Tesla CEO Elon Musk is once again the richest person in the world, after shares of the electric car maker rose around 24% in May, according to data from Eikon. Musk’s wealth has jumped 40.3% year-to-date to $192 billion, according to the Bloomberg Billionaires Index. Musk previously lost the top spot to LVMH CEO Bernard … Read more
(1/2) Visitors stand next to a ‘Make In India’ logo during a three-day semiconductor event in Bangalore, India April 30, 2022. REUTERS/Munsif Vengattil/File Photo India’s Modi wants to turn the country into a chip manufacturing hub Companies struggle to move forward with source plans Intel-Tower deal blocks chip plans from consortium-sources The mega Vedanta-Foxconn JV … Read more
WASHINGTON (AP) — Amazon on Wednesday agreed to pay a $25 million civil penalty to settle Federal Trade Commission allegations that it violated a children’s privacy law and tricked parents into keeping for years children’s voice and location data recorded by its popular voice assistant Alexa. Separately, the company has agreed to reimburse customers $5.8 … Read more
new York CNN — Weddings are back, in full force. That’s the good news. But engaged couples will pay a little more to get married in 2023. The average cost of a wedding, nationwide, this year is $29,000, up $1,000 from 2022, according to online wedding planning site Zola. And in some major US cities, … Read more
Amazon In the agency’s latest effort to hold big tech accountable, the company has agreed to settle the privacy breaches for $5.8 million. Reuters Wed 31 May 2023 20.02 EDT A former employee of Amazon’s Ring doorbell camera unit spied on female customers for months in 2017 with cameras placed in bedrooms and bathrooms, the … Read more
The Sacramento Municipal Utility District (SMUD) and Pacific Gas and Electric Co. (PG&E) will increase their service prices between June 1 and September 30. PG&E’s rate for electricity during peak hours will drop from 41 cents per kilowatt hour (kWH) to 50 cents per kWH between 5 p.m. and 8 p.m. For SMUD, the tariff … Read more
2024 presidential candidate and entrepreneur Vivek Ramaswamy shares his thoughts on the debt ceiling vote, government spending, his visit to Chicago’s South End and having his account locked by LinkedIn. GOP presidential candidate Vivek Ramaswamy has expressed deep concerns about Tesla CEO Elon Musk’s meeting with China’s foreign minister this week, saying it was risky … Read more
hong kong CNN — Elon Musk has regained his position as the richest person in the world. That’s according to a tally by Bloomberg Billionaires, which estimates the Tesla (TSLA) CEO’s net worth is now around $192 billion, compared to $187 billion for LVMH (LVMHF) CEO Bernard Arnault. The two centibillionaires, a term used to … Read more
The Sacramento Municipal Utility District (SMUD) and Pacific Gas and Electric Co. (PG&E) will increase their service prices between June 1 and September 30. PG&E’s rate for electricity during peak hours will drop from 41 cents per kilowatt hour (kWH) to 50 cents per kWH between 5 p.m. and 8 p.m. For SMUD, the tariff … Read more
Target’s decision to remove some LGBTQ-themed merchandise after customer backlash at its stores highlights the problem of companies’ “rainbow capitalism”, said Erik Carnell, a transgender designer whose products have been removed from its stores. Target has been selling LGBTQ-related merchandise related to Pride Month for years. But last week the big-box chain pulled Carnell’s products, … Read more
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