Auto workers worry it takes less labor to build electric cars. Maybe not, some researchers say
A traditional car engine is a complex wonder of engineering, with pistons moving up and down, springs compressing and decompressing, spinning shafts, opening and closing valves and spinning gears meshing together. That's not to mention a transmission, connecting the engine to the wheels, that's a complex machine all its own. An electric motor, on the other hand, is really just some magnets wrapped in wires and it only needs a single speed transmission. That simplicity worries the United Auto Workers union.
2023-10-06 21:58
Eligible electric and plug-in vehicle buyers will get US tax credits immediately in 2024
Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. income tax credits at the time of purchase
2023-10-06 21:50
Pioneer shares jump on merger talks with Exxon
Shares of Pioneer Natural Resources rose 10% in premarket trading on Friday following reports that top U.S. oil
2023-10-06 21:26
Instant view: US job growth smashes expectations, raising prospects for rate hikes
U.S. job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve
2023-10-06 21:22
US Regulators Weigh Penalizing Bankrupt Crypto Lender Voyager’s Ex-CEO
Investigators at a key US regulator have concluded that the co-founder of Voyager Digital Ltd. broke derivatives regulations
2023-10-06 20:25
EV Maker Lucid’s $338,000 Loss Per Car Is Turning Investors Off
The diverging fortunes of the two most prominent electric vehicle startups in the US show Wall Street is
2023-10-06 20:23
Snap Gets Enforcement Notice From UK Watchdog on AI Chatbot
The UK’s Information Commissioner’s Office issued Snap Inc., the maker of the Snapchat app, with a preliminary enforcement
2023-10-06 19:53
Chevron Australia LNG workers back strike threat in second meeting, no talks
By Lewis Jackson (Reuters) -Workers at Chevron's two liquefied natural gas (LNG) facilities in Western Australia voted to restart strikes
2023-10-06 19:49
It's the last day of the largest health care strike in US history
The largest health care strike in US history is now in its third, and final, day.
2023-10-06 18:45
Futures muted as investors await key jobs data
Futures tracking Wall Street's main indexes were subdued on Friday as investors awaited a crucial jobs report to
2023-10-06 18:28
China's economy will be hobbled for years by the real estate crisis
China's robust growth, one of the fastest sustained expansions for a major economy in history, was propelled for decades by a housing boom fueled by a rising population and urbanization.
2023-10-06 18:27
Nestle shares at two-year low as investors weigh Wegovy rollout
Nestle shares were under pressure on Friday as investors weighed the potential impact of Novo Nordisk's blockbuster weight-losing
2023-10-06 17:45