Walt Disney Co. has reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger

REDMOND, Wash.--(BUSINESS WIRE)--Sep 2, 2023--

US health care provider Kaiser Permanente and unions representing tens of thousands of its staff said Friday they had reached a tentative deal to end what was billed...

Electric car maker Tesla’s profits took a dive in the third quarter, according to an earnings call on Wednesday in which the company’s chief Elon Musk blamed staff working from home for being “detached from reality”. Tesla’s profits in Q3 of 2023 have plunged by over 40 per cent compared to the gains it made in the same period last year after the company slashed its car prices by around 25 per cent in an attempt to compete with other EV makers. The EV manufacturer reported a net profit of about $1.9bn for the time between July through September, which is a 44 percent drop from the $3.3bn it made in the same three-month period last year. While the company has seen a small increase in overall revenue of about $23bn from the $21bn the same time last year, the figures are still lower than Wall Street expectations. Mr Musk also dampened hopes of the company’s anticipated Cybertruck reviving profits in the near future, announcing that it would take at least 18 months for the truck to become profitable as it could go on sale only by the end of November. “There will be enormous challenges in reaching volume production with Cybertruck and making the Cybertruck cash flow positive,” the Tesla titan told investors and analysts in the earnings call. “The blood, sweat and tears that will be required to achieve that is just staggering,” he added. Over the last year, Tesla has slashed the prices of its cars by quarter to boost sales. Growing competition with the introduction of EVs by other car makers in the US, including BMW, Toyota, Mercedes, GM and Hyundai, has also coincided with Tesla’s share of vehicles in the EV market reducing in the last quarter. In the earnings call, Mr Musk also said staff working from home are taking advantage of those who cannot work from home. “Like... what about all the people that have to come to the factory and build the cars?” he asked. “Why did I sleep in the factory so many times? Because it mattered,” the Tesla chief said. Mr Musk echoed the statements he made in an interview with CNN earlier this year in which he called remote work “morally wrong”, arguing that it is unfair to those who cannot have the option. “Get off the goddamn moral high horse with the work-from-home bullshit,” he said. Tesla also pointed fingers at its reduction in production while it upgraded its factories as one of the factors behind the profit slump. It said it has also been making big investments in AI and “commissioned one of the world’s largest supercomputers.” “We have more than doubled the size of our AI training compute, accommodating for both our growing data set & Optimus, which is currently being trained for simple tasks through AI rather than hardcoded software, while its hardware continues to improve,” Tesla said. But all is not gloomy as the company says the first deliveries of its Cybertruck are scheduled for 30 November and Tesla’s Model Y remains the “best-selling vehicle of any kind” in Europe. Read More X begins charging new users to post as part of trial EU asks Elon Musk to ‘walk the talk’ on X/Twitter disinformation over Hamas attack AOC wants to ‘trade in’ her Tesla for union-made electric vehicle amid historic auto workers strike Amazon to start dropping packages into people’s gardens using drones in the UK Facebook has stopped working Facial recognition firm Clearview AI overturns UK data privacy fine

FC 24 TOTW Upgrade SBC is now live containing players from Team of the Week 1-3. Here's how to complete the SBC and the best players you can pack.

