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Houthis claim responsibility in US cargo, naval ship attack

newsweek.com The Iran-aligned Houthi militia in Yemen on Wednesday claimed they targeted U.S. and Israeli vessels, according to a video from the rebel group's spokesperson. Houthi…

Which Companies Will Join the Trillion-Dollar Team in 2024? Our 3 Best Guesses

investorplace.com Discover the next trillion-dollar titans, fueled by AI innovations and robust economic growth The majority of leading global indices reached new highs in 2024, fueled by…

Elon Musk Needs Robots, and He Needs Them Now

gizmodo.com It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers on Tuesday, showing that net income dropped more than 50% from last year. During the…

There's only one way left to fix Tesla: fire Elon Musk

businessinsider.com Tesla is on the brink again. Sales are slowing even after the company slashed prices. The company is laying off 10% of its workforce — 14,000 workers from Shanghai to San…

US charges Iranians with cyber snooping on government, companies

theregister.com The US has charged and sanctioned four Iranian nationals for their alleged roles in various attacks on US companies and government departments, all of whom are claimed to…

A blast near a ship off Yemen may mark a new attack by Houthi rebels after a recent lull

abcnews.go.com A ship near the strategic Bab el-Mandeb Strait has seen an explosion in the distance, marking what may be a new attack by Yemen’s Houthi rebels through the crucial waterway…

Tesla misses the mark on all fronts in quarter of chaos

theregister.com In a dynamic first quarter, Elon Musk's Tesla contended with a terrorist organization, survived an arson attempt, and fiercely competed with hybrid car makers, all against a…

CN Rail on track for growth this year, despite Red Sea shipping obstacles, says CEO

financialpost.com MONTREAL — A stable economic outlook and rising cargo demand bode well for Canadian National Railway Co. this year, executives said, despite the Red Sea crisis dampening…

Today's Logistics Report: Trucker ODFL's Earnings Rise on Cost Cuts, Sales Growth

createsend.com Activity in the U.S. private sector slowed in April amid signs of a pickup in other leading economies. (WSJ) Sales of newly-built homes in the U.S. rose in March at the…

Tesla earnings: AI, cheaper cars in the spotlight despite missing Wall Street expectations

aol.com Tesla released its Q1 earnings results on April 24, missing Wall Street expectations by 4.29% for revenue and 9.10% for earnings per share (EPS). The company posted earnings…

The Latest

apnews.com Germany said Wednesday that it plans to follow several other countries in resuming cooperation with the U.N. relief agency for Palestinians in Gaza after the publication of…

Israel Economy Deterioration Worsens as Gaza Conflict and Other Hostilities Grind On

nakedcapitalism.com There’s been remarkably little coverage in the Western press about how well, or not, Israel’s economy is holding up under the impact of what is turning out to be a…

Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%

pymnts.com There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April…

Tesla reports 9 percent dip in first quarter revenue

thehill.com Tesla saw a 9 percent year-over-year decline in first-quarter revenue, the electric vehicle company said Tuesday. The drop in revenue, Tesla’s largest since 2012, comes as…

Tesla profits plunge as automaker grapples with slumping EV sales

aol.com Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales…

Tesla profits plunge as automaker grapples with slumping electric vehicle sales

cbsnews.com Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales…

Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids

techcrunch.com Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut…

Tesla Q1 2024 earnings results misses on all counts, stock rises after hours

teslarati.com Tesla (NASDAQ:TSLA) posted its Q1 2024 earnings report after markets closed today. The results, which were discussed in the Q1 2024 Update Letter, were released after the…

Luxury hotels are having a glorious moment

economist.com IN DONCASTER, A town in northern England, $100,000 will buy you a four-bedroom house. In Dubai, it will get you a four-bedroom penthouse—for a night. The Royal Mansion, the…

The damage done by Russia’s hack of Germany’s defence ministry

economist.com The German defence ministry is not known for being funny. But it did draw chuckles on March 3rd, emailing journalists an official statement by Boris Pistorius, the defence…

Russia outsmarts Western sanctions

economist.com Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but…

The false promise of friendshoring

economist.com Each year the 193 member states of the United Nations General Assembly vote on dozens of resolutions, earnestly setting the world to rights. Last month, for example, they…

Kuehne + Nagel Says Market Remains Challenging Despite Slight Demand Uptick

wsj.com The Swiss freight forwarder stepped up cost-efficiency measures in the first quarter as the industry faces headwinds from the Ukraine war and Red Sea tensions.

