Result Page 445 for Latest Business News & Archive

The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Video taken April 17, 2021. SCOTT J. ENGLE via

U.S. Wants Automakers To Collect More 'Black Box' Crash Data

U.S. auto regulators said Wednesday they want to require automakers to collect more crash data from event data recorders (EDRs)- more commonly known as "black boxes."

Musk Says Tesla's New Car Factories 'Losing Billions Of Dollars'

The new Tesla factory is seen in Austin, Texas, U.S. October 8, 2021.

Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday.

Deep Rift Lies Behind Biden's Criticism Of Oil And Gas Industry

U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Of

U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show.

Evusheld is an antibody therapy developed by pharmaceutical company AstraZeneca for the prevention of Covid-19 in immunocompromised patients

New Antibody Therapies Fight Cancer, Drum Up Investment

New antibody therapies fight cancer, drum up investment

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Russian Oil Tankers Get India Safety Cover Via Dubai Company

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

Exclusive: Russian Oil Tankers Get India Safety Cover Via Dubai Company

India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

Cargo shipping containers are seen at a storage yard in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022 with a drone.

U.S. Refiners To Urge White House Not To Ban Fuel Exports -sources

U.S. refiners will try to convince the Biden administration not to ban exports of U.S.

Traders are awaiting the release of key US jobs data later Friday

US Economy: Recession, Inflation Fears Fuel Companies’ Backtracking On Hiring Plans

Many companies are slowing down or freezing hiring efforts as well as rescinding job offers amid inflation and fears of a potential recession.

Gas is flared at the state energy company Petroleos Mexicanos (Pemex) Perdiz Plant, which is unable to process the vast volumes of gas sent from the Ixachi field, outside of Tierra Blanca, Mexico May 4, 2022. Picture taken May 4, 2022.

Exclusive-Mexico Regulator Probes Pemex Over Gas Flaring At Another Giant Field -sources

Mexico's hydrocarbon regulator is investigating state oil company Petroleos Mexicanos (Pemex) over suspected excessive natural gas flaring and other violations at another giant field, according to two sources with direct knowledge of the matter.

The Trans Mountain pipeline, whose pieces are seen here at a storage lot in Abbotsford, Canada in June 2021 waiting to be assembled, is no longer profitable, the office of the Parliamentary Budget Officer concluded in a report

Troubled Canada Pipeline No Longer Profitable: Budget Watchdog

Troubled Canada pipeline no longer profitable: budget watchdog

U.S. President Joe Biden delivers remarks at an event marking Amtrak's 50th Anniversary, at the 30th Street Station in Philadelphia, Pennsylvania, U.S., April 30, 2021.

USTR Tai Calls U.S. Tariffs On Chinese Goods 'Significant' Leverage

U.S. Trade Representative Katherine Tai on Wednesday said that she views tariffs on Chinese goods as "a significant piece of leverage" in the U.S.-China trade relationship and removing them would likely have a limited effect on controlling short-term inflation.

A customer signs the credit card pad as he pays for a purchase at Macy's in New York November 26, 2010.

U.S. Consumer Watchdog Issues Review Of Excessive Credit Card Fees

The top U.S. consumer watchdog on Wednesday unveiled a measure that would scrutinize excessive credit card fees and demand card issuers disclose more data around revenue and expenses in a bid to stamp out abuses and boost competition.

Electric Vehicles Could Take 33% Of Global Sales By 2028-AlixPartners

Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.

US Federal Reserve Chair Jerome Powell said the economic picture is favorable although some of the data may not be as good as it looks

US Fed Chair Admits Recession A 'Possibility' After Rate Hikes

US Fed chair admits recession a 'possibility' after rate hikes

Gas prices have risen as the US economy recovered amid an overall spike in consumer price inflation

Inflation Is Widening The Gap Between North And South

Southern states are among the hardest hit by inflation, according to a new survey.

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford

Costco Fall Store Openings 2022: Here’s Which Locations Are Coming Near You

Costco will open even more locations this fall as part of its continued expansion plans that it laid out earlier this year.

Wikipedia has inked a partnership with Google

Google Agrees To Pay For Beefed-up Wikipedia Service

Google has agreed to pay for ramped-up Wikipedia services, part of a growing trend for the U.S. tech giant to strike commercial deals with other web companies.

In a call last week, Chinese President Xi Jinping (R) assured his Russian counterpart Vladimir Putin (L)that China would support Russia on 'sovereignty and security'

Xi Warns About 'Expanding Military Alliances' At BRICS Summit: State Media

Xi warns about 'expanding military alliances' at BRICS summit: state media

Shopify Unveils New Tools, Twitter Tie-up To Beat E-commerce Slowdown

Shopify Inc has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter a post-pandemic slowdown in online shopping.

A specialist trader is reflected in a screen at his post on the floor of the New York Stock Exchange, August 21, 2015.

Navigating M&As Amid Murky Markets

Dealing with mergers and acquisitions during turbulent economic times can be tricky, but they don't have to be.

Ford Sees 'Significant' Job Cuts As It Picks Spain For EV Production

Ford Motor Co said on Wednesday it will start producing electric vehicles in Spain later this decade but that would imply "significant" job cuts at its Spanish factory and another one in Germany amid its ambitious electrification push in Europe.

A Red Air jet is seen after catching fire while landing at Miami International Airport on June 22, 2022

Passenger Jet Catches Fire While Landing At Miami Airport

Passenger jet catches fire while landing at Miami airport

Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, U.S., March 29, 2021. Picture taken March 29, 2021.

Auto Industry CEOs Urge Congress To Quickly Pass Chips Funding

Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S.

Employees work as Japan's biggest power generator JERA prepares for restart of some aged units while building new units at its Anegasaki gas-fired power station in Chiba, near Tokyo, Japan June 22, 2022.

Japan's JERA Prepares To Revive A Second Aged Power Unit At Anegasaki

JERA, Japan's biggest power generator, has started preparation work to restart another aged power generation unit at its Anegasaki thermal power station, near Tokyo, to help the region avoid any power crunch during the peak winter demand season.

Bidders Weigh Offers Valuing Toshiba At Up To $22 Billion-sources

Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.

Wall Street Ends Little Changed After Powell Remarks

Wall Street's main indexes ended little changed in choppy trading on Wednesday after Federal Reserve Chair Jerome Powell spoke to the central bank's aim to bring down inflation.

Tech-heavy Nasdaq Turns Positive After Powell's Remarks

Wall Street's main indexes cut losses and the Nasdaq turned positive on Wednesday after Federal Reserve Chair Jerome Powell said the U.S.

US President Joe Biden is seeking a temporary federal gas tax holiday as prices across the country soar

Biden Seeks Fuel Tax Suspension To Help Fight Inflation Pain

Biden seeks fuel tax suspension to help fight inflation pain

Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022.

Biden Asks Congress For Gas Tax Holiday To Lower Record Pump Prices

U.S. President Joe Biden on Wednesday called for a three-month suspension of the federal gasoline tax to combat record prices, but opposition from lawmakers within his own party suggests the request may never be met.

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022.

EU Signals Shift To Coal, Accuses Russia Of 'Rogue Moves' On Gas

The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer term climate goals, an EU official said on Wednesday as a tight gas market and soaring prices set off a race for alternative fuels.

The euro sign is photographed in front of the former headquarters of the European Central Bank in Frankfurt, Germany, April 9, 2019. Picture is taken on slow shutter speed while the camera was moved.

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