Recent Posts

Ford Motor loses $3.1 billion due to chip shortage and Rivian

Ford Motor said it lost $3.1 billion over the past three months and its revenue slid, in part because of a shortage of semiconductor chips which limited the number of pickups and SUVs available for sale in North America, but also as a result of its heavy investment in electric-vehicle …

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Tina Flournoy, Kamala Harris’ chief of staff, to exit administration

Vice President Kamala Harris’ chief of staff Tina Flournoy is leaving the Biden-Harris administration and will be replaced by veteran White House staffer Lorraine Voles, a White House official tells CBS News.  Voles has been a senior adviser to the vice president since last summer and served as communications director …

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Tesla profits soar in Q1, fueled by strong sales

Tesla reported Wednesday that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply-chain challenges and pandemic-related production cuts in China.  The electric vehicle and solar panel company made $3.32 billion from January through March. Revenue for the quarter was …

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