LONDON (AP) — Anti-poverty organization Oxfam warned Monday that the fallout of the coronavirus pandemic will lead to the biggest increase in global inequality on record unless governments radically rejig their economies. In a report geared to inform discussions at the World Economic Forum’s online...
AUSTIN, Texas (AP) — Dave Chappelle tested positive for the coronavirus just before his comedy show scheduled for Thursday, forcing his upcoming appearances to be canceled, a spokeswoman said. Chappelle was expected to perform Thursday through Sunday at Stubb's Waller Creek Amphitheater in Austin, Texas....
SAN FRANCISCO (AP) — A California coalition is proposing legislation to boost taxes on wealthy multinational corporations to raise more than $2 billion a year to house tens of thousands of homeless people, addressing what has become a worsening problem in the country's most populous state. Supporters say...
TOKYO (AP) — Asian shares were mostly lower Tuesday, echoing pullbacks on Wall Street as worries grow about surging coronavirus cases in the region. Japan's benchmark Nikkei 225 edged 0.1% lower in morning trading to 27,232.38, as the government was preparing to declare a state of emergency in Tokyo and...
NEW YORK (AP) — Tesla's annual sales rose 36%, but the electric car company came short of its annual goal to deliver 500,000 vehicles. The company said Saturday that it delivered 499,500 for the year, including 180,570 SUVs and sedans for the October through December period. CEO Elon Musk set a goal of...
BOSTON (AP) — Dr. Ashish Jha started 2020 thousands of miles from home, taking a sabbatical in Europe from his academic post at Harvard. Then the coronavirus pandemic arrived in the U.S. Jha, an expert on pandemic preparedness, returned to Massachusetts, and his blunt talk on the unfolding disaster was...
Tesla CEO Elon Musk says he once considered selling the electric car maker to Apple, but the iPhone maker’s CEO blew off the meeting. In a tweet Tuesday, Musk said he reached out to Apple CEO Tim Cook “to discuss the possibility of Apple acquiring Tesla (for one-tenth of our current value). He...
DETROIT (AP) — In the middle of last year, Tesla's losses were piling up, sales weren't enough to cover expenses and big debt payments loomed. The situation was so bad that one influential Wall Street analyst raised the possibility that Tesla wouldn't be able to pay its bills and would have to be...
A look at some of the key business events and economic indicators upcoming this week: TESLA JOINS S&P 500 Electric car maker Tesla is set to become the biggest company ever to join the S&P 500 index. S&P Dow Jones Indices will add the company Monday morning. Shares in Tesla, led by Elon Musk, have...
BETHESDA, Md. (AP) — Lockheed Martin is buying rocket engine manufacturer Aerojet Rocketdyne Holdings for $4.4 billion in a deal that brings together companies that already had been working together in the aeronautics industry. The acquisition announced late Sunday is part of Lockheed Martin's attempt to...