Musk Backed PAC Under Investigations By Michigan State
A political action committee or PAC backed by Tesla and SpaceX CEO Elon Musk is under investigation for possibly violating Michigan state laws, a spokesperson for the Michigan Secretary of State office said in a statement on Sunday. Musk had previously said that he does have a PAC, which is solely focused on supporting candidates,…
John David
Chipmaking Giant Intel to Layoff 15% Of Total Workforce
Chipmaking giant and one of America’s biggest companies, Intel, has announced that it will lay off 15% of its workforce, about 15,000 employees, to drive a turnaround of its business to compete with other industry giants like Nvidia and AMD. The CEO of Intel Corp., Pat Gelsinger, sent a memo to his staff on Thursday…
Boeing to Get A New CEO to Pull Them Out of Crisis
Amid a crisis over quality, Boeing has announced its next CEO. On Wednesday, the company named aerospace veteran Kelly Ortberg their next CEO. Kelly is expected to turn around the planemaker in legal and regulatory problems, which has lost more than $1 billion. Ortberg will start his journey as the CEO of Boeing on 8…
No More Hood Latch Issue, Tesla Issues Software Fix
Tesla has issued a software update for almost all of its cars in the US over the risk that the car’s software could fail to detect an unlatched hood. This hood can fly open on freeways and obstruct the driver’s vision, causing accidents and fatalities. The National Highway Traffic Safety Administration, or NHTSA, shared this…
Temasek’s Big Investment Plans for the United States
Singapore state-owned firm Temasek Holding Pte. Ltd. is planning to invest $30 billion in the United States of America over the next five years. This decision comes as the firm is very cautious about putting money in China. The Head of Temasek North America, Jane Atherton, said in an interview on Monday, “The Americas is…
Trump Sets His Sights For Second Term In The Office
Former President of the United States of America, Donald Trump, laid out his vision for America’s future if elected for the second time at the 2024 Bitcoin conference held in Nashville. He said that he would wholeheartedly embrace the crypto revolution and urged his supporters to make the US the crypto capital of the world. …
CrowdStrike Apologises For The Global Outage They Caused
On July 19, around 8.5 million computers worldwide experienced an outage that cost firms thousands of dollars. The outage happened after the firms downloaded a security update from their cybersecurity vendor, CrowdStrike. After this, CrowdStrike issued an apology and a $10 Uber Eats voucher. Many Fortune 500 firms suffered financial losses as a result of…
Vipin
The US Stock Market Declines: Here is the Reason!
Google’s parent company, Alphabet and Tesla, shared their earnings reports on Tuesday, leading to a big slump in the prices of these companies’ stocks. It has significantly affected the S&P 500 and the NASDAQ composite. Both indexes saw the most decline in a single day since 2022. The border index, S&P fell 2.31% to 5,427.13,…
Florida A&M University Halts $7.75 Million Contribution
Amid concerns about the actual valuation of stock gifts, Florida’s A&M University decided to pause a $237.75 million donation after a media outbreak. FAMU (Florida A&M University) President Larry Robinson conducted an emergency board meeting to counter the doubts regarding the legitimacy of the gift. On May 4, 2024, FAMU’s commencement ceremony was held, where…
Kim Godwin Departs ABC News After Historic 3-Year Tenure
After three tumultuous years as ABC News president, Kim Godwin, ABC News’ first-ever black president, has stepped down on 5 May 2024. Godwin announced her retirement on Sunday. For the time being, the news division of Walt Disney and Co. has been appointed by one of Disney’s executives, Debra O’Connell, who will oversee the ABC…