Block, formerly known as Square, reported weaker-than-expected revenue and profit for the fourth quarter, causing its stock to drop over 6% in extended trading. The company’s earnings per share fell short of analyst estimates at 71 cents adjusted versus 87 cents expected. Revenue came in at $6.03 billion, a 4.5% increase from last year but … Read more
Palantir Technologies (PLTR) shares fell 10% on Wednesday, and again dropped 5.2% on Thursday after a report stated that the Trump administration has directed the Pentagon to make sizable cuts to the US defense budget. The move could negatively affect military contractors like Palantir, which earns over 40% of its fourth-quarter revenue from the US … Read more
Tesla owners are facing another concern as more than 376,000 Model Y crossovers and Model 3 sedans may be affected by power steering failures due to excess voltage reaching the printed circuit board. So far, over 3,000 warranty claims have been reported, with 570 crashes attributed to the issue. Federal investigators had opened a preliminary … Read more
The global market for herbal medicines and supplements has experienced explosive growth in recent years, but concerns about overuse, misuse, and quality control have arisen. Many people assume that since herbal pills are derived from natural sources, they must be safe to use freely without restrictions on courses and dosages. However, this assumption is incorrect. … Read more
US President Donald Trump has expressed interest in inspecting the gold reserves stored at Fort Knox, a US military base in Kentucky. During a conversation with reporters on Air Force One, Trump stated that he intends to “go into Fort Knox” to verify the presence and quantity of the gold. The comment was met with … Read more
The Court of Arbitration for Sport (Cas) has dismissed Luis Rubiales’ appeal against his three-year FIFA ban, leaving the suspension in place. The former Spanish Football Federation president was found guilty of behaving “in a manner contrary to the principles of the Fifa Disciplinary Code” after kissing Spain player Jenni Hermoso without consent during the … Read more
San Antonio Spurs rookie Victor Wembanyama has been ruled out of the 2024-2025 season due to a serious blood clot in his right shoulder, according to the NBA. The French center, who won Rookie of the Year honors last season, was diagnosed with deep vein thrombosis (DVT), a condition that occurs when a blood clot … Read more
Elon Musk has called for the deorbiting of the International Space Station (ISS) as soon as possible, potentially by 2027. In a recent tweet, he stated that it’s time to start preparing for deorbiting the ISS, claiming there is little incremental utility left in the space station. He suggested a two-year timeline for this process. … Read more
Business Insider reports that investors are piling into assets associated with Elon Musk, resulting in significant gains since Donald Trump’s election victory. Musk’s companies, including Tesla and X, have seen substantial increases in value, with Tesla up over 40% and X up more than 20%. This phenomenon, known as the “Musk trade,” is outpacing the … Read more
Nikola Corporation, an electric truck-maker once valued at over $30bn, has filed for bankruptcy in the US after its founder Trevor Milton was sent to prison for fraud. The company’s share price collapsed amid claims of misleading investors and a short-seller report accusing Milton of creating “an intricate fraud built on dozens of lies”. In … Read more