US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.

The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.

“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...

Tesla has been ordered to recall nearly 4,000 of its Cybertrucks due to an accelerator pedal that can stick in place when pressed down.

The cause, according to the regulator: soap.

“An unapproved change introduced lubricant (soap) to aid in the component assembly of the pad onto the accelerator pedal. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document.

Tesla will recall nearly 3,900 Cybertruck pickups because of defective accelerator pedals that could dislodge, causing the vehicles to unintentionally accelerate and increasing the risk of a crash, according to a filing Friday, after Tesla halted Cybertruck deliveries last week amid speculation the models were affected by faulty pedals.

The recall affects 3,878 Tesla Cybertruck vehicles manufactured between November 2023 and April 2024, according to a National Highway Traffic Safety Administration filing.

Tesla has voluntarily recalled all of the nearly 4,000 Cybertrucks it has sold over faulty accelerator pedals that risk causing fatal accidents, the National Highway Traffic and Safety Administration confirmed on Friday.

According to a safety recall report by the NHTSA, the pad on the accelerator pedals of affected Cybertrucks “may dislodge, which may cause the pedal to become trapped in the interior trim above the pedal.”

The issue increases the risk of a collision as the driver loses the ability to properly use both the accelerator and the brake pedals.

WASHINGTON (AP) — President Joe Biden came out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying on Thursday that the U.S. needs to “maintain strong American steel companies powered by American steel workers.”

In a statement, Biden added: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”

Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies.

Biden will issue a statement expressing serious concern about the Japanese group’s proposed $14.9bn acquisition of the Pennsylvania-headquartered steelmaker before Prime Minister Fumio Kishida arrives for a state visit in Washington on April 10, according to six people familiar with the decision.

Las Vegas, NV – NBA Commissioner Adam Silver has fueled excitement for Las Vegas’ sport fans by confirming the city is “definitely” on the league’s expansion list. His remarks came during an appearance on ESPN’s “The Pat McAfee Show.” • Expansion decision awaits the conclusion of the current TV deal in 2024. • Las Vegas’ unique market presents no concerns due to strong local support and tourism. • Super Bowl LVIII’s success further boosts its appeal as a sporting destination. • The NBA has a long history of involvement in...

A general manager can do almost everything right and still lose the Super Bowl if his team doesn’t have the better quarterback. That point felt obvious on Sunday as Patrick Mahomes lifted the Kansas City Chiefs to a Super Bowl LVIII victory over the San Francisco 49ers.

Berkshire Hathaway announced the passing of Charlie Munger, the billionaire and vice chairman of the company, as well as longtime partner of Warren Buffett.

According to the press release, Munger, who was 99 at the time of his passing, died Tuesday morning.

"Berkshire Hathaway a few minutes ago was advised by members of Charlie Munger’s family that he peacefully died this morning at a California hospital," the company said in a press release.

Munger would have turned 100 on New Year’s Day.

Google is expected to soon start getting rid of some inactive accounts.

The company, owned by Alphabet, is slated to start its phased purge of personal Google Accounts whose owners haven’t signed into or used them in the past two years as soon as Friday, according to a May blog post and a webpage about its inactivity policy. 

Google previously indicated accounts that haven’t seen use since their set-up would face the chopping block initially.