Oracle founder Larry Ellison announced Tuesday that he plans to move the software giant’s corporate headquarters to Nashville, Tennessee, which he added is at the center of the healthcare industry.Ellison sat down with former Senate majority leader Bill Frist for an onstage conversation in Nashville, which was shared by Oracle Health on the social media platform LinkedIn on Tuesday.The founder and executive chairman told Frist his company was moving its “huge campus” to Nashville, and it will “ultimately be ...

Tesla said Tuesday it had pulled forward the launch of new models, sending its shares up 6% in trading after the bell.“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,” the company said in a filing.“This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times,” Tes ...

Apple iPhone sales in China plunged 19% in the first three months of the year — the worst performance since the start of the pandemic in 2020 — to knock the Tech giant from its perch as the top-selling phone in the crucial market.The Cupertino, Calif.-based company’s share in the world’s biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.Apple lost its crown as the big ...

Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group representing the workers said.It’s the latest sign of internal turmoil at the tech giant centered on “Project Nimbus,” a $1.2 billion contract signed in 2021 for Google and Amazon to provide the Israeli government with cloud computing and artificial intelligence services.Workers held sit-in ...

Soccer’s global governing body FIFA is close to an agreement with Apple to give the tech company worldwide television rights for a new, month-long club tournament, the New York Times reported Monday.The deal with Apple could be announced as soon as this month and valued at around $1 billion, a quarter of the $4 billion FIFA had first estimated, the report said, citing three people familiar with the matter.The potential agreement would give the company’s streaming business an edge amid competition among stre ...

Group 1 - BlackRock increased spending on private security for CEO Larry Fink more than threefold last year, spending $563,513 on home security upgrades and $216,837 on bodyguards [1] - The company manages approximately $10.5 trillion in assets and has faced significant backlash from Republican-led state investment funds, which have withdrawn around $13.3 billion in assets due to its ESG investment strategies [3] - The Texas Permanent School Fund announced it would pull $8.5 billion from BlackRock, marking the largest withdrawal by a Republican-led pension fund to date [3] Group 2 - BlackRock's ESG policies have led to legal warnings, including one from Mississippi regarding "false and misleading statements" to investors [3] - Despite the backlash, BlackRock's climate transition funds market grew by 25% last year, reaching nearly $210 billion, with four of the five best-selling climate funds being BlackRock products [6] - BlackRock funds recorded $13.9 billion in net flows according to Morningstar, indicating continued investor interest in its offerings despite political challenges [6]

Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 4% ahead of Tuesday’s much-anticipated quarterly earnings.Tesla stock traded at around $142 to approach its lowest price since closing at $113.06 on Jan. 6, 2023. Since the start of the year, Tesla has fallen nearly 43% — wiping out more than $60 billion from Musk’s net worth and knocking him from his perch atop the world’s richest people. 3 Shares of Tesla ...

A court in Russia on Monday convicted a Meta spokesperson of justifying terrorism and sentenced him to six years in prison in a swift trial in absentia, Russia’s independent news site Mediazona reported.According to the outlet, the charges against Meta communications director Andy Stone stem from his remarks in 2022 following Moscow’s full-scale invasion of Ukraine on Feb. 24 of that year. Stone, who is based in the US, announced temporary changes to Meta’s hate speech policy to allow for “forms of politica ...

Core Insights - Chipotle has experienced a sales growth of 8.4% in the last quarter, outperforming competitors like McDonald's and Starbucks [1] - The company plans to increase prices at its California locations due to the new $20-an-hour minimum wage law, which could further boost revenue [1] - Chipotle's stock price has risen by 60% over the past 12 months, significantly outpacing the S&P 500 index's 20% increase during the same period [2] Customer Demographics - More than half of Chipotle's customers belong to the millennial or Gen Z demographic, which is generally more affluent and health-conscious [2][3] - Chipotle is perceived as a healthier dining option, particularly among young consumers who prioritize wellness and fitness [3] Pricing Strategy - Chipotle has raised menu prices six times since 2021, with recent increases in California seeing prices for some items rise by as much as 7% [1][6] - The median price for a Chicken Burrito in California has increased by 6.8%, with the typical price now at $10.25, while the average price for a Steak Burrito is $12 [6] Expansion Plans - The company plans to open an additional 300 locations this year, driven by better-than-expected earnings over the last four quarters [1]

Tesla on Saturday slashed the price of its Full Self-Driving (FSD) driver assistant software to $8,000 from $12,000 in the United States, as CEO Elon Musk reaffirms his commitment to self-driving technology.Musk is betting the technology will become a major source of revenue for the world’s most valuable automaker. But he has for years failed to achieve the goal of self-driving capability, with the technology under growing regulatory and legal scrutiny.Earlier this month, Musk said Tesla will unveil its rob ...