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  Bloomberg

  Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires

  (Bloomberg) -- Reeling from a bear market last year, beaten-up investors decided to send more than $60 billion to exchange-traded funds focusing on dividends.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeMusk, Netanyahu Visit Massacre Site Amid Antisemitism FurorBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresSodium in Batteries: Shift May Herald Another ShakeupChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesEleven m

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  TipRanks

  Buy these 2 solar stocks, analyst says, forecasting at least 90% upside potential

  An increasing pressure, from both social and political directions, has combined to boost clean and renewable energy providers, including residential scale solar installation providers. Residential solar offers several benefits to the customer, including grid-independent home power and an ability to sell electricity back to the utility provider. Yet, the residential solar business has faced strong headwinds in the last year or more, due to high interest rates increasing the cost of financing the

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  Reuters

  Volkswagen to reduce headcount at 'no longer competitive' VW brand

  BERLIN (Reuters) -Volkswagen's 10 billion euro ($10.9 billion) savings programme will include staff reductions, managers told staff on Monday as brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive. The German carmaker is in the midst of negotiations with its works council over a cost-cutting scheme at its VW brand, the first step in a group-wide drive to boost efficiency in the transition to electric cars. "With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand," Schaefer told a staff meeting at the carmaker's headquarters in Wolfsburg, according to a post on the company's intranet site and seen by Reuters.

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  The Wall Street Journal

  Crown Castle Stock Rises After Elliott Pushes for Changes

  Crown Castle shares rose nearly 4% in morning trading Monday after activist Elliott Investment Management said it's calling for the wireless-tower owner to replace its chief executive and pursue a strategic review of its fiber business. Elliott controlled a roughly $1 billion economic interest in Crown Castle in 2020. At the time, it pressured the company to change its approach to the fiber business, but failed to gain traction.