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Month: July 2020

EV startups feel squeeze from Tesla

EV startups feel squeeze from Tesla

Tesla’s new Shanghai assembly plant has churned out popular Model 3 sedans for the past six months, catapulting the company atop the electric-vehicle sales chart and piling the pressure on cash-strapped local rivals.

Florida’s new unemployment claims drop even as businesses lay off hundreds

Florida’s new unemployment claims drop even as businesses lay off hundreds

Florida’s unemployment claims for the week ended July 4 remained high as businesses fought to stay open with modified staffs. Hotels such as the Boca Raton Resort & Club and Fontainebleau in Miami Beach informed the state that hundreds of workers will remain on the sidelines because the coronavirus pandemic is not close to being contained.