Elon Musk has been invited by Turkish President Recep Tayyip Erdogan to build his next Tesla factory in Turkey, along with offering collaboration opportunities with SpaceX and inviting him to Turkey's largest aviation and technology festival.
The Internal Revenue Service (IRS) is allowing eligible Americans to continue making catch-up contributions to their retirement accounts on a pretax basis until 2025, delaying the implementation of a rule that mandates after-tax contributions for higher-income individuals as part of the Secure 2.0 Act.
California Governor Gavin Newsom has promised to sign a bill into law that will establish a $20 minimum wage for fast food workers, representing a nearly $5 increase, starting April 1, 2024. However, the National Owners Association, a group of McDonald's store owners, has described this move as a "devastating financial blow."
Air Canada passengers were forced off a plane after refusing to sit on vomit-covered seats for a five-hour flight, despite the airline's attempts to mask the smell and unwillingness to provide blankets to cover the seats, leading to the pilot giving the passengers an ultimatum to leave the plane voluntarily or be escorted off by security.
Amazon is hosting a fall Prime Day event called Amazon Prime Big Deal Day, where Prime members can find huge discounts on various products, including travel essentials and outdoor gear.
Tesla CEO Elon Musk posted an image of a "production candidate" Cybertruck at the company's Texas factory, indicating that the highly anticipated vehicle may be closer to launch than expected.
Federal Reserve officials are expected to keep interest rates unchanged at their policy meeting this week but will leave the door open for another rate hike, as they remain cautious about inflation and aim to keep financial conditions tight.
China's top chipmaker SMIC has partnered with Huawei to develop an advanced 7-nanometer processor for the Mate 60 Pro smartphone, marking progress in China's domestic chip ecosystem and challenging US restrictions on Huawei's access to chipmaking tools.
Bob van Dijk steps down as CEO of Naspers and Prosus, with M&A chief Ervin Tu becoming interim CEO, while the move coincides with Prosus ending its stake in Naspers.
Maui county firefighters are blamed for leaving the scene of a wildfire prematurely, allowing a second, more deadly wildfire to break out, despite Hawaii's electric utility admitting that its power lines caused the initial fire.
The sudden resignation of BP CEO Bernard Looney raises the question of whether a senior executive should lose their job due to private relationships, as Looney resigned after not being fully transparent about his past work relationships with the board.
Chinese automaker XPeng Motors is set to expand its presence in Europe by entering new markets in Germany, France, and Britain with its G9 SUV, P7 sedan, and G6 model in 2024, aiming to compete with Tesla Model Y and establish brand recognition.
Klaviyo raises the proposed price range of its shares in its initial public offering, targeting a valuation of up to $9 billion.
Nordstrom's second-quarter earnings exceed expectations, but sales at its banner stores decline over 10% as consumers remain cautious.
A cyberattack at Clorox has caused disruptions in the company's operations, resulting in product shortages and financial impact, with the company yet to resume full production.
A Delta pilot was forced to make an emergency landing after a passenger's diarrhea caused a biohazard issue on the plane.
The state of California is suing major oil companies, including BP, ExxonMobil, Chevron, Shell, and ConocoPhillips, over allegations of deceiving the public about the risks of fossil fuels and causing damage to communities and the environment.
Disney shares are trading at their lowest level in nearly a decade due to investors losing faith in the company's long-term stock performance, which has been far behind other notable stocks.
Generac Power Systems is recalling over 60,000 portable generators due to fire and burn hazards caused by fuel tank issues, with reports of 27 incidents and three severe burn injuries prompting the recall.
The Colorado Department of Transportation warns travelers to expect congestion and longer drive times on mountain highways and offers tips for Labor Day travel.
Shares in crisis-hit China Evergrande have plunged by up to a quarter after the apparent detention of staff by police, reigniting concerns about the state of the company and China's wider property sector.
Peloton's shares dropped 20% after the company announced that the cost of a bike recall and the loss of 20,000 members exceeded expectations, leading to a bigger-than-expected loss of $242 million in the fourth quarter.
