Business

Siemens Energy investing B, creating highly skilled jobs in US

Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence strains the nation’s energy infrastructure. The investment is expected to create more than 1,500 highly skilled jobs across manufacturing,…

SpaceX acquires xAI in record-setting deal valued at over T

Elon Musk’s SpaceX said Monday it is acquiring artificial-intelligence startup xAI, a move that significantly expands the rocket and satellite company’s ambitions in data centers and advanced computing. The deal brings together SpaceX’s launch and satellite operations with the fast-growing AI company, giving Musk tighter control over the infrastructure, power…

Mazda under federal investigation for ‘sticky steering’ after recall

Mazda’s CX-90 is under federal investigation by the National Highway Traffic Safety Administration after a recent recall may have failed to fix a steering issue. The NHTSA launched its investigation after receiving 26 reports of sudden changes in steering difficulty, a phenomenon it describes as “sticky steering.” Mazda had issued…

French prosecutors raid Paris office of Elon Musk’s X

close video Paris authorities raided the French office of Elon Musk’s social media platform X on Tuesday, according to the Paris prosecutor’s office. In a post on its official X account, the prosecutor’s office said its cybercrime unit was conducting a search of X’s French premises as part of an…

Target’s new CEO takes over amid slumping sales, unrest in Minneapolis

Target’s new CEO, Michael Fiddelke, took over on Monday and faces the challenging task of turning around the retailer that has suffered a prolonged period of declining sales and now faces ongoing unrest in its home city of Minneapolis. Target announced in August that Fiddelke, then-chief operating officer and 20-year…