22.5 C
New York
May 29, 2024
NewsAltitude
Business TOP STORIES

Trump Media’s trouble, Elon Musk’s pay-to-tweet, Amazon’s Prime Video problem: Business news roundup

Trump Media’s trouble, Elon Musk’s pay-to-tweet, Amazon’s Prime Video problem: Business news roundup

Photo: lev radin (Shutterstock), Carlos Barria (Reuters), Joe Raedle (Getty Images), David Swanson (Reuters), Gareth Cattermole (Getty Images), Alexander Spatari (Getty Images), Image: Francis Mascarenhas (Reuters), Daniel Zuchnik (Getty Images)

Photo: lev radin (Shutterstock)

The firm responsible for auditing Trump Media & Technology Group was labeled as “so seriously deficient in its performance” that it was removed from a national peer review program.

Read More

Elon Musk bought Twitter for $44 billion and rebranded the social media platform as X.
Photo: Carlos Barria (Reuters)

New users of X, the social media platform formerly known as Twitter, will have to pay to tweet, according to Elon Musk.

“Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots,” Musk said in between posting memes and tweeting about Tesla’s sweeping layoffs. “Current AI (and troll farms) can pass ‘are you a bot’ with ease.”

Read More

U.S. auto safety regulators are investigating issues in 2018-2022 Honda Accord sedans.
Photo: Joe Raedle (Getty Images)

Amazon spent $19 billion on its video and and music expenses in 2023.
Image: Francis Mascarenhas (Reuters)

Catalog errors on Amazon’s video streaming service are so bad that they’ve kept some viewers from finishing shows on the platform.

Read More

Warren Buffett has a net worth of $133 billion, according to Forbes.
Image: Daniel Zuchnik (Getty Images)

Berkshire Hathaway, the holdings company founded and led by renowned investor Warren Buffett, bought 1.9 million shares Liberty Sirius XM last week for nearly $50 million.

Read More

It’s not a Lego airport
Photo: Gareth Cattermole (Getty Images)

Every year the the Airports Council International, an industry group that represents airports around the world, releases a Top 10 list of the busiest airports . The group’s 2023 list is out now. Tracking the activity of an estimated 8.5 billion trips — 93.5% of pre-pandemic levels — this year’s rankings include a familiar name at the top: Atlanta’s Hartsfield-Jackson airport. In fact, all the names are familiar ones, with the exception of no. 5.

Read More

Photo: Alexander Spatari (Getty Images)

Net interest income, or NII, has become one of the most watched metrics on the balance sheet this bank earnings season. Banks have adjusted their guidance on it, analysts are grilling CFOs in earnings calls over their expectations for the remainder of 2024, and regional and big bank stocks alike are rising and falling on any revelations related to it.

Read More

TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple

Taiwan Semiconductor Manufacturing Company said it’s keeping its plans to spend up to $32 billion this year as the boom in AI sales continues

ChatGPT requires 15 times more energy than a traditional web search, says Arm exec

Arm executive Ami Badani says generative AI’s overwhelming demand for electricity could hinder its rapid growth

Read More