Tesla’s recent announcement of workforce reductions, eliminating over 10% of its global workforce, led to a nearly 6% drop in its stock price, the lowest since May of the previous year. CEO Elon Musk conveyed the necessity of these layoffs, acknowledging his dislike for such actions but deeming them essential. This downturn follows a pattern… Continue reading Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem

Fuelpositive Corp. has successfully completed the factory acceptance testing (FAT) by Fuelpositive’s farmer-partner and adviser, Curtis Hiebert, from Sperling, Man., and shipment of the world’s first Fuelpositive FP300 system has commenced. Mr. Hiebert took time out of his busy spring season schedule to visit the team at Fuelpositive’s new small-batch manufacturing facility in Waterloo, On.,… Continue reading FUELPOSITIVE (TSXV:NHHH) ANNOUNCES SUCCESSFUL FACTORY ACCEPTANCE TESTING COMPLETED APRIL 10, 2024; FIRST ON-FARM FP300 SYSTEM SHIPS APRIL 15, 2024

Trump Media faced a steep decline of over 15% in its stock value after filing to issue millions of additional shares, with former President Donald Trump being the majority stakeholder in the company. This drop occurred coinciding with the commencement of Trump’s criminal trial in Manhattan on hush money-related charges. The company’s shares, traded under… Continue reading Trump Media shares plunge more than 15% after company files to issue additional DJT stock

VANCOUVER, BC and WILMINGTON, Mass., April 15, 2024 /CNW/ – Liberty Defense Holdings Ltd. (“Liberty” or the “Company“) (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that the HEXWAVE™ product was granted a formal equipment authorization approval from the… Continue reading Liberty Receives Formal Approval from Canadian Government for Immediate Deployment of HEXWAVE

Fanatics, known for its disruptive approach in the sports merchandise industry, is now expanding into the realm of live events with the launch of Fanatics Fest NYC. Inspired by the success of conventions like New York Comic-Con, CEO Lance Fensterman aims to create a three-day extravaganza celebrating all things sports. Set to be held at… Continue reading Brady, Jeter, Eli and Peyton Manning headline Fanatics’ effort to build a comic-con of sports

Amazon CEO Andy Jassy addressed the increasing challenges posed by regulators in blocking mergers, particularly citing the failed acquisition of iRobot, a robotic vacuum maker. Jassy expressed disappointment in the regulatory interference, emphasizing the potential competitive benefits the acquisition could have provided to iRobot. However, Amazon withdrew its $1.7 billion bid for iRobot in January… Continue reading Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: ‘It’s a sad story’

Nvidia, a leading chipmaking company, has experienced a 10% decline in its shares, putting it into “correction territory” from its recent all-time high. The company, known for its graphics processing units (GPUs), has thrived due to the artificial intelligence (AI) boom, which has increased demand for its chips, especially in compute-intensive AI applications and data… Continue reading Nvidia enters correction territory as stock falls 10% from all-time highs

Jack Ma, founder of Alibaba, has publicly commended the company’s significant reorganization and adaptation during what he described as a challenging past year. This marks his second major statement to employees within a short span. Amidst internal and external doubts and pressures, Ma noted the emergence of a resilient and courageous Alibaba team. The company’s… Continue reading Alibaba shares jump after founder Jack Ma re-emerges with praise of Chinese giant’s ‘transformations’

Dude Perfect, renowned for their viral basketball trick shots on YouTube, has secured a substantial investment ranging from $100 million to $300 million from Highmount Capital, marking a significant milestone in their journey. This funding aims to propel the group beyond the confines of the creator economy and into new strategic ventures. Co-founder Coby Cotton… Continue reading Popular YouTube channel Dude Perfect scores more than $100 million investment

Google aims to revolutionize cloud computing affordability with a custom-built Arm-based server chip, unveiled at its Cloud Next conference in Las Vegas. Set to debut later in 2024, this move marks Google’s endeavor to close the gap with rivals like Amazon and Microsoft, long proponents of Arm-based strategies in the cloud infrastructure market. While advertising… Continue reading Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft

Jamie Dimon, CEO and chairman of JPMorgan Chase, highlighted the profound impact of artificial intelligence (AI) on society in his annual letter to shareholders. Dimon emphasized the transformative potential of AI, likening it to historical technological innovations such as the printing press, the steam engine, and the internet. He underscored JPMorgan’s commitment to leveraging AI,… Continue reading Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

The Biden administration announced a preliminary agreement granting up to $6.6 billion in U.S. government funding to TSMC’s Arizona subsidiary under the U.S. CHIPS and Science Act. This funding is intended to support TSMC’s substantial investment of over $65 billion in three state-of-the-art fabrication plants in Phoenix, as outlined in the nonbinding agreement. Additionally, TSMC… Continue reading U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security