Tesla’s Newest Factories Are ‘Money Furnaces’

Tesla’s Newest Factories Are ‘Money Furnaces’

Musk visiting the Tesla ‘Gigafactory’ outside of Berlin on September 3, 2020.Image: Maja Hitij (Getty Images) You’re here plants in Germany and Texas are burning money. Not literally of course, but these factories are losing “billions of dollars,” according to CEO Elon Musk in a recent interview. Elon Musk says that Tesla’s massive factories in … Read more

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

11 Times Elon ‘Dogefather’ Musk Said to NEVER Invest in Crypto

Tesla CEO Elon Musk, who last year proclaimed himself the “Dogefather,” wants you to know that he never told people to invest in cryptocurrency, sparking confusion among those familiar with his enthusiasm for the subject. Speaking on Tuesday at Bloomberg’s Qatar Economic Forumthe richest man in the world stepped away from his past bullishness on … Read more

RBC’s global energy conference: Top 3 takeaways and stock picks

RBC’s global energy conference: Top 3 takeaways and stock picks

A daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow RBC Capital Markets recently held a global energy conference in New York featuring more than 100 corporate presentations, panels, and keynote speakers. The RBC research team published a recap report Tuesday morning, ” We recognized three themes across our … Read more

Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Rogers stands to gain nearly half a million customers as part of deal to sell Freedom Mobile

Although Rogers plans to sell Freedom, the Competition Bureau has argued that separating the wireless carrier from Shaw’s cable network would reduce Freedom’s ability to compete.Spencer Colby/The Globe and Mail Rogers Communications Inc. RCI-BT stands to pick up 450,000 new cellphone clients as part of its agreement to sell wireless carrier Freedom Mobile to Quebecor … Read more

A 17-pack of dividend-growth stocks for investors who want to flip the script on inflation

A 17-pack of dividend-growth stocks for investors who want to flip the script on inflation

Fight inflation by investing in it. If you’re paying more for gasoline or diesel fuel, invest in energy stocks. Price hikes in retail stores mounting up? Put some money in companies that sell the things you buy. Let’s refine this idea a bit: Focus on dividend-paying stocks because their quarterly cash payouts will help you … Read more

Rogers strikes deal to sell Freedom Mobile to Quebecor for $2.85-billion

Rogers strikes deal to sell Freedom Mobile to Quebecor for .85-billion

Rogers Communications Inc. has struck a deal to sell wireless carrier Freedom Mobile to Quebecor Inc. for $2.85-billion in order to win regulatory approval of Rogers’ takeover of Shaw Communications Inc. The two parties have been in talks for weeks, after Rogers entertained several other bidders. Shaw’s Freedom Mobile is Canada’s fourth-largest wireless carrier, with … Read more

Elon Musk Faces $258 Billion Class Action Lawsuit Over Dogecoin

Elon Musk Faces 8 Billion Class Action Lawsuit Over Dogecoin

Photo: Gotham (Getty Images) Infamous internet clown and horrible SNL host Elon Musk and his two large companies, Tesla and SpaceX, are facing a ludicrously large $258 billion lawsuit over…uh…Dogecoin. As I’ve said before, 2022 is just a wild year of headlines. Bloomberg reported yesterday that Musk and his companies are being sued over claims … Read more

Wealthsimple cuts 13% of workforce as tech job woes deepen

Wealthsimple cuts 13% of workforce as tech job woes deepen

Online bank challenger Wealthsimple Technologies Inc. has laid off 13 per cent of its employees as market conditions rock the technology sector, prompting a flood of job cuts in recent weeks. During a company-wide meeting on Wednesday, Wealthsimple chief executive officer Michael Katchen announced that 159 employees, out of 1,262 who work for the company, … Read more

ARK’s Cathie Wood keeps focus on deflation as fund slump continues

ARK’s Cathie Wood keeps focus on deflation as fund slump continues

Slowing global economic growth will soon make deflation – rather than inflation – the greatest driver in financial markets, star stock picker Cathie Wood of Ark Invest said in a webinar Tuesday. Wood, whose ARK Innovation fund sky-rocketed in 2020 during the COVID-19 pandemic but has significantly lagged the market over the last 12 months, … Read more

‘A beautiful soul’: Loretta Anne Rogers, matriarch of Rogers family, dead at 83

‘A beautiful soul’: Loretta Anne Rogers, matriarch of Rogers family, dead at 83

Loretta Rogers in November 2014. Rogers died on Saturday at the age of 83.Chris Young/The Globe and Mail Rogers family matriarch Loretta Anne Rogers, the longest-standing director of the Toronto-based telecom and media conglomerate that she co-founded alongside her late husband Ted, died on Saturday at the age of 83. Martha Rogers, Loretta’s daughter, announced … Read more