A Family Feud participant is facing trial in Illinois for allegedly breaking into his estranged wife’s home and fatally shooting her in a vicious attack. Tim Bliefnick, 39, is charged with first-degree murder and home invasion in connection with the violent death of his 41-year-old wife Becky Bliefnick. Investigators say the couple was going through a contentious divorce that was in its final stages at the time of Bliefnick’s fatal shooting on 23 February. During the ongoing murder trial at the Adam’s County Courthouse in Quincy, prosecutors have presented evidence and witness testimony that they said prove Mr Bleifnick pried open his wife’s second-storey window with a crowbar before shooting her 14 times, KHQA reports. The tragedy comes nearly three years after Mr Bliefnick made an ominous joke during his appearance at ABC’s Family Feud. Answering a question by host Steve Harvey on what his worst mistake had been on his wedding night, Mr Bliefnick said that it was saying “I do” — the answer was second on the board. Now, the alleged murderer is facing between 45 years to life in prison if convicted for the shooting of his wife and the mother of his three children. In an obituary for Bliefnick, she is described as a compassionate and generous mother who had found her true calling in nursing. During the Covid-19 pandemic, Ms Bliefnick was a travel nurse at the Northeast Regional Medical Center and Hannibal Regional Hospital in Missouri. Loved ones first became concerned when Bliefnick failed to pick up her sons from school. Her body was then found on the floor in the bathroom of her home, with a towel underneath. Bliefnick was left “terrified, bleeding, and alone” after the fatal attack, prosecutors said on the first day of the trial on Monday. In March, the Quincy Police Department served a search warrant at Mr Bleifnick’s home. At the time, he denied any involvement with the crime and said through an attorney that he was surprised authorities didn’t show up at his door sooner. “Given the circumstances, it is not surprising that the search warrant was issued and executed,” the attorney told local news outlet Muddy River News. “My only surprise is that it took this long to do. It is just as important that QPD conduct such as investigation to rule Tim OUT as a suspect so that investigative efforts can be spent elsewhere.” Mr Bliefnick has since entered a not-guilty plea. Prosecutors have revealed during the first week of trial that they found chilling searches for “how to wash off gunpowder,” “average police response time,” and “how to open a door with a crowbar.” DNA from the crime scene also links Mr Bliefnick to the crime scene, according to prosecutors. Adams County Assistant State’s Attorney Josh Jones told a jury of six women and six men that shell casings found in Mr Bliefnick’s basement matched the casings that were found near his wife’s body. Crime scene investigators also reportedly found Bleifnick’s DNA in an Aldi bag found at her husband’s home. The couple had filed for divorce in early 2021, court filings show. Mr Jones said during opening arguments that Mr Bliefnick had reportedly told his slain wife that “she would not get his money.” The prosecutor also told jurors that Bliefnick had texted a friend before her death that if anything happened to her, her husband was behind it. Bliefnic’s body was found by her father William Postle. Before discovering the gruesome scene, Mr Postle said that his son-in-law texted asking him to check if Bleifnick was going to pick up the children. Bliefnick’s boyfriend Ted Johnson also took the stand on Tuesday. Testifying for the prosecution, Mr Johnson said that Bliefnick was looking forward to having her difficult divorce finalised. Sarah Rilley, Bleifnick’s sister, claimed that Bleifnick had first wanted to remain married to Mr Bliefnick for their three children but in the months leading up to her death had become afraid for his life. “If something ever happens to me, make sure the number one person of interest is Tim. I am putting this in writing that I’m fearful he will somehow harm me,” Bliefnick reportedly texted her sister in 2021. Read More Police: Student fatally shot by another student outside Pittsburgh school Will releasing the Nashville school shooter’s manifesto inspire a new massacre — or prevent it? Prosecutors in Guyana mull charges for teen suspect in deadly blaze at girl's dorm

Football legend Harry Redknapp is getting involved in a different type of 'deadline day' by becoming the star of a new government ad urging pensioners to apply for cash boost. The ad mimics a sports channel on one of the most important days in the footballing calendar, with Redknapp 'pulling up in his car' being hounded by reporters on why pension credit is a 'brilliant signing'. "It’s always an exciting time of the season – I would just say to anyone, check in with your mum, dad, nan, or grandad", he says of the 10 December deadline. Sign up to our new free Indy100 weekly newsletter

The undated "burn after reading" letter from Brian Laundrie's mother could provide what one legal analyst called the "proverbial smoking gun" in the civil case brought by Gabby Petito's family against his parents. But the note is unlikely to expose his mom to criminal charges, legal experts say.

The iconic Christmas tree at Rockefeller Center has been lit before a crowd in New York City

Danel Cavalcante used the same escape route taken by another inmate who fled earlier this year.

SAN FRANCISCO--(BUSINESS WIRE)--Jul 25, 2023--

Eddie Howe insists Sandro Tonali has a future at Newcastle as the Italian midfielder awaits the outcome of an investigation into...