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| Oracle is the next major tech company to announce move from California to Texas |
12/15/2020 |
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Texas has long targeted companies in high-cost California for relocation. This month, Hewlett Packard Enterprise, one of the early companies in Silicon Valley, said it will move to the Houston area and build a campus with two five-story buildings by 2022. In 2018, Toyota shifted its U.S. headquarters from Southern California, to Plano, Texas, a Dallas suburb.
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| China auto sales rose by double digits |
12/14/2020 |
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Sales in the industry’s biggest global market rose 11.6% over a year earlier to 2.3 million, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 12.6% to 2.8 million, holding steady at October’s growth rate.
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| Biden picks Asian American as top trade envoy |
12/11/2020 |
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The role is a Cabinet position, and the Senate will vote on whether to confirm Tai for the position. Biden's selection of Tai, who is Asian American, reflects his promise to choose a diverse Cabinet that reflects the makeup of the country.
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| Elon Musk takes residence in Texas to save tax |
12/11/2020 |
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Tesla has also recently begun construction on a Gigafactory in Austin. He frequently shuttles back and forth between the two states, so it’s not exactly a stretch to set up shop there.
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| Apple tightens App user privacy |
12/10/2020 |
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Called App Tracking Transparency, it will require apps to clearly ask for users' permission before tracking them. It was due to be launched this year but was delayed to allow developers more time to make changes.
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| SpaceX’s high-altitude test flight aborted at the last minute |
12/10/2020 |
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SpaceX came close to launching a prototype of the rocketship that company chief Elon Musk is designing to carry people to Mars. The goal was to shoot Starship to an altitude of eight miles (12.5 kilometers) — the highest yet — and then bring it back to a vertical landing.
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| Tesla to raise another $5 billion in stock market |
12/9/2020 |
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The company headed by Elon Musk has to finance some big-ticket capital spending this year because it’s building a new factory in Germany and has plans for an additional plant outside of Austin, Texas.
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| Amazon workers seeks to form union at Alabama warehouse |
12/8/2020 |
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Employees at the Bessemer facility filed a petition last month with the National Labor Relations Board saying they want to hold an election on forming a union to represent the 1,500 full and part-time workers at the so-called fulfillment center.
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| Economists are optimistic on full recovery before 2022 |
12/8/2020 |
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In the latest survey of the National Association for Business Economics. It found that 73% of surveyed forecasters say the economy will return to its pre-pandemic level by late 2021. That reflects greater optimism than the forecasters had expressed a couple months ago, when just 38% of them said they thought a full recovery could occur before 2022.
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| SpaceX has two space capsules in orbit at the same time |
12/8/2020 |
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“Dragons everywhere you look,” said Kenny Todd, NASA’s deputy space station program manager. With NASA’s commercial crew program officially under way, SpaceX expects to always have at least one Dragon capsule at the space station.
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| 3M to cut 2900 jobs in downsizing |
12/8/2020 |
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3M expects to achieve pre-tax savings of $200 million to $250 million from these actions, including $75 million to $100 million in 2021.
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| U.S. to place more Chinese companies on security list |
12/7/2020 |
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The Pentagon added four companies including Semiconductor Manufacturing International Corp. and China National Offshore Oil Corp. to a list of entities deemed to be part of efforts to modernize the ruling Communist Party's military wing, the People's Liberation Army. That raises the total number of companies on the blacklist to 35.
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