Tesla Q1 Profit Tanks, But Stock Jumps on News of Faster Production of Cheaper Models
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Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
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Rent has risen faster than wages in most US cities
Since 2019, rent prices have surged 30.4%, while wages have risen 20.2%, according to a recent Zillow analysis.The Hill - Politics -
In Show of Unity, Putin and Xi Hail ‘New Model’ of Ties Between Powers
At a summit with China’s leader, in Beijing, the Russian president called for stronger economic ties between the countries, as he intensifies his war effort.The New York Times - Top stories