Technology
Elon Musk says he thinks inflation is worse than reported and likely to continue through 2022
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose 8.5% annually in March to […]
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Apple union organizers in Georgia say they were inspired by Amazon warehouse workers
Employees leading a unionization drive at an Apple retail store in Georgia were inspired by Amazon employees who tried to unionize a warehouse in Bessemer, Alabama, during the Covid pandemic. The remarks, which members of the Apple union organizing committee made in an interview with CNBC, show that the high-profile union drive at an Amazon […]
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Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in the Upside Down. Legacy media has disrupted Netflix. Netflix announced Tuesday it’s exploring adding a lower-priced, advertising-based tier to its service. The […]
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Atlanta Apple store is the first to file for union election
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters An Apple retail store in the Cumberland Mall in Atlanta, Georgia, has filed for a union election, the Communication Workers […]
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Tesla reports first-quarter earnings after the bell on Wednesday
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Electric vehicle maker Tesla is set to deliver a first quarter earnings update after the bell on Wednesday. Here’s what Wall Street is expecting, according to […]
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U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
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IBM stock on pace for best day since April 2020 as analysts raise estimates
Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose as much as 8% on Wednesday after the hardware, software […]
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These investors could face big losses on Netflix’s massive sell-off
Investors who held significant stakes in Netflix could be faced with steep losses. Source
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Options traders bet on big post-earnings gains for Tesla
Options traders are making a ton of noise in Tesla’s stock as the company gears up to report earnings after the bell Wednesday. The electric vehicle manufacturer headed up by Elon Musk — who continues to make a lot of noise himself — has struggled so far this year, but the options market is betting […]
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Netflix hit with 10 downgrades as Wall Street analysts bail after ‘shocking’ subscriber loss
Shares of Netflix sank more than 20% in extended trading after a big miss on subscribers in the first quarter. Source
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