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Tesla’s S3XY range updates show how ridiculously far legacy auto has fallen in the EV race – Teslarati

Anyone that has followed the Tesla story over the past few years would know that one of the primary talking points against the electric car maker is the impendi…

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Anyone that has followed the Tesla story over the past few years would know that one of the primary talking points against the electric car maker is the impending competition that’s coming from more experienced, more competent carmakers. Critics argued that once legacy automakers get serious in their electric car efforts, a company as inexperienced as Tesla would easily be overwhelmed. This scenario has not happened at all — and if Teslas recent range updates to its S3XY lineup are anything to g…

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Average daily new coronavirus cases in U.S. hit all-time high, expert warns of ‘exponential spread’ – CNBC

The worrying rise in new cases come after White House chief of staff Mark Meadows acknowledged that the U.S. is not going to control the pandemic.

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Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020.
The average number of new daily cases of coronavirus in the United States is at a record stressing local hospital systems and forcing new curfews and other restrictions in some parts of the country.
With fall holidays such as Halloween and Thanksgiving approaching, the U.S. has now established its third peak of daily new cases with no signs of letting…

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Software stocks take a hit after SAP’s profit and sales warning – MarketWatch

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Shares of business software companies fell Monday, after Germany-based software giant SAP SE
SAP,
-22.76%
SAP,
-22.35%
issued a profit and sales warning as customers have pushed back investments as a result of the COVID-19 pandemic. Shares of Oracle Corp.
ORCL,
-5.11%
sank 2.9% in premarket trading, Salesforce.com Inc.
CRM,
-2.89%
dropped 1.6% and Microsoft Corp.
MSFT,
-1.54%
slid 1.1%. SAP’s U.S.-listed shares plunged 21% premarket, putting them on track to open at a 5-month low. The…

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Here’s who Biden would likely pick as the top financial watchdog for consumers – CNBC

Joe Biden would likely pick a new director to lead the Consumer Financial Protection Bureau if elected president in November. Here are the probable candidates for…

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U.S. Democratic presidential candidate Joe Biden speaks during a voter mobilization event at the Michigan State Fairgrounds in Novi, Michigan, October 16, 2020.
Consumers are likely to get a new financial watchdog if Joe Biden wins the presidential election next month.
The Consumer Financial Protection Bureau has languished during the Trump administration, making it likely that Biden, if elected, would make leadership changes, according to consumer advocates.
The agency protects consumers from financial…

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