Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares slumped 12% on Friday and headed for their steepest drop since July 2020, after the chipmaker issued a forecast for the current quarter that came in far short of analysts’ estimates. In its earnings report … Read more
Happy Friday! It’s January 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Tesla Stock Keeps Falling After Warning Of Soft 2024 Growth Just yesterday, we talked about Tesla’s eight … Read more
Saudi Arabia’s first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats. While it only affects a select group, it’s a big change for the highly conservative Muslim kingdom, where alcohol has been banned since 1952 after a Saudi prince murdered a British diplomat in a drunken rage. … Read more
Australia’s electric car drivers will be offered the chance to fill up their vehicles for less than $5 as part of a trial by the nation’s biggest energy retailer. Origin Energy has revealed plans to launch its EV Power Up trial next month as part of a larger plan to manage demand on its network … Read more
LOS ANGELES — The estate of George Carlin has filed a lawsuit against the media company behind a fake hourlong comedy special that purportedly uses artificial intelligence to recreate the late standup comic’s style and material. The lawsuit filed in federal court in Los Angeles on Thursday asks that a judge order the podcast outlet, … Read more
Chinese-founded online retail giant Shein is not positioning itself as an Amazon “clone,” the company told CNBC, as it prepares for a U.S. public listing later this year. The e-commerce company’s product categories are likely to “grow over time,” as the business entrenches itself deeper into the U.S., Peter Pernot-Day, head of strategic communications, U.K. … Read more
When Michelle Mone sat down for an interview with the BBC’s Laura Kuenssberg last month it was against the backdrop of serious allegations that she had been facing since 2020. Mone and her husband, the Isle of Man-based businessman Doug Barrowman, are the subjects of a long-running National Crime Agency investigation into allegations of bribery … Read more
While day-to-day banknote use is declining, a new report has revealed the most popular (and surprising) way Australians still use their cold, hard cash. The Reserve Bank of Australia’s (RBA) Understanding the Post-pandemic Demand for Australia’s Banknotes revealed the value of banknotes in Australia grew by 22 per cent, or $19 billion, during the pandemic. … Read more
After reviewing Tesla’s earnings, CNBC’s Jim Cramer on Thursday criticized CEO Elon Musk and told investors why he thinks the electric vehicle giant has lost its spot among the “Magnificent Seven” tech stocks. “As someone who was among the first to vocalize the Magnificent Seven rubric, I officially acknowledge now that there are only six … Read more
A former WWE employee filed a federal lawsuit Thursday accusing executive Vince McMahon and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex. The graphic 67-page suit from Janel Grant, who worked in the company’s legal and talent departments, also includes allegations that McMahon, now 78, forced her … Read more
