Sunday, 3 Jul 2022

Tesla Hikes U.S. Prices

Treasury Announces Details Of Twenty-Year Bond Auction

The Treasury Department on Thursday announced the details of this month’s auction of twenty-year bonds.

The Treasury revealed plans to sell $14 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.

Last month, the Treasury sold $17 billion worth of twenty-year bonds, drawing a high yield of 3.290 percent and a bid-to-cover ratio of 2.50.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.48.

Qualcomm Slips 7% Despite Victory Against EU Anti-trust Lawsuit

Shares of US chipmaker Qualcomm Inc. (QCOM) are down 7 percent on Thursday’s trading. The stock is perhaps trending with the US markets, which is in the red on Thursday morning.

The company recently won against a 997 million euros or $1.05 billion fine imposed by EU antitrust regulators four years ago. The European Commission had in 2018 said that Qualcomm paid billions of dollars to Apple Inc. (AAPL) from 2011 to 2016 to use only its chips in all its iPhones and iPads in order to block out rivals like Intel Corp. (INTC)

Currently at $122.06, the stock has traded between $120.20 and $193.58 during the past 52 weeks.

Hisense Recalls 55,200 French Door Refrigerators

Hisense USA has recalled about 55,200 French door refrigerators that were sold exclusively at Lowe’s due to impact injury hazard.

According to a statement from the Consumer Product Safety Commission, the recalled refrigerators’ door hinge can break causing the door to detach when the consumer tries to open the French doors, posing an impact injury hazard to the consumer.

The company said it has received 139 reports of the refrigerator doors loosening or detaching and five reports of injuries, including foot bruises and lacerations.

The recalled products were sold at Lowe’s stores nationwide and online at from August 2020 through February 2022 for about $1,500.

The recall involves Hisense USA’s 26.6 cubic foot capacity stainless steel French door refrigerators with ice maker with model number HRF266N6CSE and with serial numbers C2020050100001 through C2020123109000.

The company has asked consumers to immediately stop using the refrigerator if the recalled refrigerator’s doors fail to open or close normally until they are repaired.

Consumers has been asked to contact Hisense to determine if their unit is part of the recall and to schedule a free in-home service appointment to have the refrigerator door hinges replaced.

Hudson Technologies Slips 6%

Shares of Hudson Technologies, Inc. (HDSN) are slipping over 6% on Thursday morning despite there being no corporate announcements on the day to influence the stock movement.

HDSN is currently trading at $9.51, down $0.65 or 6.40%, on the Nasdaq.

Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States.

Opinion | Crypto, Houses, Sneakers, Rolexes: How FOMO Drove the Economy

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By Farhad Manjoo

Opinion Columnist

Traffic on I-25 through Greenwood Village reopens after police respond to person in crisis

Interstate 25 was shutdown, from Orchard to Arapahoe roads, for a couple of hours Thursday afternoon and RTD light rail along the highway was temporarily halted as police responded to a person who was in crisis.

The incident started around noon and the RTD E and R lines were back running shortly before 2 p.m., according to an RTD spokeswoman.

The southbound lanes of I-25 were closed for about 90 minutes. The northbound lanes were partially reopened prior to the full reopening. The person in crisis was contacted by police and the situation was resolved without further incident.

‘The Old Man’ Brought Jeff Bridges to TV. John Lithgow Had No Advice.

The two award-winning actors had never worked together before this brooding FX thriller came along. Who knew the journey would become so existential?

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By Austin Considine

Tesla Hikes U.S. Prices

Luxury electric car maker Tesla Inc. (TSLA) has sharply increased prices of all of its cars models, amid ongoing global supply-chain issues and increasing raw material prices.

According to Electrek, the Model 3 Long Range price has gone from $54,490 to $57,990, a $2,500 price increase. The electric carmaker has increased its Model Y long-range price to $65,990 from $62,990.

Tesla also increased the price of Model S even after increasing its price by $5,000 price just a few months ago. The Model S Dual Motor All-Wheel Drive Long Range went from $99,990 to $104,990 with the latest price increase.

The price hike comes at a time when costs of raw materials, including aluminum and lithium used in cars and batteries, have surged, while logistic costs have also increased.

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