Elon Musk: tech genius, social media boss, eccentric
Elon Musk is at turns ingenious, impulsive and infuriating.. One way or another, Musk has become one of the most ubiquitous figures of the era.
Tech News
Elon Musk takes control of Twitter, fires executives: US media
Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday, in a deal that puts one of the top platforms for global discourse in the hands of the world's richest man.. The reports came hours before the court-appointed deadline for Musk to seal his on-again, off-again deal to purchase the social media network.
China economic slowdown to drag on Asia growth: IMF
China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook.. China's "broad-based" slowdown "is estimated to have important spillovers to the rest of Asia through trade and financial links", according to the IMF. It noted that the region may also face other "persistent" headwinds in the form of tighter global monetary policy and Moscow's invasion of Ukraine, which has caused commodities prices to spike.
Japan to unveil huge economic package to address inflation
Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion to cushion the impact of inflation and a weak yen.. Details of the stimulus spending will be announced later in the day, with public broadcaster NHK and other media outlets saying it will be more than 29 trillion yen (around $200 billion).
US tech titans buffeted by economic headwinds and TikTok
US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy.. Apple reported solid profits on rising revenues, but the tech giant's iPhone sales missed estimates while it saw slowing growth in services revenues.
Apple reports solid profits, but iPhone sales miss estimates
Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates while it saw slowing growth in services revenues.. Profits edged up one percent to $20.7 billion, on an eight percent rise in revenues to $90.1 billion in Apple's fiscal fourth quarter ending September 24.
Amazon quarterly profit slips as shoppers seek bargains
Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.. Sales at the e-commerce colossus increased 15 percent to $127.1 billion in the third quarter, compared with $110.8 billion in the same period a year earlier.
US tech titans buffeted by economic headwinds and TikTok
US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now.. Aside from one period at the start of the Covid pandemic, that would mark the weakest revenue growth at Alphabet for any quarter since 2014.
Disney unveils centenary events at London 'Mary Poppins' mansion
Disney on Thursday held a glitzy presentation of planned European events for the Hollywood studio's 100th anniversary next year, returning to a London mansion used in its 2018 "Mary Poppins Returns" film.. The venue for Thursday's showcase, Banking Hall in the City of London, was chosen because it featured in film "Mary Poppins Returns" released four years ago, she noted.
Strong McDonald's results showcase advantage amid inflation
McDonald's reported stronger-than-expected quarterly profits Thursday as executives pointed to signs it is drawing customers priced out of more expensive restaurants.. While McDonald's has not seen significant trade down among its own consumers, the company is "benefitting from trade down" from more expensive restaurant categories, Chief Executive Chris Kempczinski said on a conference call with analysts.
