Month: May 2022

iPhone 14 Expected to Take Much Better Selfies Than Previous Models

Apple Inc (NASDAQ: AAPL) is reportedly making changes to its camera supply chain management and that could mean an upgrade to “high-end standards” for the upcoming iPhone’s selfie camera. What Happened LG Innotek’s products will feature on the iPhone 14’s front camera and the South Korean firm has started to mass-produce components for the Cupertino-based tech giant, Korea IT News reported on Monday….


Chart Wars: Does Nordstrom or Urban Outfitters Appear Stronger After Q1 Earnings?

Nordstrom, Inc (NYSE:JWN) and Urban Outfitters, Inc (NASDAQ:URBN) were soaring over 11 percent and 9 percent, respectively, on Wednesday after the retailers reported first-quarter financial results. For the first-quarter 2022, Nordstrom reported a loss of 6 cents per share, which slightly missed the consensus estimate of a loss of 5 cents and revenues of $3.46…


‘The Liberal Party Has to Get Back to Being the Liberal Party’: Peter Dutton

The former defence minister and front runner for the Liberal Party leadership, Peter Dutton, has said the Party must be true to its heritage if it is to be successful in the future. This comes after the Liberal Party lost Saturday’s federal election to Labor and former prime minister Scott Morrison subsequently resigned as Liberal…


Lawsuit Filed Over Plane Crash That Killed 8 Off of NC Coast

The families of four people—including three teens—who died in a February plane crash off the North Carolina coast are suing the companies that owned the plane and employed the pilot, who also died. The suit claims the pilot failed to properly fly the single-engine plane in weather conditions with limited visibility, making the firms liable….


NY Gov. Hochul Suggests Raising Gun Purchase Age Limit After Texas Mass Shooting

New York Gov. Kathy Hochul said on Wednesday that she wants to work with the legislature to raise the age limit for some gun purchases in the Empire State. “I have a question to ask: How does an 18-year-old purchase an AR-15 in the State of New York, State of Texas? That person’s not old…


Experts Find Gene Mechanism for Peanut Allergy Remission, Potential Uses for Other Allergies

Researchers from the Murdoch Institute have identified the genetic mechanism behind their peanut allergy remission therapy, with the potential for it to be applicable across other allergies. “What we found was profound differences in network connectivity patterns between children who were allergic and those who were in remission,” said lead researcher Dr. Mimi Tang on…


Gun Laws, Illegal Immigration, Debated by Nevada GOP Governor Candidates Ahead of Elections

Nevada’s top five Republican candidates for governor on Wednesday debated on a number of issues impacting Americans, including inflation, abortion rights, illegal immigration, and this week’s school shooting in Texas. Candidates attending the Las Vegas debate were former Senator Dean Heller, North Las Vegas Mayor John Lee, Clark County Sheriff Joe Lombardo, venture capitalist Guy…


4 Nordstrom Analysts React to Mixed Q1 Earnings: ‘We Remain Skeptical’

Nordstrom, Inc. shares traded higher by 11 percent on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance. On Tuesday, Nordstrom reported a first-quarter adjusted EPS loss of 6 cents, slightly missing consensus analyst estimates of a 5-cent loss. First-quarter revenue of $3.57 billion exceeded Wall Street expectations of $3.28…


Elon Musk’s Net Worth Falls Below $200 Billion With Tesla Stock Crash

Tesla Inc CEO Elon Musk is no longer in the $200 billion club, of which he was the sole member, after the electric vehicle maker’s latest stock plunge, Bloomberg News reported on Wednesday. What Happened: The billionaire entrepreneur’s net worth dropped to $192.7 billion on Tuesday as shares of Tesla fell nearly 7 percent. Tesla’s drop outpaced…


New Business Orders For US Durable Manufactured Goods Slowed in April

New orders for U.S. made durable goods increased less than expected in April, after businesses slowed down their pace of spending on equipment as they deal with rising interest rates and tightening financial conditions, according to a U.S. Census report released by the Commerce Department on May 25. The government report said that durable goods…