Apple reports record iPhone sales; Yahoo will do a tax free spin off of its Alibaba stake; Stocks drop on multinational earnings. Bobbi Rebell reports.
The MY 2024 Cybertrucks have faulty accelerator pedals that may be dislodged when high force is applied, the company said.
The United Auto Workers’ ambitious drive to expand its reach to nonunion factories across the South and elsewhere faces a key test Friday night, when workers at a Volkswagen plant in Chattanooga, Tennessee, will finish voting on whether to join the union. The UAW’s ranks in the auto industry have dwindled over the years as foreign-based companies with nonunion U.S. plants have sold increasingly more vehicles. Twice in recent years, workers at the Chattanooga plant have rejected union membership.
China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest economy. China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, including foreign-invested ones, to raise money via bond issuance, the commerce ministry said in a statement. The government will also facilitate foreign investment in Chinese tech firms via an inbound investment scheme, QFLP, and will "efficiently" approve applications for licences under QFII and RQFII - programmes that allow foreign investment in Chinese stocks and bonds.
The Federal Aviation Administration will investigate after a flight at Ronald Reagan Washington National Airport was instructed to cross a runway where another flight was starting its takeoff, the agency said. A JetBlue flight was starting its takeoff roll on runway 4 at the airport in Arlington, Virginia, just outside Washington, D.C., around 7:41 a.m. Thursday, when an air traffic controller instructed a Southwest Airlines flight to cross the same runway, the FAA said in a statement.
Starbucks unveiled the new cups ahead of Earth Day and as a new report warns plastic production emissions are even greater than those from aviation.
The Vasuki indicus specimen dates back 47 million years and is more than double the average size of similar snakes, like pythons.
Reports Israel had carried out retaliatory strikes against Iran rattled markets on Friday, with oil prices briefly surging and equities slumping. Iran's state media reported explosions in the central province of Isfahan on Friday, as US media quoted officials saying Israel had carried out retaliatory strikes against its arch-rival.
“This strike is clearly intended to not escalate the situation further,” one former Pentagon official said.
Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese authorities. The apps were removed from the store on Friday after Chinese officials cited unspecified national security concerns. The U.S. has threatened to ban TikTok over national security concerns.
U.S. Secretary of State Antony Blinken on Friday said he has made "determinations" regarding accusations that Israel violated a set of U.S. laws that prohibit providing military assistance to individuals or security force units that commit gross violations of human rights. The Leahy Laws, authored by then-Senator Patrick Leahy in the late 1990s, prohibit providing military assistance to individuals or security force units that commit gross violations of human rights and have not been brought to justice.
John Maas spent years buying and outfitting a 17-foot aluminum boat called the Superskiff 1 so he could take customers fishing for sea trout and flounder in the Gulf of Mexico. It was nasty work under oppressive, humid heat in oily water and around the chemical dispersant Corexit deployed in massive quantities to break up oil. Maas said the Corexit smelled like burning brake fluid and caused his eyes to water and skin to burn.
Tesla is recalling 3,878 Cybertruck vehicles because of a defect that can cause unintentional vehicle acceleration, increasing crash risk, according to a US notice posted this week.If the accelerator pedal becomes trapped, "the performance and operation of the pedal will be affected, which may increase the risk of a collision," Tesla said in the notice.
The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israeli-occupied West Bank settlers who have harassed and attacked Palestinians, as well as the founder of an organization whose members regularly assault Palestinians. The Treasury Department announcement comes as the West Bank has seen some of its worst violence perpetrated by extremist settlers against Palestinians since the war in nearby Gaza began. There is also friction between President Joe Biden and Israeli Prime Minister Benjamin Netanyahu, whose far-right government has reacted angrily to previous sanctions imposed against West Bank settlers.
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
The judge in Donald Trump's criminal trial hoped to wrap up jury selection Friday before opening arguments start next week in the historic case against the former president and 2024 Republican White House contender.The Republican tycoon faces three other criminal cases, including on far more serious charges of attempting to overturn his 2020 election loss to President Joe Biden, but these have been repeatedly delayed.
Ulta stock has struggled to recover after the beauty retailer's CEO hinted that some of the post-pandemic cosmetics hype may be wearing out.
Higher freight costs and lower consumer buying power could hit retailers in the coming months.
Polls opened Friday in the first and largest phase of India’s marathon election, in which Prime Minister Narendra Modi is widely expected to secure a third term.
The National Highway Traffic Safety Administration says the Cybertruck’s accelerator pedal pad might dislodge and get trapped, causing the vehicle to accelerate unintentionally.
From the top down, the assessment of Ukraine’s armed forces’ position in fighting Russia is bleaker than at any point since the early months of the war.
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