The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense. The ratio was 4.9% in the June quarter for a sample of 2,695 companies excluding banks, finance companies, and oil and … Read more
Image: Graphic: Erik G via Wikimeida Commons / Photo: Daniel Ramirez via Wikimedia Commons The existence of the “Cars” movies opens up all sorts of questions about the world these characters live in. Is there a Cars God? What did Cars evolve from? How are Cars born? The question on the forefront of my mind, … Read more
Photo: Justin Sullivan (Getty Images) Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would permit the Reserve to start lowering the interest rates it sets for overnight lending between banks. That change can effect everything from mortgages to credit … Read more
Good morning! It’s Friday, August 23, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Tesla’s Cybertruck Has Finally Arrived 1st Gear: Tesla Is Losing Its Sales And Technology Lead Tesla is having … Read more
The world’s largest coffee shop chain Starbucks recently announced that it poached Chipotle’s current CEO Brian Niccol, and that he will be super commuting from Newport Beach, California to Seattle, Washington every week to meet Starbucks’ hybrid work policy. The distance between John Wayne Airport in Santa Ana, California and Seattle International Airport is over … Read more
Ford has once again announced a change in its electric vehicle strategy after canceling its plans for a three-row EV in favor of much smaller, more affordable models that might actually be able to make money. Ford Is Gearing Up To Make A Lot More F-150 Lightnings Ford canned its plans for a three-row EV … Read more
Bank of Queensland has confirmed mass redundancies, announcing the departure of 400 staff as it concedes its long-serving retail banking operation is “no longer sustainable”. The Brisbane-headquartered company will take control of its 114 owner-managed branches — a decision prompted by customers’ shift towards digital banking in a “simplification of our operating model and management … Read more
The staggering number of savings needed to retire has been revealed, with the cost of retirement rising by almost 4 per cent over the past year. These pressures have resulted in further financial strain on retirees, the Association of Superannuation Funds of Australia (ASFA) said. Retirees are having to compensate with rising costs for essential … Read more
Used car prices are steadily dropping, mostly due to oversupply, and while electric and luxury vehicles are being hit the hardest, other segments don’t always see a big savings gap between new and used. Is The Subaru WRX The Most Fun Daily Driver For Under $30,000? For years, I’ve been fighting the myth that used … Read more
It’s no secret that Jalopnik isn’t exactly Elon Musk’s biggest fan. Sure, he’s responsible for the most important car of the 21st century, and SpaceX does some neat stuff when it’s not ruining the environment, but he’s also a bigoted piece of shit. Then again, our staff is a bunch of radical leftists who believe … Read more
