Latest Austin News

Silicon Labs: Q2 Earnings Snapshot

Jul. 24, 2024 07:21 AM EDT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Silicon Laboratories Inc. (SLAB) on Wednesday reported a loss of $82.2 million in its second quarter. On a per-share basis, the Austin, Texas-based company said it had a loss of $2.56. Losses, adjusted for pretax expenses and stock option...

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Jul. 23, 2024 19:53 PM EDT

DETROIT (AP) — Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less...

Jon Gallagher scores late to rally Austin to 2-2 draw with Charlotte

Jul. 20, 2024 23:29 PM EDT

AUSTIN, Texas (AP) — Defender Jon Gallagher scored late in the second half and Austin FC rallied for a 2-2 draw with Charlotte FC on Saturday night. Gallagher used assists from Alex Ring and Diego Rubio in the 80th minute to score his second goal of the season for Austin (8-10-7)....

A massive tech outage is causing worldwide disruptions. Here's what we know

Jul. 19, 2024 16:30 PM EDT

NEW YORK (AP) — Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air. At the heart of the massive disruption is...

Black lawmakers are standing by Biden at a crucial moment. But some express concern

Jul. 19, 2024 16:24 PM EDT

WASHINGTON (AP) — The Congressional Black Caucus prides itself on its authority among Democrats and its influence with President Joe Biden in particular. So far, only one of its roughly 60 members have joined calls for Biden to drop his reelection bid due to concerns over his age and ability to...

Trump's convention notably downplays Jan. 6 and his lies about election fraud

Jul. 18, 2024 15:19 PM EDT

MILWAUKEE (AP) — As the Republican National Committee moves into its final day Thursday, the loudest applause for a speaker not named Trump so far has been for a previously little-known economist who served as a trade adviser to the former Republican president. Peter Navarro came...

Jordan Morris scores a goal as Sounders beat Austin 1-0 for 4th straight win

Jul. 13, 2024 23:09 PM EDT

AUSTIN, Texas (AP) — Jordan Morris scored a goal and Stefan Frei had four saves to help the Seattle Sounders beat Austin FC 1-0 Saturday night for its fourth win in a row. Seattle (9-7-7) has five wins in its six-game unbeaten streak. Obed Vargas evaded multiple...

Judge who nixed Musk's pay package hears arguments on massive fee request from plaintiff lawyers

Jul. 08, 2024 18:59 PM EDT

WILMINGTON, Del. (AP) — A Delaware judge heard arguments Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla stockholder...

Texas officials urge coastal residents to prepare for Beryl as the storm moves toward the Gulf of Mexico

Jul. 05, 2024 14:21 PM EDT
AUSTIN, Texas (AP) — Texas officials urge coastal residents to prepare for Beryl as the storm moves toward the Gulf of Mexico.

Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected

Jul. 02, 2024 20:05 PM EDT

DETROIT (AP) — Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. The Austin, Texas, company said Tuesday that it sold 443,956...