business news
SoftBank-backed Ola Electric wants to launch a made-in-India EV in 2024
Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images The CEO of Ola Electric said Monday his firm would launch an all-electric vehicle that can go from 0 to 100 […]
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DOJ urges judge to keep Trump search warrant affidavit sealed to protect national security investigation
Federal prosecutors investigating former President Donald Trump asked a judge Monday not to unseal a key document related to the FBI’s search of Trump’s Mar-a-Lago home, saying it contains “highly sensitive information” that could compromise the national security probe. The government’s request came three days after the federal judge made public the search warrant and […]
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‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy
There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory […]
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Tesla’s valuation doesn’t make sense until it hits this level, fund manager says
Top tech investor Paul Meeks doesn’t buy into the Tesla hype, saying the stock could be a buy — but only at the right price. “You almost have to believe in the cult, and it is a cult, just a little bit to buy that stock, because you are never going to be a hardcore […]
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Apple tells employees to work at the office three times per week starting in September
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple employees who work in Santa Clara County near the company’s California headquarters have been called back to the office starting in September, where they are expected to work three […]
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Viking Global bets big on insurance stocks, including a $500 million stake in AIG
Massive hedge fund Viking Global made large bets on insurance stocks during a volatile second quarter for Wall Street, according to securities filings. Viking’s second-quarter regulatory filing, released on Monday, shows that the fund initiated a stake of more than $500 million in AIG . Viking also scooped up more than 1.3 million shares of […]
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How to quickly scan, sign and send documents with your iPhone
Scanning a document on your iPhone in the Notes app. Sofia Pitt You don’t need a bulky machine to scan and sign a document. Instead, you can use your iPhone or iPad to scan a document and, in less than a minute, turn it into a PDF and send it wherever it needs to go. […]
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Apple reportedly plans to put ads in more apps on your iPhone
iPhone 13 Pro Source: Apple Inc. Apple may expand its advertising to more of its first-party apps on the iPhone in an effort to boost revenue, according to Bloomberg. The company generates about $4 billion in annual revenue from its ad business but wants to grow the segment into the “double digits,” according to the […]
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California lawmakers float legislation to keep Diablo Canyon nuclear plant open
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. Set on 1,000 acres of scenic coastal property just north and west of Avila Beach, the controversial power plant operated by Pacific Gas & Electric (PG&E) was […]
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Unity shares drop 7% after board rejects acquisition by AppLovin
Unity shares tumbled 7% on Monday, after the video game software company’s board rejected a bid to be acquired by AppLovin. Unity announced on Monday that AppLovin’s $20 billion bid was “not in the best interests of Unity shareholders.” AppLovin offered to buy Unity for $58.85 per share last week, which was a premium of […]
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