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When Tesla announced last fall that it was moving its corporate headquarters from California to Texas, officials in Sacramento seemed more surprised than concerned.
After all, Tesla was expanding its sprawling Fremont, Calif., assembly plant, which already employs thousands of people. It’s building a battery factory in the Northern California town of Lathrop. READ MORE
With Web3 touted as the next evolutionary stage of the internet, businesses and investors are eagerly hopping on the bandwagon. Tech giants including Alphabet, Facebook-owner Meta and Microsoft are staking their claim in the emerging blockchain-based economy, some non-fungible token companies are already valued in the billion, and cryptocurrency trading platforms are experiencing hockey stick-like growth. READ MORE
The trend toward speedy, last-mile delivery has grown exponentially worldwide in the past five years. According to a study by Clutch, online shoppers now typically receive packages within two to three days. But there are still limitations.
As it turns out, two-day delivery is no longer enough, not for consumers or for e-commerce leaders wanting to provide the ultimate customer experience. The aspiration now is for near-instant delivery and at no extra charge. READ MORE
There's no silver bullet to the climate crisis, but nuclear fusion may be the closest thing to it. In the quest for a near-limitless, zero-carbon source of reliable power, scientists have generated fusion energy before, but they have struggled for decades to sustain it for very long. READ MORE
The most authentic space in the workplace is the bathroom. It’s the place where employees go to find momentary solace, to break down, to text their significant other, to face themselves in the mirror. Office bathrooms (or their pandemic alternative, the private Slack channel) are where workers vent about toxic corporate culture. They’re where schemes for solidarity are assembled. Office bathrooms are where people go to bare their physiological and emotional realities away from company judgment. READ MORE
Americans tuning in to the Super Bowl on Sunday will be inundated with ads from cryptocurrency companies, including the trading platform FTX, which plans to give away millions of dollars in bitcoin.
FTX has spent heavily on sports partnerships to try to make itself a brand name in crypto, including an ad with NFL star Tom Brady, a sponsorship with Major League Baseball and a $135 million deal to rename the Miami Heat’s stadium the FTX Arena. READ MORE
SoftBank's record-breaking sale of a prized chip designer to Nvidia has officially been called off.
At an initial value of $40 billion, the US chipmaker's acquisition of British design firm ARM would have been the largest semiconductor deal on record. READ MORE
Remember the days when working at a hot early-stage startup meant trekking to an office in a major tech center like Silicon Valley or Boston?
These days, a commute is not necessarily required. At scores of venture-backed companies, the ability to work from home is already the status quo—a perk as ingrained as office-based enticements like free coffee and snacks. READ MORE
The churn in the American job market is without precedent.
A record number of American workers quit their jobs last year — of the 68.9 million separations in 2021, 47.4 million jobs were left voluntarily. READ MORE
With plans to onboard 100,000 new employees, Home Depot is making job offers (almost) on the spot. Other businesses might want to follow suit. READ MORE
Scientists at MIT have developed a material that is as light as plastic — but stronger than steel. They believe the material could revolutionize the car, mobile phone and building industries. READ MORE
The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. READ MORE
As America seeks to train workers for the hundreds of thousands of new infrastructure jobs that are being created, it will have to lean heavily on community colleges.
But these workhorses of workforce development are facing some infrastructure issues of their own. READ MORE
Peloton (PTON) has a target on its back.
The company's exercise bikes were a huge hit early in the pandemic. Now, it's struggling to maintain its growth as people spend more time outside their homes — and would-be buyers are circling. READ MORE
President Joe Biden loves electric vehicles.
He wants half of all new US cars sold by 2030 to be EVs. He proposed a series of incentives to help make that happen -- including tax credits for buyers and government support for charging stations. READ MORE
U.S. Commerce Secretary Gina Raimondo warned during a call with reporters on Friday that there will be no quick fix to resolve the semiconductor shortage contributing to supply chain disruptions causing a ripple effect across the economy. READ MORE
The Covid-19 pandemic has laid bare the vulnerabilities in America's domestic manufacturing base. The nation's reliance on globally fragmented supply chains has led to shortages of everything from personal protective equipment to semiconductors to shipping containers. And these supply weaknesses have been a primary driver of elevated price increases. READ MORE
As the media recently noticed, President Joe Biden has a long history of overpromising and under-delivering. For many politicians, such overpromises are forgiven – or just forgotten. But presidents’ words are closely parsed, which makes Biden’s statements about job creation at last week’s press conference so bewildering. READ MORE
For once since 2022 began, Thursday featured some good news on the economy.
Last year’s fourth quarter and full year growth checked in at unexpectedly strong levels and Apple (AAPL) posted a record quarter, two recent instances where data or earnings haven’t disappointed investors. In spite of a litany of reasons like Omicron, inflation, impending rate hikes and a snarled supply chain, the world’s largest economy somehow finds new ways to defy expectations. READ MORE
Executive Vice President of Public Affairs at the National Restaurant Association Sean Kennedy argued on Thursday that the industry is currently "struggling" to keep doors open, noting that the vast majority of owners say conditions are worse now compared to a few months ago. READ MORE