Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Economists Optimistic After Stocks Hit New Record
Economists Optimistic, After Stocks Hit, New Record.
NPR reports that the S&P 500 has risen
above 5,000 for the first time in history.
The broad-based U.S. index of the most-known companies around the globe opened over the
historic milestone at the opening bell on February 9.
.
Investors are feeling
optimistic that we have
sidestepped a recession, Sam Stovall, chief investment strategist
at the financial research firm CFRA, via NPR.
According to the latest economic data, the Federal
Reserve appears poised to pull off its goal of achieving
a so-called "soft landing" for the U.S. economy.
.
The potential good news comes after a year-long
rate-hiking campaign by the Fed to combat high
inflation amid widespread fears of a recession.
So far, the S&P 500 is up over 5%
in 2024, coming off of a strong 2023,
which saw the index gain 24%.
NPR reports that a select group of stocks,
referred to as "The Magnificent Seven,"
accounted for most of the market's broader gains.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
It's a couple growth sectors,
and that's it.
What's leading
the market is still more
growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
If you look at the history,
my guess is we spend some
time above 5,000, probably
spend some time below 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
And I think we
can actually move
well beyond 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
On the morning of May 15, both the S&P and the
Nasdaq hit all-time highs after new data suggested
inflation may be easing in line with expectations.
Quartz reports that the Dow Jones Industrial Average
is also inching toward the record-breaking
40,000 mark, which it almost hit in March. .
According to the latest Bureau of Labor
Statistics data, April saw the Consumer Price
Index, a key gauge of inflation, rise by 3.4%.
At the same time, consumer prices
increased by 0.3%, slowing slightly
from March's 0.4% increase.
The latest data also shows that core prices,
which don't include food and energy, saw the lowest
increase since April of 2021, rising just 3.6%. .
As a result, investors have a sense of
renewed hope that the Federal Reserve will
begin to cut interest rates at some point in 2024.
The latest inflation data was released one day
after the Producer Price Index, which
measures wholesale inflation, increased 0.5%. .
Over the past year, the
index has increased 2.2%.
Shortly after markets opened, the Dow
jumped up 147 points, hitting 39,705, while the
S&P 500 and the Nasdaq saw 0.5% increases.
Shares in GameStop were down 30% after
experiencing a boost earlier this week by
the online return of investor "Roaring Kitten."
Credit: Wibbitz Top Stories Duration: 01:30Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Advocates Fight For Those , Sickened By US Nuclear Testing , Program on Capitol Hill.
On June 7, the federal Radiation Exposure Compensation
Act (RECA) program is set to expire, ending a lifeline
for families sickened by the country's nuclear testing. .
On June 7, the federal Radiation Exposure Compensation
Act (RECA) program is set to expire, ending a lifeline
for families sickened by the country's nuclear testing. .
NPR reports that advocates have gathered
on Capitol Hill to fight for so-called atomic
veterans and save the RECA program.
Over the past year, multiple bipartisan
bills were approved by the Senate to
reauthorize and expand the program. .
Those bills stalled out in the House,
due to some Republicans objecting
to the cost of the program. .
According to sponsors of the bills, those concerns
were addressed by reducing the initial 2023 estimate
of $143 billion down to between $50 and $60 billion. .
NPR reports that RECA has provided payments up to
$75,000 to those sickened by the nuclear testing
program, totaling $2.7 billion to over 400,000 recipients. .
One of the groups fighting to have
the program extended is the
Tularosa Basin Downwinders Consortium. .
The group works to raise awareness of illnesses
linked to Trinity, the government's code word for
the first nuclear bomb test, which took place in 1945.
Martinez White, a member of the group,
says fallout from those tests resulted in at
least six cases of cancer in her family of ten. .
I would often go home for
funerals and everybody in
Tularosa was dying of cancer.
We knew something was very weird. , Martinez White, Tularosa Basin
Downwinders Consortium member, via NPR.
There's no industry in the whole
Tularosa Basin but for White Sands
Missile Range, where the
Trinity bomb was detonated, Martinez White, Tularosa Basin
Downwinders Consortium member, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
Walmart Lays Off Hundreds of Workers , While Requiring Others to Relocate.
On May 14, the retail giant announced layoffs impacting several hundred employees at campus offices, NPR reports.
It was also revealed that most remote workers and
employees in Dallas, Atlanta and Toronto will be required
to move to "Bentonville, Arkansas; Hoboken, New Jersey;
and the San Francisco Bay Area," NPR reports.
