Elon Musk's decision to lay off the department responsible for Tesla's electric vehicle chargers has raised concerns that other automakers will have trouble joining Tesla's EV network.
Peloton Cutting 400 More Jobs; CEO Stepping Down
Peloton is cutting about 400 jobs, with CEO Barry McCarthy stepping down, as the company continues a restructuring effort.
J&J Subsidiary Proposes Paying $6.48B Over 25 years to Settle Cancer Lawsuits
A subsidiary of Johnson & Johnson is proposing to pay $6.48 billion over 25 years as part of a settlement to cover allegations that its baby powder containing talc caused ovarian cancer.
Federal Reserve Holds Interest Rates Steady at Two-Decade High
The Federal Reserve on Wednesday said it doesn’t plan to cut interest rates until it has 'greater confidence' that price increases are slowing sustainably to its 2% target.
Ford Recalls Maverick Pickups Due to Tail Light Flaw
Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate.
Walmart Launches Largest Private Grocery Brand in Decades
The launch from the country’s largest retailer comes as the company seeks to appeal to younger customers who are not loyal to grocery brands.
Increasing Wildfire Risk Leaves States Studying How to Address Insurance Gaps
Insurance providers, state officials and researchers are balancing how to keep property insurance companies in operation, but still keep residents and businesses protected, in wildfire risk areas.
Former Binance Founder Changpeng Zhao Sentenced to Four Months in Prison
Former Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing money laundering on the world’s largest cryptocurrency exchange.
Walmart to Close All Health Clinics, Shut Down Virtual Care Service
Walmart is closing its health centers and virtual care service after struggling to find success, the U.S. retailer said Tuesday.
Microsoft Invests $1.7 Billion in Indonesia AI
Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia.
Williams-Sonoma to Pay $3.2 Million for False 'Made in USA' Claims
Williams-Sonoma was charged with advertising multiple products as being 'Made in USA' when they were in fact manufactured in other countries, including China.
US Opens Investigation Into Fatal Crashes Involving Ford Blue Cruise
Two fatal crashes involving Ford's Blue Cruise partially automated driving system have drawn the attention National Highway Traffic Safety Administration.
Testing Has Begun for Driverless Semi Trucks on U.S. Highways
Within three or four years, Aurora Innovation and its competitors expect to route thousands of self-driving tractor-trailer trucks on America’s freeways.
Philips Will Pay $1.1B to Settle Breathing-Machine Lawsuits
Medical device manufacturer Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. in connection with its defective sleep apnea machines.
Supreme Court Rejects Musk Case About Tweets That Require Tesla Approval
The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.
