Autotrader: GM’s flexible electric vehicle platform is looking promising for the masses

New product announcements trickling out of General Motors GM, +2.65% show that its much-hyped Ultium EV architecture is starting to come into its own. We hear a lot of hype about supposedly revolutionary new electric vehicles from all over the industry. However, what General Motors has created with Ultium is starting to look like the …

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Russia's Goal in Attack on Nuclear Plant: Take the Electricity, Ukraine Says

The first sign of danger came when the dwindling crew of Ukrainian technicians running the Zaporizhzhia nuclear-power station noticed that officers from Russia’s state atomic energy company had left the premises without explanation. It was Aug. 5, and Russian soldiers were patrolling the facility. Then, at 2:40 p.m., explosions rocked an electrical switchboard, triggering the …

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YouTube Advances Plans for Streaming Video Marketplace

YouTube is planning to launch an online store for streaming video services and has renewed talks with entertainment companies about participating in the platform, according to people close to the recent discussions. The company hopes the new platform, which it is referring to internally as a “channel store” and which has been in the works …

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Best Buy Cuts Store Jobs to Help Boost Profits

Best Buy is cutting store jobs across the country, as the electronics and appliance retailer works to lower costs in response to changing customer spending habits. The retailer cut hundreds of jobs in stores over the past week, including some workers who do jobs such as helping people purchase or plan home-entertainment layouts, according to …

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Satellite Images of Crimea Air Base Indicate Explosions Destroyed Russian Jets

Updated Aug. 11, 2022 12:11 pm ET Listen to article (1 minute) Satellite images of the Russian air base in Crimea hit by explosions appear to show several destroyed war planes, contradicting Russia’s official account that no planes were lost in the blasts. Ukrainian President Volodymyr Zelensky said in a video address late Wednesday that …

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Walgreens Pays Bonuses Up to $75,000 to Recruit Pharmacists

Walgreens Boots Alliance is offering signing bonuses up to $75,000 to pharmacists in some markets as the company struggles to fill jobs amid a chronic worker shortage that became acute during the Covid-19 pandemic. The Deerfield, Ill.-based pharmacy chain said it is ramping up spending on labor to alleviate the shortfall, which has dented drug …

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The Roomba's Unpredictable, Oddly Mesmerizing Path to Amazon

How a robot born as a $10,000 prototype found its way into the middle of a $1.7 billion deal. read entire article

Ex-JPMorgan Traders Convicted in Federal Fraud Trial

A federal jury in Chicago convicted two former traders of JPMorgan Chase & Co.’s precious metals desk who had been charged with manipulating gold prices, finding they used misleading orders to rig prices. The convictions are the capstone of a seven-year Justice Department campaign to punish a style of deceptive trading in futures markets known …

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Chip Makers Expect Demand Slowdown to Expand Beyond PCs, Smartphones

The chip industry that was bracing for a difficult period with laptop sales slumping is adjusting to a wider and sharper slowdown even as semiconductor companies prepare to spend billions of dollars on new factories. “The market is worse than we thought it would be,” Mark Murphy, chief financial officer at memory maker Micron Technology …

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