DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the ...
DALLAS (AP) — The pilots union at American Airlines says there has been "a significant spike" in safety issues at the airline, including fewer routine aircraft inspections and shorter test flights on planes returning from major maintenance work. The union also says it has seen incidents in ...
Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It's the third straight quarter of shipment growth and marks the return of Samsung to No. 1. There were 289.4 million units shipped in the period, according to IDC's ...
NEW YORK (AP) — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% ...
Supermarket beverage aisles are starting to look a lot more like a pharmacy. There are sodas made with mushrooms that supposedly improve mental clarity and juices packed with bacteria that claim to enhance digestive health. Water infused with collagen carries the promise of better skin, and ...
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a ...
