The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
Read More Tech market values jump in September on Fed rate cuts, AI optimism
The U.S. Commerce Department has proposed to ban Chinese and Russian-made hardware and software in internet-connected vehicles in the United States due to “national security concerns.”
Read More U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
China is chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.
Read More China’s robot makers chase Tesla to deliver humanoid workers
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
Read More Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Former President Donald Trump said that he would consider asking X owner Elon Musk if he wanted a position in his Cabinet if he won re-election in the 2024 presidential race.
Read More Trump Says He Would Consider Asking Elon Musk To Join His Cabinet
GM said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
Read More GM lays off over 1,000 salaried software, services employees