China’s largest chipmaker SMIC won’t be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment, analysts told CNBC. Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC won’t be able to produce cutting-edge chips competitively if it continues to be cut off from advanced equipment,
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A Tesla Model 3 was found on fire parked on the street in Spokane, Washington. The police first believed that it caught on fire by itself due to its battery, but it turns out it was arson. Electric vehicles have an unwarranted reputation for catching on fire even though there’s no evidence that they catch
Although Saab doesn’t make cars anymore, the company’s spirit is still alive and well. After going defunct in 2011, Saab’s automotive assets were sold to National Electric Vehicle Sweden. Under financial hardship, the company is now closing product development activities – however, not before a new secret electric sports car project called NEVS Emily GT
Enel North America has named Oklahoma as its preferred choice for its planned 3-gigawatt (GW) solar panel and cell factory. The factory, which Enel announced in November of last year, will be one of the largest to produce solar cells in the US – and Enel says it eventually plans to double its capacity to 6
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel reported
11:53 AM ET Jake Paul and his promotions team are launching a new boxing series called Most Valuable Prospects that will highlight top up-and-coming fighters. The series will begin with a card on May 26 in Orlando, Florida, and it will be headlined by rising star Ashton Sylve, officials told ESPN on Thursday. There will
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Crypto exchange Coinbase offered a fiery response on Thursday to last month’s Wells
Police looking for the partner of a pregnant teacher found dead in Glasgow have found a body. Officers were looking for David Yates after the body of Marelle Sturrock, 35, was discovered at a property in the city’s Jura Street on Tuesday morning. Police said the body is yet to be formally identified but it
Tesla is suing Tank & Rast, a large gas station operator in Germany, for the right to install charging stations along the Autobahn. Tank & Rast is in a near monopoly position as it holds the concession for almost all Autobahn rest stops in Germany and their filling stations. It used to be a state-owned company before it was privatized
eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies. Joby Aviation, Inc. ($JOBY) is a California-based company developing electric, vertical takeoff
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Ramin Talaie | Corbis News | Getty Images Ride-sharing app Lyft will lay off 1,072 employees, roughly 26% of its corporate workforce, and won’t hire for an additional 250 positions, the company said in an SEC filing Thursday. The news comes a week after a
Spain is believed to have recorded its hottest ever April day. A temperature of 38.7C (101.66F) was provisionally recorded at Cordoba Airport on Thursday, according to the Met Office. The record was broken as the country continued to swelter extreme temperatures which also saw a horse die and another collapse while pulling passenger carriages through
In this article DBX Follow your favorite stocksCREATE FREE ACCOUNT Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San Francisco Matt Winkelmeyer | Dropbox | Getty Images Dropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce,
Colorado is considering a regulation that would ban noisy, polluting gas-powered lawnmowers and leafblowers in the state as of 2025. It’s similar to a California rule which goes into place in 2024, but Colorado’s goes even further and would ban government and commercial use, along with sales. Gas-powered lawnmowers and leafblowers are surprisingly big polluters
Tesla’s (TSLA) inventory in the US has reached a new high, which is worrisome at this time in the quarter, and it is pointing to price cuts maybe not working as well as the automaker intended. Since the beginning of the year, Tesla has consistently reduced prices of its electric vehicles in the US to
Police have launched a murder investigation and are on the hunt for the partner of a pregnant teacher who was found dead in Glasgow. Officers are searching for David Yates after the body of Marelle Sturrock, 35, was discovered at a property in the city’s Jura Street on Tuesday morning. On Thursday, Police Scotland confirmed
Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami, Florida, on April 18, 2023. Chandan Khanna | AFP | Getty Images After being spotted on Capitol Hill on Wednesday, Elon Musk tweeted that he’d met with Senate Majority Leader Chuck Schumer, D-N.Y., and other lawmakers about artificial
Tesla has decided to use a bizarre defense in a lawsuit brought by the family of a Tesla owner who died in an accident while using Autopilot a few years ago. The automaker claimed that CEO Elon Musk shouldn’t be made available to explain some of his statements on self-driving because some of the public
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by 2050 or sooner,” has urged shareholders to oppose the resolution put forward by Follow This. Sopa Images | Lightrocket | Getty Images BP is bracing
Elon Musk has been ordered to be interviewed under oath to determine if he made specific statements about Tesla’s Autopilot feature after the carmaker threw their authenticity into doubt, saying the billionaire was often a target of online “deepfakes”. A judge in California made the tentative ruling after raising concerns that such arguments could be