Monthly Archives: September 2022

Magna enters the micromobility and battery swapping market

Magna International, a Canadian mobility technology company that builds sensor-based systems for cars like driver monitoring systems and advanced driver assistance systems (ADAS), is entering the micromobility market. The company invested $77 million in Yulu, an Indian shared micromobility operator, and plans to jointly launch a battery swapping service company. Magna’s investment is part of…

Feds charge woman who threatened to kill the judge in Mar-a-Lago records case, alleging she claimed to be ‘Trump’s hitman’

Former President Donald Trump Spencer Platt/Getty Images A Texas woman was charged for threatening US Judge Aileen Cannon. Cannon, a Trump-nominated federal judge, is presiding over the Mar-a-Lago classified document case. Cannon recently granted Trump’s request for there to be an independent review of the records the FBI seized. The Justice Department pressed charges against…

Getting sick from Covid knocked 500,000 workers out of the labor force, a new study says. It shows why labor shortages are still going strong.

A grocer wearing a protective mask as a precaution against the spread of the coronavirus stocks papers at the Reading Terminal Market in Philadelphia, Wednesday, Feb. 16, 2022. AP Photo/Matt Rourke A new paper finds that Covid-related illnesses made the labor force shrink by 500,000 people. Many older workers who were out with with Covid…

What is leverage? How investors can use debt to increase the returns on investments

While leveraged investing can be a useful technique to make money off the market, it exposes investors to higher risk. Alyssa Powell/Insider Leverage is when you use borrowed funds to increase the potential return of an investment.Leverage is used by professional traders, individuals who are making big-ticket purchases, entrepreneurs, and investors.While leverage can help compound…

Sailing with a stranger: I used the app Boatsetter to rent a captained boat in Brooklyn for two hours — here’s what it was like

Insider / Hannah Towey The peer-to-peer boat rental app Boatsetter raised $38 million in funding this summer. I used the app to book a $350 two-hour sailing lesson in Sheepshead Bay, Brooklyn.  It was a great way to escape the city heat and get out on the water — here’s what it was like.  Alexander…

Parents who took on student debt for their kids should receive more benefits from Biden’s debt cancellation plans, 8 Democratic senators say

Sen. Chris Van Hollen (D-Md) gives an opening statement during a Senate Appropriations Subcommittee hearing to examine the FY 2022 budget request for the Department of the Treasury on Capitol Hill June 23, 2021 in Washington, DC. Greg Nash -Pool/Getty Images Parents who took on PLUS student loans for their kids are eligible for up…

Aluminum cans account for one-third of all recycled materials — and are now the most valuable commodity in the national recycling system

Kazi Awal/Insider According to The Recycling Partnership, aluminum cans generate more than $2 billion a year. UniversalImagesGroup/Getty Images Cans are one-third of the value of recycled material, but collection is declining. Bottle bills effectively boost recycling rates, but there are disagreements over implementation. Paper, cardboard, and some plastics are in demand for reuse; glass and…