Tesla recalls more than 80,000 cars in China over software, seatbelt issues

Tesla is recalling more than 80,000 cars in China. Investors will be watching to see if there will be any reputational damaged to the U.S. giant. Future Publishing | Future Publishing | Getty Images Tesla is recalling more than 80,000 cars in China over software and seatbelt issues, the Chinese market regulator said Friday. The … Read more

Biden administration loosens Trump-era ESG rules for 401(k) plans

Justin Paget | Digitalvision | Getty Images The Biden administration on Tuesday issued a final rule that makes it easier for employers to consider climate change and other so-called environment, social and governance factors when picking investment funds for their 401(k) plans. The U.S. Department of Labor rule, which takes effect in 60 days, undoes … Read more

Energy transition will fail unless wind power fixes problems: CEO

Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues currently facing the wind power sector. In an interview with CNBC’s … Read more

The employers Gen Z is rejecting show where companies need to step up

Matthew Kim, a senior at the University of California, Berkeley studying economics, is already in the midst of his hunt for a post-graduation job. But instead of focusing on a big name or a lucrative starting salary among the finance and consulting firms he’s evaluating, Kim is prioritizing how the company measures up.  “At the … Read more

Apple warns Covid restrictions in China are hurting iPhone production

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. VCG | Getty Images Apple said in a statement on Sunday that it has temporarily reduced iPhone 14 production because of Covid-19 restrictions at its primary iPhone 14 … Read more

Visiting Helion Energy when the Seattle region was cloaked in smoke

Cat Clifford, CNBC climate tech and innovation reporter, at Helion Energy on October 20. Photo taken by Jessie Barton, communications for Helion Energy, with Cat Clifford’s camera. On Thursday, October 20, I took a reporting trip to Everett, Wash., to visit Helion Energy, a fusion startup that has raised raised nearly $600 million from a … Read more

Oil is all that Putin has left, presidential advisor Amos Hochstein says

Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy … Read more

EU pushes ahead with plan to ban new diesel, gasoline cars

An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after … Read more

Amazon to open Kuiper internet satellite factory

Rendering of a United Launch Alliance’ Atlas V rocket carrying Amazon satellites. ULA/Amazon Amazon said on Thursday it will open a new plant in a Seattle suburb to build satellites for Project Kuiper. Project Kuiper, unveiled in 2019, is Amazon’s plan to build a network of 3,236 satellites in low Earth orbit to provide high-speed … Read more

Space race to connect satellites to phones with Apple, SpaceX, AT&T

The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier this year. The potential untapped market — which hinges on, but extends beyond, sending a text via space — is spurring a tale of two … Read more