CATEGORIES

TESLA WILL INVEST S3.6B IN NEVADA TRUCK FACTORY EXPANSION

Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker.

TESLA SAYS ITS 40 PROFIT ROSE 59%, EXPECTS STRONG DEMAND

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

GOLDMAN SACHS SIGNALS PARTIAL RETREAT FROM CONSUMER BANKING

Goldman Sachs no longer wants to be the bank for everyone.  The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy.

THE PROS AND CONS OF SOFTWARE RUNNING YOUR CAR

Software was a big theme for automakers attending CES 2023 in January. BMW, Stellantis, Volkswagen and a joint venture between Honda and Sony showed off upcoming or concept vehicles that are significantly reliant on computers and code.

MEMBER OF CONGRESS READS AI-GENERATED SPEECH ON HOUSE FLOOR

When U.S. Rep. Jake Auchincloss decided to deliver a speech on a bill that would create a U.S.Israel artificial intelligence center, he opted to let the Al do the talking.

NEW ICE CORE ANALYSIS SHOWS SHARP GREENLAND WARMING SPIKE

A sharp spike in Greenland temperatures since 1995 showed the giant northern island 2.7 degrees (1.5 degrees Celsius) hotter than its 20th-century average, the warmest in more than 1,000 years, according to new ice core data.

IRELAND FINES WHATSAPP 5.5M EUROS FOR EU PRIVACY BREACH

Ireland fined WhatsApp on Thursday for breaching strict European Union privacy rules by forcing users to consent to allow their personal data to be used to provide “service improvements and security.”

FEWER AMERICANS FILE FOR JOBLESS BENEFITS LAST WEEK

The number of people seeking unemployment benefits in the U.S. reached a four-month low last week, a sign that employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation.

AS US NEARS DEBT LIMIT, POLITICAL FRICTIONS RAISING ALARMS

The countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis.

RENNER SAYS HE'S HOME FROM HOSPITAL AFTER SNOW PLOW ACCIDENT

Actor Jeremy Renner says he is out of the hospital after being treated for serious injuries from a snow plow accident.

UNITED AIRLINES CEO WARNS TRAVELERS MORE DISRUPTIONS AHEAD

The CEO of United Airlines said that other airlines won’t be able to handle all the flights they plan to operate this year, leading to more disruptions for travelers.

EU OUTLINES PLAN FOR CLEAN TECH FUTURE BOOSTED BY SUBSIDIES

The European Union pushed forward with a major clean tech industrial plan which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States.

NEVADA LITHIUM MINE GETS CONDITIONAL $700M GOVERNMENT LOAN

The U.S. Department of Energy announced a conditional loan of $700 million to an Australian mining company to pursue a lithium project still facing environmental hurdles in Nevada as the U.S. seeks domestic supplies for a key component in electric vehicle batteries.

TOYOTA PUSHES ZERO-EMISSION GOALS BY CONVERTING OLD MODELS

To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors.

CHINA'S NETEASE CRITICIZES BLIZZARD OFFER AS UNEQUAL, UNFAIR

China games company NetEase Inc. has rejected a proposal from World of Warcraft creator Activision Blizzard to temporarily extend its partnership while the U.S. company seeks a new partner, calling the proposed terms “unequal and unfair” in an escalating public spat.

EU INAUGURATES FIRST MAINLAND SATELLITE LAUNCH PORT

The European Union wants to bolster its capacity to launch small satellites into space with a new launchpad in Arctic Sweden.

RETAIL GROUP: HOLIDAY SALES UP SLOWER-THAN-EXPECTED 5.3%

Sales for the holiday 2022 season slowed more than expected from its blistering pace a year ago as higher borrowing costs and higher inflation made shoppers pull back, according to the nation’s largest retail trade group.

GOLDMAN, M.STANLEY PROFITS PLUNGE AS DEALMAKING DRIES UP

The profits for two iconic Wall Street firms — Goldman Sachs and Morgan Stanley — plunged sharply last quarter as volatile markets cut deeply into investment banking.

JOB CUTS IN TECH SECTOR SPREAD.MICROSOFT LAYS OFF 10,000

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.

APPLE CEO TIM COOK TO TAKE MORE THAN 40% PAY CUT

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Cook himself.

APPLE PARK IN NUMBERS: A LOOK AT THE ICONIC CAMPUS

Apple Park is designed to be both functional and environmentally friendly. Let’s take a closer look at the various aspects of the building, including its size, cost, environmental impact, and the various buildings and facilities on the campus.

TESLA CUTS VEHICLE PRICES IN BID TO BOOST FLAGGING DEMAND

With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

FASTEST CORVETTE EVER IS ALL-WHEEL-DRIVE GAS-ELECTRIC HYBRID

The fastest Corvette ever made comes out later this year, and it’s not powered solely by a howling V8.

APPLE MUSIC: TIPS & TRICKS TO ENHANCE YOUR MUSIC EXPERIENCE

Apple Music is one of the most popular streaming services in the United States that allows users to access millions of songs, albums, and playlists.

APPLE MUSIC & APPLE TV APPS FOR WINDOWS ARE NOW AVAILABLE

Apple Music and Apple TV apps for Windows have made an appearance, with preview versions of the apps being spotted on the Microsoft Store.

New Macs

Transforming the landscape with M2 PRO & M2 MAX

APPLE HOMEPOD 2: INTRODUCING THE NEXT GENERATION OF SMART SPEAKERS

Apple has unveiled the highly-anticipated second generation of the HomePod, a smart speaker that boasts next-level acoustics and an iconic design. Packed with Apple innovations and Siri intelligence, the HomePod 2 offers a powerful tool for entertainment and everyday tasks.

GATES FOUNDATION TAKES UP QUESTION OF ITS OWN POWER

Does The Bill & Melinda Gates Foundation have too much power and influence?

ELON MUSK'S NEXT DRAMA: A TRIAL OVER HIS TWEETS ABOUT TESLA

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t.

Another round of coinbase job cuts, 20% of workforce let go

Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.