Judge rules that Hertz can sell $1 billion worth of new stock, dealing a blow to investors who gobbled up shares after its bankruptcy (HTZ)

* Hertz, the car-rental giant which filed for bankruptcy in May due to the coronavirus pandemic, can sell $1 billion in new stock to raise money, a judge ruled Friday, according to The Wall Street Journal. * Hungry traders have gobbled up the stock since its bankruptcy, and the company's lawyers cited that volatility as a "unique opportunity" to shore up its coffers. * After the Chapter 11 filing on May 22, shares of Hertz skyrocketed and the stock flew up Robinhood's list of most popular names. However, the newly issued stock will effectively devalue existing shares, sending the stock down in after-hours trading Friday. * The company received a delisting notice from the New York Stock Exchange this week, which it plans to appeal in a bid to keep its shares trading. * Hertz was also seeking to save money by cancelling leases on more than 144,00 vehicles, which could save it up to $80 million. * Visit Business Insider's homepage for more stories. Join the conversation about this story » NOW WATCH: Why electric planes haven't taken off yet
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All the coolest features of every Tesla vehicle ever made or unveiled, ranked (TSLA)

* Tesla's vehicles are and always have been crammed with great ideas. * These range from touchscreen interfaces to innovative battery designs to staggering acceleration. * I've driven or experienced every vehicle Tesla has ever sold or intends to sell in the future. * Here are all my favorite features, ranked. * Visit Business Insider's homepage for more stories. In about two decades, Tesla has done what everyone in the auto industry thought was impossible: create an all-electric brand that could sell hundreds of thousands of vehicles. Tesla could have done that in a boring or modest way, developing the equivalent of an electric VW Beetle. Instead, Tesla made fantastically compelling cars that are fast, look amazing, and are packed with features. Here's a rundown of all my favorites, ranked from bottom to top: FOLLOW US: On Facebook for more car and transportation content! Tesla has been in business for 17 years. In that period of time, it's consisten...

Inside the fight between my small Iowa hometown and a $12 billion utility over smart meters and the radiation that some residents call 'poison'

* Many residents in Fairfield, Iowa, home to thousands of disciples of a deceased Indian guru, claim that radiation emitted by cell phones and other devices is harmful to human health. * Those beliefs created a problem for a local utility that began deploying radiation-emitting smart meters in 2017. * Through administrative proceedings, Fairfield residents fought back against the utility's smart meter program — and, for the most part, won. * At its core, the fight wasn't about the health effects of smart meters. It was about the freedom to exercise a set of beliefs, as unusual as they may be. * Visit Business Insider's homepage for more stories. FAIRFIELD, IOWA — I was standing outside my childhood home on an unseasonably warm spring day when I saw my neighbor approaching from across the street. It was May, and I had been staying with my parents months after escaping New York City. In their home, more than 80 miles away from the nearest airport, the threat of a pa...

Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital. * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020. * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories. The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...

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