Business News

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
2024-07-24 08:37:02
Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing.
Vietnam allows big companies to buy clean energy directly to meet their climate targets
2024-07-24 08:37:02
Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country's overstrained grid.
Renewables overproduction turns electricity prices negative
2024-07-24 08:37:01
With the proliferation of solar panels and wind turbines an unusual phenomenon is becoming more and more frequent: wholesale electricity prices turn negative.
Cloud and search lift Google-parent quarterly profit
2024-07-23 20:45:48
Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its cloud and search ads businesses thrived.
Mass layoffs and data breaches could be connected, according to researchers
2024-07-23 20:45:48
A research team led by faculty from Binghamton University, State University of New York has been exploring how mass layoffs and data breaches could be connected. Their theory: since layoffs create conditions where disgruntled employees face added stress or job insecurity, they are more likely to engage in risky behaviors that heighten the company's vulnerability to data breaches.
Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google
2024-07-23 17:15:10
Wiz has rejected a reported $23 billion acquisition proposal from Google parent Alphabet—as the cybersecurity startup pivots back to a previously-planned initial public offering, according to a company memo seen by CNBC and others.
Bosch to buy US firm's air conditioning business
2024-07-23 16:28:44
Germany's Bosch said Tuesday it planned to buy heating, ventilation and air conditioning assets from Johnson Controls International, in an $8-billion acquisition it called "the biggest" in the group's history.
US is investigating Delta's flight cancellations and faltering response to global tech outage
2024-07-23 16:25:33
U.S. regulators are investigating how Delta Air Lines is treating passengers affected by canceled and delayed flights as the airline struggles to recover from a global technology outage.
Amazon cracks down on 'coffee badging,' amid return-to-office push
2024-07-23 16:19:09
Amazon might be stepping up requirements for its return-to-office mandate—and workers are feeling uneasy.
An academic publisher has struck an AI data deal with Microsoft—without their authors' knowledge
2024-07-23 16:18:47
In May, a multibillion-dollar UK-based multinational called Informa announced in a trading update that it had signed a deal with Microsoft involving "access to advanced learning content and data, and a partnership to explore AI expert applications." Informa is the parent company of Taylor & Francis, which publishes a wide range of academic and technical books and journals, so the data in question may include the content of these books and journals.
Message in a bottle: Combining mixed-color glass an option to boost recycling
2024-07-23 15:43:56
The glass bottles we toss in the recycling bin don't always end up where we expect. Only about 33% of glass is recycled in the United States, according to the Environmental Protection Agency, partly due to expenses like sorting bottles by color. Penn State scientists recently found that mass-produced soda-lime silicate glass from post-consumer bottles of different colors can be safely melted together in the recycling process, which could potentially lead to more bottles being recycled.
Taobao to ship apparel items for free to Asian territories as it looks to go global  · TechNode
2024-07-23 12:21:24
The move illustrates Taobao’s efforts to tap into a broader global market while also engaging in competition with Pinduoduo at home.
Xpeng to contribute to all Volkswagen EVs in China starting 2026 · TechNode
2024-07-23 12:21:24
Volkswagen and Xpeng Motors on Monday announced moves that will expand their partnership to develop a highly modern electrical/electronic architecture not
Don't look down: fearless trainees propel wind turbine boom
2024-07-23 09:11:32
Perched almost 300 feet (90 meters) above the New Mexico plains, strapped to the sheer-edged roof of a wind turbine's generator by a single safety harness, Terrill Stowe is in his element.
Best Buy's Great Summer Sale: Huge Discounts On Games, Laptops, Action Figures, And More
2024-07-23 04:16:47
Best Buy's running yet another summer sale, offering big discounts on hundreds of games and electroincs until July 28.
2022 model Jeep and Ram vehicles under investigation by feds after multiple safety complaints
2024-07-23 01:17:00
Federal safety regulators are looking into complaints that some Ram pickups and Jeep Wagoneer SUVs can lose power, shift into park and apply the emergency brake.
Tech billionaires can’t build their ‘California Forever’ city yet
2024-07-23 01:00:05
AI art can’t get you on the ballot right away.
In U-turn, Google sticks with tracking 'cookies'
2024-07-22 23:22:10
Google on Monday said it was ditching its long mooted plan to block tracking "cookies" on its Chrome browser after years of resistance from online publishers and questions from regulators.
CrowdStrike says more machines fixed as customers, regulators await details on what caused meltdown
2024-07-22 23:06:15
Cybersecurity firm CrowdStrike says a "significant number" of the millions of computers that crashed on Friday, causing global disruptions, are back in operation as its customers and regulators await a more detailed explanation of what went wrong.
EU tells Meta to address consumer fears over 'pay for privacy'
2024-07-22 19:06:09
EU consumer authorities told Facebook owner Meta on Monday to take action to assuage European consumer groups' fears over its new "pay or consent" model or face further action.

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