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Jayaraj: EVs Won't Deliver West Freedom of Movement It's Used To
Barring a massive technological advancement, there is no way the West can maintain its citizens’ current freedom of movement with EVs.
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Oil Companies Cautious on Drilling Amid Green Push
Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits - a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void.
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Grisham, Top Authors Sue OpenAI Over Copyrights
A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and "Game of Thrones" novelist George R.R. Martin, accusing the company of unlawfully training...
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Aramco, Exxon CEOs: Oil Demand Won't Peak in 2030
The CEOs of top Saudi Arabian and U.S. oil producers Aramco and Exxon Mobil on Monday pushed back forecasts of peak oil demand, and said the energy transition would require continuing investment in conventional oil and gas.
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Feds Earmark $100 Million to Ugrade EV Charging
Like many current electric vehicle owners, Transportation Secretary Pete Buttigieg usually charges his hybrid minivan overnight at home in his garage. But he recently took his car to a public charging station that wasn't working.
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Private Equity Disrupting the Dental Industry
As private equity firms, like BlackRock, search for new markets to extract profits in a slow and uncertain economy, their recent entry into the dental industry is causing radical changes.
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Self-Driving Car Revolution Is Coming - Slowly
In Munich, where this week's IAA motor show is taking place, an interactive street survey elicits an overwhelming "yes" when asking passers-by if they would take a self-driving taxi from the station to the Oktoberfest beer festival.
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China's Widening iPhone Curbs Roil US Tech Sector
Beijing's widening curbs on iPhone use by government staff rattled Apple and other U.S. technology stocks Thursday as investors fretted over the financial impact of rising Sino-American tensions on companies with large China exposure.
Apple fell more than 3% and was on...
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Airlines Warn of Higher Fuel Costs in 3rd Quarter
Three U.S. airlines Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
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Carmakers Miserably Failing the Privacy Test
Cars are getting an "F" in data privacy.Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order.The proliferation of sensors in...
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UAW a More Confrontational Union as Strike Looms
A 46% pay raise. A 32-hour week with 40 hours of pay. A restoration of traditional pensions.
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China's EV Prowess Puts EU Carmakers on Edge
Europe's carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China's lead in developing cheaper, more consumer-friendly models, executives said at Munich's IAA mobility show.
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US to Give Automakers, Suppliers $12B to Produce EVs
The United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm told reporters Thursday.
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Harris, Yellen Tout Unions' 15% Higher Wages
U.S. Vice President Kamala Harris and Treasury Secretary Janet Yellen held a rare joint press call Monday to tout the benefits of union membership, releasing a new Treasury report that shows wages for union members are 15% higher than non-union workers.
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Vanguard Joins BlackRock in Slashing ESG Support
Vanguard supported just 2% of shareholder resolutions on environmental and social issues at U.S. companies this year, down from 12% last year, the top mutual fund manager said, fueling a drop in investor backing overall.
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Auto Sales Hint Slowdown as Economic Woes Weigh
U.S.-light vehicle sales are expected to remain steadfast in August but are showing early signs of a slowdown, S&P Global Mobility said Monday, amid contract negotiations with workers and rising interest rates.
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Dems: Tax Prep Firms Undermining IRS Electronic Filing
Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government's upcoming electronic free file tax return system and are demanding lobbying, hiring and revenue data to determine what's going on.
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Corporate Mergers Under Attack, But Not on Your Behalf
Last month, the Department of Justice (DOJ) and Federal Trade Commission (FTC) published a draft of proposed new guidelines for mergers and acquisitions. Sounds like a problem reserved for people who sit in board rooms, right? Not exactly. Such rules will affect all of...
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Booksellers Urge FTC to Investigate Amazon 'Monopoly'
Booksellers and authors are demanding that the Federal Trade Commission investigate what they purport is Amazon's 90% dominance of all books sold online and 80% of e-books.
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Oil Sees 7th Straight Weekly Gain on Record Demand
Oil prices rose 1% on Friday and were on track for their longest weekly gaining streak since early 2022 due to forecasts for record demand and tightening supplies from the International Energy Agency (IEA).
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China's Tech Giants Order $5B of Nvidia Chips for AI
China's internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported Wednesday.
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Biden to Restrict Investments in China Over Security Threats
Joe Biden's White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters.
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UK Fears China Will Use EVs to Spy on Citizens
British government officials are concerned that the push for net-zero emissions could lead to security issues with Chinese-made all-electric vehicles.China is expected to dominate the electric vehicle market in Britain with inexpensive imports as the U.K. nears a total ban...
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Amazon and Apple Beat as They Polish AI Skills
Amazon and Apple Thursday reported earnings that topped market expectations, aiming for even better days ahead with the help of artificial intelligence (AI).
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Tesla, BYD's China Deliveries Hit Record High in Q2
U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.