Recent News

BEVERLY HILLS, CALIFORNIA — At the Milken Institute Global Conference, Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., spoke about the current challenges Tesla is facing. As Musk continues to make ambitious promises about Tesla’s future in autonomous driving and robotics, investors are seeing a steady decline in profit margins. Tesla missed Wall Street estimates for second-quarter earnings, reporting a decline in its adjusted operating margin to 14.4%, the lowest in three years, down from 18.7% a year earlier. That marked the fourth consecutive quarter of decline. The company reported net income of $1.48 billion…

WASHINGTON D.C. — In a brief social media interview posted by a Fox News reporter, Elon Musk confirmed that he will attend Israeli Prime Minister Benjamin Netanyahu’s upcoming speech to Congress as Netanyahu’s guest. The Israeli embassy has not yet confirmed Musk's presence. Musk’s visit to Capitol Hill follows his announcement on X that Starlink, his satellite internet company, will be operating at a hospital in Gaza, with the support of Israel and the United Arab Emirates. Nine months into the conflict between Israel and Hamas, Netanyahu's speech sparked protests in Washington, leading to around 200 arrests during a sit-in…

DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully…

Wiz has decided to forgo a $23 billion acquisition by Google, a deal that would have marked Google’s largest acquisition to date. Instead, the cloud security startup will pursue an initial public offering (IPO) as originally planned, according to an internal memo from co-founder Assaf Rappaport. “Turning down offers like this is a challenge,” Rappaport noted in his message to employees, obtained by CNBC. He emphasized the company’s focus on reaching its next milestones: an IPO and reaching $1 billion in annual recurring revenue, milestones that had been in sight well before the acquisition talks began. The acquisition would nearly…

An international team of researchers has made a groundbreaking discovery: oxygen can be generated in total darkness, about 4,000 meters below the ocean surface. This surprising discovery was published in the journal Nature Geosciences Monday and challenges long-held beliefs about the origins of oxygen on Earth. The discovery focuses on potato-shaped metallic nodules found deep in the Pacific Ocean. These nodules, found at depths of about 13,100 feet, have been shown to produce oxygen through a process that does not require sunlight, overturning the traditional understanding that photosynthesis by plants and algae is the primary source of oxygen on our…

Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to…

In the dynamic world of communication, America is experiencing a boom of new media that challenge the status quo and provide unprecedented news value. These innovative players in the media landscape, far from being mere add-ons, are emerging as reliable and fresh alternatives, captivating diverse audiences and transforming the way we consume news and information. What makes these new media so special? Diversity and plurality of voices: Unlike traditional media, often concentrated in large conglomerates, new media give voice to a wide range of perspectives and narratives, from indigenous communities to underrepresented minorities. This enriches public debate and promotes a…

Shahjahan Bhuiya, who rose to fame by executing some of Bangladesh’s most notorious criminals in exchange for reduced sentences for his crimes and later gained brief fame on TikTok, died on Monday in Bangladesh’s capital Dhaka. The National Police announced Tuesday that the cause of his death, which occurred in hospital, has not yet been confirmed. Abul Kashem, Bhuiya's landlord, said he took Bhuiya to the hospital on Sunday after Bhuiya experienced chest pains. Last year, Bhuiya told local media that he was 74, but his national identity card, provided by Kashem, indicated that he was 66 at the time…

Russian motorcycle soldiers have introduced a new element of chaos to the fighting in eastern Ukraine, often using motorcycles, dirt bikes, quad bikes and dune buggies to quickly traverse open and exposed spaces. Lieutenant Mykhailo Hubitsky described these assaults: "They moved quickly, scattered and swerved." These unconventional vehicles are now so common that Ukrainian trenches often overlook scrapyards of abandoned and exploded off-road vehicles. Moscow's forces aim to make small tactical gains, often just a few hundred meters. Despite the high risk, these motorcycle assaults help Russian forces traverse minefields while being observed by drones and under artillery fire. The…

Early projections indicate that the Rassemblement National party has won a landslide victory in the first round of elections for the French National Assembly, bringing the nationalist, anti-immigration party to power for the first time. Polling projections suggest the party won about 34% of the vote, far ahead of President Emmanuel Macron’s centrist Renaissance party and its allies, who won about 21%. The scores do not reliably predict how many parliamentary seats each party will win, but National Rally is likely to be the largest force in the lower house, though not necessarily with an overall majority. A coalition of…