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Sumitomo Rubber is shutting a century-old New York tire plant

Sumitomo Rubber announced Thursday it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs. The Japan-based company said attempts to control costs, along with investments in the aging facility, had failed to offset mounting financial losses. “The plant closure is primarily due to overall facility performance within the increasingly competitive international tire…

How much does it cost to crash a $3 million hypercar on a NASA landing strip?

Hennessey Special Vehicles crashed its Venom F5 — a $3 million hypercar — while driving nearly 250mph on the Launch and Landing Facility (LLF) runway at Kennedy Space Center in July. Newly reported details show the cost of the crash, which happened while the company was testing out new components of the car.The crash damaged the runway surface, according to…

Wes Davis Wes Davis

XRP Price is at Risk of a 25% Drop to $2: Here is Why

Key takeaways:XRP (XRP) price extended the losses from the sharp sell-off last week. The altcoin’s price is down 1.78% over the last 24 hours to trade at $2.78 on Monday. Risk-off sentiment in the broader crypto market and a decline in onchain activity suggest XRP could remain stuck in a downtrend over the next week or two. However, a reversal could…

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House Republicans Warn Of Catastrophe And Meltdown Over Tennessee Special Election

To say that Republicans are feeling gloomy about the House special election…

Jason Easley Jason Easley

Hong Kong introduces crypto staking rules, reaffirms Web3 commitment

Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for…

Disney World & Florida Continue Repairing Relationship as Investment & Construction Ramp Up

Walt Disney World and the City of Orlando have unveiled a new…

Tom Bricker Tom Bricker

Strategy Buys 10.1K Bitcoin Amid Israel-Iran Escalation

Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, disclosed its…

From No to Yes: Persuading Clients with the 3Ps Method

The following is adapted from the recent book Small Actions: Leading Your Career…

Eric Sim, CFA Eric Sim, CFA

A Group Of Senate Democrats Spinelessly And Pathetically Cave To Trump

PoliticusUSA is ad-free thanks to the support of readers like you. Please…

Jason Easley Jason Easley

Let’s Talk Blockchain, Not “Crypto”

Disregard all the hype around crypto in general and bitcoin in particular.…

Andrew Almeida, CFA Andrew Almeida, CFA

Private Credit’s Surge Has Investors Excited and Regulators Concerned

Private credit has rapidly evolved from a niche asset class into a…

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