Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow year over year, Spiegel says the… Continue reading Snap says it will miss this quarter’s revenue goals and slow hiring
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Starlink’s new RV plan lets buyers skip the line if they pay more for worse service
SpaceX’s Starlink is still scaling up its constellation of internet satellites, and the service is only intended for use at the specific location where the user is registered. But as we noted earlier this month, for an additional $25 per month, it will let users take their dish somewhere else every now and then with… Continue reading Starlink’s new RV plan lets buyers skip the line if they pay more for worse service
Relationships are hard work. Suppliers say Chrysler parent Stellantis needs to try harder
Chrysler parent Stellantis has the worst working relations with North American automotive suppliers of six major automakers, according to a closely watched annual study of supplier perceptions. While all six automakers — Toyota, Honda, General Motors, Ford, Nissan and Stellantis — maintained their positions relative to their competitors in Plante Moran’s 22nd annual North American… Continue reading Relationships are hard work. Suppliers say Chrysler parent Stellantis needs to try harder
A Woman Alone in Oman: Three Weeks Along the Arabian Coast
I could barely tell where the salt ended and the sky began. I was on my way to Masirah, Oman’s largest island, when the surrounding terrain turned into a massive salt flat. At its edge, near the road, two Bangladeshi workers were up to their ankles in the mixture of liquid and minerals, pushing the… Continue reading A Woman Alone in Oman: Three Weeks Along the Arabian Coast
Judge Reduces $137 Million Penalty Against Tesla in Racism Case
A federal judge has significantly reduced a $137 million damages award against Tesla in a lawsuit by a worker who said he had encountered racism on the job in the electric-car maker’s assembly plant. The jury’s award, delivered in October, was pared to $15 million on Wednesday by Judge William H. Orrick of the U.S.… Continue reading Judge Reduces $137 Million Penalty Against Tesla in Racism Case
Ford and Stellantis say car sales fell at the start of the year.
Ford Motor said on Monday that its new-vehicle sales in the United States fell 17 percent in the first three months of the year, in line with other automakers that are struggling to keep their factories running amid a global shortage of computer chips. Ford said it had sold 429,174 cars and light trucks in… Continue reading Ford and Stellantis say car sales fell at the start of the year.
Tesla, Unlike Other Carmakers, Reports Big Sales Increase
Tesla, the world’s leading electric car company, on Saturday reported a steep increase in worldwide sales in the first three months of the year as it overcame supply chain problems and moved closer to production levels on a par with established luxury carmakers like BMW and Mercedes-Benz. Tesla said it delivered 310,000 vehicles from January… Continue reading Tesla, Unlike Other Carmakers, Reports Big Sales Increase
Biden Invokes Defense Production Act to Boost Critical Mineral Supply
The United States imported more than half its supply of at least 46 minerals in 2020, and all of its supply of 17 of them, according to the U.S. Geological Survey. Many of the materials come from China, which leads the world in lithium ion battery manufacturing and has been known to shut off exports… Continue reading Biden Invokes Defense Production Act to Boost Critical Mineral Supply
Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has earmarked for its new EV plant and battery manufacturing facility in Georgia announced Friday. Non-affiliated suppliers are contributing another $1 billion into that… Continue reading Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Money order vs. cashier’s check: What’s the difference?
(Image: USPS) Money order or cashier’s check helps when you need money in a flash and a traditional check just won’t do. But what is the difference between the two? Here we help break down the difference between a money order and a cashier’s check so you can make the right decision for your finances,… Continue reading Money order vs. cashier’s check: What’s the difference?