April 20, 2026

06 Market

Go to Article
Excerpt from www.thenews.com.pk

 

Elon Musk is the CEO of several companies including Space X, Tesla, and xAI, while Mark Zuckerberg owns Meta platforms including, Facebook and Instagram. — AFP/File

Tesla chief executive Elon Musk has criticised Meta owner Mark Zuckerberg for being “excessively greedy”. He said that the Facebook owner takes credits for advertisers’ campaigns on its platforms which he should not, India Today reported.

The dispute unfolded after a user posted on X formerly known as Twitter about the attribution of conversions in advertising campaigns on both X and Meta platforms.

The user shared that despite running ad campaigns on both the platforms, the majority of conversions came from Meta while only some were from X.

Go to Article
Excerpt from www.bnnbloomberg.ca

(Bloomberg) — Using Facebook in the lead-up to the US 2020 presidential election might have increased the chances of someone voting for Donald Trump, university researchers said in a study published Monday in the academic journal Proceedings of the National Academy of Sciences.

As part of the study, the researchers asked nearly 19,900 Facebook and 15,600 Instagram users to stop using the platforms ahead of the 2020 election. The authors, led by Stanford University professors Hunt Allcott and Matthew Gentzkow, found some evidence suggesting that people who used Facebook might have been more likely to vote for Trump. They noted that their finding fell “just short” of being statistically significant.

“So we need to take it with a grain of salt,” Gentzkow said in a statement. “But if it’s real, it’s big enough that it could impact the outcome of a close election.”

Go to Article
Excerpt from arstechnica.com

An Australian federal court sided with Elon Musk on Monday, rejecting an Australian safety regulator’s request to extend a temporary order blocking a terrorist attack video from spreading on Musk’s platform X (formerly Twitter).

The video showed a teen stabbing an Assyrian bishop, Mar Mari Emmanuel—whose popular, sometimes controversial TikTok sermons often garner millions of views—during a church livestream that rapidly spread online.

Police later determined it was a religiously motivated terrorist act after linking the 16-year-old charged in the stabbing to a group of seven teens “accused of following a violent extremist ideology in raids across Sydney,” AP News reported. Bishop Emmanuel has since reassured his followers that he recovered quickly and forgave the teen, Al Jazeera reported.

In April, Australia’s eSafety Commissioner, Julie Inman Grant, had cited Australia’s Online Safety Act and asked X to remove 65 posts showing footage from the attack, Reuters reported, but X refused to remove the posts.

Go to Article
Excerpt from www.nytimes.com

Minutes after it became clear that Javier Milei had been elected president of South America’s second-largest nation in November, Elon Musk posted on X: “Prosperity is ahead for Argentina.”

Since then, Mr. Musk has continued to use X, the social network he owns, to boost Mr. Milei. The billionaire has shared videos of the Argentine president attacking “social justice” with his 182 million followers. One doctored image, which implied that watching a speech by Mr. Milei was better than having sex, is among Mr. Musk’s most viewed posts ever.

Mr. Musk has helped turn the pugnacious libertarian into one of the new faces of the modern right. But offline, he has used the relationship to press for benefits to his other businesses, the electric carmaker Tesla and the rocket company SpaceX.

“Elon Musk called me,” Mr. Milei said in a television interview weeks after taking office. “He is extremely interested in the lithium.”

Go to Article
Excerpt from www.wsiltv.com

(CNN) — Rudy Giuliani was suspended from New York City radio station WABC and his talk show canceled after he flagrantly ignored orders not to discuss false 2020 election conspiracy theories, the station’s owner said Monday.

Giuliani, the former New York City mayor and Donald Trump lawyer who has hosted a daily talk show on the AM station for three years, was pulled from the airwaves Friday after he repeated bogus claims of vote rigging in the 2020 presidential election.

In recent months, Giuliani was repeatedly directed to not make claims of electronic voting manipulation surrounding the 2020 election, John Catsimatidis, the billionaire GOP donor and owner of the radio station, said in a statement.

Catsimatidis said the station received a letter in January 2021 from election technology company Dominion Voting Systems, which has been the target of baseless vote rigging claims by right-wing media figures, including Giuliani. WABC instructed its on-air hosts, including Giuliani, to avoid the subject, Catsimatidis said.

