Business

The Scout, a one-time competitor to Ford Broncos and Jeeps that was last sold more than four decades ago, is being resurrected by Volkswagen as a line of all-electric trucks and SUVs. Scout will become its own separate brand offering off-road-oriented electric trucks and SUVs in North America. A Scout SUV and pickup truck are…

Coke knows that its soda caps often end up as litter. So it’s trying to solve the problem by tethering them to the bottle, at least in the United Kingdom. Earlier this week, the British arm of the beverage company announced that it has started rolling out new versions of its plastic bottles. The new…

Mike Novogratz broke his silence on the TerraUSD meltdown, calling it a “big idea that failed” and warning that the tough environment for cryptocurrencies will continue. The founder of Galaxy Digital Holdings Ltd. and big backer of Terraform Labs, the company behind Terra and Luna, had gone silent for a week. Novogratz spent the time…

Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, told investors that the…

Who wants to own Twitter? Maybe Elon Musk doesn’t. Sure, maybe he is causing chaos to extract a lower price from the Twitter board, but he just as well may walk away altogether and create a Twitter clone. There is a “60%+ chance from our view Musk ultimately walks from the deal and pays the…

Apple has delayed plans to bring workers back to the office three days a week as COVID cases in its home state of California surged once again.   The tech company blamed recent Covid-19 surges in California for the delay of the three day a week requirement. Workers must still come in two days a week,…

Nestlé is rushing baby formula into the United States via airfreight in a bid to ease a nationwide shortage that is unnerving parents around the country. In a statement to CNN on Tuesday, Nestlé said it is flying in some baby formula produced outside the United States, including Gerber Good Start Extensive HA from the…

Britain’s Queen Elizabeth II made a surprise public appearance at the opening of a long-awaited train line in London on Tuesday. The monarch, walking with a stick, wore a bright yellow outfit and hat at Paddington station, in west London, to open the Elizabeth line, which is named in her honor. She was given a…

The US has warned that IT workers from North Korea are trying to get remote working jobs by hiding their true identities for the purpose of stealing money for Pyongyang. Many of them pretend to be from other parts of Asia, according to three US government agencies. They are allegedly helping to fund North Korea’s…

Twitter CEO Parag Agrawal and Elon Musk are engaged in a debate over an issue Musk has made central to his proposed purchase of the platform — spam. In a series of tweets on Monday, Agrawal laid out Twitter’s approach to spam accounts and its challenges dealing with them. Twitter (TWTR) suspends “over half a…