Secret Service Shifts Blame to Local Police for Securing Properties Around Trump’s Pennsylvania Rally
2024-07-15
In Butler, Pennsylvania, the aftermath of the attempted assassination of former President Donald Trump has stirred controversy and raised serious questions about security protocols and responsibilities between federal and local law enforcement agencies. The Secret Service has placed blame on local police, asserting that they failed to adequately secure theContinue Reading
Fisker Electric Car Maker Chapter 11 Filing: Key Points
2024-06-21
Fisker, the electric car maker, has filed for Chapter 11 bankruptcy protection. This means the company is trying to restructure its debt and finances in order to stay in business. The impact on Fisker Ocean SUV owners is significant but uncertain. The car itself should still run and drive, butContinue Reading
Starlink Mini Dish is a go
2024-06-20
SpaceX is nearing the launch of the Starlink Mini dish, a smaller and more portable version of its satellite internet receiver. Measuring 11.4 by 9.8 inches, it’s designed for easy setup and can fit in a backpack, catering to travelers, campers, and those in remote areas. The Mini includes a built-in routerContinue Reading
Square Now Lets Businesses Auto-Invest Sales in Bitcoin with Cash App Integration
2024-04-25
Square to Offer Automatic Bitcoin Conversions for Businesses: Bullish Sign for Crypto Adoption? This blog post highlights a new feature from Jack Dorsey’s Block (formerly Square) that allows Square users to automatically convert a portion of their daily sales into Bitcoin using Cash App. This could be a significant developmentContinue Reading
Klarna Scores Big Win with Uber Partnership, Fuels IPO Rumors
2024-04-24
Klarna, the Swedish fintech giant, announced a major partnership with Uber, adding them as a payment option on the ride-hailing app and Uber Eats in the US, Germany, and Sweden. This deal strengthens Klarna’s position as a leader in the “Buy Now, Pay Later” (BNPL) space and comes as rumorsContinue Reading
Tesla Stock Tumbles After Q1 Earnings Miss, But Musk Promises Future Gains
2024-04-23
Tesla’s Q1 earnings report paints a mixed picture for investors. While the company touts future advancements in autonomy and new products, current financials show a decline in profits and deliveries. Key takeaways: Profits dropped 55% YoY: Tesla’s profits fell to $1.13 billion, significantly lower than analyst expectations. Revenue dipped 9%:Continue Reading
Apple Vision Pro Shipments Take a Tumble: Time to Rethink Investment?
2024-04-23
Apple enthusiasts and investors alike were excited about the launch of the Vision Pro, the company’s foray into mixed reality headsets. However, a recent analyst report by Ming-Chi Kuo casts a shadow over the product’s future. Sharp Drop in Demand: According to Kuo, Apple has significantly slashed its 2024 VisionContinue Reading
Walmart-Backed Fintech One Introduces Buy Now, Pay Later Feature Amid Plans for Expanded Lending Services
2024-04-23
Walmart’s Fintech Play: One vs Affirm and Beyond Walmart’s fintech startup, One, is making a play for a bigger slice of the retail giant’s financial services pie. One recently launched buy now, pay later (BNPL) loans, directly challenging Affirm, Walmart’s current BNPL partner. This move signals a potential shift inContinue Reading
Red Lobster Considers Chapter 11 Bankruptcy
2024-04-17
Red Lobster Weighs Chapter 11 Restructuring America’s favorite seafood chain, Red Lobster, might be undergoing a major financial overhaul. According to a Bloomberg report, the company is considering filing for Chapter 11 bankruptcy as part of a restructuring plan. This move aims to tackle debt and potentially renegotiate leases andContinue Reading
Lockheed Scores Mammoth $17 Billion Missile Defense Contract
2024-04-15
Defense behemoth Lockheed Martin (LMT.N) has emerged victorious in the hotly contested race for the Next Generation Interceptor (NGI) program, a multi-year, $17 billion contract awarded by the Missile Defense Agency (MDA). This win comes as a welcome shot in the arm for Lockheed after recent setbacks, including reduced F-35Continue Reading
Tesla supplier Piedmont Lithium gets key North Carolina mining permit
2024-04-15
Piedmont Lithium Gets Green Light for N.C. Lithium Mine, But Challenges Remain Piedmont Lithium (PLL.O), a supplier to Tesla (TSLA.O), has received a key permit from North Carolina regulators to develop a major lithium mine. This mine has the potential to be one of the largest sources of lithium inContinue Reading
Tesla will lay off more than 10% of global workforce
2024-04-15
Tesla Slashes Workforce by Over 10%, Prepares for “Next Phase of Growth” Electric vehicle giant Tesla announced a significant workforce reduction exceeding 10% globally, according to a company memo from CEO Elon Musk. The news comes amidst a backdrop of declining stock prices and production challenges. Cost Cutting and IncreasedContinue Reading