Business

Hyundai plans $5 billion investment in US on mobility technology

Hyundai plans $5 billion investment in US on mobility technology Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the US by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and AI The investment comes alongside the automaker’s recent …

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Elon Musk’s SpaceX looks to raise $1.7 billion in new funding

Elon Musk’s SpaceX looks to raise $1.7 billion in new funding A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion. The space venture is looking to …

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Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

Inflation is rising, but fans are paying for NBA, NFL, other sports tickets People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a …

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Tom Still: Business plan contest finalists capture range of ideas in Wisconsin | business news

Tom Still: Business plan contest finalists capture range of ideas in Wisconsin | business news From three plans for cleaning large amounts of water to a nutraceutical to keep your dog from itching, and from medical science breakthroughs to novel ways to employ artificial intelligence, virtual reality and software, the “Diligent Dozen” in the 2022 …

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Elon Musk slams Apple’s App Store fees as ‘30% tax on the Internet’

Elon Musk slams Apple’s App Store fees as ‘30% tax on the Internet’ Elon Musk slammed Apple’s widely scrutinized practice of taking a 30% slice of revenue from transactions within its App Store on Monday – asserting that the fee was “definitely not ok.” The Tesla CEO raised his concerns in response to detailing a …

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Black buyers are getting squeezed out of the hot housing market

Black buyers are getting squeezed out of the hot housing market CNN — Nicosha Jones spent nearly a year trying to buy her first home. Jones, 48, planned to build equity by buying a home in the South Phoenix neighborhood where she grew up. Instead, she’s on the sidelines, facing skyrocketing rent and struggling to …

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Abbott CEO apologizes for baby formula shortage in Washington Post

Abbott CEO apologizes for baby formula shortage in Washington Post The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalski | AFP | Getty Images Abbott Laboratories CEO Robert Ford apologized Saturday in a new op-ed for his company’s role in a nationwide shortage of baby formula, which this week moved Congress …

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Wells Fargo held ‘fake interviews’ to feign diversity efforts, employees claim

Wells Fargo held ‘fake interviews’ to feign diversity efforts, employees claim Wells Fargo rightroutinely interviewed women and people of color to record diversity efforts in its hiring practices despite already offering the positions to other candidates, several employees have alleged. The banking company has a long-standing informal policy that employers interview “diverse” candidates, defined by …

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Hyundai to build $5.5 billion EV and battery plant in the US. Here’s where

Hyundai to build $5.5 billion EV and battery plant in the US. Here’s where Hyundai is investing almost $5.5 billion into the EV plant in Bryan County, Georgia, creating 8,100 new jobs. The plant expects to reach a capacity of 300,000 units a year when it begins commercial production in the first half of 2025. …

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Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers Tesla’s Model 3 at the Tesla store in Washington, DC Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key …

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