HONG KONG (AP) — Baidu, a Chinese search engine and artificial intelligence firm, unveiled its latest electric autonomous driving vehicle on Thursday. The Apollo RT6 will be soon be part of Baidu’s robotaxi fleet, as China pushes forward with its autonomous driving ambitions. It is a fully electric vehicle with a steering wheel that can…
OMAHA, Neb. (AP) — CSX on Wednesday delivered slightly better profit in the second quarter even though volume was flat and the railroad still struggled to handle all the goods companies wanted to ship because it is having a hard time hiring. The Jacksonville, Florida-based railroad said its profits grew 5% to $1.18 billion, or…
United Airlines said Wednesday that it earned $329 million in the second quarter as summer vacationers packed planes, but the results fell far short of Wall Street expectations due largely to soaring fuel prices. United said it will keep flying at current levels instead of growing about 10% in the second half of the year,…
DETROIT (AP) — Tesla’s second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles. But the Austin, Texas, company still surprised analysts Wednesday with a better-than-expected $2.26 billion net profit for the quarter. Tesla stuck with a prediction of…
WASHINGTON (AP) — The United States is putting pressure on Mexico over energy policies that Washington says unfairly favor Mexico’s state-owned electricity and oil companies over American competitors and clean-energy suppliers. The U.S. is demanding talks to resolve the dispute, starting a process Wednesday that could end in trade sanctions against Mexico. “We have repeatedly…
DELTA, Utah (AP) — The coal plant is closing. In this tiny Utah town surrounded by cattle, alfalfa fields and scrub-lined desert highways, hundreds of workers over the next few years will be laid off — casualties of environmental regulations and competition from cheaper energy sources. Yet across the street from the coal piles and…
MADRID (AP) — When José Antonio González started his afternoon shift sweeping the streets of Madrid, the temperature was 40 degrees Celsius (104 degrees Fahrenheit) amid a heat wave gripping Spain. After a long time without a job, González couldn’t afford to pass up a one-month summer contract to sweep the city, where he lived…
BERLIN (AP) — Europe is in an energy crisis, and it means countries will struggle to keep homes warm and industry humming this winter. That is because Russia has slashed Europe’s flows of natural gas, used to power factories, generate electricity and heat homes in the winter. Moscow says deliveries through a major pipeline to…
Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month from May to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors said Wednesday. That’s lower…
Cost cutting helped Biogen beat second-quarter expectations soundly even as revenue slid and sales of the drugmaker’s controversial Alzheimer’s treatment collapsed. Aduhelm, a drug once expected to generate billions in annual sales, brought in only $100,000 in the quarter. That’s down from the $1.6 million in quarterly sales it recorded after hitting the market last…
