Car batteries at a factory in Nanjing in China’s eastern Jiangsu province. Str | Afp | Getty Images PARIS, France — The push to commercialize solid-state batteries for electric vehicles (EVs) is well underway, but analysts say auto giants could be on the cusp of turning to a different kind of transformative science. Solid-state batteries … Read more
Chinese e-commerce company Alibaba has invested heavily in its fast-growing international business as growth slows for its China-focused Taobao and Tmall business. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese e-commerce giant Alibaba‘s international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products … Read more
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong … Read more
Philip Esformes booking photo by Miami-Dade County Corrections and Rehabilitation Source: Miami-Dade County Corrections and Rehabilitation Philip Esformes, whose 20-year prison sentence for a massive, $1.3 billion Medicare fraud scheme was commuted in 2020 by then-President Donald Trump, was arrested over the weekend in Florida on domestic-violence related charges. Esformes is at least the seventh … Read more
Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft programs. “This universal shelf registration provides flexibility for the company to seek a variety of … Read more
Former US President and Republican presidential candidate Donald Trump listens during a town hall at the Greater Philadelphia Expo Center and Fairgrounds in Oaks, Pennsylvania, on October 14, 2024. Jim Watson | Afp | Getty Images Kamala Harris mocked Donald Trump‘s behavior at an unusual campaign event, where the GOP presidential nominee cut short a … Read more
Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada. Scott Olson | Getty Images News | Getty Images DETROIT — … Read more
Many colleges are under financial pressure, and the cracks are starting to show. At least 20 colleges closed in 2024, and more are set to shut down after the current academic year, according to the latest tally by Implan, an economic software and analysis company. Altogether, more than 40 colleges have closed since 2020, according to … Read more
Apple iPad Mini 2024 Apple Apple announced a new iPad mini on Tuesday, offering the first update to its smallest tablet since 2021. The new iPad mini comes with a faster A17 Pro processor, the same chip that was in last year’s iPhone 15 Pro. That means it supports Apple Intelligence, the company’s new suite … Read more
Customers shop for produce at a Whole Foods Market 365 location in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images As Amazon looks to add more automation into its supermarkets, the retailing giant is partnering with a Khosla-backed startup that just came out of stealth last year, CNBC has learned. Last week, … Read more
