Apple lays off over 600 California employees after shuttering car project
Apple is laying off 614 workers in California, according to a new state filing, the company's first significant round of job cuts since the pandemic.
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Poor resale values of EVs threaten adoption, warn some experts
A car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That's becoming a major barrier to wider adoption, according to some industry and investment experts.
Disney beat back activist investor Nelson Peltz. Now the real work begins
Disney shareholders overwhelmingly voted to keep the company's current board intact during Wednesday's annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor.
China's BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford
BYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla.
Faulty missile launcher closes busy Danish sea lane
An activated but faulty missile launcher on a Danish navy vessel triggered a closure of airspace and shipping traffic in the Great Belt strait on Thursday, the Danish armed forces said.
U.S. Treasury's Yellen returns to China, aiming to stem green tech glut
SHANGHAI -- U.S. Treasury Secretary Janet Yellen arrived in Guangzhou on Thursday, on a mission to stabilize ties with China while pressing officials on industrial overcapacity that looms over the global economy.
Gold as a geopolitical risk hedge: A groundbreaking analysis
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People jump into the sea to escape raging ferry fire in Gulf of Thailand. All 108 on board are safe
BANGKOK (AP) — Panicked passengers jumped into the sea to escape a raging ferry fire in the Gulf of Thailand early Thursday, and all 108 people on board were safe.