Tesla plans to spend more than $770 million on Texas factory expansion
The Elon Musk-led automaker officially opened its Texas factory in April 2022, and builds some of its Model Y crossover vehicles there.
Powell reiterates Fed is not going to become a ‘climate policymaker’
Powell said that climate change is not a main consideration for the Fed when developing monetary policy.
Sen. Bernie Sanders urges Moderna not to hike price of Covid-19 vaccines
Sanders, the incoming chair of the Senate health committee, called the price increase “outrageous” in a letter to Moderna CEO Stephane Bancel.
Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation
Bowman said Tuesday she expects more interest rate increases ahead, with higher rates to prevail for a while until inflation is subdued.
Amazon workers press company on climate change response after Pakistan floods
The company moved to limit internal activism on climate change before the pandemic. But the efforts live on.
Capella Space raises $60 million from fund run by billionaire entertainment exec Thomas Tull
San Francisco-based satellite imagery specialist Capella Space raised $60 million from the U.S. Innovative Technology Fund of billionaire Thomas Tull.
Americans lean more on credit cards as expenses stay high: 46% of cardholders now carry debt from month to month
More Americans carry credit card debt from month to month as living expenses stay high, according to a new report by Bankrate.
Amazon expands its service that adds Prime badge to other sites
The Buy with Prime program, first announced last April, allows Prime members to check out on other retailers’ sites using their Amazon account.
Coinbase to slash 20% of workforce in second major round of job cuts
CEO Brian Armstrong pointed to more pressure on the crypto sector thanks to “unscrupulous actors in the industry.”
California’s ‘endless onslaught’ of severe weather forces thousands to flee their homes and leaves 1 dead
Dozens of water rescues had to be carried out Monday and overnight as California was hammered by a “parade of cyclones” that turned streets into rivers, swept away vehicles and downed trees.
