New earnings data shows a dramatic economic divergence. While wealthy consumers keep spending, lower-income households are cutting back even on fast food. This K-shaped recovery has serious implications.
Elon Musk just got shareholder approval for a pay package that could net him $1 trillion in Tesla shares. But there’s a catch – Tesla would need to become bigger than Apple and Nvidia combined by 2035. The targets include delivering 20 million vehicles and hitting an $8.5 trillion market cap.
Tesla shareholders approved Elon Musk’s $1 trillion pay package by 75% on Thursday. The company has moved its legal home to Texas and implemented new rules making legal challenges much harder. Legal experts say the changes create significant barriers for shareholders.
Apple has significantly lowered trade-in values across its entire product lineup. The maximum payouts dropped by as much as $145, affecting everything from iPhones to Macs.
Elon Musk has reportedly become obsessed with developing xAI’s anime-style girlfriend chatbot Ani. The project involves demanding employees’ intimate biometric data and creating a sexualized AI companion that removes clothing when flirted with. It’s the latest example of Musk’s hyper-focus disruptin
HP has disabled H.265 hardware decoding on several ProBook and EliteBook models, causing video playback to fail in web browsers. The issue appears linked to licensing, forcing users to disable hardware acceleration as a workaround. This move impacts “Pro” laptops that customers paid a premium for.
Peloton just reported its second straight profitable quarter with a surprise $13.9 million net income. The company is betting big on its revamped product lineup to drive holiday sales, but faces challenges from another major recall affecting 833,000 Bike+ devices.
Major tech companies are outspending entire industries to influence European digital policy. Oracle’s preparing massive debt issuance to fund AI data centers, while OpenAI is training AI to handle professional consulting tasks.
Apple is making major moves with a billion-dollar annual payment to Google for Gemini AI integration. Meanwhile, EU users lose Watch Wi-Fi syncing while everyone gains a browsable web App Store. iOS 26.2 brings Podcast AI enhancements too.
Cameroon’s government has escalated internet restrictions by blocking major social media platforms following contested elections. The censorship backfired spectacularly as citizens turned to VPN services in massive numbers. Proton VPN recorded a jaw-dropping 3,000% increase in signups from the count
