US stocks fall as Fed quagmire grips investors | Financial Markets News

US stocks fall as Fed quagmire grips investors |  Financial Markets News

The S&P 500 fell 3.5%, the Nasdaq 100 shed 5.1% while the Dow Jones Industrial Average dropped 3.1%. By Rita NazarethBloomberg Published On 5 May 2022May 5, 2022 The stock surge that followed the Federal Reserve decision proved short-lived ahead of Friday’s jobs report, with traders worried that officials could struggle to fight inflation amid … Read more

Tesla profits surge as EV maker races past rising material costs | Automotive Industry News

Tesla profits surge as EV maker races past rising material costs |  Automotive Industry News

Shares of Tesla rose 4 percent after the close of regular trading. Tesla Inc surged past Wall Street estimates for quarterly revenue and profit on Wednesday, as the electric vehicle (EV) maker raised prices in response to inflation, offsetting the impact of a Shanghai factory shutdown. Tesla has been an outlier since the outbreak of … Read more

What is Twitter’s ‘poison pill’ and what is it supposed to do? | Social Media News

What is Twitter’s ‘poison pill’ and what is it supposed to do?  |  Social Media News

EXPLAIN On Friday, Twitter’s board showed it will not go quietly after Musk offered to buy the company. Twitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill”, a financial device that companies have been wielding against unwelcome suitors for decades. On Thursday, Musk offered to buy Twitter with the revelation … Read more

‘Pattern’ of gig worker murders reveals safety gaps: labor group | Workers’ Rights News

‘Pattern’ of gig worker murders reveals safety gaps: labor group |  Workers’ Rights News

Two years after fleeing political persecution in Bangladesh, Salauddin Bablu was stabbed to death in Manhattan by a man who stole the electric bike he used to deliver food during long shifts for the Grubhub app. “When Salauddin died, his family lost everything,” Bablu’s brother-in-law, Muhammad Ahsan, said by phone from New York City, adding … Read more

First all-private astronaut mission to ISS readies for liftoff | Space News

First all-private astronaut mission to ISS readies for liftoff |  Space News

The International Space Station (ISS) is set to become busier than usual this week when its crew welcomes on board four new colleagues from Houston-based startup Axiom Space, the first all-private astronaut team ever flown to the orbiting outpost. The launch is being hailed by the company NASA and other industry players as a turning … Read more