business news
Lyft will add 55-cent surcharge to each ride to help drivers with higher gas prices
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Lyft said Wednesday it will add a 55-cent […]
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German start-up aims to generate unlimited clean fusion energy with lasers
Here is an artists’ rendering of a Marvel Fusion power plant and facility. Marvel Fusion Nuclear fusion is the energy that powers stars. If it can be recreated on Earth, it has the potential to provide nearly limitless energy with zero carbon emissions — and unlike nuclear fission, which powers nuclear plants today, fusion does […]
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Ukraine President Zelenskyy invokes Pearl Harbor, Sept. 11 in asking U.S. Congress to help fight Russia invasion
Ukrainian President Volodymyr Zelenskyy on Wednesday invoked the 1941 attack on Pearl Harbor and the Sept. 11 terror strikes on America as he pleaded directly with the U.S. Congress to send more aid to his embattled country to fight against Russia’s invasion. Zelenskyy, who was greeted with at least three standing ovations from an audience […]
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Hydrogen-powered train a step closer to passenger service in Germany
A model of Siemens Mobility’s Mireo Plus photographed in 2019. Nicolas Armer | Picture Alliance | Getty Images Plans to deploy a hydrogen-powered train in the southern German state of Bavaria took a step forward this week after Siemens Mobility and rail operator Bayerische Regiobahn put pen to paper on a leasing contract. The signing […]
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New $599 iPad Air includes the powerful chip used in Macs, but skimps on storage
iPad Air 2022 Todd Haselton | CNBC Apple’s new $599 iPad Air launches on Friday. I’ve been testing it for the past several days and think it’s the best iPad for most people. It’s more powerful and is better than the regular $329 iPad in almost every way, the best mix of features and price […]
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BlackRock’s Rieder sees more downside in the short term and is holding more cash than usual
BlackRock’s Rick Rieder said stocks still have a ways to fall in a period of uncertainty, but they should be higher at the end of the year. Source
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Stocks making the biggest moves premarket: Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. […]
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Apple supplier Foxconn says it has resumed some production in Shenzhen after Covid outbreak
Foxconn employees on the assembly line in Longhua, Shenzhen, China. The company reportedly employed students working overtime at its iPhone factory in Zhengzhou. Qilai Shen | Bloomberg | Getty Images Foxconn, a major assembler of Apple’s iPhones, announced Wednesday that it has partially resumed production in Shenzhen, a Chinese manufacturing hub. The company said earlier […]
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Intel commits $36 billion to making chips in Europe
Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel announced Tuesday that it plans to invest over 33 billion euros ($36 billion) into boosting chipmaking across the European Union […]
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China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks sent the stocks plunging in […]
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