Sports and talent agency Wasserman has acquired management and production firm Brillstein Entertainment Partners, expanding its reach into the production space and adding film and TV stars to its client roster.
Despite Tesla's record deliveries in the second quarter, the series of price cuts have impacted margins and Goldman Sachs analyst Mark Delaney expects Tesla to continue slashing prices in 2024 to support higher volumes, resulting in lower vehicle sales than previously anticipated in Q3 and reduced EPS estimates for 2023 and 2024.
Toyota Motor Corp has suspended operations at a dozen assembly plants in Japan due to a malfunction with its production system, likely bringing to a halt almost all of its domestic output.
More than 58,000 pounds of raw ground beef has been recalled due to possible E. coli contamination, with the affected products shipped to distributors in Georgia, Michigan, and Ohio.
Qantas CEO, Alan Joyce, will leave the airline immediately due to mounting controversies, with the airline facing legal action and public anger despite record profits and a series of scandals.
Zillow is offering a new program to help people buy homes with a 1% down payment option and plans to expand the program to other markets, making renting more fiscally prudent for some.
Danish pharmaceutical giant Novo Nordisk's weight-loss drug, Wegovy, has surpassed LVMH as Europe's most valuable firm, with a market valuation of $428bn, as the drug's popularity continues to grow due to its effectiveness in tricking people into feeling full and aiding weight loss.
The Powerball jackpot has reached an estimated $638 million after no winner was found in the latest drawing, making it the 10th largest jackpot in Powerball history.
Maui County has filed a lawsuit against Hawaiian Electric Company, claiming that the utility company kept their power lines energized despite Power lines supposedly being de-energized, leading to devastating wildfires in Maui County.
California Governor Gavin Newsom announces his intention to sign a bill that will make California the first location in the U.S. to require large businesses to publicly declare their carbon emissions, including their supply chain emissions.
China is launching a new state-backed investment fund worth $40 billion to boost its semiconductor sector and catch up with the US and other rivals, with a focus on chip manufacturing equipment.
Builder confidence in the US housing market unexpectedly dropped for the second consecutive month in September, as high mortgage rates dampened consumer demand for new homes.
Apple announced its support for a bill in California, called SB 244 or the Right to Repair Act, which would require manufacturers to provide owners and repair shops with the necessary tools and manuals to fix devices.
Lyft Inc. has been charged by the Securities and Exchange Commission (SEC) for failing to disclose a board director's role in a shareholder's sale of $424 million worth of private shares before the company's initial public offering (IPO), resulting in a $10 million civil penalty.
SoftBank's desired valuation for Arm's IPO may be too high, as investors are focused on medium-term operating profit rather than just revenue, and Arm would need to achieve implausible levels of growth and profitability to justify the target valuation.
Gold prices rose as the dollar weakened and investors awaited central bank policy meetings, with the Fed expected to pause on interest rate hikes.
Amazon is raising its minimum amount for free shipping for non-Prime members from $25 to $35, forcing customers to spend more, pay for shipping, or subscribe to Prime.
The Biden administration is imposing export restrictions on Nvidia's AI computer chips to certain Middle Eastern countries due to concerns that the advanced technology may aid adversaries like China.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Vietnam Airlines is set to purchase 50 Boeing 737 MAX aircraft worth $10 billion, which is expected to be signed during President Joe Biden's visit to Vietnam; this move is politically motivated and would replace their current fleet of Airbus A321s.
Cleveland Federal Reserve Bank President Loretta Mester believes that beating inflation will require one more interest-rate hike and then a temporary pause, stating that rate cuts may not begin in late 2024 as previously thought.
Labor Day is a great time to find discounts on office gear, including Steelcase office chairs, Apple AirPods, Sony headphones, Lenovo laptops, LG OLED TVs, and more.
Jelly maker J.M. Smucker is acquiring Twinkie owner Hostess Brands for $5.6 billion, in the latest big food deal driven by the need for growth as pandemic gains taper off.
FuelCell Energy reported a smaller loss than expected but experienced a 41% decline in revenue as module sales dropped.