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Tag Archives: Business News

Elon Musk Announces Human Trial for Neuralink New BCI Chip

Elon Musk said the Neuralink device called N1 would provide solutions to two body-impaired challenges, namely blindness, and quadriplegia.During a “show-and-tell” event organized by Neuralink, Elon Musk announced the next phase of development for the N1 brain-computer interface (BCI) chip. The world’s most famous and multi-serving executive showed the audience how a brain implant controls a monkey. For the past five years, Neuralink has been conducting such tests on animals. The...

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Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes

Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the...

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EV Charging Startup Volta Stock Closes Below 50 Cents for First Time since Public Listing

Volta recently closed under 50 cents for the first time as a public company due to a cash crunch and the possibility of stock delisting.EV charging startup Volta (NYSE: VLTA) saw its shares close below 50 cents for the first time since its public listing last year. This recent relative stock underperformance could be attributable to several factors affecting the electric car charging company. They include a cash crunch as well as the possibility of a stock delisting.Volta stock briefly...

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Meta Platforms’ Business Lead Says Holiday Sales Came Early

Just as most businesses have slowed their advertisement rates based on the need to cut expenses, Meta Platforms has also done a lot to reduce its overall overhead costs.American metaverse-focused tech giant, Meta Platforms Inc (NASDAQ: META) has seen its holiday sales come earlier than planned, signaling a shift in the overall consumer behavior in the United States. Speaking at the Reuters’ NEXT Conference, Nicola Mendelsohn, Meta Vice President of Global Business said the holiday season...

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Amazon Sees Record-Breaking Thanksgiving Shopping Weekend in 2022

According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend.E-commerce giant Amazon (NASDAQ: AMZN) has recorded its biggest Thanksgiving shopping weekend this year. This came despite the unstable economy, inflation, and investment losses affecting many. As November ended, the e-commerce company said it saw record-breaking sales within the five days of holiday shopping, between the 24th and the 28th of...

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Elon Musk Implores Fed to Cut Interest Rates or Risk Economy Tumbling into ‘Severe’ Recession

Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession.Elon Musk believes that the Federal Reserve must cut interest rates immediately or risk incurring a severe recession. The outspoken Tesla CEO made his opinion known in an early tweet Wednesday, which read:“Trend is concerning. Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession.” According to Musk, the Fed’s...

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Republicans Lean into Situation between Elon Musk and Apple Over Twitter

The governor noted that Elon Musk is opening Twitter up for free speech, and Apple wants to take that away from him.New Twitter owner Elon Musk has been attacking iPhone maker Apple (NASDAQ: AAPL) over various issues, including a recent threat from the technology company to remove the bluebird app from the App Store. Over the past week, the billionaire has been making reference to the Twitter-Apple relationship, mentioning the 30% cut of all digital sales made through the apps....

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