Henry Payne The Detroit News Published 10:34 PM EDT May 3, 2019 Tesla Inc. reported a bigger-than-expected $702 million loss in the first three months of the year, pushing the electric car-maker back to the capital markets for as much as $2.7 billion to shore up its dwindling cash reserves. The red ink comes amid falling U.S. sales for electric vehicles and a struggle to show sustainable profits. So why are other automakers following its battery-powered business model? As part of its "zero-zero-zero" strategy, General Motors Co. is promising a zero-emission electric-vehicle future as well as an autonomous vehicle-driven promise of zero crashes and zero congestion. Ford Motor Co. is making a Mustang-styled Tesla-fighter while also pouring $500 million into EV truck-maker Rivian Automotive of Plymouth. And Volkswagen AG is ending development of gas-engine powered vehicles by 2026. Despite the headwinds facing EVs, … [Read more...] about Why are automakers betting so big on EVs?
Iphone catches fire while charging
Isobel Asher Hamilton, provided by Published 7:38 am CST, Tuesday, February 19, 2019 Hollis Johnson/Business Insider Business Insider spoke to 30 current and former Amazon workers across the US, the UK, and Europe about what it's like to work during peak season. Amazon's unseen army of hundreds of thousands of warehouse employees ensures millions of parcels are delivered every day during peak, which runs from Black Friday through to Christmas. They described a "brutal" reality of long hours, physical labor, fears about taking time off, workplace injuries, and the pressure to keep the wheels turning, even when the weather is treacherous. BI obtained figures that show ambulance call-outs to three Amazon warehouses in the UK increased during the company's busiest weeks of the year. There were conflicting accounts about the benefits of Amazon's $15 minimum wage hike. Some workers said the wage boost benefitted them, while others said they were worse off during peak … [Read more...] about 60-hour weeks, ambulance call-outs, and ‘swag bucks’: 30 employees describe the intense reality of working for Amazon during its busiest time of the year (AMZN)
The Daily Mail newspaper's Money Mail section is 50 years old today, here This is Money's sister publication delivers 50 money-saving tips to make you richer Money Mail was launched 50 years ago today to help families make their cash work harder. To celebrate we've compiled 50 of our favourite tips and tricks to help you save. From parking your car on a stranger's driveway to never going into a pound shop, there's something for everyone, whatever the size of your wallet. Just don't forget to haggle. Money Mail was launched 50 years ago today to help families make their cash work harder 1. Barter with insurers Never accept the first insurance renewal quote for household or car insurance. First, check comparison sites (and remember that some insurers, including Aviva, don't appear on them). You can use This is Money's insurance finders powered by MoneySupermarket to compare home and car insurance. Once fully armed with cheaper … [Read more...] about 50 brilliant money-saving tips to make you richer
For the past three years, a team inside Nike has been working on a shoe that could change the trajectory of the company. It’s the most-tested piece of footwear Nike has ever released. Athletes, ranging from high schoolers to pros, wore it for more than 27,000 miles on the court. Laces were snapped. Circuits were crushed underfoot. In the end, Nike developed a final product it calls Nike Adapt BB (the “BB” stands for “basketball”). At a glance, it’s a high-tech, low-top basketball shoe with self-tightening Power Laces. It’s the first time the legendary shoe designer Tinker Hatfield’s 30-year-old vision from Back to the Future II has come to life–at least in the form of a shoe that Nike is willing to deem a performance-level product (the company released a pair of self-lacing shoes back in 2016). But more importantly, it’s the first digitally connected shoe that doesn’t just measure your activity the way Nike+ … [Read more...] about Nike’s big bet on the future of connected shoes
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Jessica Teich Globe correspondent January 10, 2019 Quick: If there were a fire in your house and you could only save one material item, what would it be? Did you, like so many others, think of photo albums and home videos? It’s a sensible answer: “Your photos are your life story,” says Mike Hagan, photographer and author of “Thousands of Images, Now What?”Today, we use our phones as our cameras and photo albums. What if there was a proverbial fire in your phone, maybe in the form of a drop into a puddle, a bad fall, or a theft? What would happen to those photos and memories? Would you know how to save and recover them? Advertisement “Having offsite photo storage is really essential,” says Chris Sanchez, a professional photographer and founder of Boston Photography Workshops. “You just never know what’s … [Read more...] about How to protect all of those pictures trapped on your phone (and how to set them free)