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piling

Tesla Cybertrucks are piling up in a disused parking lot in Michigan as the company deals with a stockpile of unsold vehicles

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Tesla is under scrutiny for storing Cybertrucks in a disused parking lot of a Detroit shopping center, which officials say violates local zoning rules. Tesla has been dealing with disappointing sales and multiple recalls of the Cybertruck, reportedly leaving the EV-maker with a stockpile of excess inventory. Tesla has also cut back production of the … Read more

Investors are piling into big, short Treasury bets with Warren Buffett

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Investors always pay close attention to bonds, and what the latest movement in prices and yields is saying about the economy. Right now, the action is telling investors to stick to the shorter-end of the fixed-income market with their maturities. “There’s lots of concern and volatility, but on the short and middle end, we’re seeing … Read more

Dozens of unsold Tesla Cybertrucks are piling up at Detroit parking lot

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Tesla’s Cybertruck sales dropped significantly in recent quarters, leading to a rapid buildup of unsold inventory. And it looks like the company is resorting to unconventional storage sites for the excess vehicles. One such location, per Crains Detroit Business, is a Detroit shopping center that is now in violation of city code for storing dozens … Read more

BlackRock is piling money into the U.K. as Larry Fink claims the country has discovered its ‘capitulation point’

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Larry Fink, the CEO of the $11.6 trillion investing titan BlackRock, is used to making contrarian bets. The entire U.K. economy, much maligned in the past year, could be his latest one.  Fink says BlackRock is investing in U.K. assets “across the board” after being reassured by the Labour government’s “pro-growth” agenda, adding that the … Read more

Foreign U.S. university students stripped of legal status are piling up court wins: ‘I was in literal shock, like, what the hell is this?’

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Anjan Roy was studying with friends at Missouri State University when he got an email that turned his world upside down. His legal status as an international student had been terminated, and he was suddenly at risk for deportation. “I was in literal shock, like, what the hell is this?” said Roy, a graduate student in computer … Read more

GTC felt more bullish than ever, but Nvidia’s challenges are piling up

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Nvidia took San Jose by storm this year, with a record-breaking 25,000 attendees flocking to the San Jose Convention Center and surrounding downtown buildings. Many workshops, talks, and panels were so packed that people had to lean against walls or sit on the floor — and suffer the wrath of organizers shouting commands to get … Read more

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