Chief People Officer Donna Morris
let workers know in a memo.
It has been a little over four years since
we faced the global pandemic that
reshaped our lives in many ways,
including our ways of working. , Chief People Officer Donna Morris, via memo.
With the goal of bringing more of us
together more often, we are asking the
majority of associates working remotely,
and the majority of associates within our
offices in Dallas, Atlanta, and our
Toronto Global Tech office, to relocate. , Chief People Officer Donna Morris, via memo.
Morris went on to address the
"reduction of several hundred campus roles." .
While the overall numbers are small
in percentage, we are focused on
supporting each of our associates
affected by these changes, Chief People Officer Donna Morris, via memo.
A reason for the layoffs was not provided other than the fact that "some parts of our business have made changes," Morris said.
We have had discussions with
associates who were directly
impacted by these decisions. , Chief People Officer Donna Morris, via memo.
We will work closely with them in
the coming days and months to
navigate the best path forward, Chief People Officer Donna Morris, via memo
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Be , a Better Neighbor.
You don't even know
your neighbors, do you?.
Per a Pew Research study conducted in 2018, only a quarter of adults under 30
said they know even one of their neighbors.
A fostered sense of community may be what's missing in your young life.
A fostered sense of community may be what's missing in your young life.
Here are a few ways to
become a better neighbor:.
Say
Hello.
Obvious, yes, but the logical first
step to becoming a better neighbor
is to introduce yourself.
Don't do anything grandiose so you
don't come on too strong.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
Small Acts
of Kindness.
Show your neighbors that you can
be a kind and generous person.
Always clean up after your pets,
and don't litter.
Connect.
Often it may feel easier to just go home, but experts believe human connection is worth the effort.
Overcoming the initial anxiety may trouble you, but meeting new people could increase your happiness
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Are You in a Creative Rut? , Here's How to Stay Inspired.
Have you had a hard time accessing the creative part of your brain lately?.
Maybe you're hoping for a magical breakthrough
like something you'd see in a movie.
Experts say it may not be so easy, but it's still possible to pull yourself out of a creative rut if you keep these things in mind:.
Creativity Is for Everyone.
Most folks are creative, and experts
say you don't have to be a genius
to harness the power.
I think we are already
creative beings and
how you use that
[creativity] is
up to you, Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
You don't need to have particular skills; you don't need to have
particular materials. , Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
Take a Break.
Experts say allowing your brain to de-stimulate is great practice
if your schedule allows. .
What our brains actually need is periods of destimulation, Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
which means no screens, no emails, no audiobooks. , Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
Don't Force
Yourself.
Experts say don't use stress as a tool
to get things done.
Being overly reliant on pressure and stress may deepen your creative rut.
It could also increase chances of
anxiety attacks and depression
Credit: Wibbitz Top Stories Duration: 01:30Published
Consumer Outlook , Plunges Amid Fears of , More Price Hikes Ahead.
CNN reports that sentiment about the economy among
consumers in the United States has plummeted
to the lowest level in the past six months.
According to the latest consumer survey by the
University of Michigan, consumers are also bracing
for more price increases in the year ahead. .
The consumer expectations gauge,
which is closely monitored by the White House,
dropped 13%, representing the most significant
single month decline since mid-2021.
The latest news is still better than
last May when inflation was at 4%
compared to the current 3.5% reading.
However, CNN points out that despite inflation
being lower than the same time last year, the numbers
have been moving in the wrong direction.
The trajectory has shifted
economist expectations for
the Federal Reserve to cut rates. .
The latest Fed report saw expectations
for year-ahead inflation increase
to 3.5% from the 3.2% forecast in April. .
At the same time, long-run
expectations for inflation also
increased to 3.1% from April's 3.0%. .
According to Chicago Federal Reserve
President Austan Goolsbee, the latest data , "bodes awful for progress on inflation.".
There isn’t, at this time,
much evidence in my view that
inflation is stalling out at 3%, Austan Goolsbee, Chicago Federal Reserve President, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Federal Reserve Posts Massive, $114 Billion , Loss in 2023.
On March 26, the Federal Reserve
announced a record-breaking net
negative income of $114.3 billion in 2023.
Reuters reports that the loss follows
$58.8 billion in net income in 2022. .
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
Since releasing the numbers,
the Fed has stressed that negative net
income does not impede its ability to operate.
