Tesla sues ex-supplier Matthews over EV battery trade secrets

BuzzFeed
14 Poor Souls Who Were Excited To Start Their New Job, Only To Realize They Needed To Quit Immediately
"I spent my entire day inside a Starbucks applying for other jobs, went home, and got paid, but I never returned."
USA TODAY
Toyota recalls 145,000 Toyota, Lexus SUVs due to an airbag problem: See affected models
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
CBC
Migrant workers awarded more than $23K from N.S. seafood company
A group of eight migrant workers from Mexico has been awarded a total of more than $23,000 in lost compensation from a seafood company based in southwest Nova Scotia.In a decision from the Nova Scotia Labour Board released on June 14, chair Jasmine Walsh ordered Lower Wedgeport-based Ocean Pride Fisheries Ltd. to compensate the workers for deductions from their wages, missing hours, and pay that should have been provided in lieu of notice of termination.The workers first filed complaints in Sept
Barrons.com
Nvidia Stock Rebounds After Falling Into a Correction
The chip maker looks to have been hit by fears over a potentially stretched valuation and news that CEO Jensen Huang has been selling stock through a trading plan.
Global News
Why Boeing's potential criminal charges could have 'huge' impact globally
U.S. prosecutors have recommended Boeing face criminal charges over allegedly violating a deferred prosecution agreement related to two fatal crashes. Global’s Sean Previl reports on what that impact could be and why the company has a long road to regain the public's trust, even if no charges are laid.
GOBankingRates
I’m a Retirement Planner: 3 Reasons I Recommend People Don’t Retire in the Summer
Pre-retirees often give plenty of thought to the age to start planning their retirement, whether this means claiming their Social Security benefits early at age 62 or working until they're 70 for...
GOBankingRates
5 Signs Boomers Have Enough Savings To Last In Retirement
Retirement should be a time of rest, relaxation, and enjoyment. It shouldn't be a time to worry about your finances. If you're looking for the former, proper and proactive retirement planning from a...
South China Morning Post
Tesla may end up the only victim as Canada mulls punitive tariffs on Chinese-made EVs
Canada accused China of "anticompetitive practices" as it announced it is set to launch a public consultation exploring potential tariffs on Chinese electric vehicles (EVs), similar to that carried out by the US government. The month-long drive to solicit public opinion, which starts on July 2, will pave the way for policies to protect workers in Canada's automotive industry and its growing EV businesses from unfair trade practices, the Department of Finance said in a statement. At present, no C
Bloomberg
Peru Resolves Chinese Port Spat as President Prepares to Meet Xi
(Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Fr
Bloomberg
Top China Lithium Firm Files International Claim Against Mexico
(Bloomberg) -- Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1 billion.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assange to Plead Guilty
Reuters
China hits back at West's over-capacity allegations in EVs, lithium batteries
DALIAN, China (Reuters) -China's Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the U.S. and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies. Li's comments come as China and the European Union prepare to host technical talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the 27-strong bloc and after the United States unveiled steep tariff hikes on an array of Chinese imports, including EV batteries, in May. "China's production of advanced electric vehicles, lithium-ion batteries and photovoltaic products, etcetera, first met our domestic demand, but also enrich global supply," Li said in opening remarks in the northeastern Chinese city on Tuesday.
SmartAsset
Fidelity Advises Saving and Withdrawing This Much for Retirement
One of the most important questions to answer as you plan your retirement is how much money you need. The answer depends on a lot of factors, from your potential longevity to your lifestyle to how much you’ll be getting from Social Security. However, according to Fidelity, there are four key guidelines that retirement planning […] The post How Much Should You Save and Withdraw for Retirement? appeared first on SmartReads by SmartAsset.
The Canadian Press
Alberta regulator projects 17 per cent growth in oilsands production by 2033
CALGARY — The regulator responsible for overseeing Alberta's oil and gas sector has released a new report projecting the province's oilsands production will grow by more than 17 per cent by 2033.
Reuters
Warren Buffett's PacifiCorp reaches $150 million wildfire settlement
PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California. The settlement announced on Monday resolves substantially all individual claims in northern California related to the Slater Fire, which burned approximately 157,000 acres (63,536 hectares) over two months and crossed into Oregon before being contained. PacifiCorp has paid more than $1 billion to settle more than 1,600 claims arising from the Labor Day weekend fires with individuals and businesses in Oregon and California.
Fortune
China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions
China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.
Reuters
Analysis-Engine maker's Boeing dilemma seen weighing on Airbus output revision
PARIS (Reuters) -Engine maker CFM's wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely one factor in Airbus' move to delay planned jet output increases, industry sources said on Tuesday. On Monday, Airbus delayed a multi-year hike in narrowbody production, cut profit forecasts and trimmed its 2024 delivery target, blaming shortages of engines and other parts and sending shares in Europe's largest aerospace group tumbling on Tuesday. CFM, a transatlantic venture of GE Aerospace and France's Safran, makes LEAP engines that power all Boeing 737 MAX jets and typically just over half of the competing Airbus A320neo family, where they compete with the Geared Turbofan of RTX subsidiary Pratt & Whitney.
Business Insider
Airbus may have benefited from Boeing's struggles, but it isn't smooth sailing for the rival aviation giant
Airbus stock dropped 11% after it announced reduced delivery targets for its planes, and pushed back the date for increased A320neo output.
Yahoo Finance Video
Analysts underestimated how quickly AI would grow: Arm CEO
Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September. Arm Holdings CEO Rene Haas joins Market Domination Overtime to discuss the milestone and the British semiconductor company's outlook. Haas states that AI "is going to really, really change people's lives in terms of productivity, whether that's call centers that can become 100% automated, healthcare, bio-research where you can cut the research of a cancer drug from ten years to five years to three years. This is all going to be capable with AI. And then every device that we use, the data center, the automobile, your PC, your smartphone, they all need to run AI. There's no quibble around that." He notes that 70% of the world's devices use Arm chips, positioning them well in the overall AI race. He adds, "I think respectfully, the analysts maybe didn't quite understand or have an appreciation at the pace of which things were moving," pointing to how quickly AI has grown. He believes the technology will be a tailwind for both smartphones and Arm, stating, "Since most of these devices are already Arm-based and the software runs on Arm, it's pretty natural that we're going to be in the center of all of that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
CBC
How inflation took a bite out of workers' wages as they rose over the past decade
There's a stark difference when 32-year-old Olivia Polk compares her life to how her mom's looked at the same age.In terms of owning a home and a car, or having a family, "I don't have any of those things, and I don't imagine that I will any time soon," she said.Until recently, Polk worked for a Halifax organization that provides affordable housing, saw herself as middle class and made well above minimum wage.But despite sharing living expenses with her partner, she said they still live paychequ

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COUCHE-TARD TAPS ALEX MILLER TO SUCCEED CEO BRIAN HANNASCH

Tesla sues ex-supplier Matthews over EV battery trade secrets

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Airbus may have benefited from Boeing's struggles, but it isn't smooth sailing for the rival aviation giant

Analysts underestimated how quickly AI would grow: Arm CEO

How inflation took a bite out of workers' wages as they rose over the past decade