Angel Nikolov

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Ohio Senate strips anti-Tesla amendment from bill

Tesla's strategy to sell cars, such as the Model S, through manufacturer-owned retail stores has rubbed traditional franchise auto dealerships the wrong way. The battle between Tesla and the Ohio Auto Dealers Association heated up quickly over the past week because a proposed amendment to an Ohio …

What a 241 year-old Dutch credit crisis tells us about market optimism

It was a confident, high-powered investment firm with credit lines at top financial institutions. It made big bets using borrowed money to buy assets and generate higher returns. But when the market for those assets went south, lenders demanded more collateral until the firm suddenly collapsed. …

Anyone who says minimum wage has no effect on employment is wrong

There’s a misconception going around about the effect of the minimum wage on employment—namely that there isn’t one.<p>This past weekend, New York Times columnist and Nobel Prize winner Paul Krugman came right out and said it: “hiking the minimum wage has little or no adverse effect on employment.”<p>The …

Bank of America says Bitcoin could become a 'major means of payment'

Analysts at Bank of America Merrill Lynch issued the bank's first research report today on Bitcoin, the virtual currency that approximates cash on the internet, concluding that the currency has the potential to become a "major means of payment for e-commerce" as well as a "serious competitor to …

Jaguar Land Rover confirms Brazil car factory plans

<b>Jaguar Land Rover has confirmed plans to build a car plant in Brazil capable of producing 24,000 vehicles a year.</b><p>The UK car company had been in talks about the project with authorities in Rio de Janeiro for months.<p>JLR, the luxury car unit of India's Tata, said that it would invest £240m (750m …