Tesla has surpassed Toyota to become more valuable than the Japanese carmaker, but Tesla isn’t actually worth more. (TSLA)

Tesla CEO Elon Musk. Brendan Smialowski / AFP via Getty Images Tesla surpassed Toyota in market capitalization last week, making the electric-car company the world’s most financially valuable automaker.Tesla had already surpassed General Motors, Ford, and Fiat Chrysler to become the most valuable carmaker in the US.But is Tesla really worth more than Toyota?Of course…

The world’s most accurate economist says a full US recovery is unlikely before 2022 — and warns of a stock-market correction before year-end

Christophe Barraud, chief economist of the broker-dealer Market Securities, has been ranked Bloomberg’s most accurate forecaster of US economic data eight years in a row.  He told Business Insider that the US won’t return to its fourth quarter 2019 GDP of 2.1% until at least 2022, and for some European countries, a recovery won’t happen until…

I flew out of the new LaGuardia Airport terminal 2 weeks after it opened and couldn’t believe it was the same airport I hated. Here’s what it was like.

Flying out of the new LaGuardia Airport Terminal B. Thomas Pallini/Business Insider I flew out of the new Terminal B at LaGuardia Airport on a recent trip to Orlando and experienced the new Arrivals and Departures Hall, known as the headhouse, for the first time as a passenger last week. Putting it through its paces a…

The WHO changed its coronavirus timeline to say it got its first report about the virus on the internet, not from Chinese authorities

The World Health Organization changed its coronavirus timeline to say that its China office first found out about the novel coronavirus from local reports on the “viral pneumonia,” rather than from Chinese officials.The revision, published June 30, comes as multiple reports found that China withheld key information about the coronavirus outbreak from the public and…

Bank of America identifies 3 indicators that could make or break the stock market this summer – and warns they’re all deteriorating fast

The potential for a stock-market rally that extends further into the summer is being undermined by a few market-based indicators, according to Bank of America. Stephen Suttmeier, the chief equity technical strategist at Bank of America, identified three that sputtered at the end of June – and which bear close watching in the weeks ahead.  Click here…

‘Pile of garbage’: Wirecard’s stock is so toxic after its $2 billion accounting scandal that even the highly speculative world of day-trading is shying away

German fintech Wirecard filed for insolvency in June following a $2 billion scandal, which saw its former chief executive Markus Braun get arrested and resign.  Wire card’s share price tanked 97% from $117 to just under $4 in less than three weeks.  But even as it slumps, the stock is too toxic for the highly…

There’s a debate raging in video games over whether loot boxes should be classified as gambling

There’s a debate raging over whether in-game loot boxes encourage kids to gamble.In the UK, the House of Lords this week recommended the legal reclassification of loot boxes in video games as gambling.Loot boxes are a mechanic where a player pays either with in-game currency or real money for a randomized in-game item. These items…

How financial stress can impact your daily well being

StackCommerce July 4, 20204:00 PM EDTLast UpdatedJuly 4, 20204:00 PM EDT This article was created by StackCommerce. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned.Emotions are what make humans, well, human. They can spark joy or create turmoil in our…

A new strain of coronavirus is more infectious but doesn’t make people any sicker than before, according to a global study

A new strain of the novel coronavirus that’s spreading from Europe to the US is more infectious than its predecessor but is not making people any sicker than before, according to a new global study first reported on by CNN.Researchers call the new strain G614 and the previous strain D614. One of the researchers who…

Elon Musk denies Jeffrey Epstein toured SpaceX facilities

Elon Musk on Saturday denied that the late convicted sex offender and multimillionaire Jeffrey Epstein was given a tour of a SpaceX facility. A photo showed Musk with Ghislaine Maxwell, Epstein’s alleged co-conspirator who was arrested on Thursday, raising questions about his relationship to Musk. In a statement to Vanity Fair last year, Musk distanced himself from…