As a result of low rates and large
levels of bond holdings, the Fed has
earned significant profits in recent years.
Last year, the Fed's audited interest expenses for
banks' reserve balances reached $176.8 billion,
an increase of over $116 billion from 2022.
In 2023, the Fed's interest payouts from
its reverse repo facility were $104.33 billion,
increased from $41.9 billion the year before.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
Reuters reports that the Fed creates funds when
dealing with operating losses, capturing its loss
in an accounting device known as a deferred asset.
At the close of 2023, the deferred
asset stood at $133.3 billion.
As of March 20 of this year, that number
had risen to $157.8 billion with no
indication of how much larger it could get.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset.
Last year, a St. Louis Fed report forecast that it
could take years before the Fed can return to
profitability and reduce the country's deferred asset
Credit: Wibbitz Top Stories Duration: 01:30Published
Indian Cyber Coordination Centre and Microsoft collaborate to block over 1,000 Skype accounts linked to cyber fraud by fraudsters posing as police or government.. IndiaTimes
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The UAE's national security adviser,
Sheikh Tahnoon bin Zayed Al Nahyan, is the
current chairman of G42's board of directors. .
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
G42, which runs data centers in the Middle East
and elsewhere, has built the world's leading
Arabic-language AI model, Jais. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
The deal will also look to bring digital infrastructure
to regions that G42 has already established
a presence, including the Middle East and Africa.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
Prior to Microsoft's investment, the company
reportedly faced allegations of spying for its
connection to a mobile phone app identified as spyware.
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government. .
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government.
Credit: Wibbitz Top Stories Duration: 01:31Published
US Government Emails With Microsoft , Were Stolen by Russian Hackers.
On April 11, American officials confirmed
that emails sent between Microsoft and
U.S. government agencies have been
stolen by Russian hackers, CNN reports. .
According to Eric Goldstein, a senior
official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), .
those emails may have included login information like usernames and passwords.
At this time, we are not aware of any
agency production environments that
have experienced a compromise as
a result of a credential exposure. , Eric Goldstein, a senior official at the U.S. Cybersecurity
and Infrastructure Security Agency (CISA), via CNN.
Even though there is currently no evidence that the stolen credentials have been used to compromise federal computer systems, .
CISA described the occurrence as an "unacceptable risk to agencies.".
As a result, the agency released an "emergency directive" on April 11 ordering those potentially affected by the hack to bolster their defenses. .
The hack was first revealed by
Microsoft in January, but it has gotten more serious as new details continue to emerge.
CNN reports that the U.S. has
previously linked the hackers in question
to Russia's foreign intelligence service. .
A Microsoft spokesperson
issued a statement on April 11.
As we shared in our March 8 blog,
as we discover secrets in our
exfiltrated email, we are working
with our customers to help them
investigate and mitigate, Microsoft spokesperson, via CNN.
This includes working with CISA on
an emergency directive to provide
guidance to government agencies, Microsoft spokesperson, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
NYC’s AI Chatbot Has Been , Telling Businesses to Break the Law.
New York City's AI chatbot was created to help small business owners, but it's been dispensing concerning advice, AP reports. .
For example, many small business owners have
been given inaccurate information about local policies or been encouraged to break the law.
However, the city is not removing
the chatbot from its official website.
Instead, it has provided a disclaimer stating that the chatbot may "occasionally produce incorrect, harmful or biased" information.
Critics say that the situation highlights
the dangers of AI being used by
governments without proper guardrails.
They’re rolling out software that
is unproven without oversight, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
It’s clear they have no intention
of doing what’s responsible, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
There’s a different level of trust that’s
given to government. Public officials need
to consider what kind of damage they can
do if someone was to follow this advice
and get themselves in trouble, Jevin West, a professor at the University of Washington and
co-founder of the Center for an Informed Public, via statement.
Microsoft, which powers the chatbot, said it
is working with the city "to improve the service
and ensure the outputs are accurate and
grounded on the city’s official documentation.".
On April 2, Mayor Eric Adams said that
letting users find issues with the chatbot is just part of sorting out the new technology.
Anyone that knows technology knows this
is how it’s done. Only those who are fearful
sit down and say, ‘Oh, it is not working the
way we want, now we have to run away from
it all together.’ I don’t live that way, Mayor Eric Adams, via statement.
