By Dietrich Knauth NEW YORK (Reuters) – A losing bidder connected to conspiracy theorist Alex Jones challenged on Monday the Onion’s purchase of Jones’ Infowars website, saying the Onion won a rigged bankruptcy auction and offered half as much cash as its bid. First American United Companies, which is affiliated with Jones’ dietary supplements businesses, asked U.S. Bankruptcy Judge Christopher Lopez in Houston to disqualify the bid by the Onion, a parody news site, and name its own $3.5-million bid as the winner. Jones was forced to auction his assets, including Infowars, in bankruptcy, after courts ordered him to pay…
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Recent SEC filings revealed that Alternative Investment Advisors LLC, a hedge fund company, has invested in Microsoft (MSFT, Financial) for the first time with about $4.5 million. This addition aligns with a broader trend of institutional investors increasing their positions in Microsoft, as other notable funds such as British Columbia Investment Management Corp, New Harbor Financial Group LLC, and Nippon Life Global Investors Americas have all boosted their stakes in the company this quarter. Hedge funds own only 5.17%, and institutional investors own 71.13% of Microsoft shares, pointing out that they are stakeholders due to powerful cloud computing and enterprise…
There’s a TFSA wealth gap in Canada that demands some attention.While men continue to make higher wages than women and have more wealth overall, women are getting better results from tax-free savings accounts. They’re contributing more money and have more valuable TFSAs.TFSAs have racked up many wins in personal finance – they give low-income people a way to save for retirement that won’t interfere with eligibility for the Guaranteed Income Supplement, they offer people of all ages a flexible way to save and invest for various life goals and they give seniors a place to park money they must withdraw…
Windshield wipers are essential for maintaining visibility and ensuring safety while driving in adverse weather conditions. Over time, the rubber on the wiper blades degrades due to exposure to sunlight, temperature fluctuations, and environmental contaminants such as dirt and debris. This degradation can cause the wipers to become less effective, resulting in streaks, smudges, and reduced visibility. Regularly replacing your windshield wipers is crucial to ensure they perform optimally and provide clear visibility in rain, snow, and other challenging conditions. Why Windshield Wipers Need Regular Replacement Ignoring worn out wipers can compromise your safety and increase the risk of accidents.…
Regularly checking and replacing your car’s air filters is crucial for maintaining optimal engine performance and ensuring a smooth driving experience. Air filters play a vital role in preventing dust, dirt, and other contaminants from entering the engine, where they can cause wear and tear on internal components. Over time, air filters can become clogged with debris, restricting airflow and reducing engine efficiency. This can lead to poor fuel economy, reduced power, and increased emissions. By replacing air filters at recommended intervals, you can ensure that your engine receives the clean air it needs to operate efficiently. In this guide,…
Demand for battery-grade nickel is expected to surge, tripling by 2030, according to Benchmark Mineral Intelligence. This growth will largely be due to mid- and high-performance electric vehicles (EVs) in Western markets. A senior nickel analyst at Benchmark, Jorge Uzcategui, particularly noted that: “China will see growth too, but it won’t match the pace in ex-China regions.” Despite lithium iron phosphate (LFP) batteries dominating the Chinese market, nickel-based chemistries are set to hold a significant share globally. Their superior performance and limited LFP supply chains outside China support this trend. EV Sales Stall, Nickel Demand Slows Battery nickel demand has…
The Indian electric scooter and motorcycle market surpassed the milestone of 1 million units sold in October 2024, becoming the second-largest market globally after China to achieve this feat. This remarkable growth has been fueled by strong government incentives and the active participation of major original equipment manufacturers (OEMs). Over the past two years, the market surged from 176,996 units sold in 2021 to an impressive 904,262 units in 2023. Major players like TVS Motor have contributed significantly to this growth through the introduction of popular electric vehicle models. Government policies have played a crucial role in driving this expansion,…
In a recent transaction, Stefan Demmerle, Vice President of BorgWarner Inc. (NYSE:), sold 21,500 shares of common stock. The shares were sold at a weighted average price of $34.7943, with actual prices ranging from $34.7500 to $34.9600. This sale amounted to a total of $748,077. Following the transaction, Demmerle holds 227,512.69 shares directly. The transaction was executed on November 14, 2024, and reported on November 18, 2024. In other recent news, BorgWarner reported third-quarter revenue of $3,449 million, slightly below market expectations, yet the company’s earnings before interest and taxes (EBIT) reached $350 million, surpassing estimates. BorgWarner also announced several…
A second Trump administration will spell disaster for the boom-and-bust bike industry as importers and domestic manufacturers have to deal with more import tariffs, making it more difficult for the industry to help create viable alternatives to cars, advocates say.Currently, about 97 percent of bike parts come from overseas, mostly from Trump’s least-favored nation, China. During his first term, Trump proposed an additional 25-percent tariff on e-bikes and other bicycle parts from the People’s Republic — on top of an 11-percent tariff that was previously imposed on imported bikes — but it never took effect.But with Trump calling for more tariffs,…
Being prepared for unexpected situations on the road is essential for ensuring your safety and peace of mind. Whether you’re dealing with a flat tire, a dead battery, or adverse weather conditions, having the right tools in your car can make all the difference. Equipping your vehicle with essential emergency tools not only helps you handle minor issues yourself but also ensures you’re ready for more serious situations until professional help arrives. This guide will outline the key tools you should always keep in your car, including a spare tire kit, jumper cables, a first aid kit, a flashlight, basic…