Share to FacebookShare to TwitterShare to LinkedinTopline Shares of big-data analytics firm Palantir Technologies, which specializes in military software, plummeted to a record low Monday morning following a disappointing earnings report and a cautionary note from CEO Alexander Karp, who urged governments to weigh the consequences of further escalation between Russia and Ukraine despite acknowledging…
Share to FacebookShare to TwitterShare to LinkedinTopline Amazon on Thursday fired more than six senior managers at its Staten Island JFK8 warehouse, the New York Times reported on Friday, a month after the fulfillment center voted to unionize in what marked the first major victory for the company’s labor movement. Christian Smalls, president of the…
Share to FacebookShare to TwitterShare to Linkedin Tesla chief Elon Musk. AFP via Getty Images Good news for Musk’s Twitter bid has not translated into good news for Musk’s Tesla stock. It should have been a day of celebration for Tesla and SpaceX chief Elon Musk, after he announced $7.1 billion in equity commitments toward…
Share to FacebookShare to TwitterShare to LinkedinTopline Germany could end its reliance on Russian oil by the close of summer, the country’s Federal Ministry of Economics and Technology reportedly announced Sunday, stepping up its previous timeline by at least three months—barely three weeks after the European Union announced a ban on Russian coal imports. A…
Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Amazon collapsed Friday after the e-commerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down more than 30% below its record high and extending a slate of massive losses among formerly high-flying technology firms. What goes up: Shares…
Share to FacebookShare to TwitterShare to LinkedinTopline As he looks to finance his massive acquisition of social media company Twitter, Elon Musk sold another 5.2 million shares of Tesla for roughly $4.5 billion, bringing his total share sales this week to nearly 10 million, according to new filings with the Securities and Exchange Commission released…
Share to FacebookShare to TwitterShare to LinkedinTopline Former German tennis star Boris Becker—whose off-court troubles have overshadowed his athletic success—was sentenced Friday to two and a half years in prison after a U.K. court found he withheld hundreds of thousands of dollars in assets after declaring bankruptcy in 2017, according to multiple reports. Former tennis…
Ron Guerrier from HP, Linda Jojo from United Airlines and Lidia Fonseca from Pfizer. Illustration by Alexander Wells. Recognizing 50 top tech leaders who are redefining the CIO role and driving game-changing innovation. By Forbes CIO Network Editors Martin Giles, Jair Hilburn & Emmy Lucas Today’s outstanding CIOs know that mastering technology alone isn’t a…
Share to FacebookShare to TwitterShare to LinkedinTopline An executive for the American Civil Liberties Union testified Thursday in Amber Heard and Johnny Depp’s defamation trial that he believes Tesla CEO Elon Musk, who dated Heard, paid a portion of the $3.5 million the actress promised the organization—only $1.3 million of which was paid. Elon Musk,…
Share to FacebookShare to TwitterShare to Linkedin Newly built Tre BEV trucks awaiting shipment to customers from Nikola’s Coolidge, Arizona, plant. Nikola Inc. Nikola Inc., which aims to be a leader in battery- and hydrogen-powered heavy trucks, has begun production of electric semis at its new Arizona plant, getting to market at least a year…
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