The Terms Electric heavy truck maker Nikola (NKLA) is taking steps aimed at boosting access to the batteries needed to make its products, while also potentially saving money long term. The company just announced it will acquire California-based battery pack manufacturer Romeo Power (RMO). The $144 million deal will also [...]
Rising Prices Everywhere The Consumer Price Index rose 9.1% on an annualized basis in June. The main categories driving headline inflation are necessities like gas, shelter, and food. Many Americans are scrambling to stretch their income so these non-discretionary budget line items can be covered. Given that groceries cost about [...]
While preparing the kids to go back to school, the end of summer is also the perfect time to think of your own learning goals. Even if your own school days are long gone, becoming a life-long learner can help you grow and excel in many areas of your present [...]
Eyeing an IPO Despite a somewhat frozen market for initial public offerings, Instacart is eying an IPO before the end of 2022. Given the overall sour economic sentiment, many investment banks are advising private companies, especially unprofitable ones, to sit on the sidelines until conditions improve. In May, Instacart confidentially [...]
Economic Data Today, the US manufacturing sector will be in focus with two key data points set for release. First up will be S&P Global’s final print of July manufacturing PMI. The initial flash reading showed the first contraction in business activity in two years. The July ISM manufacturing index [...]
Wandering Wonder In the suburbs of northern New Jersey, outside New York City, a new startup is making meals for hungry families. Rather than operate out of a restaurant or old school food truck, Wonder operates as a sort of hybrid. Its meals are partially cooked in a central kitchen [...]
Federal Funding Solar stocks performed well on Thursday after members of Congress announced they’d struck a spending deal that includes $369 billion for clean energy projects. If it passes, the legislation will be the largest climate spending package in the nation’s history. Executives within the clean energy industry say the [...]
Pay Up to Party Weddings are expensive events. Of course that is true for the couple getting hitched, but it’s also true for the men and women who are asked to join the wedding party. Between bachelor outings, renting a tux, and the associated travel, groomsmen and bridesmaids are opening [...]
Hawkish Fed In response to rampant inflation that’s running up at its highest level in over 40 years, the Federal Reserve is tightening its monetary policy.The central bank has enacted a series of rate hikes in a bid to effectively raise the cost of borrowing money. The Fed announced another [...]
Hot Hike Summer It’s hard to believe we’re only four hikes and just over four months into this hiking cycle. The Federal Open Market Committee raised its target policy rate by another 75 basis points to an upper bound of 2.50%. It was a widely anticipated move. As usual, the [...]
