For two years, the question surrounding Tesla's long-term value has been less about electric vehicles and more about one specific project that Elon Musk says could become the company's most valuable business. That project has been moving closer to production with limited serious competition from ...
For two years, the question surrounding Tesla's long-term value has been less about electric vehicles and more about one specific project that Elon Musk says could become the company's most valuable business. That project has been moving closer to production with limited serious competition from ...
Xenophobia and financial woes in the West have created tremendous opportunities for higher education institutions in Hong Kong and the broader Eurasian region, the head of a leading university in Kazakhstan has said. Professor Waqar Ahmad, the president of Nazarbayev University, also revealed on Wednesday that the institution would soon launch another joint undergraduate programme in computer scie...
Xenophobia and financial woes in the West have created tremendous opportunities for higher education institutions in Hong Kong and the broader Eurasian region, the head of a leading university in Kazakhstan has said. Professor Waqar Ahmad, the president of Nazarbayev University, also revealed on Wednesday that the institution would soon launch another joint undergraduate programme in computer science and artificial intelligence with Polytechnic University. Starting next year, the programme will...
mavo/iStock via Getty Images By Jennifer Nash The economic mover and shaker this week is Friday's employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in total nonfarm employment. However, each month, a few days before we receive the highly anticipated jobs report, ADP releases the...
mavo/iStock via Getty Images By Jennifer Nash The economic mover and shaker this week is Friday's employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in total nonfarm employment. However, each month, a few days before we receive the highly anticipated jobs report, ADP releases their data on new nonfarm private jobs. The ADP employment report revealed that 122,000 nonfarm private jobs were added in May, the largest monthly growth since January 2025. The latest figure was just above the projected 118,000 addition. Here is a visualization of the two series over the past twelve months. There is no correlation between the ADP and BLS employment report. Here is an excerpt from today's ADP report press release : "Hiring was more broad-based in May than we've seen in the last few years. The labor market continues to show sustained momentum going into the summer hiring season." Here is a snapshot of the monthly change in the ADP headline number since the company's earliest published data with the new methodology in 2010. This is quite a volatile series, so we've plotted the monthly data points as dots along with a six-month moving average, which gives us a clearer sense of the trend. The six-month moving average currently sits at 67,000, the highest level since early 2025. As we see in the chart above, the trend peaked in September 2015 and then went negative for the first time in late 2019, just before the NBER declared a recession start. The COVID-19 pandemic has brought employment numbers down to levels we have never seen this century. The trend reached a new high in 2021 at 728,000 but has dropped below pre-pandemic levels over the last few years. ADP Employment: Industry The ADP report divides total nonfarm private employment into two categories: goods-producing and service-providing. Given that the US is primarily a services economy, it's no surprise t...
Liftoff Mobile Inc. raised $437 million in a US initial public offering that priced above its marketed range, in the company’s second attempt at going public this year. The Blackstone Inc. -backed company, which filed for an IPO just three months after withdrawing a previous registration, sold 19 million shares for $23 each, according to a statement Wednesday. The company had marketed the shares a...
Liftoff Mobile Inc. raised $437 million in a US initial public offering that priced above its marketed range, in the company’s second attempt at going public this year. The Blackstone Inc. -backed company, which filed for an IPO just three months after withdrawing a previous registration, sold 19 million shares for $23 each, according to a statement Wednesday. The company had marketed the shares at $20 to $22 each. The pricing values Liftoff at $3.83 billion, based on the outstanding shares in its filings. That compares with a valuation of $4.3 billion in 2025 when General Atlantic bought a minority stake in the mobile app marketing platform. Liftoff, which helps place ads within mobile applications, was set to price its IPO in February to raise as much as $762 million when it pulled the offering. The move came amid a selloff in other software stocks driven by concerns over the impact of artificial intelligence. The firm refiled confidentially for a listing mere weeks after the postponement, an announcement at the time showed. Liftoff had a net loss of $23.1 million on revenue of $685.7 million in 2025, compared with a net loss of $48.2 million on revenue of $519.3 million a year earlier, according to the filing with the US Securities and Exchange Commission. The company uses an internally developed neural network-powered AI prediction model called Cortex to generate its core advertising revenue. Its platform reached roughly 1.4 billion daily active users worldwide in the fourth quarter. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Blackstone acquired a majority stake in Liftoff in 2021. The offering is being led by Goldman Sachs Group Inc. , Jefferies Financial Group Inc. and Morgan Stanley . The company’s shares are expected to trade TKDAY on the Nasdaq Global Select Market under...
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. The electric-vehicle maker’s accord with three workers was disclosed Wednesday in a court filing, averting a series of trials that were set to star...
