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Business News

China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere

01/05/2024 7:05 - More capable autonomous driving is just one way Chinese automakers are threatening to pull ahead — their E.V.s are also becoming bigger and roomier. ...

PG&E Seeks Approval to Sell Stake in Its Power Operations

01/05/2024 3:05 - California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million over 20 years. ...

Tesla Fires Charger Team Amid Hundreds of Layoffs

01/05/2024 3:05 - The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States. ...

Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%

01/05/2024 2:05 - After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading. ...

Binance Founder Sentenced to 4 Months in Prison

01/05/2024 0:05 - Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation. ...

8 Daily Newspapers Sue OpenAI and Microsoft Over A.I.

01/05/2024 0:05 - The suit, which accuses the tech companies of copyright infringement, adds to the fight over the online data used to power artificial intelligence. ...

Even as He Faces Prison Time, Binance’s Founder Plans a Comeback

30/04/2024 22:04 - Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act. ...

Biden Tax Increases Won’t Hit Middle Class, Yellen Says

30/04/2024 22:04 - Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025. ...

Walmart Is Shutting Health Centers After Plan to Expand

30/04/2024 21:04 - The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said. ...

Jeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play

30/04/2024 21:04 - RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders. ...


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