Elon Musk Calls Tesla’s New Car Factories ‘Gigantic Money Furnaces’

Tesla Inc.’s TSLA -0.40% two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview. The company’s plants in Germany and Texas, which opened earlier this year, are “gigantic money furnaces,” the Tesla chief executive … Read more

Twitter Adds Shopping Feature for Shopify Merchants

Twitter and Shopify said they are teaming up to make it easier for people to buy items that Shopify merchants post on Twitter. Shopify merchants will be able to display and automatically update up to 50 items for sale on their Twitter profile, the companies said Wednesday. Users will be able click on items and … Read more

Facebook Parent Meta Agrees to End Alleged Discriminatory Practices in Housing Ads

WASHINGTON—Facebook parent Meta Platforms agreed Tuesday to adopt new online advertising practices to settle an investigation by federal officials, who said its ads discriminated against users by race, gender and other factors. In a filing in federal district court in New York, the Justice Department and federal housing officials said they would settle housing discrimination … Read more

Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO

HONG KONG—One of China’s top lithium producers began marketing what is expected to be Hong Kong’s largest initial public offering so far this year, braving recent market volatility to test global investor appetite for shares of new-energy companies. Tianqi Lithium Corp. 002466 -1.01% is aiming to raise more than $1 billion in a listing on … Read more

Tamil Nadu: Health technology set for growth spurt – ET HealthWorld

Chennai: For a state that is a hub for medical tourism, Tamil Nadu figures low as a healthcare innovation and R&D hub. Barring medical devices manufacturing, it has lost out to neighbours Telangana and Karnataka. However, industry trackers say there are green shoots. Most experts TOI spoke to pin their hopes on the IIT-Madras ecosystem. … Read more

China’s Covid Fallout Flattens JD.com’s Online Birthday Bash

SINGAPORE—Chinese online shopping giant JD.com Inc.’s JD 5.19% midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent restrictions under the country’s zero-Covid policy. JD.com said Monday that turnover on its platforms during this year’s June 18 shopping festival, known … Read more

Apple Employees at Maryland Store Vote to Unionize

Apple Inc. AAPL 1.15% employees at a retail store outside of Baltimore voted to unionize on Saturday. The move creates the first union of Apple retail employees in the U.S. The store employs more than 100 people who were eligible to vote, according to the National Labor Relations Board, the federal agency that is overseeing … Read more

YouTube Shorts Is Huge In India, Now It’s Going After TikTok in the U.S.

When Jonothon Lyons began dressing up as “Buddy the Rat” and filming his antics around New York, he had no idea he was laying the foundation for a massive social-media following. Especially one with viewers primarily in India. Mr. Lyons posts his videos on YouTube Shorts, joining the creators who have helped the two-year-old short-form … Read more

The Crypto Party Is Over

On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform. The words that splashed across the screen as the commercial ended read … Read more

Self-Driving Big Rigs Are Coming. Is America Ready?

Some day in the next few years, if you’re on the right stretch of highway in America’s Sunbelt, you are likely to have the disconcerting experience of pulling alongside a fully loaded semi truck, glancing at the cab, and seeing no one behind the wheel at all. Unless you look closely, the truck you’re likely … Read more