Apple begins connecting dots for its next big breakthrough

Apple

Apple is putting the pieces together for what it thinks would be its next game-changing device: a headset that combines the digital and physical worlds. The next headset will place company in a new competition to decide the future of mixed reality. Nearly 15 years after the iPhone began the smartphone revolution, Apple is putting … Read more

Musk backtracks on job layoffs, saying Tesla headcount  will grow

tesla

Musk also issued an ultimatum to Tesla staff to return to the office for a minimum of 40 hours per week in an email. Tesla’s stock dropped 9.2 percent on Friday as a result of the announcement. Elon Musk, CEO of Tesla Inc, indicated on Saturday that the electric vehicle maker’s total headcount will expand … Read more

Non-profit orgs in flooded Queensland have received disaster help

Queensland

Low-interest disaster assistance and vital working capital loans of up to $100,000 are now available The aid is being provided through the Commonwealth-State Disaster Recovery Funding Arrangements heavy flooding from numerous local catchments during the extreme weather event caused widespread road closures and damage from Balonne to the Gold Coast Following the latest round of … Read more

Ann Turner Cook, original Gerber infant, died at age of 95, as per firm

Ann Turner Cook

Turner was only four months old in 1926 when a neighbour drew the charcoal drawing of her that would later become the Gerber’s emblem. Gen Z, those born in 1995 and later, has a past-due percentage of 2.21 percent, up from 1.75 percent before the epidemic. Millennials, those born between 1980 and 1994, are defaulting … Read more

Turkey will handle security issues in Syria with a new operation: Erdogan

erdogan

Erdogan made the revelation in a speech to his party members in Ankara, Turkey’s capital. Noting that the new operation will compensate for the “shortcomings”  of the security line on its southern borders Turkish President Recep Tayyip Erdogan has stated that Turkey will resolve its security issues in northern Syria with a fresh cross-border operation. Erdogan … Read more

Auto loan defaults among Generation Z & millennials are significantly higher

Auto loan

According to TransUnion data, persons aged 18 to 40 were at least 60 days past due on their auto loans in the first quarter of 2022. Gen Z, those born in 1995 and later, has a past-due percentage of 2.21 percent, up from 1.75 percent before the epidemic. Young Americans’ finances may have begun to … Read more

Nationwide out-of-stock rate for baby formula had risen to more than 73%

baby formula

The percentage of baby formula that is out of stock in the United States has risen to 73.58 percent. On ‘Fox Business Tonight,’ radio presenter Tammy Bruce adds that when there is accountability, there is a “more of an attempt to make things go smoothly.” The incidence of baby formula out-of-stock continues to grow as … Read more

US officials deny allegations of dark web javelin missiles

javelin missiles

Officials insist that the reports were distributed by known Russian disinformation social media accounts. According to Moody’s Analytics head economist Mark Zandi, price gouging is not a big driver in America’s 40-year high inflation. Officials in the United States have dismissed rumours of Javelin missiles sales on the dark web as nothing more than Russian … Read more

Biden’s American Rescue Plan, Janet Yellen denies wanting to cut spending

Janet Yellen

Earlier this week, Biden’s Treasury Secretary Janet Yellen conceded she was ‘wrong’ about inflation. American Rescue Plan (ARP), which Biden signed into law in March 2021 “too much government money was flowing into the economy,” U.S. Treasury Secretary Despite a book suggesting she feared “too much government money was flowing into the economy,” U.S. Treasury … Read more

Google disabled RCS ads in India due to massive abuse by businesses

RCS

Google said last month that RCS texting in the Android Messages app had surpassed 500 million monthly active users. Google confirmed in a statement that “some firms are exploiting our anti-spam measures to send promotional messages to users in India.” As a result of that, Google said it is disabling the feature as it “works … Read more

BoB to benefit from the govt’s push for infrastructure: Hasmukh Adhia

Hasmukh Adhia

The banking industry of course would be benefited due to increase in the demand for bank credit and Bank of Baroda would be a key beneficiary of these developments,” he said. Indian economic Growth Bank of Boaroda spending infrastructure Bank of Baroda (BoB) Chairman Hasmukh Adhia believes the government’s emphasis on greater infrastructure spending and … Read more

Elon Musk wants to decrease 10% of Tesla employment

Elon Musk

Tesla is laying off 10% of its salaried workforce. On Friday, CEO Elon Musk sent an email to all employees. Tesla shares fell 8% following reports of the company’s headcount decrease. When asked about Musk’s dismal economic prognosis on Friday, President Joe Biden stated that while Tesla was cutting back, Ford and others were building … Read more

Cruise has got approval for a commercial robotaxi service in San Francisco

cruise robotaxi

Cruise, General Motors’ majority-owned autonomous vehicle unit, revealed on Thursday It had received final licences to run a commercial robotaxi service in San Francisco. After the California DMV approved autonomous vehicle deployments by Cruise and Alphabet’s Waymo. The California Public Utilities Commission gave Cruise its permission. Cruise, a General Motors-owned autonomous vehicle business, announced on … Read more

OPEC+ hikes output quicker than predicted, as Russia’s war roils global oil markets

OPEC

Oil-producing allies decided to increase output by a larger-than-expected amount in July and August. In both July and August, OPEC+ will boost output by 648,000 barrels per day. The group has gradually returned the approximately 10 million barrels per day it promised to withdraw from the market in April 2020. OPEC and its oil-producing partners … Read more

Winklevoss twins Gemini is laying off 10% of its staff, said that ‘crypto winter’ arrived

Winklevoss

Cameron and Tyler Winklevoss, billionaire bitcoiners, are laying off 10% of Gemini’s workers. Twins stated that the business is in a “contraction phase” known as “crypto winter,” which has been  “further compounded by the current macroeconomic and geopolitical turmoil.” Cameron and Tyler Winklevoss, billionaire bitcoiners, are laying off 10% of Gemini’s workers, a first for … Read more

Fed Vice Chair Lael Brainard says it’s ‘very hard’  for the Fed to pause rate hikes

Lael Brainard

Lael Brainard, Vice Chair of the Federal Reserve, stated that she does not expect the central bank to stop raising interest rates anytime soon. “We’ve still got a lot of work to do to get inflation down to our 2% target,” she said. Despite concerns about inflation, Brainard voiced optimism in the economy. Federal Reserve … Read more

Midday market movers include Microsoft, Chewy, GameStop, MongoDB, & others

Microsoft

Microsoft — Microsoft shares rose 0.8 percent after falling earlier in the session after the firm reduced its earnings and revenue estimate for the fiscal fourth quarter. Meta Platforms — The parent company of Facebook surged 5.4 percent after Sheryl Sandberg announced her resignation as chief operating officer. GameStop reported $1.38 billion in revenue in … Read more

After-hours stock swings include Lululemon, RH, Okta, and others

Lululemon

Lulu’s Athletica — Following the release of its quarterly financial results, shares of the athleisure apparel manufacturer increased by around 1%. RH After an early jump on the reporting of good results and revenue for the most recent quarter, shares of the premium home furnishings company fell 2.2 percent. Lululemon Athletica — Following the release … Read more