Tesla Inc.  CEO Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc., citing a material breach of multiple provisions of the agreement. The announcement likely brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but then put the buyout

U.S. stock markets closed June 30 to the worst first half of the year since 1970, with the S&P 500 falling 21 percent as rising inflation and high interest rates plagued the U.S. economy. All the major segments of the U.S. auto industry suffered their share of Wall Street’s distress. From the ongoing semiconductor shortage

Self-driving tech company Argo AI said it laid off about 150 employees on Thursday. In a written statement, an Argo spokesperson said the layoffs were part of “prudent adjustments to our business plan” as the company plotted for future growth. Former Argo employees who worked in the company’s human resources, recruiting, technical sourcing and communications