Tesla is slightly raising the price of the base Model Y in China after an important price cut last month resulted in a significant increase in orders. Last month, we reported on Tesla slashing prices in China, which raised demand concerns for the automaker in the important EV market. The price drops on some Model 3
A work-over rig performs maintenance on an oil well in the Permian Basin oil production area near Wink, Texas August 22, 2018. Nick Oxford | Reuters Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow’s crude and oil products
A dog breeder was shot and killed on Monday night after a planned sale of a French bulldog went wrong, police have said. Lonnie A Ray, 76, organised to sell the dog in Bishopville, South Carolina. Authorities described Mr Ray as “probably the best breeder” in the area. Mr Ray had planned to meet the
In this article 9618-HK Follow your favorite stocksCREATE FREE ACCOUNT JD.com has become the latest Chinese tech giant to announced plans for a ChatGPT-style product, joining the hype around the chatbot technology. Qilai Shen | Bloomberg | Getty Images JD.com, one of China’s largest e-commerce players, said on Friday it plans to launch a ChatGPT-style
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT SMIC’s 14nm chip yield has reached industry production level. Future Publishing | Getty Images China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry. SMIC said on
Energy suppliers have agreed to end the forced installation of prepayment meters in vulnerable customers’ homes, the government has said. The move comes as an investigation revealed debt collectors working for British Gas forced their way into the homes of vulnerable customers. An undercover investigation by The Times claimed a company used by British Gas
8:22 PM ET Oklahoma and Texas have agreed in principle to pay the Big 12 a total of $100 million to join the SEC in 2024, a year earlier than they had originally intended, the conference announced Thursday night. The agreement is subject to the final approval from the Oklahoma and Texas governing boards. While
A new Tesla Cybertruck beta prototype has been spotted and this time we get a good look at the front-end, which appears to have been updated, and it still has a monstrous windshield wiper. As we reported last week, we expected to start seeing a lot more Cybertruck sightings as the automaker is testing its
An exclusive Sky News/Ipsos poll has found that young people are feeling increasingly lonely – with the cost of living crisis leading many to take on extra work, move in with their parents and cut back on socialising. The poll, conducted in December, found 37% of 18 to 24-year-olds felt lonelier this winter than they
Ram officially announced the Ram 1500 REV, its first all-electric pickup truck, today, and the company claims that it is starting a revolution despite being late to electrification. We already knew that Ram 1500 REV would be the name of the brand’s first electric pickup thanks to a trademark filing last year, but now the
During a presentation at the Chicago Auto Show earlier today, Hyundai Motor North America has introduced a new month-to-month EV subscription program called Evolve+, aimed at “EV curious” consumers. The all-encompassing monthly price includes the EV itself, plus insurance, roadside assistance, and maintenance. This turnkey option will begin with a couple of Hyundai brand EVs
Tesla Semi program manager, Guthrie Gintzler, explained his pitch to fleet managers and the importance of electric trucks to reduce emissions from the transportation sector. Gintzler joined Tesla in 2016 as an intern, but he quickly rose through the ranks and was made program manager of Tesla Semi last year. He has an interesting educational background,
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares fell more than 20% during after-hours trading after issuing weak guidance in its earnings report on
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 Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced
Dan Schulman, CEO of Paypal, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerard Miller | CNBC PayPal said on Thursday that CEO and president Dan Schulman will retire and leave the company at the end 2023. Schulman, who became PayPal CEO after the split from
Labour has held onto its seat in West Lancashire after a by-election was triggered by the resignation of veteran MP Rosie Cooper. Ashley Dalton held the seat for the party, marking the third by-election victory for Labour in recent months. In December, the party comfortably held on to its seat in Stretford and Urmston, Greater
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. The SEC claims Kraken failed to register
In this article TBLA APO Follow your favorite stocksCREATE FREE ACCOUNT Noah Berger | Bloomberg | Getty Images Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday. Private equity firm Apollo Global Management acquired 90% of
The US Department of Transportation said on Thursday it is investigating Elon Musk’s brain-implant company Neuralink over the potentially illegal movement of hazardous pathogens. A Department of Transportation spokesperson told Reuters about the probe after the Physicians Committee of Responsible Medicine (PCRM), an animal-welfare advocacy group, wrote to Secretary of Transportation Pete Buttigieg earlier on Thursday
After announcing its return to Formula 1 in a dynamic new partnership with Red Bull, Ford teased several “EV performance demonstrators,” including a mystery high-performance electric truck. Ford CEO Jim Farley gave us a sneak peek of what its special EV performance truck may look like Wednesday that could be a souped-up F-150 Lightning. Ford