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The market won’t solve North Carolina’s chronic affordable housing shortage
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TechCrunchIndian ride-hailing giant Ola quits UK, Australia and NZ in international pullback
Indian ride-hailing giant Ola is shutting down its operations in the U.K., Australia and New Zealand, six years after expanding to international markets, as it shifts focus to shoring up its domestic business ahead of an initial public offering. An Ola spokesperson told TechCrunch that the SoftBank-backed ride-hailing startup sees "immense opportunity for expansion in India," where it operates in hundreds of cities and offers a range of transportation options, including two-wheelers. "With this clear focus, we’ve reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the U.K., Australia and New Zealand," the spokesperson added.
- Autoblog
UPS and FedEx find it harder to replace gas guzzlers than expected
Shipping companies like UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers.
- Yahoo Finance
Re-vote on Elon Musk’s pay could expose Tesla to even more legal trouble
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- Yahoo Finance
Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans
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- Autoblog
BYD got $3.7 billion in Chinese aid to dominate EVs, study says
China’s BYD Co. received at least $3.7 billion in direct government subsidies as part of Beijing’s push to dominate electric vehicles and other clean technologies, according to a new study.
- Engadget
Only 57 companies produced 80 percent of global carbon dioxide
A new report found that just 57 companies produced 80 percent of carbon dioxide emissions worldwide between 2016 and 2022.
- Autoblog
This Milwaukee mechanics tool set is an impressive 40% off at The Home Depot
Now available at an unbeatable 40% discount during The Home Depot's spring sale, this set is meticulously engineered for maximum tool strength, ensuring durability and longevity for any task. The flush directional lever and socket flats are designed to prevent rolling, while the stamped socket sizes offer easy visibility.
- TechCrunch
Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 'electric upgrade' discount
Rivian is offering discounts up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs. The promotion, which kicked off on April 22, is aimed directly at some of the best-selling and most ubiquitous gas-powered trucks and SUVs on the market today, including the Ford F-150, Toyota Tacoma and Jeep Wrangler. Rivian is even going after German automakers, Audi and BMW.
- Yahoo Finance
Retirement confidence in the US ticks up; new rule for financial advisers is set to start
Two-thirds of Americans reported that they feel confident they have enough money for a comfortable retirement, up a notch from last year.
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In VW's EV plant in eastern Germany, gas engines are now verboten
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- Yahoo Sports
Michigan given three-year probation, recruiting penalties by NCAA for football violations
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- Yahoo Finance
The stifling impact high inflation has on retirement savers
For many Americans, the daily costs of living have made saving for retirement a struggle. They’ve paused contributions to retirement accounts, pared them back, or dipped into these funds.
- Yahoo Finance
Whether Wall Street garden leaves survive noncompete ban is an 'open question'
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
- Autoblog
Tesla job cuts: workers in U.S. and China, 'some really good players too'
Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering.
- Yahoo Finance
AstraZeneca CEO on US-China tensions: 'We have established a very resilient supply chain'
AstraZeneca CEO Pascal Soriot joined Yahoo Finance to discuss the company's earnings today.
- Engadget
Google asks court to reject the DOJ’s lawsuit that accuses it of monopolizing ad tech
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- Engadget
Meta asks a judge to throw out an FTC antitrust case
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- Engadget
The FTC accuses Amazon of using Signal’s auto-deleting messages to erase evidence
As part of its antitrust suit against Amazon, the FTC accused the company of using Signal’s disappearing messages feature to conceal communications.
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10 best car gadget deals of the week, including a popular hand vac for just $19
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Lawhive raises $12M to expand its legal tech AI platform for small firms
U.K.-based legal tech startup Lawhive, which offers an AI-based, in-house "lawyer" through a software-as-a-service platform targeted at small law firms, has raised £9.5 million ($11.9 million) in a seed round to expand the reach of AI-driven services for "main street" law firms. To date, most legal tech startups that have deployed AI have concentrated on the big, juicy market of "Big Law" — large law firms that have a presence throughout the country or globally and are keen on pushing AI into their workflows. Such startups include Harvey (U.S.-based; raised $106 million), Robin AI (U.K.-based; raised $43.4 million) and Spellbook (Canada-based; raised $32.4 million).