Tesla is burning through billions, and it’s revealing an ugly reality about the company’s financial situation

Tesla is burning through billions, and it’s revealing an ugly reality about the company’s financial situation

Tesla CEO Elon Musk.Ringo H.W. Chiu / AP Photo Bloomberg reports that Tesla is burning through $6,500 a minute. That’s alarmingly impressive for a relatively small, young carmaker that’s preparing to announce first-quarter earnings that are expected to be staggeringly negative.  For the record, all car companies blow though huge piles of cash. It’s the […]

Toronto restaurant fined $10000 after asking black customers to prepay for food

Toronto restaurant fined $10000 after asking black customers to prepay for food

Hong Shing, a Chinese restaurant in Toronto, has been fined $10,000 for violating a human rights code after asking black patrons to prepay for their food.  (Google Street View) A restaurant in Canada was ordered to pay $10,000 for violating the human rights code after requiring a group of black patrons to pay for their […]

Goldman’s Solomon Says Greed Is Trumping Fear in the Bull Market

Goldman’s Solomon Says Greed Is Trumping Fear in the Bull Market

Investors lulled by the long bull market are being motivated more by a search for yield than concern a correction is coming, according to Goldman Sachs Group Inc. President David Solomon. “We’re down the road in the cycle, so there’s certainly places where people are further along the greed spectrum than the fear spectrum,” Solomon […]

Marathon to become top US refiner with $23 billion Andeavor buy

(Reuters) – Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing U.S. fuel export markets. The United States has become the world’s top fuel exporter, shipping more […]

Passenger on fatal Southwest flight sues over ’emotional distress’

Passenger on fatal Southwest flight sues over ’emotional distress’

CNN — A passenger aboard Southwest Airlines Flight 1380 has filed a lawsuit against the company calling for compensatory and punitive damages following the fatal engine failure earlier this month. Lilia Chavez, a passenger from California, was seated three rows behind Jennifer Riordan, the woman who died as a result of the incident that led to an emergency […]

Americans have enjoyed cheap gas for years. That will change this summer.

Americans have enjoyed cheap gas for years. That will change this summer.

Rising oil prices will translate into higher U.S. gas prices this summer driving season, private analysts and the U.S. Energy Information Administration (EIA) project. Average gas prices are currently $2.81 per gallon, up from $2.39 a year ago, with people on the West Coast paying more and those on the East Coast a little less, […]