Latin American Headlines at 3:33 p.m. EDT
US company rejects Mexico's criticism, buy-out offer, says president's projects hurt the environment
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AutoblogChinese cars are pouring into Mexico — and the U.S. is worried
Four years after the United States-Mexico-Canada trade agreement (USMCA), Mexico and the U.S. face the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining GM, Ford, and Tesla.
- Yahoo Finance
Ford CEO on the future of EVs, Detroit, and his relationship with Tesla's Elon Musk
Ford CEO Jim Farley sat down for a new edition of Yahoo Finance's Opening Bid podcast, sharing why the auto giant has spent $1 billion to rebuild a Detroit landmark and why he remains bullish on EVs.
- Engadget
Uber is locking New York drivers out of its apps and blaming a city pay rule
For the last month, Uber has been locking New York City drivers out of its apps during low-demand periods, and Lyft has threatened to do so, too. The ride-hailing companies blame an NYC pay rule.
- Yahoo Finance
Elon Musk won his Tesla pay battle. Now he has to win his legal war.
A new legal battle is underway to determine whether Elon Musk actually gets his money after Tesla convinced shareholders to back the CEO's record-breaking $56 billion pay plan.
- Autoblog
Toyota apologizes for cheating on vehicle tests, halts production of three models
Toyota is halting production of three models and apologizing for cheating on vehicle testing, investigation finds.
- Yahoo Finance
Ford vice chair John Lawler on EVs, 2024 profits, and why the automaker never abandoned hybrids
Yahoo Finance spoke to Lawler at the Deutsche Bank Global Autos Conference in midtown Manhattan this week. Here's what he said about the demand for hybrid vehicles, EV adoption, profitability, and more.
- Yahoo Finance
Apple’s regulatory cloud is getting thicker
Apple’s legal headaches mounted Monday with the news that European Union regulators found it in violation of a new law designed to rein in tech giants.
- TechCrunch
Tech giants form an industry group to help develop next-gen AI chip components
Intel, Google, Microsoft, Meta and other tech heavyweights are establishing a new industry group, the Ultra Accelerator Link (UALink) Promoter Group, to guide the development of the components that link together AI accelerator chips in data centers. Announced Thursday, the UALink Promoter Group — which also counts AMD (but not Arm just yet), Hewlett Packard Enterprise, Broadcom and Cisco among its members — is proposing a new industry standard to connect the AI accelerator chips found within a growing number of servers.
- Yahoo Finance
As one streaming era ends, another begins: Chart of the Week
Just as excitement over a paradigm shift helped usher in cheap subscriptions over a decade ago, the ad-supported streaming model has the potential to generate a similar level of sentiment.
- Autoblog
Robot cars get a big push in China's cities
A New York Times report investigates China's accelerated research and usage of autonomous taxis
- Yahoo Finance
Walmart is winning over investors, but its growth story relies on three key e-commerce initiatives
Walmart has been a reliable stock performer — but it needs to grow its e-commerce to maximize its future potential.
- TechCrunch
Tesla shareholders sue Musk for starting competing AI company
Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup. The lawsuit is one of the most direct challenges to Musk’s decision to start xAI, and it comes on the heels of his threat to develop AI outside of Tesla unless he is awarded more voting control over the company. The suit was also filed just a few hours before Tesla is scheduled to host its annual meeting, where shareholders will likely vote to re-ratify the $56 billion compensation package that was struck down by a judge earlier this year.
- Yahoo Finance
US prepares for antitrust clash with AI heavyweights Nvidia, OpenAI, Microsoft
The biggest antitrust regulators are stepping up their scrutiny of the nation’s most powerful developers of artificial intelligence, the latest effort by the Biden administration to rein in what it views as anticompetitive behavior.
- Engadget
Snap will pay $15 million to settle California lawsuit alleging sexual discrimination
The California Civil Rights Department has revealed that Snap Inc. has agreed to pay $15 million to settle the lawsuit it filed "over alleged discrimination, harassment, and retaliation against women at the company."
- Yahoo Finance
Getting hired now is easier if you make less money
The hiring of low-wage workers is still rising even as demand for higher-paid employees softens.
- Engadget
Elon Musk sued for alleged sexual harassment and retaliation by former SpaceX engineers
Eight former SpaceX engineers filed a lawsuit against Elon Musk on Wednesday, accusing the CEO of sexual harassment and retaliation. The same group of fired employees have also filed complaints with the NLRB about SpaceX’s alleged retaliation.
- Yahoo Finance
For contract workers, saving for retirement can be daunting. Here's how to get started.
Saving for retirement can be tricky for self-employed workers, but there are some painless saving options to help.
- Yahoo Finance
Oil falls 3% on OPEC production cut as demand worries surface
Oil slides after OPEC+ detailed the unwinding of its production cut plan going into 2025. Wall Street had expected cuts to be extended through the end of the year.
- Engadget
AT&T, Verizon services restored after call disruption issues across multiple states
AT&T and Verizon customers found themselves unable to call contacts on other carriers for several hours on June 4.
- Engadget
LinkedIn’s AI job coach can write your cover letters and edit your resumé
LinkedIn has added a bunch of new capabilities for its premium subscribers who are #OpentoWork, including personalized resumé, AI-assisted cover letters and more conversational job searches.