The first so-called “smart gun” that uses biometrics to unlock for shooting will hit the market at the end of the year. Biofire Technologies announced this month that it is taking pre-orders for its home defense gun that is intended to prevent unwanted access to children and criminals. This is either a big step forward…
Musk Says Tesla Will Put Sales Growth Ahead of Profit
Tesla Inc. boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy. The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed…
Elon Musk on Economy: ‘Stormy Weather’ for Next 12 Months
Tesla CEO Elon Musk expects the U.S. economy to endure a period of “stormy weather” over the next year amid a blend of higher interest rates, tighter lending conditions, and layoff fears. The latest earnings reports in the first-quarter earnings season and the Federal Reserve’s “Beige Book,” a monthly report of business survey responses, might support his…
Musk Says Tesla Likely to Launch Full Self-Drive Technology ‘This Year’
SAN FRANCISCO—Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it this year,” said Tesla CEO Musk,…
Housing Agency Rules Will Force Homeowners With Good Credit to Subsidize High-Risk Borrowers
April 20, 2023
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Business & MarketsCompaniesCredit Scoreseconomic policieseconomyequityExecutive BranchFederal Housing Finance AgencyinflationInvestmentMarketsmortgagespersonal financePolicies & ImpactsPoliticsreal estaterecessionUSUS Real Estate
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The Biden administration will soon punish Americans with high credit ratings to pay more for their mortgages to subsidize loans for homebuyers with lower scores. Starting May 1, Americans purchasing a new home or are refinancing their existing mortgages will have to pay higher mortgage rates and monthly fees if they have a higher credit score, The…
Investment in Space Industry Declines by 53 Percent in Q1, Reaching 8-Year Low
There was $2.2 billion invested in space companies in the first three months of 2023, which means a 53 percent decline from the previous quarter and the lowest quarter for space investment since 2015. According to a report from venture capital firm Space Capital on Thursday, the decrease in investment left many companies in a…
‘Sad Day’: Dan Bongino Leaves Fox News, Effective Immediately
Dan Bongino, the nationally syndicated radio and podcast host, confirmed Thursday that he is departing Fox News, effective immediately. Bongino made the announcement during an episode of his podcast, saying that he has no issues with the network. However, recent negotiations over his contract had come up short, leading to the departure. Before leaving, Bongino had…
‘Difficult News’: BuzzFeed News Shutting Down, CEO Says
BuzzFeed is shutting down its news division, the company’s CEO said on April 20. “I am writing to announce some difficult news,” Jonah Peretti, the founder and CEO of BuzzFeed, told employees in a memorandum. The company is closing BuzzFeed News as part of an effort to cut 15 percent of its workforce. “While layoffs…
BuzzFeed News Shutting Down, CEO Says
BuzzFeed is shutting down its news division, the company’s CEO said on April 20. “I am writing to announce some difficult news,” Jonah Peretti, the founder and CEO of BuzzFeed, told employees in a memorandum. The company is closing BuzzFeed News as part of an effort to cut 15 percent of its workforce. “While layoffs…
Organized Retail Crime A Growing Threat: Study
April 20, 2023
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Business & MarketsCompaniesCrime and Incidentseconomyorganized retail crimePublic Safetyretail theftSocial IssuesUSUS News
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Organized retail crime (ORC) is on the rise and its perpetrators are becoming more violent, according to a report by the National Retail Federation (NRF) published on April 13. The NRF report, “Organized Retail Crime: An Assessment of a Persistent and Growing Threat,” was conducted in partnership with global risk advisory firm K2 Integrity. ORC…
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