Business

The journey toward electric vehicles has hit a rough patch. Sales are cooling off

5:12am January 31, 2024

by Camila Domonoske

EV sales grew more than 50% last year, but the pace of that growth is slowing. Ford and GM are slowing down electric vehicle production, but other automakers are forging ahead with all-electric plans.

Experts urge caution when it comes to the Federal Reserve lowering interest rates

5:12am January 31, 2024

The Federal Reserve faces a key decision this year: When to start cutting interest rates now that inflation is starting to ease? It's a call that could have a significant impact on the economy.

Economy

Morning news brief

5:12am January 31, 2024

Qatar's prime minister sounds a cautious note on a possible Gaza cease-fire and hostage deal. The Federal Reserve weighs when to cut interest rates. Electric vehicle sales are slowing down.

Tesla CEO Elon Musk waves as he arrives at the annual political festival Atreju, organized by the Giorgia Meloni's Brothers of Italy political party, in Rome, Dec. 16, 2023.

National

Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules

2:20am January 31, 2024

by The Associated Press

Elon Musk is not entitled to landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.

Neuralink has conducted its first surgical test of a brain implant, Elon Musk says. An example of the device, whose size has been compared to a coin and which has "threads" that connect to the brain, is seen here in a photo from the company's brochure.

What to know about Elon Musk's Neuralink, which put an implant into a human brain

5:27pm January 30, 2024

by Bill Chappell

"Imagine if Stephen Hawking could communicate faster than a speed typist or auctioneer," Musk said as he announced the step. "That is the goal."

World News

Toyota issues do-not-drive order for some older cars over defective airbags

5:09pm January 30, 2024

by Camila Domonoske

Toyota has issued a do-not-drive order for some older Corollas and RAV4s. It's part of a years-long effort to persuade U.S. drivers to fix cars with defective Takata airbags.

A Toyota RAV4 sits on the sales lot at a Toyota dealership in February 2011 in Oakland, Calif.

National

Toyota says 50,000 U.S. vehicles are unsafe to drive due to defective air bags

4:40pm January 30, 2024

by Diba Mohtasham

Toyota issued a "Do Not Drive" advisory for thousands of older models in the U.S., warning that a faulty air bag inflator has the potential to explode and seriously injure drivers or passengers.

Werfel says he wants to build a "menu of options" for how people can file their tax returns.

National

The IRS got $80B to help people and chase rich tax avoiders. Here's how it's going

11:04am January 30, 2024

Commissioner Danny Werfel says the IRS is seeing "very powerful early results" in its efforts to improve enforcement on high wealth is paying off.

Queue Listen Now

A UPS e truck is parked on a street in New York on May 11, 2023. On Tuesday, the company said it will cut 12,000 jobs.

Economy

UPS is cutting 12,000 jobs just months after reaching union deal

10:35am January 30, 2024

by The Associated Press

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. CEO Carol Tome said that the job cuts will produce $1 billion in cost savings.

Has remote work really been tragic for big companies' bottom lines?

7:23am January 30, 2024

More businesses are mandating employees to return to the office — claiming it boosts profits, but some experts say the data shows otherwise.

Queue Listen Now