Texas Central aims to introduce a high-speed bullet train from Dallas to Houston, reducing travel time to 90 minutes. Despite facing delays and a hefty cost of $33.6 billion, the project has gained support from Amtrak, Japan, and the Biden Administration's $66 billion passenger rail investment. The project faces challenges, including opposition from landowners concerned about eminent domain, as well as skepticism about its viability and potential impact on existing rail infrastructure.
Oracle exceeded earnings estimates, its cloud services revenue growing 12%. Vail Resorts missed estimates and reduced guidance due to low snowfall. Asana reported better-than-expected results with revenue exceeding estimates. Third Point and Saddle Point acquired a stake in Advance Auto Parts, resulting in a settlement that secures them three board seats.
China experienced inflation in February (0.7% year-on-year) after months of deflation. Despite this, some analysts believe deflation still looms and consumers remain cautious. However, Shaun Rein of China Market Research Group suggests investors consider re-entering the Chinese market as valuations are low. China's economic challenges over the past year have led to declines in stock markets, but Rein believes long-term growth prospects are promising, especially in domestic neighborhood electric vehicle manufacturers.
Xiaomi, the Chinese smartphone giant, has finally announced the official launch date of its much-anticipated electric car: March 28th. The car, called the SU7, was originally unveiled in December, but details on pricing and delivery were kept under wraps. Now, Xiaomi has revealed that the SU7 "will be delivered as soon as it is launched." The company is also targeting the premium segment with the car, and deliveries could begin as soon as the second quarter of this year.
Looking to boost your income and delve into your interests? You're not alone! A whopping 39% of Americans have side hustles, averaging $800 monthly. These gigs often tap into hobbies and passions, letting you develop new skills while earning extra cash. Millennials and Gen Z lead the charge, with over half actively hustling.
But before diving in, consider these essentials: choose something you enjoy, manage your time wisely (don't let it clash with your main job!), and check your employment contract for any restrictions. Ready to explore? From pet sitting and dog walking to VRBO rentals and car sharing, there's a side hustle waiting for you! Remember, report earnings above $400 to the IRS, and consider consulting an accountant to navigate taxes and maximize deductions. (129 words)