The Tesla Cybertruck is finally ready to hit the road, boasting a degree of unconventionality that's both its selling point and its Achilles' heel.
Why it matters: The Cybertruck is the first brand-new Tesla model in three years — and it's the company's first-ever crack at the lucrative American pickup market.
Investment giant Charlie Munger, known as second-in-command to Warren Buffett at Berkshire Hathaway, has died. He was 99.
The big picture: Berkshire Hathaway, where Munger was vice chairman, said in a statement that "he peacefully died this morning at a California hospital."
Thanks to the soaring stock market, a lot of Americans are sitting on substantial capital gains in their (taxable) brokerage accounts. Those Americans should, as a rule, be donating shares to charity this Giving Tuesday instead of giving cash.
Why it matters: It's well known that donations to charity are tax-deductible — which is good news for the 12% of households who itemize their tax returns. What's less well known is that it's possible to save a substantial amount of tax via charitable donations even if you don't itemize your taxes.
Nearly 4,000 U.S. car dealers are asking President Biden to tap the brakes on proposed emissions regulations designed to ensure that two-thirds of new passenger cars are all-electric by 2032.
Consumers just aren't interested, they say, and electric vehicles (EVs) are stacking up on their lots.
A key question for U.S. dealmakers in 2024 will be if they continue to prioritize what Americans say about the economy over how they actually behave. Words vs. actions.
The big picture: Investors and bankers like to think of themselves as sober number crunchers, buoyed by just a bit of hunch and pattern recognition, but they're heavily influenced by the sentiments of friends and family who populate gloomy polling data (i.e., where animal spirits go to die).
Guardrails AI companies add to their products to prevent them from causing harm "aren't enough" to control AI capabilities that could endanger humanity within five to ten years, former Google CEO Eric Schmidt told Axios' Mike Allen on Tuesday.
The big picture: Interviewed at Axios' AI+ Summit in Washington, D.C., Schmidt compared the development of AI to the introduction of nuclear weapons at the end of the Second World War.
The European Commission on Monday objected to Amazon's proposed $1.7 billion acquisition of Roomba maker iRobot, saying it could restrict competition in robotic vacuum cleaners.
Why it matters: This is whiplash for iRobot shareholders.
Your boss would probably rather you didn't know this, but workers have a lot of leverage right now.
Why it matters: From highly paid AI engineers to teachers, delivery drivers and autoworkers, employees are getting what they want — thanks in part to a very tight labor market.
Fossil fuel lobbying at COP28 is facing scrutiny after a report alleged host country the UAE planned to discuss striking oil and gas deals with other governments at the climate summit, which starts Thursday.
Why it matters: The report — which COP28 organizers categorically deny —includes allegations that a UAE team prepared "talking points" to further the interests of ADNOC, a state oil firm that COP president-designate Sultan Ahmed al-Jaber heads.
Google will start deleting inactive Gmail accounts this week.
The big picture: The search giant is making the move in order to reduce the risk of forgotten or unattended accounts being compromised as they are often vulnerable and have fewer security checks.
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