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EU Is Investigating Meta For Possible Child Safety Hazards

EU officials said on Thursday that Meta Platforms' social media platforms, Facebook and Instagram, will be examined for possible violations of EU online content regulations concerning child safety. If found in violation, the EU regulators might impose heavy fines.   The landmark Digital...

Walmart Raises Its Profit And Sales Projection For The Full Year

Walmart increased its prediction for the entire year and released first-quarter earnings on Thursday that were better than anticipated. The company is banking on lower inflation to boost sales of non-essential items like gadgets and clothes as well as food.   In premarket trading,...

Insiders Claim Musk's Neuralink Has Had Problems With Its Small Wires For Years

Neuralink, the Elon Musk-owned business, had been aware of the problem for years prior to its revelation last week that the minuscule wires within the brain of its first patient had come loose, according to five individuals acquainted with the situation.   According to three of the people,...

Foxconn's Q1 Earnings Will Rise From A Low Base As Growth Is Powered By AI

The largest contract electronics manufacturer in the world, Foxconn, based in Taiwan, is anticipated to release its first-quarter earnings results on Tuesday. The company attributed the strong demand for its AI servers to the profit more than doubling from a year earlier.   The firm said...

Elon Musk Had Praised The Executive Bench Which He Has Himself Now Overhauled

At Tesla's investor day in Texas a little over a year ago, Elon Musk was joined on stage by sixteen executives who provided in-depth presentations on the company's growth and technological strategies before forming a solidarity queue behind their leader.   In response to investor worries...

StanChart Profit Exceeds Revenue Growth Projections

A 5.5% increase in pretax profit for the first quarter was  reported by Standard Chartered PLC  which was over the expectations of analysts. The company attributed this improvement to higher interest rates as well as good performance from its markets trading operation, which helped...

Tesla's Self-Driving Ambition In China Confronts Rivals Rushing Ahead

If Tesla is successful in introducing its "Full Self-Driving" technology to China, the world's largest automotive market, the US electric-car pioneer will move into the lead in the worldwide race towards self-driving vehicles.   Musk arrived in Beijing on a quick trip that began Sunday to...

Elon Musk Will Talk About Allowing Fully Autonomous Driving In China

According to media sources, Elon Musk is in Beijing to talk about getting Tesla vehicles in China equipped with autonomous driving capabilities.   In order to train its algorithms, Musk intends to send data gathered in China to another country and activate Full Self Driving (FSD) in that...

India's MDH Claims That Despite Quality Claims, Its Spices Are Safe

The Indian spice manufacturer MDH declared that its goods are safe to eat and that it has not heard from Hong Kong or Singapore authorities regarding any claims of product contamination.   This month, sales of three MDH spice mixes and one Everest spice mix for fish curries were halted in...

Microsoft Surpasses Wall Street Expectations Thanks To Its Investment In AI

Microsoft's shares increased more than 4% in extended trading on Thursday after the firm exceeded Wall Street projections for third-quarter sales and profit. The business attributed its success to the use of artificial intelligence across all of its cloud services.   For the current quarter,...

Google's Parent Company Declares Its First-Ever Dividend; Sales And Profit Exceed Expectations; Shares Rise

With the announcement of Alphabet's first-ever dividend and $70 billion stock purchase on Thursday, investors were ecstatic and the stock shot up about 16% after the bell.   The parent company of Google is making a profit while building billion-dollar data centres in an effort to overtake...

TikTok Divesting Or Ban Bill Passed By US Senate; Biden Will Sign It Into Law

Late on Tuesday, the U.S. Senate overwhelmingly approved legislation that would outlaw TikTok in the country if its Chinese parent company, ByteDance, is unable to sell the well-known short video app within the next nine months to a year.   The bill was approved by the US House of...
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