Blog

Tesla delivers record Q4 cars, but China’s BYD steals top EV spot

reuters | January 3, 2024

By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed […]

More EVs lose US tax credits including Tesla, Nissan, GM vehicles

reuters | January 2, 2024

By David Shepardson WASHINGTON (Reuters) -Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla Model 3s and Chevrolet Blazer EV, the U.S. Treasury said. The Treasury issued guidelines in December detailing new battery […]

Oil prices settle down 3% as Red Sea shipping disruptions ease

reuters | December 28, 2023

By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March delivery settled down $2.39, or 3%, at $77.15. Brent futures for […]

Apple can temporarily sell smartwatches after US appeals court win

reuters | December 27, 2023

By Blake Brittain and Jaspreet Singh (Reuters) -Apple can for now resume sales of its flagship smartwatches, after a U.S. appeals court on Wednesday paused a government commission’s import ban on the devices imposed in a patent dispute over its medical monitoring technology. The tech giant had filed an emergency request asking the U.S. Court […]

US offshore wind poised for success next year after turbulent 2023

reuters | December 22, 2023

By Scott DiSavino NEW YORK (Reuters) – The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. […]

Apple cannot repair older out-of-warranty watches during ban – Bloomberg News

reuters | December 21, 2023

(Reuters) -Apple customer service teams were informed in a company memo this week that it will no longer replace out-of-warranty models going back to Apple Watch Series 6, Bloomberg News reported on Thursday. The iPhone maker had said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the U.S. […]

Crypto miner Core Scientific expects to emerge from bankruptcy in January

reuters | December 21, 2023

(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a rout in crypto tokens. The Austin, Texas-based company said it has reached an in-principle agreement with all key stakeholders on the terms of […]

Oil settles up on Red Sea tensions; gains capped by US stock builds

reuters | December 20, 2023

By Laura Sanicola (Reuters) -Oil prices settled slightly higher after a choppy trading session on Wednesday as investors worried about global trade disruption and tensions in the Middle East following attacks on ships by Yemen’s Iran-aligned Houthi forces in the Red Sea. Limiting price gains were a surprise U.S. crude inventory build, larger than expected […]

FTX resolves dispute with Bahamian liquidators

reuters | December 20, 2023

By Dietrich Knauth (Reuters) -Bankrupt crypto exchange FTX Trading on Tuesday announced a settlement with liquidators for FTX’s Bahamas unit, resolving a long-simmering dispute over whether the company’s U.S. bankruptcy proceedings should take precedence over the Bahamian liquidation. FTX and FTX Digital Markets have agreed to pool their assets and harmonize their approach to valuing […]

US SEC says no to new crypto rules; Coinbase asks court to review

reuters | December 16, 2023

By Chris Prentice, Michelle Price and Mike Scarcella WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, in a 3-2 vote, said […]

« Previous PageNext Page »