New York(CNN Business)Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as …
Some execs at Hyundai are wary of partnering with Apple to make electric vehicles, Reuters reported. Hyundai confirmed in early January it was in “early-stage” talks with Apple about an electric car. “We are not a company which manufactures cars for others,” one exec reportedly said. Executives at South-Korean car giant Hyundai are split over …
Robert Downey Jr. is diving into the world of venture capital, announcing the launch of two new investment funds at the World Economic Forum’s virtual Davos meeting on January 27. The funds, which are part of a broader environmental initiative already launched by the Hollywood superstar, will support companies developing business models and technologies that …
One of the founders of Polish game studio CD Projekt is a billionaire yet again. The steady improvement of its Cyberpunk 2077 game—and a Twitter post from stock-market svengali and world’s second richest person Elon Musk—sparked a recovery in the firm’s rollercoaster share price as markets closed this week. Marcin Iwiński, who has guided the …
The weather app that delights in your misery is back and better than ever Carrot Weather — the entertainingly antagonistic weather application from developer Brian Mueller — just got its latest version 5.0 update, which brings a whole new (and far more customizable) design, removes the upfront price tag in …
Lionel Messi, the superstar striker with FC Barcelona, will earn more than 555 million euros ($674 million) from his current contract with the top Spanish soccer team, newspaper El Mundo reported, citing a copy of the contract. El Mundo, which published a redacted version of the document on its website, said the six-time winner of …
After a record-setting year of home sales in 2020, the housing market still shows no sign of cooling off. U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. The full stock of U.S. housing is now worth $36.2 trillion. …
PepsiCo, the planetary purveyor of sugary drinks, greasy chips, and (weirdly) oatmeal, hummus, and gazpacho(?) is partnering with Beyond Meat, the publicly traded plant-based protein provider, on a poorly named joint venture to hawk new plant-based food and beverages to consumers. The PLANeT Partnership (which was clearly branded by the same genius behind the comic …
U.S. automakers play catch-up with rivals in China, Europe General Motors Co. Chief Executive Officer Mary Barra just stomped on the electric-vehicle accelerator pedal. Call it the Biden effect. Six months ago the automaker backed the Trump administration in a legal battle that could have neutered California’s longstanding right to set its own …
Facebook Inc.’s Chief Executive Officer Mark Zuckerberg’s meeting with Australia’s Treasurer Josh Frydenberg in the past week did little to resolve the spat between the social media giant and the country over proposed changes to media laws. “Mark Zuckerberg didn’t convince me to back down, if that’s what you’re asking,” Frydenberg said on Australian Broadcasting …