US businesses big and small made a fresh push for the Biden administration to remove Trump-era tariffs on Chinese goods as the government considers a formal extension on the hundreds of billions of dollars in levies.
(Bloomberg) — Capital One Financial Corp. eliminated hundreds of technology positions this week, the result of the credit-card giant spending years investing in systems meant to improve its efficiency.
(Bloomberg) — Elon Musk oversaw the creation of a 2016 video that exaggerated the abilities of Tesla Inc.’s driver-assistance system Autopilot, even dictating the opening text that claimed the company’s car drove itself, according to internal emails viewed by Bloomberg.
Playtika Holding Corp. offered to buy Rovio Entertainment Oyj, the maker of the Angry Birds mobile games, in a deal valuing the Finnish company at about €750 million ($810 million).
At the height of the pandemic, investors rushed to snap up debt from Americanas SA. Online sales were skyrocketing and billionaires holding stakes in some of the world’s biggest consumer brands vouched for the retailer’s future.
US stocks fell as concern over an economic slowdown and prospects of higher interest rates weighed on risk sentiment. Treasuries declined, sending yields higher across the curve.
UK startup ZeroAvia said it’s successfully conducted a test flight of a hydrogen-powered 19-seater plane as part of a government-backed initiative to develop zero-emissions aircraft.
New research finds that global temperatures would be about 0.1°F higher, had it not been for an increase in atmospheric dust.
A top European Union official urged TikTok to comply with upcoming content rules or face a possible ban, a sharp change in tone from Brussels.
Bank of America CEO Brian Moynihan added his voice to a host of commentators expressing tentative optimism about the economic outlook, citing resilience among consumers and firm demand for small-business loans as reasons for optimism.
