JUNE 7, 2023
He does not budge, even as some economic data indicate that the economy is likely to escape recession.
For Elon Musk, the entrepreneur behind at least five companies -- Tesla, SpaceX, Twitter, Neuralink and Boring Co. -- the U.S. economy is already in recession.
The question, he says, is whether this period of weaker economic activity will worsen. This...
JUNE 5, 2023
Chinese youth flock a job fair in Chongqing Municipality on April 11, 2023. - Zhao Junchao—Feature China/Future Publishing/Getty Images
Jason Lu’s parents never went to university. So when the 25-year-old was accepted into a masters program studying translation in Shanghai, they were “very proud,” he says, hoping that his qualifications would one day lead to a good job....
JUNE 5, 2023
Apple Worldwide Developers Conference, in Cupertino.
Analysts lauded Apple's Vision Pro on Tuesday for its impressive technology, but warned that it will be a few years before the $3,499 augmented reality headset sees widespread adoption.
The device, which investors treated with a lukewarm reception, marked the company's first new product line since the launch of the Apple Watch nearly...
JUNE 5, 2023
California Wildfire Insurance.
LOS ANGELES — Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state.
State Farm announced last week it would stop accepting applications for all business and personal lines of property...
JUNE 5, 2023
Traders work on the floor of the NYSE in New York.
Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.
The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of...
JUNE 4, 2023
Former Prime Minister of New Zealand Jacinda Arder. - Photograph: Mark Mitchell/AP
New Zealand has awarded Jacinda Ardern the country’s highest honour, making the former prime minister a Dame for her service to the country during the Covid-19 pandemic and Christchurch terror attacks.
Ardern accepted the honour, but said she had felt conflicted about doing so. “I was in...
JUNE 4, 2023
NEW DELHI/BHUBANESWAR: In an unusual move, the Centre on Sunday announced a CBI probe into the rail accident in Odisha as the railways’ preliminary investigation singled out “interference” with the ‘electronic interlocking system’ and ‘points’, which ensure safe movement of trains, as the “root cause” of the crash.
The railway ministry ruled out any fault of the loco...
JUNE 4, 2023
Legendary later scientist Stephen Hawking had given the world a theory on how black holes reach their death. In fact, he made the famous prediction in 1974, of black holes evaporating to their death. Now, a new study has made a stunning claim about our entire universe doomed to the same fate.
The origin and the likely end...
JUNE 4, 2023
Pakistan's cricket captain, Babar Azam, and his teammate, Mohammad Rizwan, recently had the opportunity to attend the esteemed Harvard Business School. They enrolled in the executive education program focused on the Business of Entertainment, Media, and Sports, making them the first cricketers to attend the prestigious institution. The program was held from May 31 to June 3...
JUNE 4, 2023
Commuters along the Old Mahabalipuram Road (OMR) in Chennai have long been grappling with the challenges of transportation. The lack of efficient public transportation options has made commuting a daily struggle for residents and office-goers in the area. The congested roads, unreliable bus services, and limited connectivity have contributed to long travel times and increased frustration among...
