Author: admin

Home / admin
Tesla shares drop after Musk cuts about 500 jobs in Supercharger team
Post

Tesla shares drop after Musk cuts about 500 jobs in Supercharger team

Tesla Supercharger stations near a Circle K gas station in Austin, Texas, on April 23, 2024. Brandon Bell | Getty Images Tesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla, impacting an estimated 500 employees in its Supercharger team. The stock closed...

Samsung Electronics’ operating profit jumps 932.8% in first quarter, beats expectations
Post

Samsung Electronics’ operating profit jumps 932.8% in first quarter, beats expectations

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Samsung...

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue
Post

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue

Bob Bakish, then president and chief executive officer of Viacom Inc., speaks during the Mobile World Congress Americas event in Los Angeles, California, U.S., on Tuesday, Oct. 22, 2019.  Patrick T. Fallon | Bloomberg | Getty Images Paramount Global’s board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according...

U.S. chipmaker Intel was once dominant, now struggles to stay relevant
Post

U.S. chipmaker Intel was once dominant, now struggles to stay relevant

Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the...

Intel (INTC) earnings report Q1 2024
Post

Intel (INTC) earnings report Q1 2024

Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024. Mandel Ngan | AFP | Getty Images Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in...

Meta (META) Q1 2024 earnings
Post

Meta (META) Q1 2024 earnings

Meta shares plunged 16% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results. Here are the key numbers: Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG Revenue: $36.46 billion vs. $36.16 billion expected by LSEG Revenue increased 27% from $28.65 billion in...

Tesla (TSLA) earnings Q1 2024
Post

Tesla (TSLA) earnings Q1 2024

Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters Tesla reported a 9% drop in first-quarter revenue on Tuesday, the...

Oracle met with Senate aides on TikTok data housing project
Post

Oracle met with Senate aides on TikTok data housing project

Oracle‘s top lobbyist in Washington met privately with Senate aides about the company’s data housing agreement with TikTok this spring, after a bill that could effectively ban the social media app in the United States passed the House in mid-March. Oracle acts as the data center for U.S. TikTok users. The House legislation would require...

Unclaimed Baggage sells items in lost luggage at steep discounts
Post

Unclaimed Baggage sells items in lost luggage at steep discounts

Live snakes, a mounted ram head, a Halloween card signed by Richard Nixon. Those are some of the most fascinating items found in lost luggage in 2023, according to a new report by Unclaimed Baggage, a store that buys lost items from airlines, sight unseen. The company also found a 13-foot vaulting pole, gruesome props...