More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less during this year’s Singles’ Day or maintain their spending at 2022 levels, according to the US consultancy’s report published on Tuesday. 03:19 Singles’ Day: The world’s largest online shopping event takes place amid the slowdown in China’s economy Singles’ … [Read more…]
Business By Ariel Zilber Published December 26, 2023, 2:26 p.m. ET A Tesla software engineer suffered serious injuries when he was attacked by a malfunctioning robot on the floor of the electric car maker’s factory in Austin, Texas. Witnesses told the Information last month that the robot, designed to move aluminum car parts, held the … [Read more…]
Comment on this storyCommentAdd to your saved storiesSave The Biden administration’s efforts to encourage more Americans to buy electric vehicles are falling short of expectations as consumers worry about prices, battery range and a lack of charging stations. U.S. sales of all-electric cars are still growing rapidly — up more than 50 percent this year … [Read more…]
metro exclusive By Nolan Hicks Published December 25, 2023, 3:43 pm ET The controversial planned $17 billion expansion of Penn Station could be avoided — saving taxpayers money and three downtown blocks from the wrecking ball — but only if MTA, New Jersey Transit and Amtrak agreed to work together, like a Postal investigation found. … [Read more…]