MIT Study Suggests that EV Charging Stations Boost Nearby Businesses

BBC
Obituary: Ratan Tata, the 'modest' Indian tycoon
The businessman led a conglomerate of more than 100 companies, employing some 660,000 people.
AFP
Chinese electric car companies cope with European tariffs
MG Motor, BYD and other Chinese electric car manufacturers say they will maintain their low sticker prices in Europe even after being hit with hefty tariffs this month.MG, the best-selling Chinese electric car brand in Europe, says it will guarantee its prices until the end of 2024, having stockpiled cars before the duties took effect.
Detroit Free Press
Experts: GM in position of strength with EVs compared with rival Ford
Jittery investors expected the worst when it went into the investor day with GM Tuesday. On Wednesday, they rewarded the company's stock. Here's why.
Simply Wall St.
3 Reliable Dividend Stocks With Yields Up To 6.5%
In a week marked by escalating tensions in the Middle East and surprising job gains in the U.S., global markets have experienced a mix of volatility and resilience, with large-cap stocks managing to secure gains despite geopolitical uncertainties. Amid these fluctuations, dividend stocks continue to attract investors seeking stability and income, offering a buffer against market turbulence through consistent payouts. In such an environment, reliable dividend stocks with attractive yields can...
South China Morning Post
China-Europe trade war 'unavoidable' on current trends, EU business leader says
An EU-China trade war is "unavoidable" on current trends, according to Europe's top business leader in the country, who said that Beijing's own policies mean it could not be considered the "victim". "A full-blown trade war looks more and more likely if nothing changes," said Jens Eskelund, the chairman of the European Union Chamber of Commerce in China, in an interview in Brussels on Wednesday. Jens Eskelund said it is "very important" to stress that China is not the "victim" in the dispute. Pho
Simply Wall St.
Three Top Dividend Stocks For Reliable Income
Amidst escalating Middle East tensions and unexpected job gains in the U.S., global markets have experienced a mix of volatility and resilience, with large-cap stocks managing to secure weekly gains despite geopolitical uncertainties. As investors navigate these turbulent times, dividend stocks stand out as a potential source of reliable income, offering stability through regular payouts even when market conditions are unpredictable.
Reuters
Shift to EV-only future would spell job losses, Toyota chairman warns
A shift to an electric vehicle-only future would lead to job losses among those who have been working on engine-related technologies, including at the many suppliers in the sector, Toyota Motor's chairman said on Thursday. "If electric vehicles simply become the only choice, including for our suppliers, those people's jobs would be lost," he said, adding he liked gasoline vehicles. Toyota, the world's biggest automaker by sales, has been more cautious in its approach to EVs than other makers.
Simply Wall St.
Top US Dividend Stocks To Consider In October 2024
As the U.S. stock market experiences a surge, with the S&P 500 and Nasdaq climbing on the back of large-cap tech gains and falling oil prices, investors are keenly observing how these dynamics impact broader economic conditions. In such an environment, dividend stocks can offer stability and consistent income, making them an attractive option for those looking to balance growth potential with reliable returns.
Benzinga
China Pledges $24B For Coal-to-Oil Infrastructure To Reduce Oil Imports
The largest Chinese coal producer, CHN Energy Investment Group, has announced a $24 billion investment in a coal-to-petroleum facility in Hami, Xinjiang. The project, scheduled to begin production in 2027, aims to convert excess coal into petroleum products. The plant should produce synthetic fuels like gasoline and diesel using cutting-edge liquefaction technology. According to Bloomberg's report, this would reduce China's reliance on imported oil and manage the surplus coal production. China p
Yahoo Finance Video
What you need to know about Medicare's 2025 changes
The Medicare Open Enrollment period is set to begin on October 15. However, changes are on the horizon for 2025, prompting beneficiaries to consider their long-term healthcare strategies. Yahoo Finance Reporter Kerry Hannon breaks down these upcoming modifications, highlighting three key areas: the introduction of an out-of-pocket drug cost cap, a new approach to budgeting Medicare drug costs, and adjustments to current Medicare Advantage plans. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
Reuters
Oil falls as swelling US supply counters Middle East and hurricane risks
NEW YORK (Reuters) -Oil prices fell on Wednesday after U.S. data showed rising crude inventories, but losses were limited by the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Milton in the U.S. Crude inventories jumped by 5.8 million barrels to 422.7 million barrels last week, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 2 million-barrel rise. The build was smaller than estimated on Tuesday by trade group American Petroleum Institute, which also limited declines in oil prices, said Bob Yawger, director of oil futures at Mizuho in New York.
