Tesla has started limited production on a cheaper model in a bid to boost sluggish demand after revealing its worst slump in quarterly sales for over a decade.The electric carmaker, effectively run part-time by founder and CEO Elon Musk for much of this year after his now-defunct spell at the heart of Donald Trump's government, reported a 12% drop in revenues over the second quarter of the year. Its update showed a total of $22.5bn sales, despite aggressive discounting and low-cost financing put in place to ...

Coca-Cola will launch a version of its signature drink in the US made with cane sugar days after Donald Trump said he had spoken to the company about the move.The iconic beverage is sweetened with cane sugar in Mexico but has been made with high-fructose corn syrup in the US since the 1980s to save costs. However many US consumers, including Mr Trump, believe the Mexican version tastes better.The US president, known to be a big lover of both Coke and its diet variety, posted on his Truth Social platform las ...

Hewlett-Packard (HP) is owed hundreds of millions, rather than billions, of pounds over its acquisition of British software company Autonomy in 2011, a High Court judge has ruled.The US firm was seeking to recoup up to £4bn of losses from Mike Lynch - the UK tech entrepreneur - in a damages lawsuit that found in HP's favour in 2022. Before a ruling on the sums involved on Tuesday, Mr Lynch tragically died along with his daughter Hannah and five others, when his yacht sank in a freak storm off the Italian co ...

Core Points - Alaska Airlines experienced an IT outage that led to a temporary, system-wide ground stop for its flights, including those operated by its regional subsidiary, Horizon Air [1][2] - The airline has apologized for the disruption and warned passengers of potential residual impacts on operations [2] - Alaska Air Group operates a fleet of 238 Boeing 737 aircraft and 87 Embraer 175 aircraft [3] - The company is currently assessing the financial impact of the IT outage [4]

Core Viewpoint - Tesla is facing potential losses of billions of dollars in government subsidies due to a fallout between Elon Musk and Donald Trump, as the US president has cut state support for green industries [1]. Group 1: Impact of Government Subsidies - Government subsidies have been crucial to Tesla's growth from a small manufacturer to one of the largest electric vehicle makers globally in under 20 years [1]. - The recent cuts in subsidies could create a significant gap in Tesla's future earnings [1]. Group 2: Business Analysis - Sky's business correspondent and data analysts are investigating how Tesla generates its revenue [2].

Core Viewpoint - Nvidia has become the first publicly listed company to reach a market value of $4 trillion, marking a significant milestone in its growth trajectory driven by the AI technology boom [1][2]. Company Performance - Nvidia's share price increased by over 2% at market open, contributing to its achievement of the $4 trillion market cap [1]. - Since its market debut in 1999, Nvidia's share value has surged by 409,825%, reflecting its strong performance over 26 years [2]. - The company has transformed from a gaming hardware provider to a key player in AI infrastructure, with its chips now essential for various applications including natural language processing and robotics [12]. Market Context - The recent rise in Nvidia's stock value has coincided with a broader trend of optimism in US stock markets, attributed to delays in the implementation of tariffs by the Trump administration [8]. - Despite concerns regarding global AI demand and competition from low-cost alternatives like DeepSeek, analysts believe Nvidia's market value has further growth potential [3][9]. Future Outlook - Analysts project that while Nvidia may face slower growth and increased competition, it remains an attractive investment opportunity with a forecasted top-line growth of over 50% this year [14]. - The company's trading at a relatively modest 32 times expected earnings suggests continued potential for investors looking to capitalize on the AI boom [14].

Core Viewpoint - Tesla's shares have sharply declined by over 7%, resulting in a loss of approximately $71 billion in market value, due to concerns over Elon Musk's political distractions and his deteriorating relationship with Donald Trump [1][10]. Group 1: Stock Performance and Market Impact - Tesla's stock has faced pressure since Musk's association with Trump, particularly after the formation of the DOGE department aimed at reducing federal costs [2]. - The stock has trended lower since December, with a 35% decline from its peak, exacerbated by tariff disruptions and a backlash against Musk's political involvement [13]. - The recent political tensions have led to investor concerns about potential impacts on Tesla's government subsidies and Musk's focus on the company [14][15]. Group 2: Political Dynamics - Musk has publicly opposed Trump's recent tax cut and spending plans, which has contributed to the souring of their political relationship [3][4]. - Following the passage of Trump's bill, Musk initiated a poll on his platform regarding the creation of a new political party, which received 65.4% support [7]. - Trump's response to Musk's political ambitions included criticism and threats regarding Tesla's government contracts, further straining their relationship [8][10].

Group 1 - The discussion focuses on the progress of Donald Trump's 'Big, Beautiful Bill' in the House [1] - Other topics include the potential for a ceasefire in Gaza and Paramount's financial dealings with the president [1] - There is mention of a setback regarding Trump's immigration policy [1]

Group 1 - Tesla's deliveries from April to June totaled 384,122, marking a 13.5% decline compared to the same period last year, indicating a continued slump in production [1] - Wall Street analysts had anticipated approximately 1,000 more deliveries than reported, highlighting a significant shortfall in expectations [1] - Tesla's profits for the first quarter fell by 71% to $409 million from $1.39 billion, with revenues dropping 9% to $19.3 billion, which were also below forecasts [9] Group 2 - Despite the negative delivery figures, analysts at Wedbush expressed optimism about Tesla's future, citing advancements in autonomous driving, robotics, and other technologies as key growth drivers [6] - The stock price of Tesla experienced a 5% decline earlier in the week but rebounded with a 4.5% increase on Wednesday, suggesting some recovery in investor sentiment [6] - The upcoming financial details for Tesla are expected to be published later this month, which may provide further insights into the company's performance [7]

Core Viewpoint - Paramount has agreed to pay $16 million to settle a lawsuit filed by Donald Trump regarding a misleading interview with Kamala Harris, raising concerns about free speech implications [1][4]. Group 1: Lawsuit Details - The lawsuit was centered around a CBS News feature that Trump claimed was misleading due to the editing of Harris's interview [1][2]. - Trump's lawyer stated that the editing caused "mental anguish" and confusion among voters, asserting that it misrepresented Harris's responses [2][4]. - The settlement amount will be directed to Trump's future presidential library rather than to him personally [2]. Group 2: Company Response and Implications - Paramount and CBS rejected Trump's claims, arguing that the interview was edited for brevity and clarity, and sought to have the lawsuit dismissed [2][3]. - The case has attracted attention from press freedom advocates, with the Freedom of the Press Foundation, a Paramount shareholder, threatening to file a lawsuit if a settlement was reached [4][7]. - This settlement follows a similar case where ABC News paid $15 million to Trump over a defamation lawsuit, indicating a trend of media companies settling disputes with the former president [7].