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Added on the 28/10/2019 13:33:00 - Copyright : Auto Moto EN
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.
Angelina Murphy paid off $100,000 in debt in just a year by making very smart money moves in her business. She says her default setting is as an artist, not a businesswoman. However, using a budget for the first time reined in her spending. According to Business Insider, the Seattle-area resident had three keys to her success: a niche market, expertise, and location. Her specialty, high-end, business offers luxury hair extensions to women with thinning hair or hair that won't grow very long. She's also very good at her job and invests in her ongoing professional development. Finally, Murphy keeps her expenses low by using her own garage as her location, instead of a pricey retail salon!
The US Federal government's Paycheck Protection Program, or PPP, doled out hundreds of billions of dollars to businesses. The PPP's goal was to assist businesses during the nearly inevitable slowdowns due to the coronavirus pandemic. But according to Business Insider, many minority-owned businesses were left waiting for funds until the final weeks of the program. Many of our businesses were being turned down in the first and second round of funding. That caused application fatigue and frustration. Ron Busby President, US Black Chambers The Center For Responsible Lending says minority-owned businesses support 8.7 million jobs with an annual total payroll of $280 billion.
Win McNamee/Getty Images Tesla's services business could be worth more than all of its car sales by the end of the next decade, Morgan Stanley said last month. The bank estimates autopilot, insurance, energy, and everything else to be worth about 53% of a new street-high target price of $540 by 2030. Investors should also consider comparing the company to other services companies, like Apple, Tinder, Roku, and video game makers, the analysts said. Visit Business Insider's homepage for more stories.
Powerhome Solar is among the nation's fastest-growing energy companies. However, it's facing complaints of botched installations and unresponsive customer service. Among the 11 unhappy Powerhome Solar customers Business Insider spoke with, some say they were stuck with expensive panels that don't work. And while the Better Business Bureau gives the company an A+ rating, the company has had 183 complaints made against it. The vast majority of the complaints registered with the BBB were categorized under 'Problem with a Product or Service.'
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