Tesla and Elon Musk Face Global Trade Tariff Challenges as ‘The Genie is Out of the Bottle’
Tesla, an industry leader in electric vehicles, finds itself in a complex web of global trade uncertainties. Assembled primarily in its factories located in Fremont, California, and Austin, Texas, Tesla’s…
Musk’s DOGE Pushes Forward with Controversial Employee Email Requests
The Department of Government Efficiency (DOGE), led by Elon Musk, has once again sparked controversy by sending an email to federal workers requesting details of their weekly achievements. The email,…
Tesla Files for Ride-Hail Permit in California, But There’s a Twist
Tesla has taken a significant step toward launching a ride-hailing service in California by applying for a transportation charter-party (TCP) carrier permit with the California Public Utilities Commission (CPUC). The…
Tech Unit Layoffs Spark Controversy as Mark Cuban Offers Support
The abrupt layoffs at the General Services Administration (GSA) have sent shockwaves through the federal workforce, particularly affecting the 18F technology unit. Around 70 employees were informed of their termination…
Amazon Plans Global Expansion for Haul, Its Competitor to Temu and Shein
Amazon is setting its sights on expanding its discount storefront, Haul, in Europe later this year. The move comes as a strategic response to the growing influence of ultra-cheap Chinese…
Intel’s Ohio Chip Plant Faces Delay, Pushed to 2030
Intel’s ambitious plans to establish its first chip fabrication plant in Ohio have hit a significant snag, with the anticipated opening pushed back to 2030 at the earliest. The factory,…
OpenAI CEO Sam Altman reveals company is ‘out of GPUs’
OpenAI has commenced the phased rollout of its latest model, GPT-4.5, amidst a significant GPU shortage. The rollout began on Thursday for subscribers to ChatGPT Pro, with ChatGPT Plus customers…
Modi urges Tesla to build cars in India, but challenges lie ahead
Tesla appears to be inching closer to entering the Indian market. Reports indicate that the electric vehicle giant is actively recruiting and scouting for showroom locations in India. This move…
PayPal Unveils Ambitious Growth Plan for Venmo, Aiming for $2 Billion Revenue by 2027
PayPal is charting a bold course for its popular payment app, Venmo, with an ambitious strategy to boost revenue to $2 billion by 2027. With a strong foothold of 90…
Apple and Indonesia Near Agreement to Lift iPhone 16 Ban
Apple and Indonesia are reportedly closing in on an agreement that could lift the existing ban on the iPhone 16. Since its release, the popular smartphone has been unavailable in…
Apple CEO acknowledges potential changes to DEI programs
Shareholders of Apple Inc. recently convened to vote on a series of proposals that could have impacted the tech giant’s operations and policies. Among the proposals was one requiring Apple…
Major Asian Bank to Eliminate 4,000 Jobs as AI Takes Over
DBS Bank, Singapore’s largest lender, plans to significantly reshape its workforce in response to the integration of artificial intelligence (AI) technologies. The financial institution, employing roughly 41,000 people globally, intends…
1,000 Musicians Release Silent Album to Protest UK Copyright Sell-Out to AI
A collective of 1,000 musicians released a “silent album” this week to protest the United Kingdom’s proposed copyright law changes that they claim favor artificial intelligence companies over artists. The…
Apple Watch Shipments Experience Major Boost in India
The Apple Watch saw a significant rise in shipments last year, capturing half of the total premium smartwatch segment in India. This surge occurred as some seasoned users transitioned to…
SEC Decides Not to Sue Robinhood Over Crypto Practices
In a significant development in the cryptocurrency sector, the United States Securities and Exchange Commission (SEC) has decided not to initiate legal proceedings against Robinhood’s crypto unit after closing its…
TikTok and Douyin Lead the Way with $6B in Annual Consumer Spending
TikTok has triumphantly returned to app stores across the United States after a temporary ban delay due to national security concerns. In 2023, the popular short video application marked a…
PayPal Unifies Brands Under One Umbrella While Keeping Venmo Separate
PayPal has announced a significant restructuring of its enterprise services under a new initiative called PayPal Open. This strategic move aims to unify brands such as Braintree and Hyperwallet into…
Starbucks Lays Off 1,100 Corporate Workers in Effort to Streamline Operations
Starbucks is making significant adjustments to navigate growing competition and operational challenges in China, its second-largest market. The coffee giant’s new Chairman and CEO, Brian Niccol, spearheads these changes to…
Apple to Invest $500 Billion in U.S. Manufacturing and AI Expansion
Apple Inc. has announced a monumental commitment to invest $500 billion over the next four years, focusing on high-end manufacturing, engineering, and education within the United States. This substantial investment…
Canadian Chip and Hardware Manufacturers Prepare for Tariffs and Push for Local Support
Canadian hardware firms face growing concerns over tariffs as geopolitical tensions prompt shifts in production strategies. Ramee Mossa, leader of FTEX, notes that many of his clients are relocating production…