Tesla Inc (NASDAQ:TSLA) has rolled out a revamped version of the Model 3 electric vehicle in the US after a fierce price war with competitors last year. Featuring a new aerodynamic design, Tesla said the new model could go further on a single charge than previously, at 341 miles compared to 333 miles. Upgraded Model 3 is now available in North America → https://t.co/z1zvMWV1aK pic.twitter.com/WtNU27SYOk — Tesla (@Tesla) January 10, 2024 Tesla has faced scrutiny over the listed ranges of its vehicles, wit ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Boeing Co (NYSE:BA, ETR:BCO) boss Dave Calhoun has said the company acknowledges errors after a piece blew off one of its 737 Max 9 jets, operated by Alaska Air, earlier this month. Speaking to employees on Tuesday, the chief executive said: “We're going to approach this, number one, acknowledging our mistake. “We’re going to approach it with 100% complete transparency every step of the way.” Boeing has faced pressure to shed light on the causes of the incident, which saw a door plug panel - where an exit w ...

Walmart Inc (NYSE:WMT) is planning to implement new artificial intelligence-based tools to help shoppers, according to a keynote speech at CES in Las Vegas by CEO Doug McMillon. Under the new plans, the big box shop has created two AI tools, one to help workers with store replenishment and one to help customers with searches, as well as an augmented reality tool. The AI search tool is said to allow customers to find a range of products on the app by searching by activities like ‘football watch party’ or ‘di ...

Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) streaming subsidiary Twitch is poised to lay off hundreds of staff after the business has failed to turn a profit since being taken over, reports say. According to Bloomberg, the company is set to announce 500 layoffs as early as Wednesday, representing 35% of its headcount. This follows cuts of around 400 jobs last year, with Bloomberg attributing the latest layoffs to “concerns over losses”. Amazon acquired Twitch for almost US$1 billion in 2014, with the streaming se ...

Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) are the latest major lenders to slash mortgage rates.  Today, Barclays is expected to cut rates by up to 0.5 percentage points on products targeting homebuyers, including new two-year fixed-rate deals.  Barclays’ cheapest two-year fixed rate, which is only available to buyers with a deposit of at least 40%, will be cut from 4.62% to 4.17%.  It is also dropping its two-year fixed rate to 4.2% for buyers with a 25% deposit, while customers with a small dep ...

BlackRock Inc (NYSE:BLK) is to cut around 3% of its staff just months after it warned it was feeling the impact of investors parking money in high-interest cash accounts. Some 600 jobs will go out of a workforce of close to 20,000, said the world’s largest fund management group in a memo to staff, with the cuts spread among all of its various investment teams. BlackRock had US$9.1 trillion assets under management at the end of October, down slightly from three months earlier. The group has been heavily crit ...

BlackRock Inc (NYSE:BLK), one of the largest global asset managers, has warned investors about the potential risk of politicians promising increased spending to win the upcoming election, which could trigger a backlash in the bond market.   In 2022, unfunded tax cuts disrupted financial markets, leading to the resignation of then Prime Minister Liz Truss and intervention by the Bank of England.  The concept of ‘bond vigilantes’, investors who sell bonds in protest against policies they deem inflationary, ga ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...