An economic indicator that the Federal Reserve uses as a measure of inflation rose less than expected in August, showing that the central bank’s fight against rising prices is making progress. The personal consumption expenditures price index, which excludes food and energy, rose 0.1% in the month, less than the 0.2% rise expected in the…
Tesla plans to install 20,000 electric vehicle charging stations at 2,000 Hilton properties in the United States, Mexico, and Canada early next year, the companies said Thursday. For Tesla, building wall plugs is another way to increase mass adoption by providing more convenient charging locations. The company’s Universal Wall Connector can charge any North American…
The members of PayPal’s board announced that PayPal’s new CEO will be Alex Chriss. He currently runs the small business and self-employed group at Intuit. Chriss will take over for PayPal’s present CEO Dan Schulman from Sept. 27. Schulman had earlier announced a plan to resign from the role by the end of 2023. He will…
Amazon is successfully marching toward making same-day or next-day delivery the standard for Prime loyalty club members. Recently Amazon said it reached an important milestone in that direction. So far this year, the company delivered 1.8 billion packages to US Prime members on the same or next day, around four times the speed in 2019. Over…