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. The electric-vehicle maker’s accord with three workers was disclosed Wednesday in a court filing, averting a series of trials that were set to start earlier this week in state court in Oakland. Terms and conditions in the settlement remain confidential and the filing said claims by two other workers are still pending. For almost a decade, the company headed by Elon Musk has been trying to fend off allegations that the assembly line in Tesla’s Fremont plant was a hostile work environment filled with racist slurs, graffiti and drawings of nooses and swastikas. Tesla has lost arbitration proceedings in some cases and privately settled others while publicly denying wrongdoing. The company has previously said it does not tolerate harassment and has removed employees found responsible for misconduct. Five years ago, a similar case generated one of the largest-ever verdicts in a discrimination case involving a single worker — $137 million — but Tesla got the award reduced 98% before reaching a confidential settlement. Read More: Tesla Heads for Jury Trial Over Racial Discrimination Claims The allegations grabbed a bigger spotlight when civil rights regulators at the state and federal level sued Tesla in separate cases in 2022 and 2023. California’s case , alleging systemic discrimination, pay inequities and a hostile work environment, is scheduled for a July 20 trial, also in Alameda County Superior Court in Oakland. The US Equal Employment Opportunity Commission accused the company of tolerating racial harassment and retaliating against workers who spoke out against the abuse. The Trump administration and Tesla entered into settlement negotiations earlier this year. The case that was set for trial this week was filed in 201...
(RTTNews) - The Taiwan stock market has finished higher in four straight sessions, surging more than 2,800 points or 6 percent along the way. Now at a fresh record closing high, the Taiwan Stock Exchange sits just above the 46,450-point plateau although it's likely to see profit
(RTTNews) - The Taiwan stock market has finished higher in four straight sessions, surging more than 2,800 points or 6 percent along the way. Now at a fresh record closing high, the Taiwan Stock Exchange sits just above the 46,450-point plateau although it's likely to see profit
peterschreiber.media/iStock via Getty Images Power demand will grow at 10x the rate over the past several decades from the rise of AI data centers along with new factories and manufacturing facilities, Duke Energy ( DUK ) CEO Harry Sideris said Wednesday. " We've never seen load growth like we have experienced in the last year," the CEO told Bloomberg in an interview at the Edison Electric Institu...
peterschreiber.media/iStock via Getty Images Power demand will grow at 10x the rate over the past several decades from the rise of AI data centers along with new factories and manufacturing facilities, Duke Energy ( DUK ) CEO Harry Sideris said Wednesday. " We've never seen load growth like we have experienced in the last year," the CEO told Bloomberg in an interview at the Edison Electric Institute convention in Las Vegas. "I've been with the company 30 years, and we've been growing between 0 and 0.5% of load, and now we are looking at 10 times that." Countering customer worries about data centers and rising utility rates, Sideris said new data centers have the potential to lower bills for customers because the new demand allows the company to spread out more of its costs across its service territory. Duke Energy ( DUK ) has set up new rate structures designed to protect customers from rising costs due to the AI buildout, the CEO said. More on Duke Energy Duke Energy Q1 2026 Earnings Call Presentation Duke Energy's Products Give Us A Credit Risk-Free Opportunity Once Again Duke Energy: Surging Treasury Yields Could Spark Volatility For This Utility
Is John Cornyn Trying To Sabotage Ken Paxton? Texas Republicans handed Sen. John Cornyn one of the most humiliating defeats in the state's modern political history in this year's primary runoff. A week after being clobbered by Texas Attorney General Ken Paxton, he is amplifying a Libertarian candidate, in an apparent attempt to siphon conservative votes from Ken Paxton in the general election in N...
Is John Cornyn Trying To Sabotage Ken Paxton? Texas Republicans handed Sen. John Cornyn one of the most humiliating defeats in the state's modern political history in this year's primary runoff. A week after being clobbered by Texas Attorney General Ken Paxton, he is amplifying a Libertarian candidate, in an apparent attempt to siphon conservative votes from Ken Paxton in the general election in November. In a post on X, Cornyn shared a Houston Public Media interview profiling Libertarian nominee Ted Brown, whose 2026 Senate campaign is built around courting conservatives dissatisfied with the Republican primary results. The article itself makes it very clear that Brown has the potential to be a spoiler for Paxton . "Most polling shows Texas' U.S. Senate race between state Attorney General Ken Paxton, the Republican candidate, and Austin state Rep. James Talarico, his Democratic opponent, as extremely close," it opens. "That potentially creates an opening for a third-party candidate, Libertarian Ted Brown, to shape the outcome." Rut roh Libertarian Ted Brown courts disaffected conservative voters in Texas' U.S. Senate race - Houston Public Media https://t.co/wZ9ipRviE1 - Senator John Cornyn (@JohnCornyn) June 2, 2026 Brown pulled more than 267,000 votes in the 2024 Texas Senate race, a record performance for a Libertarian candidate in the state, and Cornyn just handed him a megaphone. Cornyn had initially signaled he would fall in line behind the GOP nominee. "I've spent most of my time in the Senate building the Republican party in Texas and in the U.S. Senate, and I've always supported the Republican ticket, and I intend to do so again in this general election," he said when he addressed his supporters last week after the election results. "I've said throughout this race that I trust the voters of Texas, and they've made their decision, and I must respect it. " Since then, however, he has been walking back that pledge. "I stand by everything I said during the whol...