Go to Article
Excerpt from www.reuters.com

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger

U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to “pump the breaks” on Chevron Corp’s (CVX.N), opens new tab proposed $53 billion acquisition of Hess Corp (HES.N), opens new tab.
“The FTC should side with consumers and pump the breaks on this deal,” Schumer said in a post, opens new tab on social media platform X, adding that the deal would give oil majors more leverage to raise gas prices.
In October last year, Chevron agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil’s (XOM.N), opens new tab massive Guyana discoveries.
?u=https%3A%2F%2Fgijn.org%2Fwp-content%2Fuploads%2F2018%2F10%2Fshanghai-2-1170x780.jpeg&f=1&nofb=1&ipt=2fc0af4edfd7fa614d7a1d9b79a8c1dc074bc9e82886cc78ea84cc0e998c1643&ipo=images

President Joe Biden has announced plans to implement new tariffs targeting Chinese imports. These targets will mainly affect the EV industry, Solar industry, and medical supplies industry.

Go to Article
Excerpt from www.reuters.com

New Biden tariffs on China’s EVs, solar, medical supplies due Tuesday – sources – Reuters

U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter.
The full announcement, expected Tuesday, will maintain existing tariffs on many Chinese goods set by former President Donald Trump, according to one of the people.
But it will also add new tariffs to semiconductors and solar equipment, according to one of the people, as well as hiking EV tariffs. Chinese-made medical supplies like syringes and personal protective equipment also face additional tariffs, sources told Reuters.

Go to Article
Excerpt from www.techradar.com

A threat actor claiming to be behind the recent Dell data breach has said he managed to steal the data of 49 million customers by brute-forcing a company portal and milking it for almost three weeks.

Dell released a statement saying that there was no “significant risk to our customers”, however the data stolen includes names and postal addresses, alongside other data relating to purchases of Dell products.

The hacker, known as Menelik, told TechCrunch exactly how he managed to extract such a huge amount of data without being detected.

Go to Article
Excerpt from ca.style.yahoo.com

BEIJING (Reuters) – Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical uses.

The Baidu-developed quantum computer, dubbed “Qianshi”, has a 10-quantum-bit (qubit) processor, Baidu said in a statement. The Beijing-based company has also developed a 36-qubit quantum chip, it said.

Governments and companies around the world for years have touted the potential of quantum computing, a form of high-speed calculation at extraordinarily cold temperatures that will bring computers to unprecedented processing speeds.

However, current real-world applications in the field are still very basic and limited to a small group of early clients.

The United States, China and the European Union have initiated massively funded projects in quantum computing, hoping to pull ahead in the field, which is often considered as one of the cornerstones on which the new global supremacy will be determined.

Go to Article
Excerpt from www.journalgazette.net

TOPEKA, Kan. – Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve the expenditures, and the schools must meet specific criteria.

The AI software must be patented, “designated as qualified anti-terrorism technology,” in compliance with certain security industry standards, already in use in at least 30 states and capable of detecting “three broad firearm classifications with a minimum of 300 subclassifications” and “at least 2,000 permutations,” among other things.

Only one company currently meets all those criteria: the same organization that touted them to Kansas lawmakers crafting the state budget. That company, ZeroEyes, is a rapidly growing firm founded by military veterans after the fatal shooting at Marjory Stoneman Douglas High School in Florida.

Go to Article
Excerpt from uk.news.yahoo.com

(Bloomberg) — International Business Machines Corp. said all of its U.S.-based employees must be vaccinated by Dec. 8 or be put on unpaid suspension.

Most Read from Bloomberg

The Armonk, New York-based company told workers that because it’s a government contractor, it’s required to adhere to President Joe Biden’s vaccine mandate for federal contractors.

IBM said the new mandate will apply to all U.S. employees regardless of where they work or how often they go into a company office and will offer “limited” medical or religious exemptions. The decision was prompted by “the continued spread of Covid-19, local clinical conditions around IBM sites, and the reality that vaccines are readily available nationwide,” a company spokeswoman said in a statement. “As we’ve said throughout the pandemic, IBM’s health and safety practices are driven by science.”

Go to Article
Excerpt from allears.net

The ongoing legal battle between Disney and Gina Carano has taken another turn.

Carl Weathers (Greef), Pedro Pascal (The Mandalorian) and Gina Carano (Cara Dune) in happier times.

