Federal Reserve Bank of Richmond President Thomas Barkin recently expressed concerns about rising inflation in the United States, indicating that the central bank may need to raise interest rates to a higher level than previously anticipated. With inflation continuing to run too fast for comfort, Barkin believes that the Federal Reserve may need to take…
Google’s $100B Market Loss, caused by its Chatbot Error and Event Disappointments Outpaced by Microsoft’s AI-Powered Bing.
Google AI “BARD’ falls behind OpenAI’s ChatGPT. Alphabet’s market value took a $100 billion hit on Wednesday. The dip came after the chatbot, Bard, shared inaccurate information in a promotional video and a company event failed to impress. Investors are now worried that Google is losing ground to rival Microsoft. Shares of Alphabet slipped 9%…
Tesla’s price shift for its Model Y SUV have raised questions about the company’s strategy in the electric vehicle market.
Elon Musk triumphs, after he has won the recent court case against investor claims that he violated federal securities law. The jury rejected the claims and found that the investors failed to prove their case against Elon Musk and Tesla Inc. This case is another example of Elon Musk‘s unusual appetite for seeing cases through…
Tesla Customer uproar was due to widespread public discontent with the current political system and the widespread belief that the government was corrupt and failing to address the needs of the people. This led to widespread protests and demonstrations, which have been met with police violence, further fueling public anger and outrage. Tesla’s recent price…
Nikola Takes on the Hydrogen Challenge and it is working on building hydrogen plants, part of a fuel network that will power their entry into the zero-emissions truck market. The company has signed deals with hydrogen producers who will supply hydrogen for Nikola vehicles in the US and Canada. They aim to have enough fuel…
Lehman Brothers’ use of Repo 105 is a cautionary tale of the dangers of opaque financial instruments and the importance of transparency and accountability in the financial industry. The controversy surrounding the use of this instrument played a significant role in the collapse of Lehman Brothers and the subsequent global financial crisis. While regulations have…