Hillicon Valley Tesla Slashes Prices
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Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.MarketWatch - Business -
Tesla among electric carmakers forced to cut prices as market stalls
EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary. Elon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, ...The Guardian - World - Tesla -
Tesla's Plan for Lower-Priced Models Takes a Page From Detroit's Past Strategies
Automaking may be harder to disrupt on a wholesale basis, as Elon Musk shifts to incremental improvements and scraps plans for all-new designs.Inc. - Business -
STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Watch Rickie Fowler ace the third hole at Pine Valley
Fowler's hole-in-one was recorded while he was playing with Justin Thomas at the top-ranked club.Yahoo Sports - Sports -
Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.CNBC - Business -
Tesla Will Recall Cybertruck in Latest Setback
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.The New York Times - Tech - Tesla -
U.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.The New York Times - Business - Tesla -
Deciphering Tesla's Plans for a Cheaper Car
How the company will make lower-price EVs remains murky, but investors seem OK—for now.The Wall Street Journal - World -
Deciphering Tesla's Plans for a Cheaper Car
How the company will make lower-price EVs remains murky, but investors seem OK—for now.The Wall Street Journal - World -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
Tesla's Big Rally Drives the Nasdaq Higher
U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.The Wall Street Journal - World -
Tesla steers back towards cheaper cars
Elon Musk seeks to appease the market after 40% stock slideFinancial Times - Business - Tesla -
U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes
The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversial technology.The Wall Street Journal - World -
Tesla Autopilot Was Uniquely Risky—and May Still Be
In an investigative report into crashes and deaths associated with Tesla Autopilot, federal regulators concluded that the system lacked standard protections.Wired - Tech - Tesla -
Israel Prepares Gradual Rafah Offensive
Responding to U.S. and international pressure, Israel is scrapping plans for an all-out assault in favor of an approach that seeks to limit civilian casualties.The Wall Street Journal - World - Israel -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production
The aircraft maker has cut production to fix quality problems after door-panel blowout.The Wall Street Journal - World -
Tesla shows Wall Street a path to ‘positive catalysts,’ BofA says
Tesla Inc.’s better-than-expected quarterly earnings and reassurances from the EV maker that it is on a path of “positive catalysts” led to a stock upgrade at BofA Securities on Wednesday.MarketWatch - Business - Tesla -
Some Anti-Israel Protesters Are Paid
Rockefeller and Soros grants are subsidizing those who disrupt college campuses.The Wall Street Journal - World - Israel -
Ecuador's Former Comptroller General Convicted in Case Tied to Odebrecht
Carlos Ramon Polit Faggioni was convicted in Miami of accepting more than $10 million in bribes from the Brazilian construction company.The Wall Street Journal - World -
It's One of the Last Pristine Coral Reefs on Earth. Should We Be Visiting It?
The Raja Ampat archipelago of Indonesia looms large in the imaginations of underwater adventurers. But by visiting its relatively untouched reefs are we protecting them—or threatening them?The Wall Street Journal - World -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
Tesla’s Earnings Highlight the Company’s Biggest Problem. It’s a Cautionary Tale for Every Leader
Be careful making promises you might not be able to keep.Inc. - Business -
Fallout 4 Tesla Cannon And Best Of Three Quest Guide
One of the new weapons that arrived with the next-generation update in Fallout 4 is the Tesla Cannon, a powerful Fusion Cell gun that shocks any enemy unfortunate enough to get in its way. The primary way to get the Tesla Cannon is by completing ...GameSpot - Tech - Tesla -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Tech -
U.S. probing whether major Tesla Autopilot recall went far enough
The National Highway Traffic Safety Administration is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.CBS News - Top stories - Tesla -
US investigating Tesla recall of 2M+ vehicles over Autopilot safeguards
The Department of Transportation is investigating last year’s Tesla recall involving more than 2 million vehicles to determine whether updates to their Autopilot driving systems did enough to keep drivers focused on the road. The National ...The Hill - Politics - Tesla -
Tesla Autopilot feature was involved in 13 fatal crashes, US regulator says
Federal transportation agency finds Tesla’s claims about feature don’t match their findings and opens second investigation. US auto-safety regulators said on Friday that their investigation into Tesla’s Autopilot had identified at least 13 fatal ...The Guardian - World - Tesla -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
BYD Seal 2024 Review: Prices, Specs, Availability
A world-class sedan for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.Wired - Tech -
Gold's price is high. Is it still safe to invest in?
Gold has long been thought of as a safe investment. But is it still safe after recent price growth? Find out here.CBS News - Top stories -
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - World -
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - Business -
CVC shares jump in trading debut after long-awaited IPO
Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetiteFinancial Times - Business -
MTA’s Congestion Pricing in NYC Will Start June 30
Transit officials announced the start of the program, which they have said will ease some of the nation’s worst traffic.The New York Times - Top stories -
Russian court orders seizure of $440mn from JPMorgan
Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lenderFinancial Times - Business - Russia