The public back and forth between Disney and former Mandalorian star Gina Carano has been raging for almost three years now since the company fired the Cara Dune actress from the hit Star Wars series over controversial social media posts that the company said denigrated “people based on their cultural and religious identities.” The battle jumped into the courtroom when Carano — financially backed by Elon Musk — filed a lawsuit against Disney in February of 2024 seeking an injunction to return to The Mandalorian.

Go to Article
Excerpt from www.benzinga.com


In the face of ongoing campus unrest, Ken Griffin, founder of the $63 billion U.S. hedge fund Citadel, has urged Harvard University to uphold “Western values.”

What Happened: Griffin, a major donor to his alma mater, voiced his concerns over what he perceives as a “cultural revolution” in U.S. education, the Financial Times reported on Sunday. He believes this shift has resulted in a loss of focus on the pursuit of truth and knowledge. He criticized the narrative on college campuses, which he says has devolved into claims of systemic racism and injustice.

“The narrative on some of our college campuses has devolved to the level that the system is rigged and unfair, and that America is plagued by systemic racism and systemic injustice,” he said in an interview.

Go to Article
Excerpt from lidblog.com

 

Joe Biden is pulling out all the stops to make his failing economy sound just a bit better. His latest move is to dump soaring coffee prices from the Consumer Price Index (CPI) because it is just one more metric that is driving his data to look bad.

By dumping the soaring coffee prices, Biden’s Department of Labor can make his economic data sound better.

But coffee is a major part of what most Americans buy each month — and often daily — in their day-to-day lives. Dumping coffee is removing a key expense that 73 percent of the country spend.

Grocery prices have soared 30 percent. Gas prices are also soaring.

Go to Article
Excerpt from amgreatness.com

A new study reveals that the current youngest generation, Generation Z, is facing greater financial struggles due to low income and a higher debt-to-income ratio than Millennials did at the same point in their youth.

As reported by Breitbart, the study from consumer credit reporting agency TransUnion surveyed 614 members of Gen Z, also known as “Zoomers,” between the ages of 22 and 24, comparing their findings to a similar survey of 623 Millennials who were between the ages of 22 and 24 ten years ago.

In the fourth quarter of 2013, Millennials on average were making an income of roughly $39,394; when adjusted for inflation, the income of the average Millennial around that time was $51,852. By contrast, Zoomers in the fourth quarter of 2023 were making an average income of $45,493, over $7,000 less than what Millennials made ten years ago. In 2013, Millennials had an average debt-to-income (DTI) ratio of 11.76%; Zoomers today have a DTI ratio of 16.05%.

 

Go to Article
Excerpt from www.joe.co.uk

Jeff Bezos is not a fan of the term ‘work-life balance’ and has previously said that work and life are a circle in his eyes.

The Amazon founder has voiced his dislike of the phrase on several occasions, and spoke in 2018 about how he tried to teach employees about “work-life harmony,” instead of a balance.

He told Axel Springer CEO Mathias Döpfner: “I get asked about work-life balance all the time. And my view is, that’s a debilitating phrase because it implies there’s a strict trade-off.

“It actually is a circle. It’s not a balance.”

Go to Article
Excerpt from www.disneytouristblog.com

During the main presentation, Disney CFO Hugh Johnston shared that this quarter’s growth was driven by growth of Disney Cruise Line and Walt Disney World on the domestic side, with Hong Kong Disneyland outperforming among the international side. With regard to HKDL, this makes a lot of sense. Hong Kong is undoubtedly seeing lagged pent-up demand since it reopened slower, meaning it has easier comparisons from the last couple of years. Add the new World of Frozen to the mix, and HKDL is likely to outperform for the next few years. As that little park has struggled for so long, we love to see it doing so well that it warrants mentioning on the earnings call.

Article
Excerpt from www.constructionbriefing.com

Ten novel schemes with a value near or more than US$1 billion join a list of 40 megaprojects designated for direct federal funding or assistance.

The infrastructure projects will be backed by the Biden administration’s US$2 trillion Investing in America agenda, which includes grants and levies allocated from the Inflation Reduction Act (IRA), Infrastructure Investment and Jobs Act (IIJA), and the CHIPS and Science Act.

The projects have been bundled into a programme at OFCCP called the Mega Construction Project (Megaproject) Program. Launched in March 2023, the Megaproject Program “aims to foster equal opportunity in the construction trades’ workforce and expand access to the millions of good jobs being created by large federal or federally assisted construction projects,” according to the DOL.

While several of the projects added to the list are significant in size, the programme’s definition of “megaprojects” is generous. To qualify, builds have to be valued at $35 million or more and that take more than one year to complete.

