Tesla net income and earnings drop more than 20%

Tesla net income and earnings drop more than 20%

Tesla profit miss estimates, gross margin dips to 19.3% on price cuts. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Net income came in at $2.51 billion, down 24%...
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Robert F. Kennedy Jr. formally announces run for president

Robert F. Kennedy Jr. formally announces run for president

The Democrat Robert F. Kennedy Jr. formally announced his candidacy at the Boston Park Plaza Hotel. He was introduced by two-time former Democratic presidential candidate, Dennis Kucinich. “I am not an ideal presidential candidate,” Kennedy told th...
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Lockheed Martin Tops Earnings Forecasts

Lockheed Martin Tops Earnings Forecasts

Lockheed Martin – the producer of the F-16, F-35 fighter jets and guided missiles has been a heavy supplier of weapons and other military equipment for Ukraine war. Lockheed Martin provided thousands guided missiles for High Mobility Artillery Rocket Sys...
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Science: Predicting Alzheimer’s Disease 10 Years Earlier

Science: Predicting Alzheimer’s Disease 10 Years Earlier

A new study conducted by Swedish scientists could open the path for easier and earlier screening for Alzheimer’s disease, with the possibility of detecting the incurable neurodegenerative disease up to a decade in advance. arly detection of Alzheimer’s dis...
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New Global Currency Unveiled: The Universal Monetary Unit

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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Head Of Slovak Central Bank Convicted Of Bribery

Head Of Slovak Central Bank Convicted Of Bribery

The head of Slovakia’s central bank, and one of the most outspoken hawks on the ECB governing council, was convicted Thursday of bribery and fined 100,000 euros. The country’s Special Criminal Court handed National Bank of Slovakia Gov. Peter Kazimir...
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Rumor: TSMC plans JV fab in Germany

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Delta loses $363 million

Delta loses $363 million

Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue. But the airline predicted it will make a bigger-than-expected profit in the current...
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Rumor: TSMC plans JV fab in Germany

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Apple now gets roughly 7% of its iPhones from India

Apple now gets roughly 7% of its iPhones from India

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India...
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PC Shipments Plunge 40% In Q1

PC Shipments Plunge 40% In Q1

New data via International Data Corporation’s (IDC) Worldwide Quarterly Personal Computing Device Tracker shows first quarter shipments were around 56.9 million, or about a 29% decline compared to the same quarter in 2022. IDC blamed continued “we...
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Macron Says Europe Should Reduce Dependence On US Dollar

Macron Says Europe Should Reduce Dependence On US Dollar

After spending around six hours with Chinese President Xi Jinping as part of a three-day state visit to China, Macron made extremely clear that France wants nothing to do with WWIII, emphasizing that Europe must employ “strategic autonomy,” presum...
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Peace for Houthis, after 370,000 dead

Peace for Houthis, after 370,000 dead

A Saudi delegation has reportedly met with a number of high-ranking officials from the Yemeni Ansarullah resistance movement in Sana’a as part of preparations for talks to reach a final ceasefire agreement to end the eight-year Saudi war. Yemeni media...
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Mexico To Buy 13 Power Plants From Spanish Energy Major

Mexico To Buy 13 Power Plants From Spanish Energy Major

Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters reports, is part of the Lopez Obrador government’s ambition to return control over Mexico’s electricity...
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Major global powers ditching the U.S. dollar

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
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