Tag: business news magazine

Microsoft reports outage for Teams, Outlook, other services – Business News

Wide Microsoft outages

The Associated Press – | Stories: 408108

Microsoft said it’s seeing some improvements to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.

In a status update, the tech company reported “service degradation” for a number of its Microsoft 365 services.

Thousands of users reported problems with Teams, Outlook, the Azure cloud computing service and XBox Live online gaming service early Wednesday on the Downdetector website, which tracks outage reports. Many users also took

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Elon Musk’s tweeting style seizes spotlight in Tesla trial – Business News

Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter took center stage Wednesday in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined

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PRESS DIGEST-New York Times business news

Jan 27 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– A US federal judge in California has temporarily blocked enforcement of a new state law allowing regulators to punish doctors for spreading false or misleading information about COVID-19 vaccinations and treatments to their patients.

– Bed Bath & Beyond Inc disclosed in a regulatory filing on Thursday that it had defaulted on certain debt payments, weeks after the beleaguered retailer warned investors it was contemplating filing for bankruptcy protection.

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Tesla to build a $3.5B Semi truck plant in Nevada, the White House says [Video]

Tesla (TSLA) is building another production facility — in a state where it has an existing toehold.

Last night in his state of the state address, Nevada Governor Joe Lombardo mentioned that Tesla would soon be building its new Semi electric truck in the state.

“I am looking forward to joining Elon Musk and the team at Tesla tomorrow when they unveil plans to build a brand new $3.5 billion advanced manufacturing facility in northern Nevada for the company’s all-electric semi-trucks,” Lombardo said last night from the Nevada State Capitol in Carson City.

Per the Las Vegas Review Journal, the

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Mortgage rate buydowns are on the rise as homebuyers can cope with high interest rates

Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting.

Then, in December, their real estate agent presented an offer too good to pass. A home in Longmont was up for sale, and the seller was willing to offer a 2-1 interest buydown rate.

The concession would lower the Raymonds’ 5.75% contract interest rate of 2% in the first year and 1% in the second year, so they’ll pay just 3.75% interest in the first year

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Tesla video promoting self-driving was staged, engineer testifies

A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer.

The video, which remains archived on Tesla’s website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk as evidence that “Tesla drives itself.”

But the Model X was not driving itself with technology Tesla had deployed, Ashok Elluswamy, director of Autopilot software at Tesla, said in the transcript of a July deposition taken as

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Why your grocery bills remain high even as inflation slows down

FP Explains: Why are Canadians’ grocery bills still climbing? It’s complicated

Published January 19, 2023 • 5 minute read

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Inflation in food retail prices has stayed stubbornly high, hovering around 11 per cent for the last four months.
Inflation in food retail prices has stayed stubbornly high, hovering around 11 per cent for the last four months. Photo by Stefani Reynolds/AFP via Getty Images

Canada’s inflation fever might have broken in December. The consumer price

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Virgin Orbit: Premature shutdown behind rocket launch fail – Business News

What led to rocket failure

The Associated Press – | Story: 405869

Virgin Orbit said Thursday its first attempt to launch satellites into orbit from the UK failed after its rocket’s upper stage prematurely shut down.

The US-based company used a modified Boeing 747 plane to carry one of its rockets from Cornwall in southwestern England over the Atlantic Ocean on Monday. The plane released the rocket, which carried nine small satellites, but the rocket failed to reach orbit.

In a statement Thursday, Virgin Orbit said initial data indicated that

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