Tesla's Musk halts use of bitcoin for car purchases

(Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.FILE PHOTO: Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado RuvicBitcoin fell more than 10% after […]

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Boeing wins FAA OK for 737 MAX electrical fix, notifies airlines

WASHINGTON (Reuters) -Boeing Co on Wednesday won approval from U.S. regulators for a fix of an electrical grounding issue that had affected about 100 737 MAX airplanes, clearing the way for their quick return to service after flights were halted in early April, the planemaker said.FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field […]

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Volvo Cars looking to list on Nasdaq Stockholm this year

FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front of a showroom of Stierli Automobile AG company in St. Erhard, Switzerland April 11, 2019. REUTERS/Arnd WiegmannSTOCKHOLM (Reuters) – Swedish automaker Volvo Cars said on Wednesday it is considering listing on the Nasdaq Stockholm stock exchange this year. The company, which is owned by […]

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How can we stop the next pandemic? Here's what WHO panel recommends

GENEVA (Reuters) -A new global system should be set up to respond faster to disease outbreaks to help ensure no future virus causes a pandemic as devastating as COVID-19, an independent World Health Organization review panel said on Wednesday.FILE PHOTO: A man runs past the burning funeral pyres of those who died from the coronavirus disease (COVID-19), during a mass […]

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Gas tops $3 amid Colonial Pipeline chaos

Gas shortages hitting the East Coast after Colonial Pipeline hack The East Coast is seeing a gas shortage due to the Colonial Pipeline cyberattack, resulting in a hike in prices. FOX Business’ Edward Lawrence with more. The national average for gas prices has now surged to $3 per gallon, according to the American Automobile Association, the most expensive since October […]

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Warren Buffett warns on US inflation

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)We’ve all missed live concerts, weekend getaways and long vacations in the sun. Finally, thanks to coronavirus vaccination campaigns, such activities seem possible again, encouraging investors to pile into travel and entertainment stocks. But a […]

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A defiant Cheney ousted by House Republicans for Trump criticism

WASHINGTON (Reuters) -U.S. House of Representatives Republicans on Wednesday voted to remove Liz Cheney from their leadership, punishing her for criticizing former President Donald Trump’s false claims that last year’s election was stolen from him through election fraud. After her ouster as the No. 3 House Republican was carried out in minutes in a closed-door meeting, a defiant Cheney said […]

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