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The daily business briefing: July 25, 2019

1. The Federal Trade Commission on Wednesday struck Facebook using a record $5 billion nice and ordered the social media giant to step up...

Jeff Bezos is ‘very excited’ about the automotive industry

Amazon CEO Jeff Bezos told employees he is ‘very excited’ about the automotive industry, a potential hint in the tech giant’s next major drama.It’so...

Tesla Sets Record for EV Deliveries, but Losses and Solar Shrinkage...

Tesla presented mixed results in the second quarter of 2019, including a delivery list of 95,356 electric vehicles and document deployments of its energy...

The daily business briefing: July 16, 2019

1. House Speaker Nancy Pelosi (D-Calif.) Said Monday that the House wouldn't increase the debt ceiling unless it's a component of a funding...

Boeing’s 737 Max Chief Retiring As AG Barr Recuses Himself From...

Another day, yet another fiasco in the largest US airline carrier, and this time it is oddly reminiscent of the conditions surrounding the melting...

Faraday Future fires dozens of employees on unpaid leave

Sputtering electric car startup Faraday Future has fired dozens of workers who have been on unpaid leave for weeks , such as...

Tesla Slips Again in Residential Solar Rankings, Dropping to Third in...

Tesla, the lux energy firm that also sells cars, sank to next position among residential solar providers for installations in the first quarter of...

Microsoft and BMW launch open platform to support smart factory development

Microsoft and the BMW Group have announced a new initiative at Hannover Messe aimed at enabling faster and more cost-effective innovation in the manufacturing...

NIO postpones its electric sedan after rough first quarter

Chinese EV startup NIO has indefinitely delayed its upcoming electric sedan just six weeks after unveiling a concept version of the car...

Nio shifts electric vehicle plans as losses pile up

Chinese automotive startup Nio is tweaking its strategies for electric vehicles, a move prompted by sales of its ES8 model.Nio, which reported in its...

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