Go to Article
Excerpt from business.inquirer.net

Malé, Maldives — The International Monetary Fund warned the Maldives against looming “debt distress” Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

Since winning office last year, President Mohamed Muizzu has reoriented the atoll nation — known for its upmarket beach resorts and celebrity vacationers — away from traditional benefactor India and towards Beijing.

Last month his party won parliamentary elections in a landslide after promising to build thousands of apartments, reclaim more land for urban development, and upgrade airports, all with Chinese funding.

Without naming the archipelago’s main lender, the IMF said the Maldives remained “at high risk of external and overall debt distress” without “significant policy changes”.

Go to Article
Excerpt from ca.style.yahoo.com

In the latest trading session, Walgreens Boots Alliance (WBA) closed at $21.99, marking a -0.23% move from the previous day. This move lagged the S&P 500’s daily gain of 0.14%. At the same time, the Dow added 0.22%, and the tech-heavy Nasdaq gained 0.09%.

Prior to today’s trading, shares of the largest U.S. drugstore chain had lost 24.6% over the past month. This has lagged the Retail-Wholesale sector’s loss of 2.45% and the S&P 500’s loss of 1.27% in that time.

Walgreens Boots Alliance will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.69, down 13.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.61 billion, up 6.67% from the year-ago period.

Investors should also note any recent changes to analyst estimates for Walgreens Boots Alliance. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Go to Article
Excerpt from financialpost.com

(Bloomberg) — When the world’s top gas traders met in late April at a canal-side hotel on the outskirts of Amsterdam, the atmosphere was business-as-usual: coffee, croissants and wrangling over deals for the upcoming winter. Then came news of a leak at Europe’s biggest liquefied natural gas plant, located above the Arctic circle in Norway.

The problem — discovered during a planned test of the facility’s safety systems — was quickly repaired, but not before it caused a momentary spike in the price of natural gas. Back in the Netherlands, it served as an uncomfortable reminder of the power of a single company, Equinor ASA.

Go to Article
Excerpt from cowboystatedaily.com

Kindness Ranch in Hartville, Wyoming, has long relied on speedy delivery, thanks to services like Amazon Prime and its partner UPS, to help with its mission to care for hundreds of rescue animals.

But those deliveries won’t be as speedy going forward for Kindness Ranch and others who live in remote areas of southeastern Wyoming.

Kindness Ranch owner John Ramer told Cowboy State Daily he has recently discovered that United Parcel Service (UPS) is no longer making daily deliveries to the region.

“We watch tracking and shipping times because that’s how we gauge when we last ordered stuff,” Ramer said. “Suddenly we noticed it seemed like deliveries were being sparse.”

With a hundred or so animals at any given time, Kindness Ranch depends on timely deliveries of food and other supplies like medication to care for its rescues.

Go to Article
Excerpt from www.aol.com

On May 8, a news release confirmed a partnership between two seemingly unlikely candidates: The Walt Disney Company (NYSE: DIS) and Walmart (NYSE: WMT). The former is one of the great media companies; the latter is the world’s largest retailer. And yet, the two can help each other out when it comes to digital advertising.

Despite taking market share from traditional advertising for some time now, digital advertising has still struggled to “close the loop.” And this is the problem that Disney and Walmart intend to solve.

Go to Article
Excerpt from www.wicz.com

They’ve pointed to his past support for ending cash bail and the filibuster, his Congressional Progressive Caucus membership, which he ended late last year, and his opposition to Trump’s plan to build a border wall, which he called “stupid.” In a more personal attack, Lake has repeatedly criticized Gallego over his 2016 divorce from Phoenix Mayor Kate Gallego when she was pregnant with their son, calling him a “Deadbeat Dad.” Mayor Gallego has endorsed the congressman’s Senate bid.

Go to Article
Excerpt from uk.yahoo.com

If Donald Trump is trying to woo New Jersey, he has a strange strategy.

During a rally at the boardwalk in Wildwood, New Jersey, on Saturday, the presumptive Republican presidential nominee boasted about his crowd being bigger than a Bruce Springsteen concert, shows that regularly sell out stadiums that can fill tens of thousands.

He also claimed Springsteen, a very-public ally of President Joe Biden, “actually” voted for Trump, and that he was a shoo-in to win New Jersey in November, despite the fact the state has been a Democratic stronghold since the Clinton era.