South China Morning Post
Huawei's China smartphone sales in August beat Apple for first time in 46 months: report
Smartphone sales of Huawei Technologies on the mainland surpassed those of Apple in August - the first time in 46 months, according to a new report by research firm CINNO - as the US-sanctioned company continues to ride on the success of its 5G handset comeback last year. That aligned with findings from government think tank China Academy of Information and Communications Technology, which reported a 12.7 per cent year-on-year decline in foreign smartphone shipments, including Apple's iPhone, in
Offshore Technology
Occidental Petroleum reports lower realised prices for oil and gas production in Q3
The company’s average realised oil price is expected to be $75.33 per barrel (bbl), while global natural gas liquids prices are forecast at $20.47/bbl.
CoinDesk
Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In
Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn't get the memo.
Semafor
Abu Dhabi stakes claim on ‘capital of capital’ as world’s richest city
With $1.7 trillion in assets managed by sovereign wealth funds, the Emirati capital has overtaken Oslo.
Reuters
Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say
European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets for retaliation, following the EU's decision to slap tariffs on China EVs, but analysts say such a move is unlikely. Is it going to go after luxury goods? So far, moves by China in the ongoing tit-for-tat trade spat with the EU have targeted brandy, pork and dairy, all of which are major industries for France, which lobbied for tariffs on Chinese-made EVs imported into the EU.
Associated Press
Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex
Kamala Harris and Donald Trump agree on one thing: Tapping into sour consumer sentiment about high grocery prices is one way to court voters. Bacon prices have been a particular focus for Trump. “Things are not going, right now, very well for the consumer," Trump said during the interview.
Zacks
AI Boom Fuels Gas Demand: WMB, ENB, KMI Pipeline Stocks to Gain?
Midstream companies like WMB, ENB and KMI are aligning their infrastructure to capitalize on the growing natural gas demand from expanding data centers.
Reuters
Lower Airbus deliveries put focus on 'challenging' target
PARIS (Reuters) -Airbus deliveries fell 9% in September to 50 jets compared with the same month last year, the European planemaker said on Wednesday, rekindling a debate over the strength of its industrial goals as suppliers struggle to keep up with demand. The deliveries figure, which confirms a recent Reuters report, brings the total so far this year to 497 jetliners, up 2% from 488 at the nine-month stage a year earlier. Airbus is targeting 770 deliveries for the full year after reducing its goal from 800 jets in July, citing shortages of engines and other parts as the aerospace industry's supply chain struggles to recover from the pandemic.
Yahoo Finance Video
What's driving up grocery prices and how to save: Stew Leonard's CEO
After September’s Consumer Price Index (CPI) indicated that food prices rose more than expected, Brad Smith examines one area where consumers have likely felt price increases: the grocery store. Stew Leonard Jr., Stew Leonard's CEO and president, joins Wealth! to take a look at products in your shopping cart that have been hit by price increases, like eggs, and offers his tips on how to save at the grocery store. “Customers are putting one less item in their shopping cart right now. They feel the pinch. I feel it for you,” Leonard says, noting that it's increased costs driving up grocery prices rather than price gouging. He expects prices, which may be higher than some shoppers prefer, to hold, saying, “I think customers can look forward to some pretty steady seas out in front of them going through the holidays right now.” Eggs have seen a recent uptick in price, which Leonard explains is a result of an outbreak of avian influenza, or the bird flu, which has affected “hundreds of millions of birds across the country” and tightened supply. He notes, “All my life, I've been in this retail business with our family over 50 years. Egg prices have always fluctuated all the time… The price has bumped up $1 or $2 a dozen temporarily until they get through the bird flu, but after that, you can see them settle down again.” For shoppers looking to cut down their grocery spending, Leonard recommends watching for sales at your local store and opting for the store name rather than the name brand when you can. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

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