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GM expects $500 million in Trump’s tariff refunds—just a fraction of the $3.1 billion in tariffs it paid last year
GM’s chief financial officer Paul Jacobson said on GM’s first quarter earnings call Tuesday that the refund the company is set to receive is small compared to the other tariffs that apply to it, including those imposed by the Trump administration that haven’t been invalidated by the nation’s top court. These include tariffs on imported steel and aluminum as well…
Elon Musk accuses Google co-founder of loving robots as much as people: ‘Larry Page called me a ‘specieist”
OpenAI’s lawyers tell a slightly different story. Lead counsel William Savitt told jurors in his opening statement that Musk had simply lost a power struggle and was now nursing his “sour grapes,” particularly because Musk now runs his own for-profit AI lab, xAI. “My clients had the nerve to go on and succeed without him,” Savitt said. “Mr. Musk did…
Disneyland implements facial recognition to keep the lines moving, but guests say they didn’t know it was optional
If you want to visit the “Happiest Place on Earth,” you’ll go through a new gatekeeper first: facial recognition. Disney says the system is optional: Guests who do not want to use it can enter through non-facial-recognition lanes, where a cast member manually validates their ticket. However, those guests may still have their photos taken, even as Disney says biometric…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Japanese 10-Year Bond Yield Could Reach 2% in 2024, Predicts Eurizon’s Stephen Jen
Stephen Jen, CEO of Eurizon SLJ Capital Ltd., forecasts that Japan's benchmark 10-year bond yield may surge to 2% this year as the Bank of Japan (BOJ) prepares to unwind…
