Tesla is still dominant, but its U.S. market share is eroding as cheaper EVs arrive
S&P Global Mobility forecasts Tesla's market share will decline to less than 20% by 2025, as EV models grow from 48 today to 159 by then.
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Elon Musk meets Tim Cook, says Apple never considered removing Twitter app
The meeting marks a significant de-escalation days after Musk went on a tweet storm accusing Apple of threatening to pull the Twitter app from the App Store.
Jeffrey Epstein estate settles Virgin Islands sex trafficking case for over $105 million
The settlement also requires the defendants to pay the Virgin Islands half the proceeds from the sale of Epstein's private island, the agency said.
Elon Musk has criticized Apple for years. Apple has mostly ignored him
The Tesla CEO's furious tweets have highlighted just how much power the mobile juggernaut still has over the world's richest person.
Salesforce stock falls over 5% on earnings and sudden departure of co-CEO Bret Taylor
Last quarter, Salesforce trimmed its year-end estimates for both revenue and earnings.
IRS gives Trump tax returns to House committee after 3-year legal battle
Donald Trump broke years of political precedent by refusing to publicly release his income tax returns while in the White House. Congress now has them.
White House weighs future release of emergency heating, crude oil reserves as winter nears
Industry heating oil inventories have recently risen, but with a 54% jump in price in the last year, any hiccup in supply could mean a headache for consumers.
UK charity backed by disgraced crypto kingpin Sam Bankman-Fried sounds alarm to British regulators after FTX collapse
The implosion of Sam Bankman-Fried's firms amid a tsunami of new legal troubles casts doubt on the future of the charities he helped underwrite.
Job openings fell in October amid Fed efforts to cool labor market
The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.
Assessing China: What political unrest means for ETF investors
Bullish investors see growing unrest in China as sign of reduced lockdowns. Bears believe that more targeted lockdowns will continue regardless.
Mark Zuckerberg says Apple's App Store policies are not 'sustainable or good place to be'
At the DealBook Summit on Wednesday, Meta CEO Mark Zuckerberg spoke critically of Apple's App Store policies.
Amazon CEO Andy Jassy says cost-cutting review revealed the economy is 'more uncertain' than previously thought
Amazon commenced a wide-ranging review of costs and discovered the company "needed to streamline our costs," CEO Andy Jassy said.
Meta is downsizing at New York location it opened in 2019
Meta said it's subleasing part of its facilities at Hudson Yards in New York, three years after agreeing to take over 1.5 million square feet there.
Crypto collapse leaves media companies with budget holes as advertising dries up
The collapse of FTX and the ongoing crypto winter means a lot less ad spending will be coming from what was seen as an emerging industry.
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."
Mortgage rates fall for the third straight week, but demand still drops further
Mortgage rates continue to ease, but demand is not following, as there are few who can benefit from a refinance, and homebuyers are still facing high prices.
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October
More Americans tapping buy now, pay later for holiday gifts shows 'how stressed the economy is,' Harvard researcher says
With prices near historic highs, more consumers are leaning on buy now, pay later to afford their holiday shopping.
Amazon touts record sales over holiday shopping weekend
Amazon on Wednesday touted record-breaking sales over the five-day shopping period that began Thanksgiving Day and ended on Cyber Monday.
'I never really got better' — long Covid patients share their struggle with ongoing symptoms and the health-care system
Long Covid can be considered a disability under the Americans with Disabilities Act, but getting approved for disability insurance is challenging.
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