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Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds

Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds

Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company. “Tesla’s stock price volatility, declining sales, as

Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds Read More »

Mark Zuckerberg says Meta AI has 1 billion monthly active users

Mark Zuckerberg says Meta AI has 1 billion monthly active users

Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta’s AI assistant now has 1 billion monthly active users across the company’s family of apps, CEO Mark Zuckerberg said Wednesday at the company’s annual shareholder meeting. The “focus

Mark Zuckerberg says Meta AI has 1 billion monthly active users Read More »

HP sinks 15% as company misses on earnings, guidance due to ‘added cost’ from tariffs

HP sinks 15% as company misses on earnings, guidance due to ‘added cost’ from tariffs

Sopa Images | Lightrocket | Getty Images HP reported second-quarter results that beat analysts’ estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump’s sweeping tariffs. Shares sank 15% after the report. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 71 cents, adjusted vs. 80

HP sinks 15% as company misses on earnings, guidance due to ‘added cost’ from tariffs Read More »

Chip software stocks sink on report Trump ordered halt to China sales

Chip software stocks sink on report Trump ordered halt to China sales

The Synopsys headquarters in Mountain View, California, on April 13, 2022. David Paul Morris | Bloomberg | Getty Images Shares of chip design software makers Cadence and Synopsys slipped in Wednesday trading after The Financial Times reported that the White House told them to stop selling to clients in China. The report follows the Trump

Chip software stocks sink on report Trump ordered halt to China sales Read More »

Joby Aviation shares pop 13% as electric air taxi maker closes 0 million Toyota investment

Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment

Attendees view a Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force.  Bloomberg | Bloomberg | Getty Images Joby

Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment Read More »

Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says

Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government

Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says Read More »

Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue

The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings. Starling, which offers fee-free current accounts and

Goldman-backed Starling Bank reports 26% drop in annual profit as it flags Covid loan fraud issue Read More »

The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance

The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance

UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on

The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance Read More »

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