Chinese electric vehicle company Nio said it’s halting production and will delay deliveries as many of its suppliers have been forced to shut down due to China’s strict Covid lockdowns. The move illustrates the mounting costs of China’s zero Covid policy, which has forced millions in cities including Shanghai to be locked into their apartments, or even places of work. The implications could...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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