The CEO of auto toe supplier Borgowerner told CNBC on Friday that the company expects about 50% of its revenue to be combined with electric vehicles in the next decade. Currently, the Michigan-based company’s sales are less than EV. Related to. “Our expectation is that 30% of vehicle batteries will …
Read More »Investors flee James Dolan’s decision to merge MSG owner into its cable network
Billionaire James Dolan is merging the company that owns Madison Square Garden Arena with a cable network that broadcasts New York Knicks games to local fans – and investors are preparing to exit. Madison Square Garden Entertainment – which owns Radio City Music Hall and the Tao restaurant and nightclub …
Read More »The governor of Arizona lifted the mask order, reopening the bar
PHOENIX (AP) – Gov. Doug Ducey on Thursday lifted Arizona’s remaining limits to prevent coronavirus, banned government mask orders and allowed bars and nightclubs to open their doors without closing for months. The Republican governor noted rising rates of vaccination and the introduction of vaccine appointments for all adults, as …
Read More »China attacks Xinjiang over foreign clothing, shoe brands
BEIJING (AP) – China’s ruling Communist Party is cracking down on H&M and other clothing and footwear brands as it seeks to avenge Western sanctions on Chinese officials accused of human rights abuses in the Xinjiang region. The attacks began when the party’s Youth League on Wednesday focused on H&M’s …
Read More »A jump in gas prices puts 3 gallons
U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
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