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The EV graveyard: All the electric cars axed by automakers this year

Hyundai confirmed to Business Insider that it will stop selling the Korean-built, standard Ioniq 6 in the US.The retro-styled sedan never matched the success of its crossover sibling, the Ioniq 5 (which the company said saw a surprising 33% sales year-over-year increase in February and another 14% increase in March).Hyundai said it sold just 229 Ioniq 6 units in February.”Sedan sales have declined a lot over the past decade, and the Ioniq 6 is no…

Finance news

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Why Big Tech’s 0 billion AI splurge is misleading

Big Tech’s AI spending is surging, though not necessarily because companies are building significantly more capacity. Loading audio narration… This week, industry executives pointed to the same underlying issue: sharply rising component costs, especially for memory chips, are inflating capital expenditures spent on data centers and other equipment.”We are increasing…

Business

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Thermos recalls 8M bottles, jars after defect blinds 3 people

Thermos is recalling more than 8 million food jars and bottles after a dangerous defect caused stoppers to “forcefully eject,” leaving some consumers blind. The Illinois-based company’s recall impacts about 5.8 million Stainless King Food Jars and 2.3 million Sportsman Food & Beverage Bottles sold over more than 15 years,…

Markets

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Why digging 12 miles deep is almost impossible

The deepest hole humans have ever drilled into the Earth is just 12.3 kilometers, about 0.2% of the distance to the planet’s core. That effort, the Soviet-era Kola Superdeep Borehole, took more than 20 years to complete. And despite decades of technological progress since, we haven’t gone any deeper. So…

Investing

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