Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth? Tesla’s Q3 2024 earnings call was filled with optimism, as Elon Musk and his leadership team focused on the long-term potential of the company’s Full Self-Driving (FSD) technology, AI innovations, and the upcoming Cybertruck. They painted a picture of Tesla’s future dominance, pushing the idea that scaling production and capturing market share are the keys to long-term success. But here’s the reality: while Tesla’s top-line … Read more…

By Abhijith Ganapavaram and Allison Lampert (Reuters) -Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a “fundamental culture change” at the struggling planemaker as its quarterly losses surged to $6 billion due to a crippling strike. Boeing has racked up losses of nearly $8 billion for the current year, after the strike halted production of its 737 MAX, 777 and 767 planes and an ailing … Read more…

By Christopher Bing and A.J. Vicens (Reuters) -An Iranian hacking group is actively scouting U.S. election-related websites and American media outlets as election day nears, according to a Microsoft blog published on Wednesday. Researchers say the activity suggests “preparations for more direct influence operations.” The hackers – dubbed Cotton Sandstorm by Microsoft and linked to Iran’s Islamic Revolutionary Guard Corps – performed reconnaissance and limited probing of multiple “election-related websites” in several unnamed swing states, … Read more…

By Ananya Mariam Rajesh (Reuters) – McDonald’s shares fell 4.3% in midday trading on Wednesday, as the head of its U.S. business scrambled to limit the damage from an E. coli outbreak linked to Quarter Pounder burgers in several states that has killed one person and sickened nearly 50 others. McDonald’s USA President Joe Erlinger on Wednesday said the world’s biggest fast-food chain could rebuild trust with the public as it works to soften the blow of … Read more…

(Reuters) – IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” models will be made open-source, similar to other versions in IBM’s Granite family of AI models. This approach differs from rivals such as Microsoft that charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that helps run … Read more…

By Vladimir Soldatkin and Guy Faulconbridge KAZAN, Russia (Reuters) -India’s Narendra Modi told Russian President Vladimir Putin on the eve of the BRICS summit that he wanted peace in Ukraine and that New Delhi was ready to help achieve a truce to end Europe’s deadliest conflict since World War Two. Putin, who ordered tens of thousands of troops into Ukraine in February 2022, wants the BRICS summit to showcase the rising clout of the non-Western … Read more…

By Rahul Paswan (Reuters) – Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks’ interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. … Read more…