Tesla to lay off 229 employees, shuts San Mateo office

Fed’s Barkin says ‘definitely’ sees signs economy is softening

The U.S. economy is slowing as consumers are buffeted by inflation and pandemic-driven demand for goods returns to more normal levels, Richmond Federal Reserve president Thomas Barkin said on Tuesday. “I definitely see signs of softening,” Barkin said, with the evidence “most pronounced in lower income households” and in parts of the economy that saw […]

U.S. auto agency will not allow EV owners to pick alert sounds

U.S. auto safety regulators on Tuesday scrapped a 2019 proposal that would have allowed automakers to offer a variety of sound choices for electric vehicles and other “quiet cars.” Electric vehicles are often harder to hear at lower speeds than gasoline-powered engines. Under rules mandated by Congress and finalized by NHTSA, automakers must add sounds […]

Boeing deliveries reach highest monthly level since March 2019

Boeing Co delivered 51 airplanes in June to bring its first-half tally to 216 jets, up 38% from the same period last year, pushing its shares sharply higher on Tuesday. June’s deliveries exceeded the 50 threshold for the first time since March 2019 and included 43 Boeing 737 MAX, which is recovering from a nearly […]