WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
AUSTIN, Texas (AP) — Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50% nearly every year.
The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50% growth target.
KYIV, Ukraine (AP) — Ukraine has bought some 1,400 drones, mostly for reconnaissance, and plans to develop combat models that can attack the exploding drones Russia has used during its invasion of the country, according to the Ukrainian government minister in charge of technology.
WARSAW, Poland (AP) — France will provide Poland with two observation satellites and a receiving station under a deal sealed Tuesday in Warsaw which Poland says will help its armed forces recognize threats early.
HONG KONG (AP) — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier.
NEW YORK (AP) — A judge kept secret that two of Sam Bankman-Fried’s closest associates had turned against him so the cryptocurrency entrepreneur wouldn’t get spooked and fight extradition from the Bahamas, according to court transcripts made public Friday.
SAN FRANCISCO (AP) — Facebook’s corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s victorious presidential campaign in 2016.
NEW YORK (AP) — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
Microsoft is headed for a battle with the Federal Trade Commission over whether the U.S. will block the tech giant's planned takeover of video game company Activision Blizzard.
MONTARA, Calif. (AP) — A 4-year-old girl, a 9-year-old boy and two adults survived Monday after their car plunged off a Northern California cliff along the Pacific Coast Highway near an area known as Devil’s Slide that’s known for fatal wrecks, officials said.
NEW ORLEANS (AP) — Louisiana authorities’ use of facial recognition technology led to the mistaken-identity arrest of a Georgia man on a fugitive warrant, an attorney said in a case that renews attention to racial disparities in the use of the digital tool.
BANGKOK (AP) — Shares began the year mixed, with European benchmarks opening higher on Monday after a lackluster session for the few Asian markets not closed for New Year holidays.
Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008.
The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends.
RIO DE JANEIRO (AP) — Brazil’s President-elect Luiz Inácio Lula da Silva announced Thursday that Sônia Guajajara will head up a new Ministry of Indigenous Peoples, with a mandate to oversee policies ranging from land demarcation to health care.
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday following encouraging U.S. employment data but were headed for double-digit losses for the year.
RIO DE JANEIRO (AP) —
Brazil´s President-elect Luiz Inácio Lula da Silva announced Thursday that Amazon activist Marina Silva will be the country´s next minister of environment. The announcement indicates the new administration will prioritize cracking down on illegal deforestation even if it means running afoul of powerful agribusiness interests.
BANGKOK (AP) — Shares slipped in Asia on Thursday after benchmarks fell more than 1% on Wall Street in the middle of a mostly quiet and holiday-shortened week.
TOPEKA, Kan. (AP) — Kansas Gov. Laura Kelly banned the use of TikTok on the state-issued devices of government workers under her control on Wednesday, becoming one of the first Democratic governors to restrict the popular social media app.
LOS ANGELES (AP) — Owning Tesla stock this year has been anything but a smooth ride for investors.
Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks.
NEW YORK (AP) — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
Retailers are scoring one win in the governmentwide spending bill, which will force online marketplaces like Amazon and Facebook to verify high-volume sellers on their platforms amid heightened concerns about retail crime.
CEO Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter went through in October.
DETROIT (AP) — The U.S. Securities and Exchange Commission is denying allegations that it is violating Elon Musk's free speech rights by trying to enforce a 2018 securities fraud settlement.
The commission, in an appeals brief filed late Thursday, said Musk, the chief executive of Tesla, waived his First Amendment rights by agreeing to the settlement and amendments.
WASHINGTON (AP) — As the U.S. deals with its deadliest overdose crisis to date, a national crime-prevention group is calling on the Justice Department to clamp down on social media's role in the spread of fentanyl, the drug largely driving a troubling spike in overdose deaths among teenagers.
The video of a man raping his 9-year-old daughter was discovered in New Zealand in 2016 and triggered a global search for the little girl.
Investigators contacted Interpol and the pursuit eventually included the FBI, the U.S.
DETROIT (AP) — Tesla Inc. is offering rare discounts through year's end on its two top-selling models, an indication that demand is slowing for its electric vehicles.
The Austin, Texas, company started offering a $3,750 incentive on its Model 3 sedan and Model Y SUV on its website earlier this month, but on Wednesday doubled the discount to $7,500 for those who take delivery between now and Dec.
BOISE, Idaho (AP) — Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand.
The U.S. government’s highway safety agency said Thursday it will send teams to investigate two November crashes in California and Ohio involving Teslas that may have been operating on automated driving systems.
Fans will have to Google it beginning next season if they want to access the NFL's “Sunday Ticket” package.
The NFL announced an agreement on Thursday for Google to distribute the package of out-of-market Sunday afternoon games on YouTube TV and YouTube Primetime Channels.
WASHINGTON (AP) — Slightly more Americans filed for unemployment benefits last week as the labor market continues to show strength even as the Federal Reserve has tried for nearly a year to slow the economy by raising its main lending rate.
BRUSSELS (AP) — Online retail giant Amazon could be held responsible for breaching luxury shoemaker Christian Louboutin's trademark rights over the sale of counterfeit red soled high-heeled shoes on its platform, the European Court of Justice ruled on Thursday.
SEOUL, South Korea (AP) — North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea’s spy agency said Thursday.
NEW YORK (AP) — Two of Sam Bankman-Fried's top associates secretly pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX and are cooperating with investigators, a federal prosecutor announced Wednesday as the digital coin entrepreneur was being flown in FBI custody to the U.S.
SAN FRANCISCO (AP) — A group of gamers is suing to stop Microsoft from buying video game publisher Activision Blizzard, arguing that the $68.7 billion acquisition would stifle competition and reduce consumer choice.
SAN FRANCISCO (AP) — Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, due in part to debt payments tied to his $44 billion takeover of the company.
CHICAGO (AP) — As a kid, Kevin Fair would take apart his Nintendo console, troubleshoot issues and put it back together again — experiences the Black entrepreneur says represented “a life trajectory changing moment” when he realized the entertainment system was more than a toy.
WASHINGTON (AP) — People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.
SAN FRANCISCO (AP) — Elon Musk said Tuesday that he plans on remaining as Twitter's CEO until he can find someone willing to replace him in the job.
Musk’s announcement came after millions of Twitter users asked him to step down in an unscientific poll the billionaire himself created and promised to abide by.