The regulator will check whether Tesla's fix adequately addressed safety concerns.
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
Smartphone activations in the US are seeing the lowest share of iPhones in six years, according to data from Consumer Intelligence Research Partners (CIRP). The analysts report the numbers each quarter but use a 12-month period to eliminate seasonality (iPhone sales are always the weakest just before the new generation launches and the strongest just after). For most of 2023, Apple held steady at around 40%. However, it share began to slip at the end of the year and is now down to 33% at the...
Kaduna State House of Assembly on Tuesday, set up a fact-finding committee to probe all finances, loans and contract projects awarded during the administration of the immediate-past governor, Nasir El-Rufai. The probe by the state Assembly comes weeks after the incumbent Governor of Kaduna State, Uba Sani, lamented that El-Rufai left him a huge debt Read More
Debates to play a major role in Pennsylvania's 2024 US Senate election
By MARC LEVY Associated Press HARRISBURG, Pa. (AP) — Democratic U.S. Sen. Bob Casey of Pennsylvania wants a series of three debates with his Republican challenger David McCormick ahead of the November election, and McCormick is readily accepting. Casey says in a statement Thursday he intends to participate in debates in Philadelphia, Pittsburgh and Harrisburg.
McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising OxyContin maker Purdue Pharma and other drugmakers, three people familiar with the matter said. The consulting firm and the U.S. Justice Department declined to comment. The probe is focused on whether McKinsey engaged in a criminal conspiracy when advising Purdue and other...
New home construction in the US slowed last month as a leveling off in interest rates has given way to a lull in housing demand and caution among builders.
Erich Andersen will remain at TikTok and become its special counsel to lead its effort to overturn legislation signed into law by President Joe Biden that gives ByteDance 270 days to divest TikTok in the United States or face a ban
Ming-Chi Kuo says Apple has reduced its orders for Apple Vision Pro parts and assemblies, with the cut in shipments said to indicate lower demand for Apple's headset than previously thought. Apple Vision Pro The launch of the Apple Vision Pro in the United States was a success, with shipment estimates in February being far better than Apple's original estimate. However, months later, it seems Apple is preparing for considerably lower consumer demand as it moves into international sales. ...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a result, Apple is expected to take a "conservative view" of headset demand when the Vision Pro launches...
reported a decline in first-quarter profit on Tuesday, as margins came