Business

Elon Musk’s Tesla dominates the electric vehicle space in the US, but that dominance could weaken in the coming years. According to new research from S&P Global Mobility, more automakers will enter the market with lower-cost alternatives — particularly sub-$50,000 models “where Tesla isn’t really competing yet,” the company wrote this week. “Tesla’s position is changing as new, more affordable…

Entering a crowded space is never easy. But Davis Smith, founder and CEO of outdoor clothing and accessories retailer Cotopaxi, believes he’s found a differentiated approach to a competitive market. “One of the things I talked about [early on] was that we’re not going to win by creating another brand that competes for the top of the mountain — the…

Total U.S. student loan debt fell to $1.57 trillion in the third quarter of 2022 from $1.59 trillion in the second quarter. That’s the biggest drop in at least 20 years, according to data from the New York Federal Reserve’s Household Debt and Credit Report. It’s a small drop, but still “very significant,” says Jacob Channel, senior economist at LendingTree.…

Here’s the party line in case you missed it: Working from home is best when you need focused, deep thinking and focused work. The Office is best for collaborating, brainstorming, and bonding with your team. But what happens when you’re in the office and inevitably have yet to take a Zoom call? The answer, which annoyed many on-site workers, is…

After beating the Detroit Lions on Thanksgiving this week, the Buffalo Bills are hoping for another win on Thursday as they chase the top spot in the AFC East. Standing in their way are the New England Patriots, who currently occupy the basement of this division but with a 6-5 record are hardly a team to ignore. As we near…

The US economy would suffer a severe economic shock if senators don’t pass legislation this week to avert a railroad workers’ strike. That’s the message the Biden administration is delivering in person to Democratic senators in a closed session Thursday. The House of Representatives acted soon after a motion from President Joe Biden, passing legislation on Wednesday that would bind…

In 2021, an unprecedented 47.8 million people quit their jobs in the United States. The Great Resignation has prompted organizations across the country to redouble their efforts to attract and retain talent and build workforce-centric work experiences. More and more CEOs understand that they can’t let talent issues run free. They must be intentionally and visibly at the forefront of…

Seniors are feeling the effects of inflation. Those over 55 have had to limit their health visits and meals – some restricted the heat in their homes – to save money this year, according to a new report. The report, released last month by Paying For Senior Care, which provides financial information for the aging population, examined how inflation is…

The disgraced founder of crypto exchange FTX, which went bust after looting client funds, says he’s not particularly focused on criminal risks he may be facing at the moment. His remarks came during a widely publicized interview at a New York Times DealBook conference. “There will be a time and a place to reflect on myself and my own future.…

Michael Burry rose to fame after predicting the 2008 US housing crash and managing to rake in $100 million in personal winnings and another $700 million for his investors on a few lucrative mismatched bets. Now the head of Scion Asset Management is warning that economic forecasts for a “soft landing” — or even a “mild recession” — are overly…