business Archives - Page 3 of 10

California DMV accuses Tesla of falsely advertising Autopilot and full self-driving features

The California Division of Motor Autos has accused Tesla of false promoting in its promotion of the corporate’s Autopilot and absolutely autonomous driving applied sciences. The company alleges the electrical automobile maker misled prospects with promoting language on its web site portraying Autopilot and full self-driving applied sciences as extra succesful than they really are. … Read more

Amazon is buying Roomba maker iRobot in a $1.7 billion cash deal

Remark this story Remark Amazon units are listening, watching, and can quickly clear up after you. The e-commerce big is to accumulate iRobot – finest identified for its Roomba robotic vacuum cleaner – in a $1.7 billion all-cash deal, the most recent leg of its push into the house. From health wearables to streaming units … Read more

Big U.S. jobs gains give Fed ‘much more work to do’ to get inflation under control

The Federal Reserve will face extra urgency in its combat to chill the US financial system with sharp rate of interest hikes after the newest batch of labor market knowledge confirmed an surprising acceleration in earnings. jobs and robust wage progress. Figures launched on Friday allayed fears that the US financial system is both slowing … Read more

Elon Musk’s legal team has publicly filed its official response to Twitter’s lawsuit

Within the response to Twitter’s grievance, which incorporates counterclaims towards the corporate, Musk’s staff makes an attempt to refute the corporate’s allegations that Tesla’s CEO is unfairly making an attempt to stroll away from the deal. His staff repeats allegations that Twitter misreported the variety of faux bot and spam accounts on its platform – … Read more

Warner Bros. Discovery Takes $825M Writedown on Content Following High-Profile DC Cuts and TBS-TNT Cancellations

How a lot Warner Bros. content material? Has Discovery eliminated for the reason that WarnerMedia merger only a few months in the past? $825 million. The corporate revealed in a regulatory submitting on Friday that it had written down $825 million on content material because of the deal. This determine features a $496 million write-down … Read more

India Freezes Binance-Linked WazirX Assets

Representations of cryptocurrencies on this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photograph Be a part of now for FREE limitless entry to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s monetary crime company mentioned on Friday it had frozen the property of WazirX, linked to the world’s largest digital foreign money alternate, Binance, because … Read more

US government bonds fall after hot jobs report

U.S. authorities bonds tumbled and shares tumbled after jobs information confirmed scorching labor circumstances, main merchants to bolster expectations for Reserve rate of interest hikes federal. Treasury yields rose after the carefully watched US jobs report confirmed employers added 528,000 jobs in July, greater than double the 250,000 anticipated by economists and up sharply in … Read more

Pfizer has money to burn – so it could buy this booming biotech

Rumors that Pfizer (PFE) is in “superior talks” to amass World Blood Therapeutics (GBT) for about $5 billion despatched GBT shares hovering for a second straight day on Friday. X World Blood Therapeutics makes a sickle cell therapy referred to as Oxbryta for sufferers ages 4 and older. In keeping with the Wall Road Journal, … Read more

Danger Ahead: The U.S. Economy Has Yet to Face Its Biggest Recession Challenge

An individual removes the nozel from a pump at a gasoline station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Photos You’ll be hard-pressed now to discover a recession within the rear view mirror. What’s on the street, nonetheless, is one other story. There is no such thing as a … Read more

More than 1,100 flights canceled on Friday. Bad weather threatens more

Travelers line up to check in for United Airlines flights at Newark Liberty International Airport on July 1, 2022.

It was one other robust day for US airline passengers, to place it mildly. As of three p.m. Jap Time on Friday, greater than 1,100 flights had been canceled in america, and greater than 3,700 others delayed, in keeping with FlightAware. A few of Friday’s issues may very well be as a result of planes … Read more