Economy

Tesla shares fall as profit and vehicle delivery forecast disappoint Wall Street

Tesla shares fall as profit and vehicle delivery forecast disappoint Wall Street

It was the company's sixth straight quarterly net profit after years of mostly losses. They fell $18.93, or 2.1%, to $864.16 in regular trading. The company expects to begin deliveries of Tesla Semi...

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Fed still in crisis-fighting mode as recovery appears to moderate

Fed still in crisis-fighting mode as recovery appears to moderate

When asked later about what role soft monetary policy had played generally in the meteoric rise of certain stock values, including GameStop , Powell reiterated that the pandemic required "highly acco...

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Tesla quarterly earnings fall short, but it posts first-ever annual profit

The company did not provide 2021 guidance for its automotive production, but said it expects "50% average annual growth" on a multi-year outlook. Apart from its financials, Tesla is expected to reve...

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This is the new interior of Tesla's Model S and Model X

Here's everything we know. Tesla is calling the new wheel a "stalkless steering yoke", meaning there's no stalk to press for the turn signal or to change drive modes. The entire setup looks sportier...

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European Regulator Clears Boeing 737 MAX Airliner For Return To Service

European Regulator Clears Boeing 737 MAX Airliner For Return To Service

EASA Executive Director Patrick Ky called it "a significant milestone". The publication of this directive sets out the requirements for the MAX to return to service and any 737 MAX aircraft now meet...

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Sacco coconut milk is declining on the monkey labor charge

Sacco coconut milk is declining on the monkey labor charge

Chaokoh, one of the world leaders in producing coconut milk and other coconut products, and Theppadungporn Coconut Co., did not immediately respond to CNN's request for comment. The new findings showe...

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Covid pushes unemployment up to 5%

Covid pushes unemployment up to 5%

ONS head of economic statistics Sam Beckett said: "The latest monthly tax figures show that there were over 800,000 fewer employees on payroll in December than last February". Unemployment in the Unit...

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Google Says 3 Days a Week in Office, Rest Can Be WFH

Google Says 3 Days a Week in Office, Rest Can Be WFH

According to the email obtained by the Times , employees will be asked to come into the office at least three days a week for so-called "collaboration days", and work from home the rest of the time. ...

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UK AstraZeneca vaccine plant partially evacuated over suspect package

UK AstraZeneca vaccine plant partially evacuated over suspect package

The broadcaster said a cordon had been put in place near the plant of the Pharmaceutical company, with the public instructed to stay away from the spot. Police are also attending a different incident ...

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Rate of guns seized at airport checkpoints jumped in 2020 yesterday

Rate of guns seized at airport checkpoints jumped in 2020 yesterday

The rate was double that in 2019, when screeners found 5 guns for every million passengers. In 2019, about 87% of the 4,432 discovered firearms were loaded. According to a press release , TSA confisc...

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Adams, House Democrats back federal minimum wage hike

Adams, House Democrats back federal minimum wage hike

Today, in the midst of a pandemic and economic crisis, it's impossible", said Congressman Norcross. The Leadership Conference works toward an America as good as its ideals. "Let's be clear. The $7.2...

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International Monetary Fund forecasts 5.5% global growth for 2021

International Monetary Fund forecasts 5.5% global growth for 2021

The IMF expects vaccines and additional fiscal spending by some major economies , including the U.S. and Japan , will underpin the economy, and the normalization of the economic activity will contin...

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Wealthy Couple Posed as Indigenous Workers to Get Covid-19 Vaccine

Wealthy Couple Posed as Indigenous Workers to Get Covid-19 Vaccine

Ekaterina Baker did not immediately respond to calls and emails requesting comment while Rodney Baker did not immediately return a request for comment sent to Great Canadian Gaming, which accepted ...

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Sensex drops over 210 pts in early trade energy pharma stocks weigh

Sensex drops over 210 pts in early trade energy pharma stocks weigh

Of the Sensex constituents, 20 stocks were trading in the red and 10 in the green. Among the components of the S&P BSE Finance index, ICICI Securities Ltd (down 7.09%), Dewan Housing Finance Corpora...

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International Monetary Fund lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’

International Monetary Fund lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’

The British economy should grow 4.5 percent, down 1.4 percentage points from the IMF's previous expectation. "Much depends on the outcome of this race between a mutating virus and vaccines and t...

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Auto chips to get priority from top global producer

Auto chips to get priority from top global producer

This is reported by the Taiwanese Ministry of Economic Affairs in response to the worldwide shortage of automotive chips, which is disrupting auto production. Germany had asked Taiwan to persuade Taiw...

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Covid vaccines: Outrage after casino boss jumps queue for jabs

Covid vaccines: Outrage after casino boss jumps queue for jabs

Authorities soon found that the pair were actually wealthy Vancouver residents who had chartered a private plane to the Alaska Highway outpost so that they could get shots meant to protect vulnerable ...

