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US Stocks climb to records on strong economic data


The US stocks continued upward journey on Monday, 05 April 2021, with the Dow Jones Industrial Average and S&P 500 surging to records, thanks to better than expected jobs reports and the services sector data.
At the close of trade, the Dow Jones Industrial Average index advanced 373.98 points or 1.13% to 33,527 and the S&P 500 added 58.04 points or 1.44% to 4,078. The tech-heavy Nasdaq Composite Index climbed up 225.49 points or to 1.67% 13,706.
With the U. S. stock market closed Friday, it was the market s first reaction to the latest jobs report, which showed that U. S. hiring jumped in March. Employers added a seasonally adjusted 916,000 jobs last month. Investors were further encouraged by a report Monday showing that the services sector recorded record growth in March as orders, hiring and prices surged. ....

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Pamplin Media Group - 2021 Ford Mustang Mach-E: Promises kept


The new all-electric crossover is ready, willing and able to take on the changing world.
The 2021 Ford Mustang Mach-E is an impressive all-electric crossover. Anyone considering a Tesla needs to drive it first.
It really does send a message to Tesla. Ford has 118 years experience building cars and they brought it all to bear on the Mustang Mach-E, said Preston Willis, General Sales Manager at Gresham Ford, which is carrying the new vehicle.
Because the Mach-E is a crossover, it s easy to say That s not a Mustang the first time you see it. But I understand why Ford chose to name its first crossover EV after the iconic Pony Car. ....

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Tesla, Ford only carmakers in US not to have gone bankrupt, says Elon Musk


As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt.
Tesla reported another profitable quarter as revenue hit $10.74 billion in the fourth quarter of 2020. In last year, Tesla achieved free cash flow of nearly $2.8 billion after spending more than $3 billion on building new factories and other expenditures.
US automaker Ford last month announced to more than double its investment in electric and autonomous vehicles to $29 billion. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. ....

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