Elon Musk
Tesla Stock Plummets After Net Income Falls 45 Percent; Tech Outage Caused by ‘Bug’: CrowdStrike | Business Matters Full Broadcast (July 24)
Tesla stock plummeted a day after posting second quarter earnings. Car sales, its main business, were down 9 percent year-over-year, at $18.5 billion. Higher costs did not help; net income was down 45 percent, at $1.5 billion. CEO Elon Musk immediately addressed this in the earnings call. CrowdStrike says a “bug” caused the global tech […]
Musk Will Defend X Against EU Charges: Professor
EU tech regulators ruled on Friday in a finding that Elon Musk’s social media company X breached European Union online content rules and its blue checkmark deceives users. This could lead to a hefty fine and significant changes in how it operates. NTD speaks to Andrew Selepak, a social media professor, for insight on what […]
NTD Newsroom Full Broadcast (July 12)
The Israeli military finds dozens of weapons at a Gaza building used by the U.N. relief agency for Palestinians. We’ll tell you what else they found. The European Commission accuses social media platform X of breaching online content rules. How Elon Musk responds to the allegations. The manslaughter trial of actor Alec Baldwin is put […]
Musk Beats $500 Million Lawsuit by Fired Twitter Workers; Microsoft Ditches OpenAI Board Seat | Business Matters (July 10)
Elon Musk has won dismissal of a $500 million lawsuit that claimed some Twitter employees did not receive adequate severance when they were laid off after Mr. Musk took over. Microsoft has given up its board observer seat at OpenAI in a move seemingly aimed at easing U.S. and UK antitrust regulators’ concerns about the extent […]
Wells Fargo Fires Employees for Allegedly Faking Work; Consumer Sentiment Hits 7-Month Low | Business Matters Full Broadcast (June 14)
Wells Fargo last month terminated more than a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work, Bloomberg News reported on Thursday. Consumer sentiment deteriorated in June as households worried about inflation and incomes, a survey showed on Friday. Federal authorities and Boeing are trying to […]
Tesla Shareholders Approve Elon Musk’s $56 Billion Pay Package
Tesla shareholders approved Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to his leadership and an enticement for keeping his focus on the electric vehicle maker. The Tesla CEO could still face a long legal fight to convince a Delaware judge who invalidated the package in January, describing it […]
Tesla Shareholders Approve Musk’s $56-Billion Pay Package; Weekly Jobless Claims at 10-Month High | Business Matters Full Broadcast (June 13)
Tesla shareholders approved CEO Elon Musk’s $56-billion pay package, the electric vehicle-maker said Thursday, in a big thumbs-up to his leadership and an enticement for him to maintain his focus on his biggest source of wealth. The head of the Federal Aviation Administration (FAA) said Thursday the agency was too “hands-off” in its oversight of […]
Musk Threatens to Ban iPhones at His Companies; Small Business Sentiment and Uncertainty Up | Business Matters Full Broadcast (June 11)
Billionaire Elon Musk said on Monday he would ban Apple devices at his companies if the iPhone maker integrates OpenAI at the operating system level. The National Federation of Independent Business has released its latest data. Its Small Business Optimism Index rose and so did the Uncertainty Index, to its highest reading since November 2020. Once again, small business […]
Australia Drops Court Action Against Musk’s X Over Church Stabbing Posts
SYDNEY—Australia’s cyber safety regulator on Wednesday decided to drop a legal challenge against Elon Musk-owned X over the removal of videos of the stabbing of an Assyrian church bishop in Sydney, after a setback last month in the federal court. Judge Geoffrey Kennett in May rejected a bid by the eSafety commissioner to extend a […]
Elon Musk Could Help Trump Secure Border, Slow Drug Trafficking: Former DEA Agent
Former U.S. Drug Enforcement Administration (DEA) agent Derek Maltz is backing the idea of billionaire investor and technologist Elon Musk contributing his skills and resources in the business and technology sector to heighten U.S. border security efforts. The Wall Street Journal first reported on Wednesday that former President Donald Trump is allegedly considering Mr. Musk […]
Trump to Take Part in Town Hall on X, Elon Musk Confirms
Elon Musk confirmed that a town hall with former President Donald Trump is set to take place on X, the social media site formerly known as Twitter, drawing a contrast to the company’s prior management’s decision to kick the former president off the platform following the Jan. 6, 2021 incident at the U.S. Capitol. While […]
Trump: $39 Million Raised After Conviction; US Inflation Up Moderately in April | Business Matters Full Broadcast (May 31)
Friday is the first day after former President Donald Trump’s historic felony conviction in New York. He vows to fight the verdict, and NTD got reactions from a financial analyst and people on Wall Street. U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity […]
xAI Raises $6 Billion in Latest Funding Round, Boosting Valuation to $24 Billion
Elon Musk’s AI firm xAI raised $6 billion in its latest round of funding and raised its valuation to $24 billion. In xAI’s press release, the company says it is focused on developing AI that is truthful, competent, and maximally beneficial for all of humanity.
Expert: China Aims to Dominate Boeing by 2049; New Cars Market Is a Buyer’s Market Again | Business Matters Full Broadcast (May 27)
Memorial Day weekend is shaping up to offer some of the best deals on new cars in years. The discounts vary widely by manufacturer and type of car, but it’s a good time to be in the market for an electric vehicle. Passenger traffic at U.S. airports is on pace to make this Memorial Day […]
Elon Musk Predicts AI Will Bring ‘Universal High Income’ but Lack of Meaning to Life
Elon Musk tells the 2024 VivaTech conference in France that artificial intelligence may bring universal high income but a lack of meaning to life. He says the science fiction book series “The Culture,” by Scottish author Iain Banks, is the most accurate portrayal of a future with super-intelligent AI.
Elon Musk Says AI Will Take All Our Jobs; Expert Raises Concern on Pentagon Consulting Bloat | Business Matters Full Broadcast (May 24)
Elon Musk says artificial intelligence will take all our jobs. He also told the 2024 VivaTech conference in France that AI may bring universal high income as well as a lack of meaning to life. The U.S. Securities and Exchange Commission on Thursday approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds tied to […]
Elon Musk Launches Starlink Satellite Internet Service in Indonesia
DENPASAR, Indonesia—Elon Musk traveled to Indonesia’s resort island of Bali on Sunday to launch Starlink satellite internet service in the world’s largest archipelago nation. Wearing a green Batik shirt, Musk was greeted with a garland of flower petals at a community health clinic in Denpasar, the provincial capital of Bali, where he launched the Starlink […]