Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more

[ad_1] U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up … Read more

Nissan says it will make next-generation EV batteries by early 2029

[ad_1] YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector. But Nissan, like … Read more

Nissan says it will make next-generation EV batteries by early 2029

[ad_1] YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector. But Nissan, like … Read more

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

[ad_1] DETROIT — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by … Read more

Argentina’s populist president meets billionaire Elon Musk in Texas — and a bromance is born

[ad_1] BUENOS AIRES, Argentina — One is an erratic billionaire entrepreneur and self-declared free-speech absolutist, prone to profanity-laden rants against “wokeness” and obsessed with making humanity a multi-planetary species. The other is an iconoclastic Latin American leader and self-declared anarcho-capitalist, prone to cloning his dead dogs and obsessed with destroying state controls. Tech executive Elon … Read more

Driver of electric Ford SUV was using automated system before fatal Texas crash, investigators say

[ad_1] DETROIT — The driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company’s partially automated driving system before the wreck, federal investigators said Thursday. Data from the 2022 Mustang Mach E SUV showed that Ford’s “Blue Cruise” driver-assist system was in use ahead of the Feb. … Read more

President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk

[ad_1] BUENOS AIRES, Argentina — President Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he’ll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina’s embattled economy. The populist president started his four-day trip in Miami, home to Argentine soccer superstar Lionel … Read more

US will push China to change policy that threatens American jobs, Yellen says

[ad_1] BEIJING — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. She also said in Beijing they had “difficult conversations” about national security, including American concerns that Chinese companies … Read more

Will China flood globe with EVs, green tech? What’s behind latest US-China trade fight

[ad_1] WASHINGTON — China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up … Read more

Japanese leader visits new chip factory, stressing ties with Taiwan and support for key technology

[ad_1] TOKYO — Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than 1 trillion yen ($7 billion) of support to secure a steady supply of chips on Saturday. “I believe this project will have positive ripple effects throughout Japan. It is key for not only the … Read more