business news
Tesla AI leader Andrej Karpathy announces he’s leaving the company
A Tesla Model S car equipped with Autopilot David Paul Morris | Bloomberg | Getty Images Tesla AI and Autopilot leader Andrej Karpathy announced Wednesday that he’s no longer working for the electric vehicle maker. “It’s been a great pleasure to help Tesla towards its goals over the last 5 years and a difficult decision […]
Read More
Americans are paying record-high prices for new vehicles
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – If investors are looking for signs of a recession or weakening consumer spending, they can skip over new vehicle prices, which hit a new record in June. Fueled by […]
Read More
Apparel prices remain high even as retailers use markdowns to clear excess inventory
A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and stores. But shoppers are still paying more as they refresh the closet. Apparel prices rose 0.8% in June compared to May, and 5.2% […]
Read More
Casino CEOs say the industry isn’t yet seeing signs of recession, but is prepared for a pullback
Evan Savar and Nabu Reyes, both of Nevada, play blackjack with dealer Leah Prerost at the Red Rock Resort after the property opened for the first time since being closed on March 17 because of the coronavirus (COVID-19) pandemic, on June 4, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Las Vegas has […]
Read More
FDA authorizes Novavax Covid vaccine for adults as the first new shots in U.S. in more than a year
In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials. Pavlo Gonchar | LightRocket | Getty Images The Food and Drug Administration has authorized Novavax’s two-dose vaccine for adults ages 18 and over, the fourth Covid shot to get emergency approval in the U.S. […]
Read More
Uber sued by more than 500 women over sexual assault claims
An iPhone displays the Uber ride-hailing app on 26 September 2017, in Hong Kong. studioEAST | Getty Images Uber is being sued by more than 500 women who claim they were assaulted by drivers on the platform. The complaint, filed Wednesday, claims that “women passengers in multiple states were kidnapped, sexually assaulted, sexually battered, raped, […]
Read More
Sen. Lindsey Graham asks federal judge to quash subpoena from Georgia grand jury probing Trump election meddling
Sen. Lindsey Graham (R-SC) speaks during a news conference in response to President Joe Bidens decision to pull all American troops out of Afghanistan by Sept. 11, 2021, on Capitol Hill on Wednesday, April 14, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images Sen. Lindsey Graham of South Carolina has […]
Read More
Panasonic reportedly building new factory in Kansas to produce batteries for Tesla and rest of EV industry
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Panasonic is planning to build a new battery factory in Kansas to produce high-capacity cells for Tesla, according to a report out Wednesday from Nikkei Asia. Kansas Gov. Laura Kelly, a Democrat, has scheduled a news conference in Topeka today at […]
Read More
Barbie movie starring Margot Robbie and Ryan Gosling will be a ‘cultural event,’ Mattel CEO says
Margot Robbie will star as Barbie in an upcoming movie from Mattel and Warner Bros. Mattel | Warner Bros. Mattel CEO Ynon Kreiz isn’t looking to use upcoming theatrical releases just to sell toys. He wants them to stand on their own. Speaking with CNBC’s Julia Boorstin at the Evolve Global Summit on Wednesday, Kreiz spoke […]
Read More
Man charged with rape of girl, 10, who traveled for abortion
Ohio Attorney General Dave Yost speaks in Columbus, Ohio, on Feb. 20, 2020. Julie Carr Smyth | AP A man was arraigned Wednesday in Ohio on charges of raping a 10-year-old girl whose case drew national attention following a doctor’s comments that the child had to travel to Indiana for an abortion because of new […]
Read More