Saudi Arabia’s Oil Tycoon Applauds China for Making Green Tech Cheaper

dailybusinessupdates.com Aramco’s head honcho, Amin Nasser, is all in on China for bringing down the price tag on solar panels and electric vehicles. While the West is pointing fingers at China for…

3 Oil Stocks to Buy Before the Middle East Spark

investorplace.com Strike while the iron's hot with these promising oil stocks If you’ve been keeping up with the news lately, you know tensions in the Middle East have been escalating…

Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

aol.com None The West has recently stepped up criticism over China's dumping of cheap green products on the global markets. • None Saudi Arabia is fostering closer ties with China…

Mediterranean ports warn of overflowing storage yards in latest threat to supply chain

ft.com Operators say ports severely congested because of Red Sea disruptions

German frigate Hessen sailors were on watch 12 hours a day in the Red Sea with only seconds to react to threats in the 'worst case scenario'

businessinsider.com The Hessen as it departs for deployment in the Red Sea on Feb. 8, 2024 in Wilhelmshaven, Germany. Photo by David Hecker/Getty Images A German warship that was part of a…

Tesla cuts prices around the globe amid slowing demand for its EVs

aol.com Tesla is slashing prices in the U.S., China and Germany as the electric vehicle maker battles slowing sales and an increasingly competitive market for EVs. In the U.S., the…

Tesla Q1 Preview: Investors Brace For "Worst Results In 7 Years", AI Pivot, Cybertruck, Robotaxis In Focus

zerohedge.com Tesla Q1 Preview: Investors Brace For "Worst Results In 7 Years", AI Pivot, Cybertruck, Robotaxis In Focus Tesla is slated to report earnings tomorrow and, as FT notes,…

Democrats and Republicans unite to give weapons manufacturers $59 billion

reason.com The House of Representatives passed a $95 billion military spending package over the weekend, including $59 billion in weapons purchases in three separate bills. The aid…

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited

aol.com None Saudi Arabia just took its Neom roadshow to China. • None Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors. • None No…

The missiles that could give US ally the edge over China

newsweek.com The Philippines, a U.S. ally, has hailed as a "game-changer" the delivery of new supersonic missiles that it believes will significantly beef up its coastal defenses amid…

US Strategy for Great Power Competition: More Graft and Hope for Wonder Weapons

nakedcapitalism.com The problems with the so-called “arsenal of democracy” are well known. It can’t produce enough shells to keep up with its client states’ wars. Elsewhere, there are design…

Base of Iraqi military base struck, but by whom?

euronews.com One member of the anti-American Shiite militia group was killed in the attack and eight injured. It blames the US but Washington denies carrying it out. Iraqi authorities…

Saudi Arabia: Why you should visit Jeddah during Ramadan

euronews.com The Jeddah Historic District programme will see the restoration of some 600 historic properties for residential, tourism and business purposes. In the airy, high-ceilinged…

Fed Chair Powell ‘backed himself into a corner’ by predicting rate cuts this year and is now in a ‘tricky situation,’ according to this chief investment officer

fortune.com Just a few months ago, Federal Reserve Chairman Jerome Powell was looking quite prescient. After being criticized for years by economists, Wall Street titans, and CEOs for…

Think Tesla is in trouble? Pity even more its wannabe EV rivals

economist.com IN RECENT MONTHS Tesla has had a bumpy ride. In January the electric-vehicle (EV) pioneer warned that growth would be “notably lower” this year, as motorists’ enthusiasm for…

Shipping Industry Pleads With UN For "Enhanced Military Presence" As Maritime Choke-Point Chaos Spreads

zerohedge.com Shipping Industry Pleads With UN For "Enhanced Military Presence" As Maritime Choke-Point Chaos Spreads Exactly one week ago, Iranian commandos seized a container ship…

Israeli airstrike in Rafah kills at least 9 Palestinians, including 6 children, hospital says

pbs.org An Israeli airstrike on a house in Gaza’s southernmost city of Rafah killed at least nine people, six of them children, hospital authorities said Saturday, as Israel pursued…

Tesla announces price cut for certain models

foxbusiness.com Elon Musk's Tesla slashed the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday after first-quarter deliveries came up short of expectations.…

Israel and Iran’s conflict enters a new, dangerous phase

vox.com A crowd carrying a model of Iran’s first-ever hypersonic missile, Fattah, past a mosque during a gathering to celebrate the IRGC UAV and missile attack against Israel, in…

‘The Jinx

hollywoodreporter.com The second season (or “Part”) of The Jinx is arriving on HBO nine years after the conclusion of the first and, wholly coincidentally, right on the eve of the Jewish…

Shipping industry urges UN to protect vessels after Iran’s seizure of container vessel

theglobeandmail.com Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect supply chains, the…

Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens

zerohedge.com Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens A suspected Iranian spy ship that its own government calls an "intelligence and logistics" vessel…

Shipping firms plead for UN help amid escalating Middle East conflict

euronews.com The world's shipping industry has called on the United Nations to provide military protection for vessels operating in the Middle East after the latest seizure of a…

Higher oil prices, shipping disruptions create a double-edged sword for retailers

aol.com Retailers may soon be hit from multiple sides as costs rise while consumer spending lowers. Rising oil prices due to global tension and supply constraints are a factor in…

Oil slides as Israel, Iran downplay attacks, but markets remain on edge

thestreet.com Global oil prices whipsawed Friday as investors weighed the impact of a reported Israeli missile strike on Iran that could escalate tensions in the region while adding…

Iran fires air defenses after spotting drones as reports of attack from Israel swirl

fortune.com Iran fired air defenses at a major air base and a nuclear site early Friday morning near the central city of Isfahan after spotting drones, which were suspected to be part…

How Tesla lost its vibes

unherd.com Elon Musk’s electronic music phase may have been a bit of a joke, but it captures the spirit of capital. His 2020 single, “Don’t Doubt ur Vibe (because it’s true)”, is a…

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