CALIFORNIA (AP) — Tesla says it will relocate its headquarters from Palo Alto, California, to Austin, Texas, though the electric car maker will keep expanding its manufacturing capacity in the Golden State. CEO Elon Musk gave no timeline for the move late Thursday when he addressed the company’s shareholders at Tesla’s annual meeting. Musk noted […]

DUBAI, United Arab Emirates (AP) — Israel ceremonially opened its gleaming pavilion at the world’s fair in Dubai on Thursday, over a year after normalizing ties with the United Arab Emirates and amid a pandemic that has disrupted much of the tourist and cultural exchanges promised by the U.S.-brokered accords. The pavilion’s arch — chock-full […]

CALIFORNIA (AP) — A Facebook executive is pushing back on a whistleblower’s claims — supported by the company’s own internal research — that the social network’s products harm children and fuel polarization in the U.S. Monika Bickert, Facebook’s head of global policy management, told The Associated Press Wednesday that “we do not and we have […]

WASHINGTON (AP) — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy. Even its serious proponents — who are not […]

General Motors and General Electric are looking at developing a supply chain of rare earth materials that help make electric vehicles and renewable energy equipment. The companies said Wednesday that the memorandum of understanding between the automaker and GE Renewable Energy will evaluate options to improve supplies of heavy and light rare earth materials as […]

JERUSALEM (VINnews) — In the wake of the social media outage on Monday which affected Facebook, Whatsapp and Instagram, the owner of these social media platforms, Mark Zuckerberg lost an estimated 7 billion dollars, according to Bloomberg. At the same time, Facebook’s shares suffered a 5% drop after the outage, which lasted almost six hours, […]

BEIJING (AP) — A midsize Chinese real estate developer failed to make a $205.7 million payment due to bondholders Tuesday, adding to the industry’s financial strain as one of China’s biggest developers tries to avoid defaulting on billions of dollars of debt. Fantasia Holdings Group announced it missed the payment in a statement issued through […]

FRANKFURT, Germany (AP) — Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel along with non-members including Russia tracks with its established schedule […]

PALO ALTO, Calif. (AP) — Tesla says it delivered 241,300 electric vehicles in the third quarter even as it wrestled with a global shortage of computer chips that has hit the entire auto industry. The Palo Alto, California, company’s sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data […]

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that current high levels of inflation are likely to fade next year and won’t prevent the Fed from pushing toward its goal of full employment. Powell spoke earlier this week about “tension” between the Fed’s two goals of maximum employment and keeping prices stable. In […]