Author: Press Room

Here are the companies that are making headlines before the bell:Advanced Micro Devices (AMD) – AMD slid 5.3% in the premarket after cutting its sales forecast. The chipmaker said it is being hit by a larger than expected slump in the personal computer market.Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket hit after cutting its full-year sales and profit outlook. The apparel maker is seeing an impact from higher costs, supply chain issues and a stronger U.S. dollar.CVS Health (CVS) – CVS shares fell 5% in premarket trading, following a downgrade of one of its Aetna Medicare Advantage…

The man stabbed by a random attacker in a Bronx subway station died early Friday — as cops released chilling video of the Thursday night attack.  The 38-year-old victim — who was brutally assaulted at the 176th Street and Jerome Avenue station, just outside the northbound No. 4 train — succumbed to his injuries around 6 a.m. Friday, authorities said.  The footage, released by cops a short time earlier, shows the victim and the suspect — wearing all black — scuffling on the northbound platform while the train was still in the station.  The footage shows the two men grappling just outside the…

CNN  —  The past three years have been the driest such period on record in California, state officials said this week. The state is now preparing for the increasing probability that it will see a fourth consecutive dry year as it works to conserve water resources as reservoir supplies dwindle. California’s water year, which ended in September, came with both wet and dry extremes, state climatologist Michael Anderson said during a news briefing early this week. Human-caused climate change has increased the potential for this weather whiplash, where dramatic shifts in between extremely dry periods and high precipitation can occur…

In his speech in the Lower House on Friday afternoon, Mr Tengku Zafrul stressed that the main theme of the budget overall was “strengthening recovery, facilitating reforms towards sustainable socio-economic resilience of the Malaysian family”.  “The outlook for the global economy in the coming year has become more uncertain and challenging, due to geopolitical conflict, global inflationary pressures, tightening of monetary policies as well as the prospect of weak economic growth,” he said. Here are five key takeaways from Malaysia’s 2023 budget: 1. What’s in it for households and individuals Even though the overall budget expenditure for 2023 is expected…

Source: YouTube

Dinner with Elon Musk begins with a drive in a Tesla. I am seated in the back, next to X, the billionaire’s two-and-a-half-year-old son. It’s around 7pm in Austin, and X is, as one would expect, cranky. We had set off to Fonda San Miguel, Musk’s favourite Mexican restaurant, after a visit with an FT colleague to the Tesla Gigafactory on the banks of the Colorado river. In this massive site Musk is producing the Y electric SUVs, the latest model in the Tesla collection that has catapulted him to the top of the world’s rich list (net worth: $232bn).…

London CNN Business  —  The UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks for ways to bolster energy security amid a global supply crunch. Launched Friday, the licensing round won’t lead to new UK production for several years. And when drilling does begin, Britain will still be dependent on energy imports, according to the government, leaving it vulnerable to soaring prices and supply disruptions of the kind that threaten blackouts this winter. UK utilities company National Grid (NGG) warned Thursday that households and businesses could be…

Major crypto exchange Binance has decided to temporarily freeze the activities of its blockchain, BNB Chain, after hackers exploited a bug to steal millions worth of crypto.“Due to irregular activity we’re temporarily pausing BSC,” BNB Chain said in a tweet, before announcing that Binance Smart Chain (BSC), one of BNB Chain’s elements, was suspended after a potential exploit was detected.“All systems are now contained, and we are immediately investigating the potential vulnerability,” according to the statement.Commenting on the incident, Changpeng ‘CZ’ Zhao, the exchange’s CEO, said that the platform’s estimate was that about $100 million worth of crypto, or around…

Human rights campaigners in Russia, Ukraine and Belarus won the Nobel Peace Prize on Friday.Jailed human rights advocate Ales Bialiatski from Belarus, the Russian human rights organization Memorial, and the Ukrainian human rights organization Center for Civil Liberties were announced as the 2022 winners at a ceremony in Oslo.“This year’s laureates represent civil society in their home countries. They have for many years promoted the right to criticize power and protect the fundamental rights of citizens,” said Norwegian Nobel Committee Chair Berit Reiss-Andersen. “They have made an outstanding effort to document war crimes, human right abuses and the abuse of…

CNN  —  Last November, GOP Rep. Tom Emmer of Minnesota released a statement slamming the passage of the freshly approved infrastructure law he referred to as “President Biden’s multi-trillion dollar socialist wish list.” Then in June, Emmer – the House Republican campaign chairman leading attacks on Democrats for supporting the law – quietly submitted a wish of his own. In a letter to Transportation Secretary Pete Buttigieg, Emmer expressed his hearty support for a multimillion dollar grant to improve part of Highway 65 in his district. The work was critical, Emmer argued, not just for his constituents, but for people…