CATEGORIES
TESLA 1Q EARNINGS 7 TIMES MORE THAN YEAR AGO ON STRONG SALES
Tesla reported that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.
MEXICAN SENATE APPROVES NATIONALIZATION OF LITHIUM MINING
Mexico’s Senate passed a bill this week to nationalize lithium mining and extraction. The bill was submitted by President Andrés Manuel López Obrador, who is expected to sign it into law.
NETFLIX SHARES DROP 26% AFTER IT LOSES 200K SUBSCRIBERS
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
MUSK SAYS HE HAS $46.5B IN FINANCING READY TO BUY TWITTER
Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company.
JUDGE SENDS ASSANGE EXTRADITION DECISION TO UK GOVERNMENT
A British judge this week formally approved the extradition of Julian Assange to the United States to face spying charges. The case will now go to Britain’s interior minister for a decision, though the WikiLeaks founder still has legal avenues of appeal.
FOR RUSSIAN DIPLOMATS, DISINFORMATION IS PART OF THE JOB
As governments and social media companies have moved to suppress Russia’s state media and the disinformation it spreads about the war in Ukraine, the Kremlin’s diplomats are stepping up to do the dirty work.
FEDS: THOUSANDS MAY HAVE STUDENT DEBT THAT SHOULD BE ERASED
Record-keeping failures by the federal government may have left thousands of Americans saddled with student debt that should have been automatically canceled through a benefit for low-income borrowers, according to a new federal study.
FIND OUT AND FIX WHAT BIG DATA SAYS ABOUT YOU
I thought I knew all about the information that consumer reporting agencies were collecting on me. Then I discovered The Work Number — a database that reports every paycheck I’ve received from my company, with net and gross amounts, going back to my hire date six years ago.
BITCOIN'S NEW PUZZLE: HOW TO DITCH FOSSIL FUELS AND GO GREEN
For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana.
Warren Buffett Buying Spree Goes on, HP Soars on 11.5% Stake
Shares of HP Inc. jumped nearly 15% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire.
US AGENCIES: INDUSTRIAL CONTROL SYSTEM MALWARE DISCOVERED
Multiple U.S. government agencies issued a joint alert this week warning of the discovery of a suite of malicious cyber tools created by unnamed advanced threat actors that are capable of sabotaging the energy sector and other critical industries.
TOYOTA RECALLS 460,000 VEHICLES FOR STABILITY CONTROL GLITCH
Toyota is recalling about 460,000 vehicles in the U.S. to fix a software problem that can inadvertently disable the electronic stability control system.
JAPANESE E-VEHICLE BATTERY COMPANY TO BUILD KENTUCKY PLANT
A Japanese electric vehicle battery technology company will build a factory in Kentucky, creating 2,000 jobs in a $2 billion investment that reinforces the state’s leadership in battery production, Gov. Andy Beshear said this week.
CITIES ASK NETFLIX, HULU, STREAM SERVICES TO PAY CABLE FEES
Should Netflix and other streaming services have to pay local governments the same fees levied on cable operators?
SONIC 2: THE HEART AND AUTHENTICITY THAT FANS OF THE GAME LOVED
Despite its mostly forgettable plot, Ben Schwartz’s performance as the energetic hedgehog, coupled with Jim Carrey’s most enjoyable on-screen slapstick in years, made for mostly entertaining viewing for both fans and newcomers.
KEY PARTICLE WEIGHS IN A BIT HEAVY, CONFOUNDING PHYSICIST
The grand explanation physicists use to describe how the universe works may have some major new flaws to patch after a fundamental particle was found to have more mass than scientists thought.
CHINA USED TV, TIKTOK STARS IN DISCREET OLYMPICS CAMPAIGN
A “Real Housewives of Beverly Hills” TV star, a Paralympic swimmer and a self-described “brand king” were among the Instagram and TikTok influencers who were paid by Chinese officials for a discreet campaign that promoted the Beijing Winter Olympics, new Justice Department documents reveal.
CALIFORNIA PLAN AIMS TO TRIPLE SALE OF ELECTRIC CARS BY 2026
California wants electric vehicle sales to triple in the next four years to 35% of all new car purchases, an aggressive target set as part of the goal to phase out the sale of gas-powered cars by the middle of next decade.
AMAZON: IMDB TV WILL BE RENAMED AMAZON FREEVEE
Amazon announced its free streaming service IMDb TV will be renamed Amazon Freevee.
AMAZON ADDS 5% ‘FUEL AND INFLATION SURCHARGE' TO SELLER FEES
Amazon is taking a step to off set its rising costs, announcing this week it will add a 5% “fuel and inflation surcharge” to fees it charges thirdparty sellers who use the e-commerce giant’s fulfillment services.
TWITTER SAYS IT'S TESTING AN ‘EDIT' BUTTON
Twitter tweeted that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board.
IF YOUR BANK MERGES, SHOULD YOU SHOP AROUND OR STAY PUT?
Bank mergers and acquisitions happen regularly and can lead to streamlined services and better offerings for consumers, but they can also sometimes create challenges like less access to branches or customer service difficulties.
YELLEN CALLS FOR CRYPTO REGULATION TO REDUCE RISKS, FRAUD
Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions.
US ELECTRIC VEHICLE TAX CREDITS ENDING FOR NEW TOYOTA BUYERS
Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or hybrid vehicles.
CHINESE HACKERS REPORTEDLY TARGET INDIA'S POWER GRID
India’s power sector has been targeted by hackers in a long-term operation thought to have been carried out by a state-sponsored Chinese group, a U.S.-based private cybersecurity company detailed in a new report.
TESLA SELLS 310,000 VEHICLES IN 1Q, DESPITE LOGISTICS ISSUES
Tesla delivered 310,000 vehicles in the first quarter, up roughly 68% from the same period in 2021, the company said.
META: RUSSIAN INVASION DRIVING MORE DISINFORMATION ONLINE
Hackers aligned with Russia broke into the social media accounts of dozens of Ukrainian military officers and were working to upload videos of defeated and surrendering Ukrainian soldiers when the plot was disrupted, according to a report Thursday from Meta that details a troubling increase in social media disinformation this year.
ELON MUSK JOINS TWITTER BOARD AFTER AMASSING MASSIVE STAKE
Elon Musk is joining Twitter’s board of directors a day after revealing that he’d become the social media platform’s largest shareholder with a 9% stake.
AIRLINES REDUCE CANCELLATIONS, BUT US FLIGHT PROBLEMS LINGER
Air travel in the United States improved after a rocky weekend that left thousands of flyers stranded by thunderstorms in Florida, technology problems at the busiest domestic airline and labor problems at another carrier.
Waymo to Expand Autonomous Vehicle Rides to San Francisco
Waymo’s self-driving ride-hailing service is branching out to San Francisco.