Newsmax shares jumped 24% in premarket trade on Tuesday, reaching $103.95, after the cable news network saw its first-day pop. The stock had surged to $83.51, having started at $10. Newsmax reported a loss of $72 million last year, but revenue climbed 26% to $171 million, driven by a legal settlement with Smartmatic over false … Read more
Tesla investors are bracing for a possible decline in global demand amid concerns over consumer backlash against CEO Elon Musk. The electric carmaker is set to release data on first-quarter deliveries, expected to show a 7% drop compared to the same period last year. This follows protests against Musk and Tesla’s showrooms globally. Analysts have … Read more
SpaceX is set to launch its 25th Starlink flight of the year, carrying 27 new satellites into low Earth orbit. The mission, dubbed Starlink 11-13, will lift off from Vandenberg Space Force Base at 4:39 p.m. PDT (7:39 p.m. EDT). The Falcon 9 rocket will use a booster that has previously supported NASA missions and … Read more
Kenan Thompson, a cast member on Saturday Night Live (SNL), spoke to Entertainment Weekly about the musical guest Morgan Wallen’s sudden departure from the show after the episode aired. During an interview, Thompson described Wallen as a “complicated individual” who bolted from the stage after giving a quick hug to guest host Mikey Madison. Thompson … Read more
French far-right leader Marine Le Pen has been found guilty of misappropriating public funds by a French court, which barred her from running for the next presidential elections. The ruling sparked messages of support and criticism from European politicians, with leaders from parties affiliated with the National Rally expressing solidarity and attacking the French judicial … Read more
NASA has added SpaceX’s Starship to its contract for launching agency missions, a move that could pave the way for the vehicle to compete in future launches. The SpaceX Falcon 9 and Falcon Heavy rockets are already on the National Launch Services (NLS) II contract, which is used by NASA for science and exploration missions. … Read more
US stock futures plummeted on Tuesday, marking the start of the second quarter with uncertainty over President Donald Trump’s tariff policy rollout. The Dow Jones Industrial Average’s futures fell 232 points, or 0.5%, while S&P 500 and Nasdaq-100 futures slid 0.4% and 0.2%, respectively. The White House is expected to unveil reciprocal tariffs on goods … Read more
Protests against Tesla have escalated, with demonstrators taking to the streets in cities worldwide. CEO Elon Musk has responded by claiming the protests are funded by paid protestors and has even accused his former friend Reid Hoffman of backing the movement. The “Tesla Takedown” movement, which started on X (formerly Twitter), was initially a grassroots … Read more
Netflix’s hit drama series “Adolescence” will be shown in schools across the UK to spark conversations on social media harm, particularly violent misogyny and online radicalization. The show explores a 13-year-old boy accused of fatally stabbing a girl at school, highlighting how social media may have contributed to the crime. British Prime Minister Keir Starmer … Read more
Conservative TV news outlet Newsmax made its highly anticipated debut on the New York Stock Exchange, with shares skyrocketing over 700% on Monday. The company raised $75 million through the sale of 7.5 million class B common shares at a price of $10 per share. Newsmax’s founder and CEO Christopher Ruddy expressed confidence in the … Read more