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Nvidia Gets Another Price-Target Cut. China Restrictions Will Have Consequences, Analyst Says.
Nvidia Gets Another Price-Target Cut. China Restrictions Will Have Consequences, Analyst Says.
KeyBanc Capital Markets analyst John Vinh cut lowered his target for the price to $650 from $750.
2023-10-20 17:41
Slack to retire its status account on Elon Musk’s X
Slack to retire its status account on Elon Musk’s X
Workplace messaging app Slack is retiring its status update account on X – formerly Twitter – where it previously shared updates about issues such as outages on the platform. “We made the decision to retire the @SlackStatus account,” the company posted on X. “We’ll continue to share other Slack news and provide support through our main account, @SlackHQ,” it said. The X account had been a useful source of information about ongoing issues with the platform and about problems being investigated by the company. Slack said it is consolidating news related to incidents in its status site. “Moving forward, the Slack Status site, https://status.slack.com, will be the source of truth for all incident news,” the company noted, adding that users can also reach out at feedback@slack.com “with any questions or feedback.” “Alerts will also be available through the RSS and Atom feeds linked at the bottom of the Slack Status home page,” Slack noted. Slack has undergone a number of technical issues this year with the app going offline during the workday for many users globally multiple times. The latest move by Slack to stop providing updates via its status account on X comes as the number of daily active users has declined on the social media platform following Tesla chief Elon Musk’s purchase of the company last year. X chief Linda Yaccarino said earlier this year that the company had about 225 million daily active users at the time – marking a decline of over 10 per cent of users from just before Mr Musk acquired the company. Market intelligence firm Similarweb also noted in a report recently that X’s global traffic is down by about 14 per cent year-on-year in September. Similarweb said the drop in user retention is “a bad sign for app user loyalty” for Twitter following the launch of rival app Threads by Instagram. Mr Musk also noted in July that the platform’s ad revenue was down 50 per cent as social media competition mounts. Other companies, including American Express and Air France have also stopped providing customer service over X. American Express had made its @AskAmex account private, while AirFrance said in April that it would stop offering support to customers via direct messages on the social media platform, The Verge reported. Read More Tesla’s profits dip as Musk goes on rant about staff working from home Elon Musk’s X may charge some users $1 a year to post on platform EU to investigate X’s handling of disinformation over Hamas attack on Israel Could X’s creditors push the social media company into bankruptcy? Slack down: Work chat app goes down as the working day begins Why taking a mental health day could be bad… for your mental health
2023-10-20 15:30
Elon Musk's X to launch premium subscriptions soon
Elon Musk's X to launch premium subscriptions soon
(Reuters) -Elon Musk said on Friday social media platform X, formerly known as Twitter, will soon launch two new tiers
2023-10-20 14:57
Wind-Farm Builders Push UK for Tax Breaks Amid Surging Costs
Wind-Farm Builders Push UK for Tax Breaks Amid Surging Costs
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing
2023-10-20 14:00
China to Curb Graphite Exports. What It Means for Tesla and Other EV Stocks.
China to Curb Graphite Exports. What It Means for Tesla and Other EV Stocks.
The Chinese government is planning additional controls on exports of graphite, a key material for electric-vehicle batteries.
2023-10-20 13:41
These Stocks Are Moving the Most Today: SolarEdge, Enphase, Knight-Swift, Intuitive Surgical, HPE, American Express, and More
These Stocks Are Moving the Most Today: SolarEdge, Enphase, Knight-Swift, Intuitive Surgical, HPE, American Express, and More
Solar stocks tumble after SolarEdge warns about demand in Europe, Knight-Swift Transportation's revenue tops forecasts, Intuitive Surgical's revenue misses, and American Express is scheduled to report earnings Friday.
2023-10-20 12:39
Challenge for World’s Biggest Robot Trains Is Going Electric
Challenge for World’s Biggest Robot Trains Is Going Electric
Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains
2023-10-20 09:43
Powell Called ‘Climate Criminal’ by Protest Group That Disrupted Speech
Powell Called ‘Climate Criminal’ by Protest Group That Disrupted Speech
The founder of the protest group that interrupted Federal Reserve Chair Jerome Powell’s speech in New York on
2023-10-20 02:59
VMware Stock Implies 50% Chance of Completion of Broadcom Deal
VMware Stock Implies 50% Chance of Completion of Broadcom Deal
VMware shares fell after a report saying Chinese regulators are likely to delay signing off on the deal.
2023-10-20 02:54
Scientists receive powerful ‘fast radio burst’ from the depths of the universe
Scientists receive powerful ‘fast radio burst’ from the depths of the universe
The Earth has been hit by a powerful blast of energy from the very depths of the universe. The fast radio burst is the most distant of its kind of ever seen, coming from so far away that it has travelled eight billion years to get to Earth. It is also astonishingly powerful, one of the most energetic of its kind ever seen. In less than a second, it released the same energy that comes out of the Sun in more than 30 years. Fast radio bursts are intense, short bursts of energy that come from unknown but extreme activity in space. Scientists are still unsure of how they are formed, but explanations have included everything from extraterrestrial technology to neutron stars. The newly discovered burst appears to come from a small group of merging galaxies, scientists say, which helps support current theories about where they come from. But the intensity of the burst is harder to explain, which challenges our understanding of how they are actually emitted. “While we still don’t know what causes these massive bursts of energy, the paper confirms that fast radio bursts are common events in the cosmos and that we will be able to use them to detect matter between galaxies, and better understand the structure of the Universe,” said Ryan Shannon, from the Swinburne University of Technology. The blasts could be useful ways of answering some of the deepest questions about our cosmos, such as how much it actually weighs. At the moment, attempts to answer that have led to confusing results. “If we count up the amount of normal matter in the Universe — the atoms that we are all made of — we find that more than half of what should be there today is missing,” said Professor Shannon. “We think that the missing matter is hiding in the space between galaxies, but it may just be so hot and diffuse that it’s impossible to see using normal techniques. “Fast radio bursts sense this ionised material. Even in space that is nearly perfectly empty they can ‘see’ all the electrons, and that allows us to measure how much stuff is between the galaxies.” The blast was spotted last year, using a telescope in Japan. Researchers then used other telescopes to verify the find and examine it in more detail. “Using ASKAP’s array of dishes, we were able to determine precisely where the burst came from,” said Stuart Ryder, the first author on the paper. “Then we used the European Southern Observatory (ESO) Very Large Telescope (VLT) in Chile to search for the source galaxy, finding it to be older and further away than any other FRB source found to date, and likely within a small group of merging galaxies.” The findings are reported in a new paper, ‘A luminous fast radio burst that probes the Universe at redshift 1’, published in the journal Science. Read More Scientists unveil radical new ‘missing law’ to explain the universe India’s Modi declares goal to land human on Moon by 2040 Researchers reveal source of largest ever Mars quake
2023-10-20 02:04
AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks
AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks
American International Group Inc. Chief Executive Officer Peter Zaffino said the biggest challenge to the insurance sector over
2023-10-20 01:47
COP28 Countdown Heats Up as Countries Spar Over Loss and Damage
COP28 Countdown Heats Up as Countries Spar Over Loss and Damage
COP28 is just six weeks away and countries are already trading blows over what is likely to be
2023-10-20 01:40
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