Trump Media's trouble, Elon Musk's pay-to-tweet, Amazon's Prime Video problem: Business news roundup
Trump Media’s audit firm sees its business practices come under scrutiny
The firm responsible for auditing Trump Media & Technology Group was labeled as “so seriously deficient in its performance” that it was removed from a national peer review program.
Elon Musk says new X users have to pay to tweet
New users of X, the social media platform formerly known as Twitter, will have to pay to tweet, according to Elon Musk.
“Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots,” Musk said in between posting memes and tweeting about Tesla’s sweeping layoffs. “Current AI (and troll farms) can pass ‘are you a bot’ with ease.”
U.S. auto safety regulators expand probe into Honda Accord and CR-V vehicles over braking issues
U.S. auto safety regulators have advanced their probe into almost 3 million Honda Motor Co. sedans and SUVs after receiving thousands of consumer complaints over unexpectedly activating automatic emergency brakes.
People are giving up on Amazon Prime Video shows because of catalog errors, report says
Catalog errors on Amazon’s video streaming service are so bad that they’ve kept some viewers from finishing shows on the platform.
Warren Buffett’s Berkshire Hathaway keeps buying up Liberty Sirius XM stock
Berkshire Hathaway, the holdings company founded and led by renowned investor Warren Buffett, bought 1.9 million shares Liberty Sirius XM last week for nearly $50 million.
The 10 busiest airports in the world — including 1 airport new to the list
Every year the the Airports Council International, an industry group that represents airports around the world, releases a Top 10 list of the busiest airports . The group’s 2023 list is out now. Tracking the activity of an estimated 8.5 billion trips — 93.5% of pre-pandemic levels — this year’s rankings include a familiar name at the top: Atlanta’s Hartsfield-Jackson airport. In fact, all the names are familiar ones, with the exception of no. 5.
‘Net interest income’ has Wall Street worried right now. Here’s what it is and why it matters
Net interest income, or NII, has become one of the most watched metrics on the balance sheet this bank earnings season. Banks have adjusted their guidance on it, analysts are grilling CFOs in earnings calls over their expectations for the remainder of 2024, and regional and big bank stocks alike are rising and falling on any revelations related to it.
TSMC beat on Q2 sales expectations driven by AI boom, Nvidia, and Apple
Taiwan Semiconductor Manufacturing Company said it’s keeping its plans to spend up to $32 billion this year as the boom in AI sales continues
ChatGPT requires 15 times more energy than a traditional web search, says Arm exec
Arm executive Ami Badani says generative AI’s overwhelming demand for electricity could hinder its rapid growth