Category: Uncategorized

Tesla (TSLA) earnings Q1 2024
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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
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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
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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...

House passes Ukraine, Israel, Taiwan aid, potential TikTok ban
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House passes Ukraine, Israel, Taiwan aid, potential TikTok ban

On Saturday, the House passed a series of bills to provide aid to Ukraine, Israel, and Taiwan, along with a package that included forcing the Chinese company ByteDance to sell TikTok. After a morning of debate on the House floor, the four bills will be wrapped into a single package and sent to the Senate...

All-out war, or measured retaliation?
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All-out war, or measured retaliation?

A banner depicting missiles and drones flying past a torn Israeli flag, with text in Persian reading “the next slap will be harder” and in Hebrew “your next mistake will be the end of your fake state”, hangs on the facade of a building in Palestine Square in Tehran on April 14, 2024.  Atta Kenare...

TikTok doubles ad buy to fight potential U.S. ban in Congress
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TikTok doubles ad buy to fight potential U.S. ban in Congress

Giovanna Gonzalez of Chicago demonstrates outside the U.S. Capitol following a press conference by TikTok creators to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024.  Craig Hudson | Reuters TikTok more...

ASML earnings drag semiconductor stocks lower
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ASML earnings drag semiconductor stocks lower

Workers at Carl Zeiss ZMT are seen outside giant vacuum chambers where optical systems for ASML’s new High NA EUV tool are tested. ASML Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had...

Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
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Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, D.C., on Dec. 13, 2023. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has...

Retail sales jumped 0.7% in March, much higher than expected
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Retail sales jumped 0.7% in March, much higher than expected

Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the upwardly revised 0.9% in February, according to Census Bureau data that...