Monthly Archives: August 2022

Polestar is launching an EV roadster in 2026 called the Polestar 6

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance roadster will go into production in 2026 based on the Polestar O₂ Concept the company revealed in March. Customers can now begin reserving build slots online. Polestar CEO…

Why Wall Street is warning that stocks are out of touch with real life economics.

Morgan Stanley and BlackRock analysts are sounding the alarm that equity valuations and market fundamentals aren’t in line with one another. This post first appeared in 10 Before the Opening Bell, a newsletter by Insider that brings you the inside scoop on what traders are talking about — delivered daily to your inbox. Sign up here….

Billionaire investor Stanley Druckenmiller sold Big Tech stocks in the last quarter after warning that there’ll be a recession in 2023

Billionaire investor Stanley Druckenmiller’s family office trimmed its Big Tech holdings last quarter, according to a recent 13F filing. Brendan McDermid/Reuters Stanley Druckenmiller dialed down on Big Tech holdings last quarter, according to a 13F filing Monday. Duquesne Family Office sold all of its Amazon shares and scaled back its stake in Microsoft, and bought…

Trump is privately pushing the theory the attack on an Ohio FBI office by a Trump supporter was a false flag, report says

Former President Donald Trump at CPAC on August 6, 2022 in Dallas, Texas. Brandon Bell/Getty Images Trump has quietly suggested that the attack on an FBI office was faked, Rolling Stone reported. Trump has said little publicly about Ricky Shiffer, who was killed attempting to breach the office.  Baseless claims that Shiffer’s attack was a…

Weekly travel insurance rates: August 16 | Premiums hover near $300

Summer officially ends on September 22, and travel insurance premiums are still in the peak-season range. If you’re planning one last getaway in the next month, your premiums could be on the high end, though you’ll probably pay slightly less than you would have in July. According to travel agency Squaremouth, the average travel insurance…

These 3 Canadian banks offer the most in-demand emerging mobile feature

This is a preview of Insider Intelligence’s 2021 Canada Mobile Banking Emerging Features Benchmark, available exclusively to subscribers. In addition to mobile banking coverage, Insider Intelligence publishes thousands of pieces of content, including research reports, charts, and forecasts on the financial services industry. You can learn more about becoming a client here. The Canadian banks…

European power prices hit a record for a 5th day straight as a perfect storm rocks the continent’s energy system

German power prices have soared in 2022. picture alliance / Getty European power prices surged to a record high for a fifth straight day as the energy crisis intensifies. German baseload year-ahead power prices topped 500 euros on Tuesday — up almost 500% from a year earlier. Russia has slashed the flow of natural gas…