A burial team was attacked and 11 Ebola patients fled isolation facilities in eastern Democratic Republic of Congo, as the outbreak spread to another health zone in the country’s hardest-hit province. A team attempting to safely bury an Ebola victim was assaulted in the South Kivu town of Katanawas, forcing workers to abandon the coffin and allowing community members to handle the body, an inciden...
A burial team was attacked and 11 Ebola patients fled isolation facilities in eastern Democratic Republic of Congo, as the outbreak spread to another health zone in the country’s hardest-hit province. A team attempting to safely bury an Ebola victim was assaulted in the South Kivu town of Katanawas, forcing workers to abandon the coffin and allowing community members to handle the body, an incident health officials warned could spark new chains of transmission. Meanwhile, patients escaped isolation facilities in the epicenter Ituri, while security remained unstable in parts of the province where armed groups continue to limit humanitarian access. Rimba became the 17th affected health zone in Ituri — and the 25th nationally — according to a situation report published Wednesday. “The geographic expansion toward Rimba demonstrates active community transmission,” the report said. The developments underscore the challenges facing responders as the outbreak takes on a growing international dimension while efforts to contain it inside Congo remain fragile. Health officials are struggling to trace contacts, contain infections and build trust in communities — even as neighboring countries expand preparedness measures and the World Health Organization investigates cross-border spread linked to an infected traveler who visited the United Arab Emirates and Uganda. “The outbreak had a big head start and we’re still behind, but under the leadership of the Government of DRC, we are catching up,” WHO Director-General Tedros Adhanom Ghebreyesus said Wednesday after returning from a visit to the epicenter. “The key to ending this outbreak is not biomedical. It’s leadership, ownership, partnership and trust.” Read more: What to Know About Ebola as Fears of Spread Grow Contact Tracing Congo has now recorded 363 confirmed Ebola infections and 62 deaths from the Bundibugyo strain, according to the report from its National Institute of Public Health. Nineteen new confirmed cases were repo...
In this article BHARTIARTL-IN TSMC3'-BR SSNHZ SSNHZ HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy. AI-driven gains in TSMC, Samsung and SK Hynix, plus a weaker rupee and ...
In this article BHARTIARTL-IN TSMC3'-BR SSNHZ SSNHZ HXSCL HXSCL Follow your favorite stocks CREATE FREE ACCOUNT Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of " Inside India " — your one-stop destination for stories and developments from the world's fastest-growing large economy. AI-driven gains in TSMC, Samsung and SK Hynix, plus a weaker rupee and headwinds from the Middle East conflict are reshaping Asia's market rankings. This week, I explore how the AI theme is outshining India's consumption story. Read on! Any thoughts on today's newsletter? Share them with the team. The big story In 2026, animal spirits are driving investments in artificial intelligence firms, valuing stocks such as TSMC , Samsung and SK Hynix at over a trillion dollars. For the world's fastest-growing major economy, India — which has no large-scale AI play — this is bad news, especially at a time when its highly sought-after domestic consumption story is cracking, according to experts CNBC spoke to. Households are facing higher inflation , weaker currency , and a slowdown in quality job creation . This decline in consumer spending and an increase in input costs due to the conflict in the Middle East is also expected to slow down corporate earnings in the financial year ending March 2027, the experts said, adding that it is making foreign investors even more eager to exit. Foreign investors have sold Indian equities worth $27.6 billion since January, compared with a total of $18.9 billion in 2025, per data from the Indian depository NSDL. Meanwhile, the market capitalization of India's peers is soaring. Taiwan's market cap touched nearly $5 trillion as it surpassed India to become the world's fifth-largest equity market on May 26. Within a week, South Korea too pushed ahead of India, overthrowing it from sixth place, based on data compiled from the three exchanges. It seems tables have turned against India, sharply. An electronic display shows t...