Business

Washington, DC (CNN) The Boring Company has launched a way for customers to pay for rides on Loop , its Las Vegas transit system, with the cryptocurrency Dogecoin . Loop consists of passengers traveling in Tesla vehicles that are driven by humans at about 35 mph, a significantly scaled-down version of founder Elon Musk's original vision of high-occupancy vehicles moving at 150 mph. The Boring Company has described automating the driving and traveling at higher speeds in the future. The new payment option surfaced Friday as the Boring Company opened its first Loop station outside the Las Vegas Convention Center, which already has three stops. It's also the latest example of Musk promoting Dogecoin , the cryptocurrency whose value has fallen sharply in the last year. The Boring Company hopes to eventually expand to more than 50 stations on the Vegas Strip, including casinos, resorts and Allegiant Stadium, home of the NFL's Las Vegas Raiders. Clarke County, Nevada, … [Read more...] about Elon Musk’s Boring Company will let you pay for a ride with Dogecoin

New York (CNN Business) Elon Musk settled securities fraud charges brought against him by the Securities and Exchange Commission earlier this year, but he is not done deriding the agency. "I want to be clear: I do not respect the SEC," he told Lesley Stahl during an interview with CBS' "60 Minutes," which aired Sunday. Musk said he is abiding by the terms of his settlement deal "because I respect the justice system." But he reiterated that there is no love lost between him and the SEC. Musk and Tesla, the electric car company he runs, reached separate $20 million deals with the agency in September to settle securities fraud charges lodged against Musk that stemmed from statements he made on Twitter. As part of the agreement, Tesla said it would firm up its oversight of Musk's social media use by pre-approving posts that may contain information that is "material" to Tesla's shareholders. But Musk, who has long been known for his liberal and … [Read more...] about Elon Musk: ‘I do not respect the SEC’

New York (CNN Business) Tesla CEO Elon Musk said his electric car company came "within single-digit weeks" of death this year as it struggled to meet production targets for its Model 3 sedan. Musk made the comments about Tesla's cash crunch on "Axios on HBO" on Sunday. Tesla ( TSLA ) finally managed to hit its production targets in June , and turned a profit in October for the first time since 2016. Before those milestones, the company was facing a $1 billion debt obligation without much revenue to help pay it down . Musk said the production issues left Tesla "bleeding money like crazy." He added that the luxury electric car maker might have collapsed had the issues not been resolved quickly. Read More At the time, Tesla denied that it was in financial trouble and promised that it would be profitable by the end of the year. The CEO essentially moved into Tesla's Fremont, California, plant to smooth over production … [Read more...] about Elon Musk says Tesla was weeks from death

0 Business The decision comes after the Select Board's March vote not to renew the contract with parking meter company MPS, which expired June 30. Mary Ellen Gambon , Patch Staff Posted Reply DEDHAM, MA - Shoppers will be able to enjoy free parking in Dedham Square after the contract with the town's parking meter company was not renewed, ending months of complaints by residents who said the meter system overcharged them. The Select Board voted unanimously in March not to continue the contract with Municipal Parking Services, known as MPS, which installed what were termed as smart meters as part of a three-year contract. However, the company faced pandemic challenges and was unable to turn on the meters until June 2021. Residents voiced concerns at several Select Board meetings beginning in January , claiming they had been overcharged by as much as $20 by the new meters, which led to MTS's contract not being renewed. At a … [Read more...] about Dedham Announces New Parking Regulations For Dedham Square

One of the many remarks apocryphally attributed John Maynard Keynes has the British economist saying, “When the facts change, I change my mind. What do you do, sir?” To the best anyone has been able to determine, Keynes never spoke those words. They appear to have their origin in a 1970 appearance by American economist Paul Samuelson on the television show Meet the Press in which the topic of inflation was discussed. Paul Samuelson, the first American to receive the Nobel Memorial Prize in Economics. (Rick Friedman/Corbis via Getty Images) Samuelson was the author of what might be the best-selling economics textbook of all times, Economics: An Introductory Analysis . Samuelson’s book appeared in numerous editions in the years that followed its original publication in 1947 until its final version in 2009, the year its author shuffled off his mortal coil. Over the years, Samuelson’s estimate for the level of inflation that was healthy for the U.S. economy shrank from five … [Read more...] about Breitbart Business Digest: When the Facts Change, Will the Fed?

0 Schools The district said Romeoville High School will use the money to help supplement the school's STEM program and activities. Andrea Earnest , Patch Staff Posted | Updated Reply ROMEOVILLE, IL — For 11 years, Romeoville Mobil owner and president Mohammed Qurashi has donated $500 to science, technology, engineering and math programs in Valley View Community Unit School District 365U on behalf of the ExxonMobil Educational Alliance Program, according to a release from the district. Qurashi is the owner and president of the Romeoville Mobil station, located at 135th Street and Route 53. The district said Romeoville High School will use the money to help supplement the school’s STEM program and activities. Romeoville HS Principal Derek Kinder accepted the donation on behalf of RHS saying, “We greatly The ExxonMobil Educational Alliance Program provides STEM funds to schools all over the country. Since the … [Read more...] about Romeoville Business Owner Gives Donation To Enhance VVSD STEM Programs