic. As of September, the World Health Organization has only declared the end of the pandemic “in sight,” but not here yet — especially as Covid cases rise and threaten another harsh winter wave.  Some pandemic lifestyle changes like mask-wearing …

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IBM stock outperformed technology sector in 2022

IBM CEO Arvind Krishna speaks at an IBM facility in Poughkeepsie, New York, on Oct. 6, 2022. IBM announced $20 billion in investments during President Biden’s visit that will go toward research and development and the manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing in the Hudson Valley. …

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The year of ESG was worse in politics than stock market performance

Rawpixel | iStock | Getty Images You could be excused for thinking, after months of headlines about “woke capitalism” and big stock market declines, that socially-conscious investing was on the run, dogged by hostility from politicians who think that focusing on corporate governance and environmental impact means burning retirees’ money …

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Stop complaining about wealth inequality, life quality

Billionaire Charlie Munger thinks we should all be a lot happier. Munger, the longtime investment partner and friend of fellow billionaire Warren Buffett, says he doesn’t understand why people today aren’t more content with what they have, especially compared to harder times throughout history. “People are less happy about the …

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New sanctions start to bite in Russia as Moscow admits deficit impact

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022.  Sergey Guneev | Sputnik | Reuters The latest round of Western sanctions against Russia over its invasion of Ukraine are beginning to pinch the country’s …

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How to find the best used car for the money

Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to the ongoing chip shortage caused demand for used cars to skyrocket, pushing …

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Southwest, Tesla, Peloton and others

Check out the companies making headlines before the bell: China ADRs – Shares of China-based companies that trade in the U.S. rose in the premarket after the easing of Covid restrictions by the Chinese government. Among them: Alibaba (BABA) was higher by 1.5%, JD.com (JD) gained 2.2% and Pinduoduo (PDD) …

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Restaurant chains are investing in robots, bringing change for workers

A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automate salad making in at least two locations. And Starbucks wants its coffee-making equipment to lessen the workload for baristas. …

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Chinese provinces hit hard by Covid are seeing a strain on critical care, health officials say

People wait outside a fever clinic at Tongren Hospital in Shanghai on Dec. 23, 2022, amid a local outbreak of Covid-19 infections. Hector Retamal | Afp | Getty Images BEIJING — Some Chinese provinces’ intensive care beds and resources are nearing capacity as Covid-19 infections soar, national health authorities said …

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