Business

Musk delivers first Tesla truck, but no updates on production, pricing

Musk delivers first Tesla truck, but no updates on production, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on electric truck controls or capacity Semi uses existing Tesla motors to come up with a new Supercharger Dec 1 (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk delivered the company’s first heavy-duty to PepsiCo (PEP.O) on Thursday without offering an …

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Asia-Pacific markets fall as investors seek clarification on China's Covid rule changes

Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …

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Tesla CEO Elon Musk launches first semi-truck deliveries

Tesla CEO Elon Musk launches first semi-truck deliveries

Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, to the Gigafactory in Sparks, Nevada. Tesla Inc. You’re here CEO Elon Musk kicked off deliveries of the company’s first production tractor-trailers on Thursday, speaking on stage at the company’s factory in Sparks, Nevada, with Dan Priestly, the company’s senior manager …

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Tesla CEO Elon Musk launches first semi-truck deliveries

Tesla CEO Elon Musk launches first semi-truck deliveries

Tesla CEO Elon Musk kicks off deliveries of the company’s heavy-duty truck, the Semi, to the Gigafactory in Sparks, Nevada. Tesla Inc. You’re here CEO Elon Musk kicked off deliveries of the company’s first production tractor-trailers on Thursday, speaking on stage at the company’s factory in Sparks, Nevada, with Dan Priestly, the company’s senior manager …

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What's in New York's Illicit Cannabis: Germs, Toxins and Metals

What’s in New York’s Illicit Cannabis: Germs, Toxins and Metals

Some cannabis products sold in unlicensed stores in New York are not only illegal, but also contaminated with harmful bacteria, heavy metals and toxic pesticides, according to an industry report released Wednesday. Lab tests performed on smoking weed, edibles and vaporizers purchased at 20 smokehouses and dispensaries detected prohibited levels of eight different contaminants, including …

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The Fed's favorite inflation gauge slowed in October

The Fed’s favorite inflation gauge slowed in October

Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …

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Stocks rise after data on inflation and jobless claims

Stocks rise after data on inflation and jobless claims

The Dow Jones Industrial Average sold off on Thursday morning after key inflation data. Tech leaders Okta, Splunk and Snowflake posted big earnings-related moves, and Dow Jones Salesforce stock plunged after its quarterly results. Meanwhile, Chinese electric vehicle stocks Li Auto and Nio posted record auto sales. X Inflation data, unemployment insurance claims, income changes …

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S&P 500 Surpasses Key Level;  What to do now

Futures: Inflation data due after S&P 500 crosses 200 days

Dow Jones futures rose Thursday morning, as did S&P 500 and Nasdaq futures. Salesforce.com headlined earnings overnight, but investors will focus on Thursday’s PCE inflation report after Fed chief Jerome Powell sparked a tech-led stock market rally on Wednesday . X The pace of rate hikes could start to slow at the December meeting, Fed …

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How the Collapse of Sam Bankman-Fried's Crypto Empire Disrupted AI

How the Collapse of Sam Bankman-Fried’s Crypto Empire Disrupted AI

SAN FRANCISCO — In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research into “AI security.” Few people in Silicon Valley had heard of the year-long lab, which builds AI systems that generate language. But the amount of money promised to the small company dwarfed what venture capitalists were pouring …

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