Tesla Shanghai production lags due to parts shortages

Tesla Shanghai production lags due to parts shortages

Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. US electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. ding ting | Xinhua News Agency | Getty Images Tesla reduced vehicle production … Read more

Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. CORNER -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, … Read more

Elon Musk says he would reverse Twitter’s Trump ban

Elon Musk says he would reverse Twitter's Trump ban

Musk’s remarks at Financial Times’ Future of the Car conference mark his first public acknowledgment of what had been widely expected since the billionaire announced plans to buy the social media giant for $44 billion. Musk has previously said he thinks Twitter should be more “reluctant to delete things” and “very cautious with permanent bans.” … Read more

Mario Batali: Celebrity chef is acquitted of groping woman at Boston restaurant

Mario Batali: Celebrity chef is acquitted of groping woman at Boston restaurant

CNN — Celebrity chef Mario Batali was found not guilty Tuesday at a bench trial on charges of indecent assault and battery related to the alleged groping of a star-struck patron at a Boston restaurant in 2017. Judge James Stanton noted Batali’s conduct was “not befitting of a public person of his stature” that night … Read more

NASA Releases Ridiculously Sharp Webb Space Telescope Images

NASA Releases Ridiculously Sharp Webb Space Telescope Images

NASA held a press conference Monday morning to discuss the precise alignment of the Webb Space Telescope and the spacecraft’s upcoming scientific operations. The space agency also released images from the telescope that put Webb’s progress on dazzling display. “I’m delighted to report that the telescope alignment has been completed with performance even better than … Read more

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

Text size Uber is one of multiple tech companies slowing down hiring and cutting back on spending. Drew Angerer/Getty Images facebook parent Meta Platforms, ride-share service provider Uber Technologies and tech and online retail giant Amazon.com have announced hiring slowdowns in recent weeks. It’s all about keeping down costs, according to one economist. Peter Boockvar, … Read more

Ingenuity Mars Helicopter Went Silent, Leaving Anxious NASA Team in the Dark

Ingenuity Mars Helicopter Went Silent, Leaving Anxious NASA Team in the Dark

Late last week, NASA’s Ingenuity helicopter managed to reestablish its connection with the Perseverance rover following a brief communications disruption. The space agency says the looming winter is likely responsible and is making adjustments as a result. On Thursday, Ingenuity—mercifully—sent a signal to Perseverance after the intrepid helicopter missed a scheduled communications session. It marked … Read more

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 94 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. … Read more

Wall Street’s losses worsen as markets tumble worldwide

Wall Street's losses worsen as markets tumble worldwide

NEW YORK (AP) — Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates. The S&P 500 was 2.1% lower in afternoon trading after coming off its fifth straight losing week, its longest … Read more

5 things to know before the stock market opens Monday, May 9

5 things to know before the stock market opens Monday, May 9

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures over drop 2% as stocks continue to sell off Traders on the floor of the NYSE, May 6, 2022. Source: NYSE The Nasdaq was poised to lead Wall Street lower again Monday, with futures tied … Read more