Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…
Federal Reserve Chairman Jerome Powell, and Federal Reserve Nominee, Kevin Warsh. Reuters When the Federal Open Market Committee gathers again in mid-June, it will mark the first time in nearly 80 years that a sitting and former chair conduct business together, a historic overlap that comes at a sensitive time for the central bank. While…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago. The chipmaker’s stock soared 114%…
The assembly line’s invention wasn’t a solitary “eureka” moment but an evolution driven by open-minded observation. Henry Ford’s team studied meatpacking plants, adapting their disassembly process to a car assembly flow. Image Credits: via Wikimedia Commons The invention of the assembly line is generally depicted in history as one of those “eureka” moments where the…
OAKLAND, California — The third day of Elon Musk’s testimony in his high-stakes trial against OpenAI began with a bout of bickering over whether AI could lead to the “extinction” of the human race. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “This is a real risk, we…
The Trump administration wants President Claudia Sheinbaum to arrest a Mexican governor. She is faced with few good options in response. Source link
For decades, ambitions of expanding the Port of Churchill have fallen short — derailed, locals argue, under years of poor management as experts openly questioned whether an Arctic port makes good economic sense. Canada is now hoping to change that, guided by the inevitability of climate change, the challenge of US tariffs, and Europe’s energy…
Packages of Ice Breakers spearmint mints Mints are displayed at a Costco Wholesale store on April 27, 2025 in San Diego, California. Kevin Carter | Getty Images Hershey is seeing higher sales for its mints and gum — thanks to the growing use of GLP-1 drugs. “We’ve also seen strong demand for gum and mints,…
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images All three top cloud infrastructure providers surpassed analyst estimates in earnings reports late Wednesday, but Google was the standout, generating its fastest growth rate on record. Google is chasing Amazon…
Chinese proverb of the day (AI-generated image) People deal with different kinds of fears every day. Some fears are based on things that really happen, while others come from not knowing what will happen or from your imagination. A lot of people aren’t really scared of big problems or obvious dangers. They’re more scared of…