Air New Zealand Lowers Earnings Forecast Amid Economic Challenges
Apr 22, 2024 04:09 am UTC| Business
Air New Zealand delivered a financial update that rattled investors, announcing a reduction in its annual earnings forecast. This was due to the ongoing cost-of-living crisis and economic downturn affecting revenue...
Salesforce, Informatica Acquisition Deal Collapsed
Apr 22, 2024 03:45 am UTC| Business
Salesforce Inc. and Informatica Inc. have been in talks about a buyout deal, and a recent report revealed that the negotiation fell apart. The former failed to buy the data-management software company because the two sides...
US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success
Apr 22, 2024 02:44 am UTC| Technology Business Politics
In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...
New IRS Crypto Tax Form: What Your Broker Will Report Next Year
Apr 21, 2024 16:26 pm UTC| Technology Digital Currency Business Law
The IRS has introduced a draft of the 1099-DA tax form, a new document for reporting cryptocurrency transactions. Set to impact brokers and investors, this form will track gains and losses in digital asset exchanges...
Tesla's Bold $8,000 FSD Cut Targets US, Drops Prices $2,000 in China
Apr 21, 2024 15:12 pm UTC| Technology Business
Tesla is aggressively pursuing market expansion by reducing the price of its Full Self-Driving (FSD) software to $8,000 in the U.S. and decreasing model prices by $2,000 in China amidst escalating competition. Musks...
Wealth Managers to Increase Bitcoin ETF Investments, Says Bitwise CEO
Apr 21, 2024 13:10 pm UTC| Technology Digital Currency Business
According to Bitwise CEO Hunter Horsley, U.S. wealth management firms are poised to expand their holdings in Bitcoin ETFs, reflecting a robust demand for cryptocurrency investments following the recent Bitcoin...
Tesla Trims Prices on Models Y, X, S Amid Sales Dip; Musk Delays India Trip
Apr 20, 2024 11:49 am UTC| Technology Business
Tesla has reduced the prices of its Model Y, X, and S vehicles by $2,000 to boost sales following disappointing first-quarter delivery numbers. Meanwhile, CEO Elon Musk postponed his anticipated trip to India due to...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight