Ford CEO Jim Farley is warning Tesla about “product freshness” as he believes Tesla’s electric cars are at risk of becoming commodities. Last summer, Farley accurately predicted that a price war in the EV market would be coming soon. Tesla started it in early January, and Ford followed with price cuts to its Mustang Mach-E
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10:15 AM ET FOXBOROUGH, Mass. — When former Oregon Ducks cornerback Christian Gonzalez arrived on stage at the 2023 NFL draft after the New England Patriots picked him 17th overall, he opened his suit jacket and the vibrant colors reflected his roots. The bright red, blue and yellow colors resembled the flag of Colombia. There
The body of a man recovered by officers investigating the death of a pregnant teacher has been formally identified as her partner David Yates. Police Scotland officers made the discovery at Mugdock Reservoir on Thursday. The search was under way for Yates, 36, after Marelle Sturrock, 35, was found dead in a property in Glasgow’s
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT CFOTO | Future Publishing | Getty Images A former Apple employee who swindled the company out of more than $17 million with a scheme that double-billed for parts was sentenced to three years in federal prison and ordered to pay more than $19 million in restitution to
Federal Bureau of Investigation Director Christopher Wray testifies before a Senate Intelligence Committee hearing on “worldwide threats,” on Capitol Hill in Washington, March 8, 2023. Mary F. Calvert | Reuters U.S. cyber intelligence staff is vastly outnumbered by Chinese hackers, Federal Bureau of Investigation Director Christopher Wray told Congress as he pleaded for more money
8:12 AM ET Associated Press INCHEON, South Korea — The Korea Championship has a home player atop the leaderboard after Park Sang-hyun‘s 25-foot putt for birdie to finish his second round Friday. Park shot a 3-under 69 and joined Yannik Paul (68) at 8 under overall at Jack Nicklaus Golf Club. “I want to prove
The new owners of Chelsea FC are in talks with Allianz, the German insurance giant, about taking over as its principal shirt sponsor as they grapple with the impact of a dire debut season on the club’s finances. Sky News has learnt that Allianz is among a handful of companies in discussions with the Stamford
Tesla has lowered the price of its seven-seat, third-row option for its popular Model Y SUV to $3,000, down from $4,000 previously. The change is the latest among several recent price changes for Tesla as inventory reaches a new high. The standard Model Y includes five seats, but buyers can upgrade to an option for
Republican presidential candidate Nikki Haley has said it is unlikely Joe Biden would “make it” to the end of a second term were he to be re-elected to the White House. Mr Biden, 80, announced he was running for re-election in 2024 on Tuesday. He is already the oldest president in history. By the end
9:12 PM ET Oregon State athletic director Scott Barnes was released from a hospital on Wednesday after experiencing what the school referred to as a “medical event” last Saturday night in Fresno, California. “The Barnes family is beyond grateful for the love, prayers and support shown to them by Beaver Nation and beyond,” a statement
The conflict in Sudan has left international consumer goods makers racing to shore up supplies of gum arabic – critical to the food, drinks and cosmetics industry. The northeastern African country is the world’s largest producer of gum arabic, a resin tapped from the acacia tree. It is a key ingredient in everything from fizzy
Richard Sharp has resigned as chairman of the BBC in the wake of a report into his appointment following a cronyism row. Mr Sharp said the report found he had breached the government’s code for the public appointments but said it was “inadvertent”. The matter has been a “distraction” for the BBC and he has
In this article 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony posted record annual operating revenue on Friday, helped by its chip division and sales of its flagship PlayStation 5 gaming
In this article ATVI MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft has invested huge amounts of capital and time into making cloud gaming a core part of its gaming offering. Peter Summers | Getty Images When Microsoft announced its offer to buy Activision Blizzard for $68.7 billion, it marked one of the biggest acquisitions
A ceasefire in Sudan has been extended for three more days despite continuing reports of heavy fighting in the capital Khartoum and the western region of Darfur. The truce between Sudan’s paramilitary Rapid Support Forces (RSF) and military had been due to expire at midnight, but the US and Saudi Arabia brokered a new deal.
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,
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