Tag Archives: Step

Tesla CEO Elon Musk has found a new way to jolt the electric carmaker’s bruised stock price: Tease that he’d step away from being Twitter’s CEO. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk tweeted to his 122.1 million followers on Sunday. The poll closed on Monday morning, with 57.5% of the 17.5 million votes choosing “Yes” and Tesla was up nearly 5% in pre-market trading. The risk of operational miscues at Tesla has grown as Musk focuses on… Source link

The Mark Cuban Cost Plus Drug Company is teaming up with EmsanaRx, a pharmacy benefit manager (PBM) focused on employer plans, to make lower-cost prescription drugs more accessible to patients through their employers. The program, EmsanaRx Plus, is described as “a standalone pipeline” for employers to supply drugs to employees through Cost Plus Drugs, an online pharmacy that offers more than 1,000 of the most in-demand generic medications at significantly marked-down prices. “Like Cost Plus… Source link

General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations of $1.89, with adjusted net income jumping nearly 50% to $4.3 billion. What has surprised some on the Street is GM reaffirming its full-year EBIT… Source link

Three seasons ago, the Miami Heat got all the way to the NBA Finals, coming within two games of taking home the fourth championship in franchise history, albeit in the COVID-19-related bubble in Orlando. Then, last year, they were within one game – and arguably one three-point attempt by star forward Jimmy Butler – from reaching the Finals again. Now, the team will look to take that final step and win a championship while Butler remains in his prime. The question is: Do they have enough… Source link

As we approach the final stage of the NFL’s personal conduct ramifications for Cleveland’s Deshaun Watson, there are no shortage of questions and a vast supply of frustration and vague answers surrounding the case of the Browns quarterback who was accused of sexual misconduct or sexual assault against multiple women, a violation of the league’s personal conduct policy. It’s partly due to Watson’s case being the first test to an altered disciplinary system and because the first arbitrator… Source link

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched Facebook on a similar path? That is the big question investors need to start asking as the Meta Platforms Inc. META,

The world’s largest public holder of Bitcoin called on regulators to finally tackle a laundry list of risky, immature crypto industry practices, or “parade of horribles”, that are unfairly weighing on the price of its asset. Microstrategy CEO Michael Saylor argues the over 19,000 cryptocurrencies and digital tokens in circulation must be viewed as “unregistered securities” that cannot be likened to a hard commodity like Bitcoin—which has no issuer, no management, no employees, no… Source link

Google announced a new technology called LIMoE that it says represents a step toward reaching Google’s goal of an AI architecture called Pathways. Pathways is an AI architecture that is a single model that can learn to do multiple tasks that are currently accomplished by employing multiple algorithms. LIMoE is an acronym that stands for Learning Multiple Modalities with One Sparse Mixture-of-Experts Model. It’s a model that processes vision and text together. While there are other… Source link

On Thursday, President Joe Biden announced a proposal to get even more aggressive with the billions seized from Russian oligarchs who have close ties to Vladimir Putin. The White House released the outlines of what it calls a new comprehensive legislative package around Ukraine that includes provisions to “streamline the process for seizure of oligarch assets, expand the assets subject to seizure, and enable the proceeds to flow to Ukraine,” the White House said. The move on oligarchs and… Source link

Spotify Technology SA has reached a deal with Google to offer an alternative payment method within its app for users, the latest sign of the weakening grip that app stores have over third-party software. The streaming music service and Alphabet Inc.’s search giant announced the deal Wednesday, allowing Spotify’s SPOT 0.75% app within the… Source link