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Lotus to kill off Elise, Exige and Evora models

Lotus to kill off Elise, Exige and Evora models

The Type 131 will be Lotus' last pure-petrol vehicle, as the company shifts towards an pure-electric line-up helmed by the upcoming £ 2m Evija hypercar . It's planning a series of activities to celebr...

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Blast heard in Saudi capital Riyadh

Blast heard in Saudi capital Riyadh

Blinken, President Joe Biden's pick for secretary of state, said at his nomination hearing Tuesday that his "deep concern about the designation that was made is that at least on its surface it seems...

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Tesla sues former employee for allegedly stealing 26000 confidential files

Tesla sues former employee for allegedly stealing 26000 confidential files

During his two-week employment ending January 6, Alex Khatilov stole more than 6,000 scripts, or files of code, that automate a broad range of business functions, Tesla argues in its trade-secret thef...

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Stimulus jitters dent Wall St's early gains; Nasdaq, S&P at records

Stimulus jitters dent Wall St's early gains; Nasdaq, S&P at records

The market loves money, whether it is fiscal or monetary, and right now you have both. The Nasdaq struggled for direction, with the so-called "stay-at-home" winners including Microsoft Corp, Fa...

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Merck ends COVID-19 vaccine program, cites inferior immune responses

Merck ends COVID-19 vaccine program, cites inferior immune responses

The drugmaker and its partner the International AIDS Vaccine Initiative (IAVI) did receive some research funding from the government. Officials say the vaccines were well-tolerated but didn't genera...

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Xi calls for global cooperation, warns against isolationism

Xi calls for global cooperation, warns against isolationism

Mr Xi's comments - made to an global audience and just five days after US President Joe Biden's swearing-in - are being watched for signs of how China will treat its soured relationship with the world...

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M4-beating numbers? New BMW i4's performance figures confirmed

M4-beating numbers? New BMW i4's performance figures confirmed

And BMW has dropped a teaser video showcasing the i4 being as tail-happy as its conventionally-powered siblings. BMW only recently confirmed the development of the electric auto but there are no det...

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USA virus numbers drop, but race against new strains heats up

The Transportation Security Administration is expected this week to issue a separate security directive related to masks, people briefed on the matter said. The global vaccine race took another hit Mo...

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Thank You, Google, We Needed Another Messaging App

Thank You, Google, We Needed Another Messaging App

On the subject of Plum, an AI-powered money management app, I've managed to secret away nearly £300 in several months using that app. Google hasn't yet published any announcements on the expansion...

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United Kingdom doctors call for shorter gap between Pfizer vaccine doses

United Kingdom doctors call for shorter gap between Pfizer vaccine doses

Minister of Health also shared a statement by the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus saying that COVAX has signed an agreement with Pfizer/BioNTech...

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Google Pay Redesign Focuses on Organizing, Protecting Your Money

General manager Caesar Sengupta explained in an online event today that Plex is built on federal checking and savings accounts and will combine "the best of Google's design and technology. You can...

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Ireland’s billionaires’ fortunes increase by €3.28bn during pandemic

Ireland’s billionaires’ fortunes increase by €3.28bn during pandemic

Citing a survey done by Credit Vidya, the report said the loss of income among those earning more than ₹60,000 a month was 10 per cent compared to their pre-pandemic income whereas the income of those...

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China overtook USA in foreign direct investment, United Nations agency says

China overtook USA in foreign direct investment, United Nations agency says

In its latest Investment Trends Monitor , the Geneva-based United Nations trade and development body said that FDI fell sharply to an estimated 859 billion US dollars last year, from 1.5 trillion USA...

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NHTSA Investigating Ford Super Duty Tailgate Recall

NHTSA Investigating Ford Super Duty Tailgate Recall

The recall , which includes 2.7 million vehicles in the US, will cost Ford US$610 million (RM2.47 billion), the carmaker said , adding that the charge will be included in its Q4 results. The defect ...

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Asos joins race for Topshop, Topman and Miss Selfridge

Asos joins race for Topshop, Topman and Miss Selfridge

Topshop, part of British tycoon Philip Green's Arcadia fashion group, collapsed into administration late previous year, putting 13,000 jobs at risk. The struggling retail group cut around 500 head o...

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Australia approves Pfizer/BioNTech Covid-19 vaccine for use

Australia approves Pfizer/BioNTech Covid-19 vaccine for use

The Australian government has purchased 10 million doses of the Pfizer vaccine, enough to inoculate 5 million people against COVID-19, and more than 53 million doses of that developed by University of...

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Covid-19: India records 14,849 fresh cases, 155 more fatalities

Based on the numbers, 2.5 cases of anaphylactic shock were recorded for every million of Moderna injections, when compared to 11.1 cases per one million Pfizer vaccinations . The nationwide immun...

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Italy to take legal action on COVID vaccine delays to get doses

Italy to take legal action on COVID vaccine delays to get doses

Due to the temporary delay of vaccine shipments, ... pharmaceutical companies Pfizer and AstraZeneca are now facing harsh criticism by European countries. Italy has vaccinated 1.34 million of a popula...

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