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Business InsiderTesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, 'Big Short' investor says
Tesla is touting Robotaxis and AI initiatives to distract from problems in its core business, investor Danny Moses told CNBC on Sunday.
- Reuters
UPDATE 1-Lidar maker Hesai sues US government, denies alleged link to China's military
China-based Hesai Group sued the U.S. government on Monday for adding the maker of lidar light sensors to a list of companies allegedly working with Beijing's military. Hesai, whose lidars help self-driving cars and driver-assistance systems gain a three-dimensional map of the road, was added to the list by the U.S. Department of Defense in January along with over a dozen other companies. "No Chinese governmental or military entity has sought to exert influence or control over the Hesai Group's management, strategy, or research-and development operation," Hesai said in the lawsuit, adding it was majority owned by shareholders outside China.
- Reuters
PRESS DIGEST-British Business - May 14
The following are the top stories on the business pages of British newspapers. - Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world's largest listed miner "continues to significantly undervalue" the company. - JPMorgan Chase has pledged a further 40 million pounds ($50.22 million) in philanthropic investments in the UK over five years in a sign of its increasing focus on Britain.
- USA TODAY
Baltimore bridge span demolished with controlled explosives to free cargo ship
The demolition occurred shortly after 5 p.m. Monday after weather conditions, including lightning, delayed the operation over the weekend.
Business InsiderFrom a melt-up to a sell-off, the next 2 weeks will determine the stock market's direction for the summer
"Inflation and NVIDIA earnings data that exceed expectations could set the stage for an early summer melt-up," UBS said.
- Thomson Reuters StreetEvents
Q1 2024 Iterum Therapeutics PLC Earnings Call
Q1 2024 Iterum Therapeutics PLC Earnings Call
CNW GroupFRITO LAY CANADA RECALLS SUNCHIPS ® HARVEST CHEDDAR AND MUNCHIES ® ORIGINAL SNACK MIX OUT OF AN ABUNDANCE OF CAUTION DUE TO POSSIBLE HEALTH RISK
Frito Lay Canada today announced that out of an abundance of caution it is voluntarily recalling SunChips Harvest Cheddar Flavour Multigrain Snacks and Munchies Original Snack Mix. This action is the direct result of a seasoning supplier's notification that an ingredient supplied to it by a third party was potentially contaminated with salmonella. Although no salmonella was found in the seasoning supplied to Frito Lay Canada, the company has decided to recall these products out of an abundance o
PR NewswireThat's Fairy Squeaking Clean! Fairy joins forces with Celebrity Chef Poh Ling Yeow to relaunch 30 Minute Miracle dishwashing tablets.
Fairy, Procter & Gamble's leading dishwashing brand, is delighted to announce its exciting partnership with renowned celebrity chef Poh Ling Yeow. Fairy has joined forces with Poh to re-launch Fairy's '30 Minute Miracle' cleaning technology.
Business WireWorld No. 1 Magnus Carlsen Wins Superbet Poland Rapid & Blitz
WARSAW, Poland, May 14, 2024--The first leg of the Grand Chess Tour (GCT) came to a thrilling conclusion on Sunday, May 12 as five-time World Champion and World No. 1 Magnus Carlsen beat tournament leader Grandmaster (GM) Wei Yi to win Superbet Poland Rapid & Blitz and $40,000 for the first place finish.
- USA TODAY
California high-speed rail project is late, over budget. But there's no $11B bridge | Fact check
A high-speed rail system in California is over budget, but a bridge over the Fresno River did not cost nearly $11 billion or take nine years to build.
