Tesla is off to a bumpy start this year. The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the company faced a flurry of setbacks, including looming tariffs and a brand crisis perpetuated by Chief Executive Elon Musk’s prominent role in the Trump administration. The Austin, Texas-based company reported…
The biggest bull in markets heading into 2025 has already gone back to the drawing board. But considering what’s happened to US stocks in the last two months, he’s as cheery as ever. John Stoltzfus, the chief investment strategist at Oppenheimer, entered the year with a Street-high S&P 500 target of 7,100, which implied the index was…
Hong Kong residents made 1.84 million outbound trips between Thursday and Saturday, the second day of the Easter long weekend, representing a 10 per cent increase from the same period last year. A catering industry representative forecast a potential 30 per cent decline in business during Easter compared with last year, attributing the fall to…
Hong Kong residents made 1.84 million departure trips between Thursday of last week and the second day of the Easter break, representing a 10 per cent increase from the same period last year. Figures from the Immigration Department highlighted the increase from 2024, when residents had made 1.68 million trips by the end of the…
151ST KENTUCKY DERBY IS NOW JUST A LITTLE MORE THAN TWO WEEKS AWAY. THAT MEANS TIME IS TICKING. TO FIND THAT PERFECT OUTFIT. WLKY’S MEGAN MATTHEWS CAUGHT UP WITH LOCAL SHOPS AND FOUND OUT WHERE TO GET DEALS ON THOSE LAST MINUTE FINDS. YEAH, YOU DON’T WANT TO SHOW UP WITH THE SAME HAT AS…
GUANGZHOU/TOKYO — Chinese drone maker EHang is preparing to launch a commercial air taxi operation within the year, which could make it the first company in the world to do so. “In 2025, we’ll open tour routes for aerial sightseeing in Guangzhou, Guangdong province, and in Hefei, Anhui province,” EHang Vice President He Tianxing told…
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Trump’s trade war is clouding forecasts for how they and the economy will do this year. The Standard & Poor’s 500 index sank 2.2% after falling…
In January, Donald Trump announced from the White House that he was launching “the largest AI infrastructure project by far in history,” and that “it’s all taking place right here in America.” Stargate Project, a $500 billion initiative to bolster the development of AI models such as OpenAI’s ChatGPT and Anthropic’s Claude, is designed to…
The American Cancer Society Celebration of Life Fashion Show took place at the Monterey Conference Center Friday, raising money for cancer research and patient services.All the models on the runway are survivors, making it an emotional event for both the models and their families. This year, one of the stars of the show was a…
Chinese tech giants are playing a different AI game. US AI companies — like OpenAI and Anthropic — usually keep their most powerful models locked behind paywalls for consumers or license them to enterprises. China’s biggest players, in contrast, are handing theirs out for free — and rolling them out across everyday tech at breakneck…