SpaceX’s first earnings call as a public company is drawing intense retail investor interest in unconventional topics, ranging from pink rockets to Shiba Inu mascots, according to Reuters reporting by Akash Sriram published on August 1. While the call may be expected to focus on AI spending and profits from the Starlink satellite communications network, … Read more
An appeals court has allowed a Michigan inmate’s lawsuit to move forward against an officer after an open cell door resulted in a 20+ stabbing in protective custody, according to recent court filings. Wayne County Public Defenders Set Strike Date Public defense lawyers handling 50% of cases for defendants who can’t afford one in Wayne … Read more
Volvo Cars Sees Q2 Profit Decline but Eyes Recovery with New Electric Model Volvo Cars reported a drop in second-quarter operating profit to 800 million Swedish crowns ($82,76 million), according to a Reuters report, as the automaker prepares to ramp up production of its new EX60 electric SUV. The decline follows a 1.6 billion crown … Read more
Fender has expanded its legal campaign to protect the body shape of its Stratocaster electric guitar by sending a notice letter to Yamaha. This move follows a German court ruling that granted Fender copyright protection for the Stratocaster design within the European Union, a decision that has triggered industry-wide backlash and countersuits from retailers like … Read more
Volkswagen is weighing a potential reduction of up to 100,000 jobs worldwide to address a 20% cost disadvantage compared to its rivals, according to an internal memo from CEO Oliver Blume. The automaker, which has already finalized 50,000 job cuts across its group, is currently evaluating further adjustments to its manufacturing network to improve efficiency … Read more
Meta’s Iris Chip: A Strategic Move Toward AI Independence Meta Platforms (META.O) plans to manufacture its custom AI chip, “Iris,” starting in September 2024 as part of a broader effort to boost computing power to 14 gigawatts by 2027, according to an internal memo reviewed by Reuters. The chip, part of Meta’s four-generation MTIA project, … Read more
NATO leaders have unveiled arms deals worth tens of billions of dollars in Turkey, according to official reports from the alliance’s summit in Ankara. While the move signals a commitment to increased European military spending, President Donald Trump continues to express dissatisfaction with NATO allies, citing insufficient support during the U.S. war on Iran and … Read more
The state of California has filed a lawsuit against the U.S. Environmental Protection Agency (EPA) to block an attempt to repeal long-standing vehicle emissions waivers. The EPA recently sent these waivers to Congress for potential revocation under the Congressional Review Act, a move California Attorney General Rob Bonta describes as an illegal effort to undermine … Read more
President Donald Trump stated Wednesday that the United States could fare better without the U.S.-Mexico-Canada Agreement (USMCA). While the president expressed a preference against the existing trade pact, he acknowledged he may still sign a renewal. The three nations face a July 1 deadline to approve the agreement or signal an intent to exit, which … Read more
Geneva police deployed teargas on Sunday to disperse protesters who set fire to a Tesla vehicle and smashed windows at a United Nations agency. The violence occurred during a demonstration of approximately 20,000 people ahead of the Group of Seven (G7) summit scheduled for June 15–17 in Evian-les-Bains, France. Did You Know? The G7 summit … Read more