Wendy’s Co missed Wall Street estimates for quarterly results as fierce storms and freezing temperatures across the United States earlier this year hit store traffic and cooled demand for the burger chain’s breakfast items. Shares of the Dublin, Ohio-based fast-food chain fell as much as 13 percent to hit an over two-year low on Wednesday,…
Australian Universities Partner with Industry to Develop Advanced Clean Energy Technology
May 12, 2022
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AustraliaBusiness & Economyclean energyRecyclingtrailblazerUncategorizedUniversity of NewcastleUNSWWorld
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The University of New South Wales (UNSW) will partner with the University of Newcastle to develop research commercialisation initiatives to help Australia transition to sustainable recycling and clean energy systems and solutions. The research project, which also includes 27 industry partners, is part of the federal government’s Trailblazer program, designed to focus Australia’s research ability…
Emirates Says Its Boeing 787 Deliveries Delayed by at Least a Year
DUBAI—Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it could be even longer due to the U.S. plane maker’s continued delivery suspension over structural flaws. The Dubai-based carrier ordered 30 of the twin-aisle jets nearly three years ago as…
Analyst Says Peloton Could Flash a Buy Signal Soon: What to Watch For
Peloton Interactive, Inc. shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance. Further Downside Limited TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards. The analyst noted that Peloton shares have declined nearly 50 percent since April 7, when he tweeted that…
US Judge Says Musk Recklessly Tweeted That ‘Funding Secured’ for Taking Tesla Private
SAN FRANCISCO—A U.S. judge has determined that Elon Musk’s 2018 tweets that funding had been secured to take electric car maker Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. San Francisco-based U.S. District Judge Edward Chen’s pre-trial decision represented a major…
Elon Musk Says Starlink Fighting Russian Cyberwar: ‘They’re Ramping up Their Efforts’
May 12, 2022
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Business & EconomyCompanieseconomic policieseconomyElon MuskEuropeInternationalMarketsRussiaRussia-Ukraine WarStarlinkUSUS NewsWorld
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Tesla Inc. CEO Elon Musk said SpaceX’s high-speed internet service, Starlink, has held out against Russia’s cyberwar tactics amid the country’s ongoing invasion of Ukraine. What Happened Musk said on Tuesday that Starlink has resisted Russia’s “jamming & hacking attempts,” even as the Vladimir Putin-led country is ramping up efforts. The billionaire entrepreneur linked his comment to a Reuters report that said…
Apple’s iPod Is Coming to an End, but ‘The Music Lives On’
One of the most popular music playing devices of all-time is being discontinued. Here are the details and how you can get your hands on one of the few remaining iPods. What Happened Technology giant Apple Inc. announced it will discontinue making the iPod, a music player that it first launched in 2001. Later versions of the…
Why the Fed Can’t Hike T-bill Rates and What That Really Means
Commentary It was very early in the morning, U.S. time, and the 4-week U.S. Treasury bill then being traded all over Asia suddenly captured a huge bid. At around 3:30 am EDT, May 11, the equivalent yield on this particular short-term instrument ticked lower and lower. Two hours later, around 5:30 am, the rate had…
Why Q1 Earnings Season Has Been ‘Death By Paper Cuts’
The SPDR S&P 500 ETF Trust (NYSE:SPY) recently hit its lowest level of 2022 this week despite overall first-quarter earnings numbers that are relatively solid. Unfortunately, Bank of America analyst Savita Subramanian said overall S&P 500 earnings numbers for the first quarter aren’t as strong as they may seem at first glance, and the index…
Intel Launches New AI Chips, Challenging Nvidia’s Market
JERUSALEM/SAN FRANCISCO—Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp. Gaudi2 is the second generation processor by Habana Labs, an Israeli AI chip startup Intel bought in late 2019 for about…
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