By Theo Leggett Business Correspondent, BBC News 9 hours ago Image source, Getty Images Image caption, Last month, Tesla had to recall thousands of its Cybertrucks due to safety issues surrounding their accelerator pedals There was a time when it seemed like Tesla could do no wrong. In just over a decade, the company grew … Read more
That was the big question at Apple’s quarterly results on Thursday. By the time the call concluded, Apple’s stock price had risen more than 6%, and CEO Tim Cook had repeatedly touted his “great view” on Apple’s business in China. But despite Wall Street’s positive reaction to Apple’s results (helped by a massive share buyback … Read more
What now? The Skydance Media deal for National Amusements appears to be dead, with the company refusing to extend its exclusive negotiating window, and sources say The Hollywood Reporter that controlling shareholder Shari Redstone is cool with the $26 billion offer from Sony Pictures and Apollo Global Management – a deal that would lead to … Read more
Is today your lucky day? The Mega Millions lottery jackpot was an estimated $284 million with a $130 million cash option for Friday night’s drawing, according to the Mega Millions website. The jackpot was last won on March 26 when a lottery player in New Jersey won $1.128 billion – the fifth largest Mega Millions … Read more
The fate of Google’s search operations now rests in the hands of Judge Amit Mehta, the landmark case concluded on Friday. The Justice Department and prosecutors on Thursday made their final arguments about Google’s alleged anticompetitive behavior in the general search market, and on Friday focused on Google’s alleged illegal behavior in search advertising. Google … Read more
At a campaign event last month in Pennsylvania, the heart of US steel production, President Biden made it clear that he does not want the proposed takeover of US Steel by Japan’s Nippon Steel to go ahead. “We are finally making sure that United States Steel remains United States Steel,” Biden said. “It won’t be … Read more
After laying off the entire Supercharger team, Tesla sent an email to suppliers that showed how chaotic the decision-making must have been prior to the layoffs. Earlier this week, Tesla abruptly laid off the entire Supercharged team, leading to an immediate pullback in Supercharger installation plans. Now we’ve seen the email Tesla sent to suppliers, … Read more
Squishmallows in the images of Warren Buffett and Charlie Munger are on display at the Berkshire Hathaway annual shareholder meeting in Omaha, Nebraska, on May 3, 2024. Sarah Min | CNBC OMAHA, Neb. – Warren Buffett’s annual shopping event, the prelude to Berkshire Hathaway’s annual meeting, is wowing shareholders who flock here this weekend. With … Read more
Enlarge / A PC with Windows 11. It’s been a bad few years for Microsoft’s security and privacy efforts. Misconfigured endpoints, fraudulent security certificates, and weak passwords have all caused or compromised the exposure of sensitive data, and Microsoft has been criticized by security researchers, U.S. lawmakers, and regulators for the way it responded to … Read more
Tim Cook and Warren Buffett Getty Images (L) | CNBC(R) He has emerged as one of Apple’s top evangelists in recent years. At the end of 2023, Berkshire owned about 6% of Apple, a stake worth $174 billion at the time, or about 40% of the conglomerate’s total value. That’s about four times larger than … Read more