ElectReon has tested the wireless charging of a 40-ton long-haul electric truck in Sweden. This marks the first truck operations on a public wireless electric road. ...
The promise that electric vehicles (EVs) hold in the automobile market hinges on two major factors – that they will decrease tailpipe emissions and they will be more economical to operate than internal combustion engine (ICE) vehicles. But as oil prices continue to stay close to a several-decade record low, the cost of operating an ICE vehicle has not been this inexpensive in recent years, making them look a lot more attractive to prospective buyers. With analysts lowering their outlook for global oil demand in the second quarter of 2020 due to the COVID-19 epidemic, it is certain that the operating cost of ICE vehicles will be comparable to that of EVs. The memo looks to have reached major U.S. auto companies, with detailed production plans for North America showing Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) forecasting to produce more than five million SUVs and pickup trucks in...
(Bloomberg) -- Dividends from corporate America are poised to tumble this year, but there are pockets of promise for investors looking for safe income, according to strategists at Goldman Sachs Group Inc.While payouts among S&P 500 companies could drop 25% this year, paced by energy and consumer-related companies, banks like Wells Fargo & Co. and drugmakers including Merck & Co. are likely to buck the trend, strategists including Cole Hunter and David Kostin said. The team laid out 40 picks for “income-oriented” investors, with many of them having made payouts for more than two decades without ever lowering distributions.These stocks “have high dividend yields, ample cash, healthy balance sheets, and reasonable payout ratios,” the strategists wrote in a note to clients. “We believe investors are overly pessimistic with respect to the magnitude of the near-term dividend decline and the subsequent pace of recovery.”Companies with high dividends have drawn investors in recent...
Billionaire investor Bill Ackman called on President Trump to unleash the biggest infrastructure program in hopes to bolster the U.S. economy amid the coronavirus pandemic. Yahoo Finance’s Julia La Roche joins the On The Move panel to share the details....
(Bloomberg) -- Southwest Airlines Co. is “living day to day,” its chief executive officer said, urging employees to keep cutting expenses wherever possible as the new coronavirus continues to erode travel.Southwest is evaluating the complex $50 billion federal program that will provide loans and cash payments to help carriers meet payroll and other employee costs. It’s premature to know “how we might fit into this” until the Treasury Department provides details, Chief Executive Officer Gary Kelly told workers Monday in his weekly recorded message.Airlines already have slashed flights, offered leaves and cut costs in other ways in response to a dramatic collapse in demand for travel. The government’s rescue program could require equity or other securities in exchange for assistance. Additional restrictions would apply, as well, such as limitations on reducing payrolls and executive pay. The aid “isn’t a bailout,” Kelly said.“It doesn’t eliminate our need to dramatically cut our costs,”...
Retail giant Macy's is set to furlough the majority of its employees this week while its stores remain closed due to the coronavirus. Yahoo Finance's Adam Shaprio shares the details....
