Tesla CEO Elon Musk’s company is opposing a federal regulation requiring car crash data reporting, joined by the Trump transition team. The regulation was recommended by the transition team as “excessive” data collection, according to a document seen by Reuters. Musk previously worked on government efficiency under the Trump administration and pledged to cut federal … Read more
The S&P 500 index has reached an historically high forward price-to-earnings (PE) ratio of 22.3, a level only seen twice since 1985 during the dot-com bubble and the Covid-19 pandemic. This valuation is considered a contrarian indicator signaling irrational optimism, and history suggests that the index may be due for a correction. However, Goldman Sachs … Read more
President-elect Donald Trump has publicly backed the International Longshoremen’s Association (ILA), which is preparing to strike over automation at US ports in mid-January. The union, representing over 40,000 dockworkers, went on strike for three days in October due to concerns about job replacement by robots. Trump stated that he understands the impact of automation on … Read more
US President-elect Donald Trump’s transition team is considering scrapping a car-crash reporting requirement that Tesla CEO Elon Musk strongly opposes. The requirement, which collects data on crashes involving advanced driver-assistance systems (ADAS), is crucial for improving road safety. Musk has opposed the removal of the requirement, citing concerns it could hinder government investigations into crashes … Read more
Palantir, a leading artificial intelligence (AI) company, has reported impressive earnings growth, exceeding expectations by 27%. The company’s revenue increased to $725 million in the latest quarter, driven mainly by its commercial segment. This marks the largest jump in growth since mid-2022. Palantir’s government contracts continue to perform well, but the commercial sector is now … Read more
NFL experts weigh in on their top picks for Week 15, with several upsets expected. The Browns are predicted to upset the Chiefs, while the Giants look to pull off a massive upset against the Ravens. Meanwhile, the Jets are seen as underdogs no more, as they take on the Jaguars. The Titans, despite being … Read more
Solana (SOL), Sui (SUI), and Ava (AVA) are navigating crucial price levels as their technical setups signal both potential gains and losses. Solana is trading within a falling channel, facing resistance near $235 after testing it on December 13. The 200-period EMA near $223 offers support, but a break below this level could intensify the … Read more
Scientists Xiujie Wu and Christopher Bae have proposed a new form of ancient humans, named Homo juluensis, which they call the Juluren. This group lived in eastern Asia between 300,000 and 50,000 years ago and is characterized by remarkably large brains and unique physical traits. The Juluren exhibit features unlike any other hominins previously identified, … Read more
Google has made several significant announcements in the world of Android this week, including the launch of Android XR, a new platform designed to power smart glasses and XR headsets. The platform, developed in partnership with Samsung and Qualcomm, aims to enable users to switch between virtual and real-world environments seamlessly. Android XR will be … Read more
Walgreens Boots Alliance (WBA) stock is trading higher on Friday following a report that private-equity firm Sycamore Partners has approached various lenders to fund a possible acquisition of the company. If a deal goes through, Sycamore would acquire and take private Walgreens Boots Alliance, one of the largest providers of retail pharmacy services in the … Read more