Author: Anthony M. Orbison

Snubbed by Tesla, Mexico’s new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market anyway. Tesla’s cheapest car, the Model 3, costs about $30,000. Tesla CEO Elon Musk said in July the company had “paused” plans for a plant in Mexico, citing Donald Trump’s remarks about possible auto tariffs. Sheinbaum said her government will try to bring together Mexican companies and researchers to produce a “compact, cheap electric car.” “The idea is to use Mexican companies and Mexican researchers’ ingenuity,…

MEXICO CITY (Reuters) – Mexican national oil company Pemex’s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, the company said in a statement late on Friday. The state-owned oil company added that it continues to investigate the cause of last Thursday’s hydrogen sulfide gas leak that killed two contract workers while injuring 35 others during work on a unit at the 312,500-barrel-per-day (bpd) refinery. On Friday, Pemex’s chief executive said that thirteen workers remained hospitalized after being exposed to the leak, while Mexico’s energy minister…

Este artículo también está disponible en español. Cardano (ADA) is currently trading near its yearly lows after months of underwhelming price action. Since early August, the price has struggled to hold above the crucial $0.36 level. This shift has left ADA in a precarious position, with investors and traders watching for signs of a potential recovery. Related Reading Data from IntoTheBlock highlights a significant drop in whale activity over the past month, raising concerns about further downside pressure. The decrease in large transactions suggests that major holders may be stepping back, adding to the likelihood of a deeper correction for…

The bull market has had a variable impact for stocks across a range of industries the last few years. While some companies have ridden the bull market waves, others have retreated or been beaten down by the market at large for one reason or another.Even if you have a more modest amount to invest, say $200, there are still quality businesses begging to be bought in the current environment. Sometimes, these stocks are discounted as fickle investor sentiment prevails, but they can still be superior long-term buys. Here are two such names to consider for your portfolio.1. PfizerPfizer (NYSE: PFE)…

Running a car company is hard, but it is even harder when there are 14 unique, storied and legendary brands under your belt.Multinational automaker Stellantis  (STLA) , the parent company behind American automotive household names like Dodge, Jeep, and Chrysler, has faced many issues surrounding its cars and a mountain of criticism from dealers and the United Auto Workers union.Don’t miss the move: Subscribe to TheStreet’s free daily newsletterA massive recall is currently affecting Jeep, one of its most storied brands, and the automaker is tacking on massive incentives and discounts to make a dent in massive inventories of cars, with some having a…

Bitcoin is currently trading at $62,255.65, up 2% in the past week. The BTC market fell prey to volatility ahead of this past weekend, but the asset has gained slightly since the start of the week. Analysts are predicting what price point could be the level that separates current prices from a boom. It’s suggested that $63,000 could be the next support level, which means higher highs incoming for the king coin.Bitcoin recently surged during the weekly open, creating two major long liquidation levels due to high leverage. These levels aligned perfectly with last week’s equilibrium (pwEQ). Bitcoin faced resistance…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wineries in the small eastern European country of Moldova are increasingly turning to renewable energy as part of the nation’s westward shift and efforts to curb its reliance on Russian gas.Cricova, founded in 1952 by a Soviet decree that bears the signature of Joseph Stalin, is one of the vineyards that reduced its energy costs by 25 per cent after building solar parks and improving its insulation.“All of the wine production process has been modernised . . . as we are adapting to today’s consumers and…

ROME (Reuters) – German trade union Verdi would oppose a cross-border merger for Commerzbank (ETR:) even if the bidder was not an Italian bank like UniCredit, an official said on Saturday. Berlin was taken aback by UniCredit’s swoop to build a large stake in state-backed Commerzbank, a move the Italian bank says could lead to a merger. Officials told Reuters on Friday that Germany is working to frustrate a possible takeover that could tie Berlin’s fortunes to those of heavily indebted Italy. “(Our opposition) is not due to the fact that (the bidder) is an Italian bank. It could be…

Shiba Inu (SHIB) has had ample success in its four-year history. The asset hit an all-time high in October 2021, just over a year after its launch in August 2020. SHIB’s price has risen by many million percent since its debut. It is currently the 14th largest crypto project by market cap, with a more than $10 billion valuation.Also Read: Top 3 Cryptocurrencies That May Rally Over 30% This WeekendWhile SHIB has struggled to gain momentum over the last few years, let’s discuss how high the asset’s price will go if the project’s market cap hits $100 billion.Shiba Inu’s Price…

Cortisol—it’s an often-vilified stress hormone that’s been implicated for its role in excess belly fat and risk for a number of chronic diseases.  It’s a hormone your body releases in order to help you fight back or flee the scene in the face of a threat. But when your life is so high-stress that you’ve got cortisol coursing through your veins at all times, it can lead to high blood sugar, high blood pressure, excess weight and diabetes—all of which raise your risk for a slew of long-term health conditions.  So it’s no wonder you might want a pill that…