SACRAMENTO, Calif. (AP) — California sued Tesla Inc. on Wednesday over allegations of discrimination and harassment of Black employees at its San Francisco Bay area factory. The suit, filed in Alameda County Superior Court, was sparked by hundreds of worker complaints, said Kevin Kish, head of the state’s Department of Fair Employment and Housing. The…
BANGKOK (AP) — Shares were mostly lower Friday in Asia after a sell-off on Wall Street spurred by news that U.S. inflation jumped 7.5% in January, which raised expectations the Federal Reserve will need to move forcefully to cool the economy by raising interest rates. The hottest inflation reading since 1982 sent the S&P 500…
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the…
SAN RAMON, Calif. (AP) — Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business. The San Francisco-based company’s fourth-quarter results Wednesday came in above analysts’ projections. But…
SAN RAMON, Calif. (AP) — Samsung is trying to reclaim lost ground in the coveted high end of the smartphone market with a new lineup of Galaxy S models designed to appeal to consumers who are increasingly sharing videos of their antics on TikTok, Facebook, YouTube and other popular apps. Although the Galaxy S22 phones…
LONDON (AP) — Britain’s departure from the European Union has brought higher costs, more red tape and border delays for businesses, and not yet delivered promised benefits, a public spending watchdog said Wednesday. A day after Prime Minister Boris Johnson appointed a “Brexit opportunities” minister, Parliament’s Public Accounts Committee said that the “only detectable impact”…
DETROIT (AP) — Tesla is recalling nearly 27,000 vehicles in the U.S. because the cabin heating systems may not defrost the windshield quickly enough, cutting visibility and increasing the risk of a crash. The latest in a series of recent recalls covers certain 2021 and 2022 Models 3, S, and X, and some 2020 through…
COVID-19 vaccines and the return of customers to stores helped push CVS Health well past fourth-quarter earnings expectations. But the pandemic’s unpredictability is making the drugstore chain and pharmacy benefit manager cautious. It did not raise a 2022 forecast it laid out in December, and its shares slid on Wednesday. Vaccines that boosted fourth quarter…
TOKYO (AP) — Japan has decided to divert some of its gas reserves to Europe amid growing concern over possible disruptions of supplies due to the Ukraine crisis, Economy, Trade and Industry Minister Koichi Hagiuda said Wednesday. The decision was made at the request of the United States and European Union and is intended to…
BRATISLAVA, Slovakia (AP) — Slovakia’s parliament and president on Wednesday approved a defense military treaty with the United States. The Defense Cooperation Agreement passed 79-60 in the 150-seat legislature in a vote split between lawmakers from the four-party ruling coalition and the opposition. The treaty allows the U.S. military to use two Slovak air force…
