industrial news
Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why.
Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla (ticker: TSLA) ramps up production at new plants, but there are other …
Tesla Needs Lithium. Elon Musk Suggests It Could Get Into Mining Business.
Tesla CEO Elon Musk has suggested that the electric vehicle maker might get into the mining business. Patrick Pleul/POOL/AFP via Getty Images Text size Tesla CEO Elon Musk lamented the rising cost of lithium in a recent tweet. He even suggested that Tesla might get into the mining business to help solve shortages of the …
Vladimir Putin’s 20-Year March to War in Ukraine—and How the West Mishandled It
In early November, months before the war began, CIA Director William Burns visited Moscow to deliver a warning: The U.S. believed Russian President Vladimir Putin was preparing to invade Ukraine. If he went ahead, he would face crippling sanctions from a united West. The American spy chief was connected on a secure Kremlin phone with …
Ukraine Proposes Neutral Status With Guarantees, and Zelensky Seeks More Western Help
Ukraine and Russia said they made progress in talks to end the war, with Kyiv presenting its proposal for a neutral status and international security guarantees as Moscow continued deadly strikes across Ukraine despite promises to focus its campaign on the eastern Donbas region. Though the latest round of negotiations, opened by Turkish President Recep …
U.S. to Sanction Companies Providing Technology for Russian Military, Intelligence Services
WASHINGTON—The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services for the military and intelligence services, including dual-use components used in weapons proliferation, U.S. officials said. The Treasury Department sanctions, which could be announced as early as next week, come as the U.S. and allies continue to target a range …
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
HONG KONG—Chinese technology giant Tencent Holdings Ltd. TCEHY -5.19% is facing a potential record fine for violations of some central bank regulations by its WeChat Pay mobile network, as Beijing toughens its regulations for fintech platforms, according to people familiar with the matter. Financial regulators recently discovered that WeChat Pay had flouted China’s anti-money-laundering rules …
BMW recalls 917,000 vehicles due to engine fire risk
DETROIT (AP) — BMW is recalling more than 917,000 older cars and SUVs in the U.S. — most for a third time — to fix a problem that can cause engine compartment fires. The recall covers many 3 Series, 5 Series, 1 Series, X5, X3, and Z4 vehicles from the 2006 through 2013 model years. …
Intel Files to Take Self-Driving Unit Mobileye Public
Intel Corp. INTC -0.01% said it has filed paperwork to take its Mobileye self-driving car unit public as the semiconductor giant tries to spark investor enthusiasm in its own shares and capitalize on growing demand for automated driving. Intel last year said it was going to list Israel-based Mobileye, which it bought in 2017 for …
Seagate Technology Holdings PLC stock falls Wednesday, underperforms market
Shares of Seagate Technology Holdings PLC STX, -1.33% shed 1.33% to $92.69 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.54% falling 0.54% to 4,223.70 and Dow Jones Industrial Average DJIA, -0.77% falling 0.77% to 34,033.67. This was the stock’s sixth consecutive …
Micron Technology Inc. stock falls Wednesday, underperforms market
Shares of Micron Technology Inc. MU, -2.06% shed 2.06% to $80.49 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.54% falling 0.54% to 4,223.70 and Dow Jones Industrial Average DJIA, -0.77% falling 0.77% to 34,033.67. The stock’s fall snapped a four-day winning …
