By David Shepardson WASHINGTON (Reuters) – U.S auto safety regulators on Tuesday said they have sought additional information from Tesla Inc in its probe into 580,000 vehicles over the automaker’s decision to allow games to be played by passengers on the front center touchscreen. In December, the National Highway Traffic Safety Administration (NHTSA) opened a…
(Reuters) -Texas Instruments Inc on Tuesday forecast current-quarter revenue above expectations and said it would sharpen its focus on chips used in the lucrative automotive and industrial sectors, sending its shares up 4% in extended trading. The company, which also beat fourth-quarter revenue estimates, is boosting capacity as chipmakers try to plug the gap between…
OMAHA, Neb. (AP) — Canadian National railroad on Tuesday named a new CEO and also reached an agreement with the investment fund that has been pushing it to focus more on cutting costs and streamlining its operations. The Montreal-based railroad said Tracy Robinson will take over the top job. She will replace retiring CEO JJ…
By Paul Lienert and David Shepardson (Reuters) -General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. Both U.S. automakers, however, will have to contend with current…
By Eduardo Baptista BEIJING (Reuters) – How will China’s metaverse evolve? Look to the letter “c”. Clean, censored, compliant and crypto-less is the view from experts. The descriptions point to the long shadow thrown by Chinese authorities who have already intimated they will have a heavy regulatory hand in how it will develop – a…
The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or face regular COVID testing requirements. The Occupational Safety and Health Administration confirmed the withdrawal Tuesday. But the agency said it still strongly encourages workers to get vaccinated. In early November, OSHA announced a vaccine-or-test mandate…
SAN SALVADOR, El Salvador (AP) — The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender and strictly regulate the electronic wallet the government has pushed adoption of across the country. The global lender’s board “urged the authorities to narrow the scope of the Bitcoin law by removing…
NEW YORK (AP) — The stock market is losing crucial support from the Federal Reserve. Omicron is causing havoc at businesses around the world. And Russia just might be preparing to invade Ukraine, creating more uncertainty and raising the prospect of even higher oil prices. No wonder investors are freaking out — and selling stocks….
By Nivedita Balu and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday hit Wall Street targets for cloud services revenue, but that was not enough for some of the most optimistic investors and shares fell 4% in extended trade. Investors are seeking assurances that the enterprise cloud business is still growing strongly and will also…
WASHINGTON (Reuters) – U.S. House of Representatives leaders are set to unveil as soon as later on Tuesday a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, aides told Reuters. President Joe Biden’s administration is pushing to persuade Congress to approve funding to help boost chip production in the United…