Julia Stoyanovich, a computer science professor and director of the Center for Responsible AI at New York University, referred to Adams' approach as "reckless and irresponsible," AP reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
WhatsApp Is Rolling Out , Passkeys for iOS.
The announcement was made on April 24.
WhatsApp passkey support on iPhones
comes months after Meta's encrypted messaging app made the feature available
to Android users, The Verge reports. .
Passkeys are meant to replace passwords because they are more secure and convenient.
They also enable you to sign in when disconnected from a network.
To enable passkeys for WhatsApp on
iOS, open settings, then go to accounts,
which is where you'll find the option.
However, rollouts can take time, so keep checking if you don't see passkeys right away.
WhatsApp spokesperson Zade Alsawah
said more people should see the option
"in the coming weeks.".
Alsawah also said that a QR code from
"Linked Devices" will still need to be scanned to log into the platform on other devices.
“since Mac, Windows and web can’t
be primary devices for an account.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
An Amazon worker tried to shoot his coworker this week in Ohio ... but, somehow he missed at point-blank range -- which all ended in tragedy when he was gunned.. TMZ.com
Reba McEntire is set to host the 59th ACM Awards this week on Amazon's Prime Video. The iconic singer spoke to THR all about her big return to Country Music's Party of the Year, new music, her new TV show, 'Reba' hitting Netflix and much more ahead of the ceremony that streams live on Thursday, May 16.
Credit: The Hollywood Reporter Duration: 03:09Published
The 'Legally Blonde' prequel series is officially a go at Amazon! Original 'Legally Blonde' star Reese Witherspoon was on deck to announce a series order for the show during Amazon's first-ever upfront presentation. The actress is set to executive produce the show from creator Laura Kittrell. The show, titled 'Elle,' will tell the origin story of Elle Woods as a 1990s high schooler.
Credit: The Hollywood Reporter Duration: 01:14Published
We're getting a first look at season 2 of 'The Lord of The Rings: The Rings of Power.' Prime Video dropped a teaser trailer, premiere date and story description for the sophomore season of its 'Lord of the Rings' drama series during Amazon's inaugural upfront presentation in New York City. The season will return fans to J.R.R. Tolkien's Second Age, and promises to show "the ascending evil presence of Sauron as he continues his vengeful quest for complete power."
Credit: The Hollywood Reporter Duration: 01:20Published
Indian Army colonel Waibhav Anil Kale killed in Gaza. Survived by wife and children in Pune. Attacked in Khan Younis en route to European Hospital in Rafah... IndiaTimes
Hundreds of protesters wanting to stop the expansion of a Tesla factory near Germany's capital of Berlin were blocked by police as they attempted to storm the.. Sky News
Hundreds of protesters attempted to storm Tesla's factory near Berlin Friday ... and CEO Elon Musk has already called out the demonstrators -- who got into an.. TMZ.com
Dive into the controversy surrounding Tesla's recent layoffs as Elon Musk's termination mail, described as 'insensitive', sparks outrage among employees and netizens. Join us as we explore the fallout and hear firsthand accounts from affected employees, shedding light on the human impact of corporate decisions.
#ElonMusk #ElonMuskMail #Tesla #TeslaLayoff #TeslaTerminationMail #TeslaEmployee #TeslaNews #Oneindia
~HT.178~PR.274~ED.194~GR.121~
Elon Musk , Loses Appeal of , 'Twitter Sitter' Provision .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement. .
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment. .
