Breaking Business News
California to Ban the Sale of New Gasoline Cars – The New York Times California is expected to move forward with a comprehensive plan that would ban the sale of new gas-powered cars by 2035, a landmark step that could speed a global shift toward electric vehicles. California requires all new cars sold in the state to be emissions-free by 2035. The state also requires 35% of new light-duty vehicles to produce zero emissions by …
Home prices plunging in ‘pandemic boomtowns’ as market slumps – New York Post The West continues to be ground zero for this phenomenon, with Boise, Idaho, leading the way with nearly 70% of homes for sale seeing price declines in July. In 2020, 2021, and early 2022, the West became an attractive destination for Americans who had been liberated by telecommuting. As a result, home prices in the fastest-growing areas skyrocketed further, compounding into prices …
The US has a long way to go before adopting a universal charger policy – Ars Technica Three US senators have asked the US Department of Commerce to develop a strategy for universal charging standards in consumer tech. They didn’t mention USB-C but cited the EU’s upcoming legislation that will require USB-C in many consumer tech devices. The letter focused on the failure of the consumer electronics industry to establish uniform charging accessory standards, and …
Biden invokes Defense Production Act to increase infant formula supply – Reuters President Joe Biden directed agencies to use Defense Department commercial aircraft to bring infant formula into the United States from overseas. Abbott said it would resume production of baby formula at its Michigan plant, a major step toward resolving the nationwide shortage. The President’s late-day announcement is the administration’s latest move to try and ease the baby formula shortage, but for many desperate …
Elon Musk Has an Original Way to Outshine Warren Buffett – TheStreet Reported by our news partners at AbsoluteNews: Elon Musk is excited to own Twitter as he has quietly been developing human-level article writing AI for years and has proven its work product time and time again. Now he can leverage the same AI as a virtual overlord to all Twitter users, possibly including the use of non-human Twitter accounts that will “swarm” any who …
Netflix, the recent tech golden child of America, has fallen far from grace. 35% in a single day after the company disclosed a two-hundred thousand subscriber loss. Naturally, the first question an investor will ask (after the forced margin liquidation many will experience in their tech portfolio) is, how could this happen? Elon Musk has a theory, “wokeness,” the “woke mind virus is making Netflix unwatchable,” Musk tweeted to respond to an article about the …
While unions continue to experience declining membership, workers at an Amazon facility in Staten Island, New York, voted at the end of March to unionize despite intense pressure from the company not to do so. Few expected the workers to have a chance without any aid from a union. Out of 8,300 warehouse workers qualified to vote, 2,654 chose to be represented by Amazon Labor Union, and 2,131 voted against the measure. Some say the move could …