Another Blow For Electric Vehicle Drive As Battery Startup Northvolt Lays Off 1,600 Workers

Economists and analysts weigh in. Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking out inflation. But his proposed economic agenda could potentially set the stage for mortgage rates to move higher, some economists and analysts say.

The fast-casual restaurant chain has edged out well-performing competitors like Sweetgreen, Chipotle, and Shake Shack in terms of stock growth in 2024. Cava Group, Inc. (NYSE: CAVA) appears poised to lead the fast-casual restaurant sector in 2024, with its stock up an impressive 255% year to date. Following a robust third-quarter earnings report and a premarket surge of 17%, Cava’s stock is on track to hit an all-time high as markets open today. 

The acronym of the new department—DOGE—also references the name of the cryptocurrency Dogecoin that Musk promotes. U. S. President-elect Donald Trump on Tuesday named Elon Musk to a role aimed at creating a more efficient government, handing even more influence to the world’s richest man who donated millions of dollars to helping Trump get elected.

The embattled discount airline is in rough financial shape, with shares falling 64% in premarket trading on Wednesday. Here’s the latest. Shares in Spirit Airlines (NYSE: SAVE) are trading down over 64% in premarket as of this writing. SAVE stock is currently hovering around $1.14 per share, having closed at $3.22 per share yesterday.

Mastodon, Bluesky, and Threads, all woven into one excellent app. And—best of all—it’s Elon Musk-free. As part of this newsletter’s farewell to Twitter, I was going to begin with a nostalgic look back at my earliest tweets from 2007, which—true to early stereotypes about the site—tended to involve me announcing that I was having breakfast or going to bed.

The bills for Xcel Energy natural gas customers are going up after the Colorado Public Utilities Commission approved an increase of $130.76 million in revenue. An average monthly residential bill will rise by $4.57 and the average monthly bill for small businesses will rise by $17.49. The higher rates took effect Nov.