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The Latest Breaking News from Wikimedia Commons

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga

Drowned village where church bells can still be heard rising from mud 80 years later

Families were evacuated and buildings submerged when picturesque Derbyshire valley was sacrificed to create a reservoir to provide water for fast-growing cities

Daily Mirror

Vladimir Putin sent his 'Butcher of Syria' to tame Ukraine a month ago. Has it brought Russia any closer to victory?

When Vladimir Putin's original plan to take Kyiv fell apart, he brought in a battle-hardened army general to clean up the mess and finish the job. But the brutal tactics that saw him crowned the 'Butcher of Syria' have not played out the same in Ukraine.

ABC News

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Salesforce Looks To Assist Employees For Access To Abortions Following Roe v. Wade

Salesforce, Inc (NYSE:CRM) informed employees about helping them relocate for access to abortions or other medical procedures following an expected ruling from the U.S. Supreme Court to strike down Roe v. Wade, CNBC reports. Of the 50 U.S. states, 26 would or are likely to ban abortion if the court strikes down Roe.…

Benzinga

Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

Benzinga

Biden Administration To Inject $150M To Reactivate South Asian Alliances To Counter China: FT

To boost economic engagement in Southeast Asian countries, the Biden administration will invest $150 million in the region as part of its strategy to counter China, Financial Times Reports. The new package comes seven months after Biden promised Asean leaders that he would provide up to $102 million in investments for countries in Southeast Asia. …

Benzinga

How the West discovered the Buddha

Buddhism is the third largest (and fastest growing) religion in Australia with approximately half a million adherents.

The Conversation

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In Defense of Roe

The last 50 years have been marked by a remarkably stable social consensus balancing the rights of women and fetuses. Let's not throw that away.

Reason

Did NATO's expansion drive Vladimir Putin to war?

The combination of Russia's decades-old fear of an eastwards-expanding NATO and its own invasion into Ukraine seems to have had an adverse effect: non-aligned Finland and Sweden strongly considering joining the anti-Russian alliance and increasing the tense stand-off between Moscow and the west.

Radio France Internationale

Microsoft Postpones 2 Xbox Games

Microsoft Corp's (NASDAQ:MSFT) ZeniMax Media postponed two of its anticipated video games until the first half of 2023, marking a slip for the Xbox. ZeniMax unit Bethesda Softworks is producing Starfield, a space-themed action role-playing game, Bloomberg reports. ZeniMax's Arkane Austin is developing Redfall, a first-person shooter. Microsoft’s Xbox Game Pass subscription service has 25 million…

Benzinga

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

Benzinga

Six Flags Tops Q1 On Higher Attendance, Guest Spending

Six Flags Entertainment Corp (NYSE:SIX) reported first-quarter FY22 sales growth of 68% Y/Y to $138 million, beating the consensus of $122.26 million. The revenue increase was driven by higher attendance and guest spending per capita. Attendance was 1.7 million guests in the quarter, a 25% Y/Y increase. Total guest spending per capita was…

Benzinga

Toyota Launches First Battery Electric Car In Japan: Reuters

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-produced battery electric car in Japan, Reuters reported. The car is being made available for only lease, a strategy the automaker said will ease driver concerns about battery life and resale value. Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of…

Benzinga

AI, philosophy and religion: what machine learning can tell us about the Bhagavad Gita

Machine learning and other artificial intelligence (AI) methods have had immense success with scientific and technical tasks such as predicting how protein molecules fold and recognising faces in a crowd. However, the application of these methods to the humanities are yet to be fully explored.

The Conversation

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Benzinga

Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…

Benzinga

Prologis Proposes Almost $24B Acquisition Deal For Duke Realty

Prologis Inc (NYSE:PLD) proposed to acquire Duke Realty Corporation (NYSE:DRE) in an all-stock transaction valued at $61.68 per Duke Realty share. Under the terms of the proposal, each Duke Realty share would receive 0.466 shares of Prologis common stock, equivalent to a deal value of $23.7 billion. Prologis' proposal represents a premium of 29%…

Benzinga

Nike To Add Counterfeiting Claims, False Advertising To Its Law Suit Against StockX

Nike, Inc (NYSE:NKE) asked a federal judge to let it add counterfeiting claims and false advertising to the current trademark-infringement lawsuit against sneaker marketplace StockX, Bloomberg reports. Nike prosecuted StockX in February in federal court in Manhattan for “blatantly freeriding” on Nike’s trademarks and goodwill with a service called Vault NFTs. StockX argued that…

Benzinga

Vuzix Stock Slides After Reporting Q1 Below Street Expectation

Vuzix Corp (NASDAQ:VUZI) reported a first-quarter sales decline of 36.1% year-over-year to $2.5 million, missing the consensus of $3.4 million. The decrease reflected lower sales of Vuzix smart glasses products, a decline of 37% Y/Y. The gross margin contracted to 26% from 28% in 1Q21. The loss from operations widened to $10.41…

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Benzinga

Trade Desk Stock Slips After Q1 Results, Despite Beating Street Expectations

Trade Desk Inc (NASDAQ:TTD) reported first-quarter revenue growth of 43.5% year-over-year to $315.23 million, beating the consensus of $304.69 million. Customer retention remained over 95% for the quarter. Adjusted EPS improved to $0.21 from $0.14 in 1Q21, beating the consensus of $0.15. Adjusted EBITDA increased by 71.6% to $120.99 million, and margin…

Benzinga

Warner Music Q1 Growth Slows, EPS Dops Y-o-Y

Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded Music revenue grew 8% Y/Y to $1.15 billion. Music Publishing increased 20% Y/Y to $230 million, and Digital grew 8% Y/Y to $931 billion. Adjusted OIBDA margin decreased 50 bps…

Benzinga

Lufthansa Orders For Boeing's New 777-8 Freighters, Additional 787s

Lufthansa Group (OTC:DLAKY) plans to continue its strategic decision to strengthen Lufthansa Cargo with an order for seven Boeing Co (NYSE:BA) 777-8 Freighters, the fuel-efficient twin-engine freighter. Lufthansa also placed a new order for two 777 Freighters to add to its cargo fleet, providing extra cargo capacity in the near term until the delivery of…

Benzinga

Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Benzinga

Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance

Nintendo Co, Ltd (OTC:NTDOY) reported an FY22 net sales decline of 3.6% year-on-year to ¥1.7 trillion. Stock Split: Nintendo declared a 10-1 stock split effective October 1, potentially propping up the shares as it struggled to revive a five-year-old Switch console and overcome a global chip shortage, Bloomberg reports. Even when production and deliveries return…

Benzinga

3D Systems Stock Slips Afterhours On Q1 Results, Narrows FY22 Guidance

3D Systems Corporation (NYSE:DDD) reported a first-quarter revenue decline of 9% year-over-year to $133 million, driven solely by divestitures of non-core assets, beating the consensus of $132.67 million. Adjusted revenue increased 10% Y/Y, reflecting continued strength in the Industrial and Healthcare Solutions segment. GAAP and Non-GAAP gross profit margin was 40.4% and…

Benzinga

Zynga Stock Slips After Falling Short of Q1 Street Expectations

Zynga Inc (NASDAQ:ZNGA) reported first-quarter sales growth of 2% year-over-year to $691 million, missing the consensus of $745.22 million. Quarterly bookings of $695 million, down 3% Y/Y. Online game or user-pay revenue was $538 million (-3% Y/Y), and user pay bookings were $528 million (-11% Y/Y). Advertising & other revenue was $154…

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