A US aircraft carrier and its strike group are headed into the hotly contested waters around Taiwan ahead of a possible visit by Nancy Pelosi to the island

The USS Ronald Reagan and its strike group are now operating the South China Sea. South Korean Defense Ministry via Getty Images A US aircraft carrier and its strike group are now operating in the South China Sea.The vessels were moved to the area amid tensions between China and the US.China has signaled that it…

Rivian lays off 6 percent of its workforce as it struggles with EV production

As expected, electric pickup manufacturer Rivian is laying off 6 percent of its 14,000-strong workforce in an effort to boost production without raising more funds, The Wall Street Journal has reported. The company has a 71,000 vehicle pre-order backlog for its R1T and R1S electric pickup and SUV, but had to slash its production forecast…