Business and Finance

Tesla Semi Courtesy of Tesla You’re here issued a voluntary recall on the Semi, a first since the company began delivering the heavy-duty electric trucks to customers in December 2022. According deposit reminder posted on the National Highway Traffic Safety Administration website, 35 tractor-trailers were affected. The trucks were built with an electronic parking brake …

Tesla Issues Recall Over Semi-Faulty Brake Module, Rollover Risk Read More »

A Social Security Administration office in San Francisco. Getty Images The Social Security trust funds that about 67 million Americans rely on for their benefits are expected to run out in 2034, a year earlier than expected last year, according to the trustees’ annual report. published by the Treasury Department Friday. Unless Congress intervenes, at …

Social Security Trust Fund Depletion Date Extended to 2034 Read More »

Senator Elizabeth Warren wants banking to be “boring” again after the failures of Silicon Valley Bank and Signature Bank. “What I want to do is put the banks back where they should be, and that’s boring,” Warren, D-Mass., said on CNBC’s “Squawk on the Street” Friday morning. “The bank is supposed to be there to …

Elizabeth Warren wants to make banking boring again Read More »

An inflation gauge that the Federal Reserve closely follows rose slightly less than expected in February, raising hopes that interest rate hikes are helping to dampen price increases. The price index for personal consumption expenditures excluding food and energy rose 0.3% for the month, the Commerce Department reported Friday. That was below the Dow Jones …

Core PCE up 0.3%, less than expected Read More »

A freight barge on the Rhine near the headquarters of the European Central Bank (ECB) at sunset in the financial district of Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe has learned the lessons of the financial crisis and is now in a strong position to face new tensions in its banking system, according …

It’s the US banking system, not Europe’s, that’s of concern, top economists say Read More »

Meredith Whittaker, a former Google executive who is now president of Signal. (Florian Hetz for The Washington Post via Getty Images) Florian Hetzt | The Washington Post | Getty Images Meredith Whittaker played a leading role in the Signal Foundation last year, entering the nonprofit world after a career in academia, government and the tech …

Signal president Meredith Whittaker learned what not to do from Google Read More »

The Wimbledon logo amongst flowers The All England Lawn Tennis and Croquet Club Championships on July 10, 2019 in London, England. vision house | Getty Images Wimbledon has lifted the ban on Russian and Belarusian players from its tournament this year, with players agreeing to sign neutral statements. Last year, players from Russia and Belarus …

Wimbledon lifts ban on Russian and Belarusian players Read More »

Xpeng showroom in Beijing showing the P7 electric sedan. CGV | Visual Group China | Getty Images SHANGHAI — Chinese electric car company Xpeng said on Friday it will roll out its latest assisted driving software to users in metropolitan Shanghai, which its U.S. rival You’re here does not offer in China. Previously, the technology …

Xpeng expands assisted driving tech coverage in Shanghai that Tesla doesn’t offer in China Read More »

A market stall in Madrid, Spain. Analysts are digesting the latest inflation figures outside the euro zone. News Europa Press | Europa Press | Getty Images Eurozone inflation fell significantly in March as energy prices continued to fall, while basic spending rose to a record high. Headline inflation in the 20-member bloc stood at 6.9% …

Eurozone inflation fell in March, but ECB trajectory unclear Read More »

Huawei’s revenue leveled off in 2022 as the company diversified into new areas like cloud computing and automotive technology. But its profits have plunged under pressure from US sanctions and Chinese pandemic controls that have weighed on the Chinese tech giant. Joan Cros | Nurphoto | Getty Images Huawei on Friday reported its biggest annual …

Biggest drop in profits since 2011, turnover stable Read More »