Goldman Sachs analysts have predicted that Tesla's ongoing series of price cuts for its electric vehicles (EVs) will put further pressure on the company's margins in the coming year, according to a research note by Goldman's Mark Delaney. While the price reductions for Tesla's Model S and Model X cars will impact earnings this year, there will only be a partial offset from … [Read more...] about Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
Canadian Utilities partners with indigenous communities for solar power projects
Canadian Utilities, an energy-infrastructure company, has joined forces with indigenous communities in a groundbreaking deal. The Chiniki and Goodstoney First Nations will become majority owners of the Deerfoot and Barlow Solar power projects, with a 51% ownership stake. This partnership is expected to bring significant economic benefits to the communities involved. Canadian … [Read more...] about Canadian Utilities partners with indigenous communities for solar power projects
Cryptocurrency Market Update
Introduction In the volatile world of cryptocurrency trading, the morning session on Wednesday saw a mix of movements among the major cryptocurrencies. Notably, Solana (SOLUSD) experienced the biggest increase, rising by 1.34% to reach $18.12. On the other hand, Ripple (XRPUSD) led the declines, with a drop of 0.26% to 48 cents. Cryptocurrency Gainers While Ripple suffered a … [Read more...] about Cryptocurrency Market Update
U.S. Natural Gas Inventories Expected to Rise Amid High Demand for Electricity Generation
The U.S. Energy Information Administration is set to release its natural-gas storage data for the week on Thursday. Analysts predict that inventories will show a below-average increase, due to soaring temperatures in Texas and other parts of the Southern Plains. The extreme heat has led to a surge in demand for gas-fired electricity generation to power air-conditioning … [Read more...] about U.S. Natural Gas Inventories Expected to Rise Amid High Demand for Electricity Generation
Slowing Consumer Spending Raises Concerns
Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