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Musk’s speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SEC’s civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Credit: Wibbitz Top Stories Duration: 01:31Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
![Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024 [Video]](https://video.newsserve.net/300/v/20240515/1375566508-Stock-Markets-Rally-Amid-Investor-Hopes-for-Interest.jpg)
![Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points [Video]](https://video.newsserve.net/300/v/20240412/1372522960-Fears-of-Potential-Iranian-Attack-Drive-US-Stocks.jpg)
![Advocates Fight For Those Sickened By US Nuclear Testing Program on Capitol Hill [Video]](https://video.newsserve.net/300/v/20240516/1375666766-Advocates-Fight-For-Those-Sickened-By-US-Nuclear.jpg)
![Walmart Lays Off Hundreds of Workers While Requiring Others to Relocate [Video]](https://video.newsserve.net/300/v/20240515/1375572522-Walmart-Lays-Off-Hundreds-of-Workers-While-Requiring.jpg)
![How to Be a Better Neighbor [Video]](https://video.newsserve.net/300/v/20240425/1373753528-How-to-Be-Better-Neighbor.jpg)
![Biden Is Giving $6 Billion to Micron Technology for Semiconductor Production [Video]](https://video.newsserve.net/300/v/20240425/1373731970-Biden-Is-Giving-Billion-to-Micron-Technology.jpg)
![Are You in a Creative Rut? Here's How to Stay Inspired [Video]](https://video.newsserve.net/300/v/20240425/1373732016-Are-You-in-Creative-Rut-Here.jpg)
![Consumer Outlook Plunges Amid Fears of More Price Hikes Ahead [Video]](https://video.newsserve.net/300/v/20240513/1375388796-Consumer-Outlook-Plunges-Amid-Fears-of-More-Price.jpg)
![Key Federal Reserve Inflation Gauge Rose 2.8% in March [Video]](https://video.newsserve.net/300/v/20240426/1373828506-Key-Federal-Reserve-Inflation-Gauge-Rose.jpg)
![Federal Reserve Posts Massive $114 Billion Loss in 2023 [Video]](https://video.newsserve.net/300/v/20240327/1371091068-Federal-Reserve-Posts-Massive-114-Billion-Loss-in.jpg)
![Microsoft Makes $1.5 Billion Investment in Leading UAE Technology Firm [Video]](https://video.newsserve.net/300/v/20240416/1372835054-Microsoft-Makes-Billion-Investment-in-Leading.jpg)
![US Government Emails With Microsoft Were Stolen by Russian Hackers [Video]](https://video.newsserve.net/300/v/20240412/1372498992-US-Government-Emails-With-Microsoft-Were-Stolen-by.jpg)
![NYC’s AI Chatbot Has Been Telling Businesses to Break the Law [Video]](https://video.newsserve.net/300/v/20240404/1371817078-NYC-AI-Chatbot-Has-Been-Telling-Businesses.jpg)
![OpenAI and Microsoft Make Plans for $100 Billion Data Center [Video]](https://video.newsserve.net/300/v/20240401/1371513548-OpenAI-and-Microsoft-Make-Plans-for-100-Billion.jpg)
![WhatsApp Is Rolling Out Passkeys for iOS [Video]](https://video.newsserve.net/300/v/20240425/1373746064-WhatsApp-Is-Rolling-Out-Passkeys-for-iOS.jpg)
![Danish celebrities report Meta to police over fraudulent ads [Video]](https://video.newsserve.net/300/v/20240411/1372405042-Danish-celebrities-report-Meta-to-police-over-fraudulent.jpg)
![Jon Stewart Says Apple Asked Him Not to Interview FTC Chair Lina Khan on "The Problem" | THR News Video [Video]](https://video.newsserve.net/300/v/20240402/1371609160-Jon-Stewart-Says-Apple-Asked-Him-Not-to.jpg)
![Reba McEntire on Hosting the ACM Awards, New Music, Her New Sitcom & More | THR News Video [Video]](https://video.newsserve.net/300/v/20240515/1375572214-Reba-McEntire-on-Hosting-the-ACM-Awards-New.jpg)
!['Legally Blonde' Prequel Series 'Elle' Ordered By Amazon | THR News Video [Video]](https://video.newsserve.net/300/v/20240515/1375509122-Legally-Blonde-Prequel-Series-Elle-Ordered-By-Amazon.jpg)
!['Lord Of The Rings: The Rings Of Power' Trailer: Season 2 To Premiere in August | THR News Video [Video]](https://video.newsserve.net/300/v/20240515/1375509124-Lord-Of-The-Rings-The-Rings-Of-Power.jpg)
![Tesla Layoffs: Elon Musk's 'Insensitive' Termination Mail Goes Viral, Employee Responds | Oneindia [Video]](https://video.newsserve.net/300/v/20240507/1374913768-Tesla-Layoffs-Elon-Musk-Insensitive-Termination-Mail.jpg)
![Elon Musk Loses Appeal of 'Twitter Sitter' Provision [Video]](https://video.newsserve.net/300/v/20240429/1374080272-Elon-Musk-Loses-Appeal-of-Twitter-Sitter-Provision.jpg)
![Mumbai Becomes Asia's Billionaire Capital on Global Rich List [Video]](https://video.newsserve.net/300/v/20240327/1371125858-Mumbai-Becomes-Asia-Billionaire-Capital-on-Global.jpg)
