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Tesla buys trucking firms for deliveries

Bloomberg Elon Musk is apparently charting his way out of what he’s referred to as “delivery logistics hell” by making acquisitions and lining up contracts with trucking haulers. The Tesla Inc. CEO tweeted that Model 3s ordered in the US by the end of the month will be delivered by year-end. He wrote that using trucks instead of rail shaves ...

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Google plans high-flying balloons to provide internet in Africa

Bloomberg Bringing fast, widespread internet to rural Africa has proven vexing for companies that have tried—and largely failed—with strategies ranging from drones to satellites. Now, a sister company of Google says it has the answer: balloons. Loon, spun out of the search giant’s X innovation lab in July, is teaming up with Telkom Kenya Ltd. to build a network of ...

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Powell: Solid economy faces headwinds as Fed mulls rates

Bloomberg Federal Reserve Chairman Jerome Powell said the US economy is strong but could face headwinds next year as policy makers weigh how far and fast to raise interest rates. “We have to be thinking about how much further to raise rates, and the pace at which we will raise rates,” Powell said during a question and answers session in ...

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