Over the past 75 years, many startups have tried to crack the code and enter the U.S. automotive market. Virtually none have succeeded.
Category Archives: business
Elizabeth Holmes guilty of 4 counts of fraud, acquitted of 4 in Theranos trial
Theranos founder Elizabeth Holmes was convicted Monday of four federal charges of fraud for exaggerating to investors what her blood testing company’s machines
Walmart temporarily closed almost 60 stores for Covid cleaning last month
The stores were closed for two days for cleaning “to present a safe and clean in-store environment for our associates and customers,” a company spokesperson said.
Tesla is criticized over new showroom in China's Xinjiang region
Tesla’s announcement that it has opened a showroom in the Chinese region of Xinjiang has attracted criticism from U.S. rights and trade groups.
Elizabeth Holmes jury deadlocked on 3 charges; judge sends it back to deliberate
A jury said it was deadlocked on three charges in the federal trial of Theranos founder Elizabeth Holmes, a monthslong examination into whether she duped investors.
Facebook suspends Rep. Marjorie Taylor Greene for 'misinformation'
The 24-hour Facebook suspension came one day after Twitter announced it had “permanently suspended” the Georgia congresswoman’s personal account.
Apple becomes first U.S. company to reach $3 trillion market cap
Apple hit a market cap of $3 trillion during intraday trading on Monday, tripling its valuation in under four years.
AT&T, Verizon reject U.S. request to delay 5G wireless plans
Verizon and AT&T have rejected a request by the U.S. government to delay the rollout of next-generation wireless technology.
Embattled Chinese property developer Evergrande shares halted, set to release ‘inside information’
China Evergrande Group shares will be suspended from trading on Monday pending the release of “inside information,” the property developer said.
What's ahead for the auto industry in 2022?
From shortages of crucial semiconductor chips to shutdowns at major assembly plants, plus sky-rocketing car prices and empty dealerships, 2021 was a year to