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Fri, Apr 03, 2026 01:47 PM All times are UTC

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Elon Musk’s $56 Billion Payday Rejected Again, Tesla Shares Slip in After-Hours Trade

Dec 03, 2024 01:38 am UTC| Economy

Tesla shares dipped 1.3% in extended trading Monday after a Delaware court ruled against Elon Musks $56 billion pay package, deeming it excessive and void. The company announced plans to appeal while analysts predict a...

GM Offloads Michigan Battery Plant Stake to LG Energy as EV Ambitions Take a New Path

Dec 03, 2024 01:24 am UTC| Economy

General Motors will sell its Michigan battery plant stake to LG Energy Solution as part of a significant pivot in its electric vehicle plans. The deal highlights GMs evolving approach to the EV market, emphasizing...

UK Retailers Hit Hard: BRC Survey Reveals November Sales Plunge Amid Festive Season Jitters

Dec 03, 2024 01:06 am UTC| Economy

UK retailers reported a sharp 3.3% year-on-year sales drop in November, the lowest since April, according to the latest BRC survey. The decline reflects calendar disruptions from Black Friday, rising energy costs, and...

South Korea CPI Dips Again in November, Fueling Speculation Over More Bank of Korea Rate Cuts

Dec 03, 2024 00:44 am UTC| Economy

South Koreas consumer inflation slowed to 1.5% in November, missing expectations and reinforcing prospects of more rate cuts by the Bank of Korea. The reading, just below the central banks target, follows two consecutive...

Tesla Scores Big as Longtime Critic Turns Bullish, Boosting Price Target from $85 to $380

Dec 02, 2024 23:41 pm UTC| Economy Technology

Teslas stock received a major boost as Roth MKMs Craig Irwin upgraded his rating from Neutral to Buy, raising the price target to $380. Irwin, a longtime Tesla skeptic, now sees Trump-backed policies and a growing...

NZ’s gas shortage was not caused by the offshore exploration ban – but it was still a flawed policy

Dec 02, 2024 23:37 pm UTC| Insights & Views Economy

Historically, gas in New Zealand traded below NZ$10 per gigajoule. When prices hit $50 per gigajoule in August this year, anyone with gas to sell could have made a lot of money. But there clearly wasnt much gas around....

Cybertruck Lease Prices Slashed 10% as Tesla Grapples with Demand Drop and Sales Goals

Dec 02, 2024 23:27 pm UTC| Technology Economy

Tesla has cut Cybertruck lease prices by 10% in a bid to reinvigorate demand after exhausting its reservation backlog. Challenges such as high pricing and reduced range have prompted Tesla to introduce aggressive sales...

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Economy

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures

A senior Bank of Japan official reaffirmed the central banks commitment to continuing its interest rate hike cycle, while closely monitoring how the ongoing Middle East conflict is shaping Japans economic outlook and...

Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar

Japanese Finance Minister Satsuki Katayama issued a stern warning to currency traders on Friday, signaling that Tokyo is prepared to take decisive action against what officials describe as speculative behavior driving...

China's Services Sector Maintains Growth Streak Despite March Slowdown

Chinas services industry continued to expand in March, though at a notably slower pace, as weakening demand and ongoing workforce reductions tempered activity across the sector. According to the latest RatingDog Services...

U.S. Stock Futures Stabilize Ahead of Good Friday as Investors Eye Jobs Report

U.S. stock index futures held steady Thursday evening as markets entered a cautious holding pattern before the Good Friday holiday closure, with traders weighing Middle East tensions and positioning ahead of a critical...

Politics

Iran-U.S. Military Tensions Escalate as Tehran Fortifies Key Energy Infrastructure

As geopolitical tensions between the United States and Iran intensify, Tehran is ramping up its military readiness in anticipation of a potential ground operation on its soil. According to reports from the Wall Street...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

First Western Ship Transits Strait of Hormuz Since Iran War Began

A container vessel operated by French shipping giant CMA CGM has become the first Western-linked ship to successfully navigate the Strait of Hormuz since the outbreak of the Iran war in late February, signaling a cautious...

Trump Fires Attorney General Pam Bondi Over Epstein Files and Slow Prosecutions

President Donald Trump removed Attorney General Pam Bondi from her position on Thursday, ending a tenure marked by controversy and growing frustration from the White House. Sources familiar with the matter say Trump had...

Ukraine Frontline Holds Firm as Zelenskyy Claims March Offensive Successfully Repelled

Ukrainian President Volodymyr Zelenskyy declared this week that the countrys frontline situation is the strongest it has been in ten months, crediting the Ukrainian armed forces with successfully neutralizing a major...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...