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Critics have slammed Tesla for Model 3 quality issues for years. And now CEO Elon Musk is admitting even his harshest critic was right. In early 2018 engineering consultant Sandy Munro, who tears apart and reverse-engineers cars to assess quality, issued a brutal appraisal of the Model 3 citing “flaws that we would see on
Continue ReadingThe pandemic is shining a spotlight on America’s inequality problem, but the nation’s economic playing field was far from level long before the virus hit — even as the US job market grew to its strongest point in 50 years. Covid-19 exacerbated the wage, wealth and income inequality that that was already present. Politicians and
Continue ReadingAthletes and officials will not be required to receive a Covid-19 vaccine in order to take part in this year’s Tokyo Games, organizers announced on Wednesday. It comes as the International Olympic Committee (IOC) published its first version of the Tokyo 2020 “Playbook” which outlines the rules and safety regulations that will be put in
Continue ReadingThe number of Black executives at the very top of the biggest companies on the London Stock Exchange has fallen to zero. There are no Black CEOs, CFOs or chairs in the FTSE 100 index for the first time in six years, according to a study published on Wednesday by Green Park, an executive recruitment
Continue ReadingAs China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the fight to each other. Douyin — the Chinese version of short-form video app TikTok -— sued Tencent on Tuesday, claiming that the Shenzhen-based social media firm has abused its “market dominance” to edge out
Continue ReadingKia Motors’ stock just had its best day in more than two decades after news media in South Korea reported that it was closing in on a major deal with Apple. The automaker’s shares closed up 9.7% in Seoul on Wednesday, reaching 97,700 Korean won ($87.70) per share. That’s the highest level since August 1998,
Continue ReadingAmazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. A court in the country’s capital, New Delhi, ruled on Tuesday that an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion should be put on hold after Amazon
Continue ReadingAngelina Jolie is selling the only painting created by British Prime Minister Winston Churchill during World War II, with the work expected to fetch up to £2.5 million ($3.4 million) at auction. Churchill painted “Tower of the Koutoubia Mosque” in Marrakech, Morocco, after attending the Casablanca Conference in January 1943, and gave it to US
Continue ReadingThe 78th Annual Golden Globe Awards nominees were announced Wednesday morning. Here are reactions from those who scored a nod. Sacha Baron Cohen, Best Supporting Actor Motion Picture for ‘The Trial of the Chicago 7.’ Best Motion Picture Lead Actor and Best Motion Picture Comedy/Musical for ‘Borat Subsequent Moviefilm.’ “I’m overwhelmed and humbled that the
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Click here for updates on this story Houston (KTRK) — Experts say vaccines are the best bet at fighting the more contagious COVID-19 variants, and while some are pushing back, many more are anxiously awaiting their turn. Now, there’s a new push to get truck drivers to the front of the line. Eyewitness News spoke
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Joseph Flavill slipped out of one world and woke up in another. On March 1, 2020, when the 19-year-old was struck by a car in Staffordshire, central England, the United Kingdom had recorded just 23 cases of a concerning new virus. The vast majority of Covid-19 infections were still confined to China, and the United
Continue ReadingSkiers dream of empty slopes and pristine powder to plunder at leisure, but what price would you put on this notion of nirvana? The idea of your own ski resort has been close to reality for a lucky few in some mountain regions of Europe this winter because of Covid-19. Ski lifts are open, with
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Click here for updates on this story New York City (WABC) — The major nor’easter on Monday didn’t stop the violence in NYC as at least six people were shot during the blizzard-like conditions. One of the victims was a 26-year-old woman who was shot through the wall of her apartment on Washington Avenue in
Continue ReadingThe United States has extended a key nuclear arms control treaty with Russia for five years, Secretary of State Antony Blinken announced Wednesday. “Extending the New START Treaty makes the United States, U.S. allies and partners, and the world safer. An unconstrained nuclear competition would endanger us all,” Blinken said. The treaty — the only
Continue ReadingIt’s a Golden Globes first, but hopefully, not a Golden Globes last. For the first time in the award show’s history, three female directors earned nominations for best director on Wednesday, bringing calls for increased recognition for the work of women in Hollywood to an important moment. Nominees Chloé Zhao (“Nomadland”), Emerald Fennell (“Promising Young
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Click here for updates on this story Los Angeles (KABC) — The family of a Southern California child who became seriously ill from complications linked to COVID-19 are sharing their story after their quick actions may have saved their young son’s life, and they hope to raise awareness to other parents about what to do
Continue ReadingHedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late. That’s why Thinknum Alternative Data quickly built and launched a tool that provides its hedge fund and investment bank clients a ranking of the most-mentioned stocks on WallStreetBets as well as the Stocks subreddit. The
Continue ReadingThe Supreme Court agreed Wednesday to postpone oral arguments in significant cases regarding former President Donald Trump’s border wall and a controversial asylum policy. Earlier this week, President Joe Biden’s Justice Department asked the Supreme Court to delay the arguments. The Justice Department said Biden has directed a “pause in construction” so that the administration
Continue ReadingDemocrats tasked with protecting majorities in the House and Senate are seizing on deep divisions within the Republican Party, hoping that stoking the discord could help them overcome the legacy of losses the party in power usually suffers in midterm elections. The Democratic strategy is two-fold. The party, led by Biden, looks to get the
Continue ReadingHere’s some background information about Valentine’s Day, celebrated every February 14. Facts There are several different theories about the origins of Valentine’s Day. The ancient Romans held the festival of Lupercalia on February 15 to protect themselves from wolves. Men struck people with strips of animal hide; women believed that this made them more fertile.
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