News
Best Buy sales drop as inflation hits consumer electronics
Best Buy reported a smaller-than-expected drop in quarterly comparable sales on Tuesday. The retailer sales dropped by about 13% in...
First Solar announces new U.S. plant following the Inflation Reduction Act
First Solar will build a new solar panel manufacturing facility in the U.S., the company announced on Tuesday. The Tempe,...
Elon Musk says the world needs more oil and gas
The world must continue to extract oil and gas or civilization will crumble, Tesla CEO and founder Elon Musk said...
NASA scrubs launch of Artemis I moon mission after engine issue
NASA's Artemis I moon mission was postponed after problems with one of the rocket's four engines, the agency reported early...
Honda, LG Energy plan $4.4 billion EV battery Plant in U.S.
Japanese car maker Honda and South Korea’s battery supplier LG Energy Solution will set up a new lithium-ion battery plant...
Panasonic plans additional $4 billion U.S. EV battery plant
Panasonic is in talks to build an additional $4 billion electric vehicle battery plant in the U.S., the Wall Street...
Fed chair Jerome Powell warns fight against inflation will bring ‘some pain’
The U.S. economy will need tight monetary policy for some time before inflation is under control, Federal Reserve Chair Jerome...
Moderna sues Pfizer/BioNTech over Covid vaccine technology
Moderna is suing Pfizer and BioNTech for patent infringement in the development of the first U.S. Covid-19 vaccine approved, the...
Peloton reports $1.2 billion loss, decline in revenue
Peloton quarterly revenue came in below Wall Street estimates. The fitness company's losses amounted to $1.2 billion for the second...
Citigroup plans to wind down Russian consumer operations
Trying to reduce its operations and exposure, Citigroup will close its consumer and commercial banking businesses in Russia starting this...
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