Tesla reports 7% drop in auto revenue as earnings fall short of Wall Street estimates
Tesla reported a 7% decline in year-over-year automotive revenue for the second quarter, contributing to a drop in profit.
Meta debuts newest Llama AI model with help from Nvidia and cloud partners
One new variant of Llama 3.1, the biggest and most capable AI model from Meta to date, continues to be open source, which means it can be freely accessed.
BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperform
Jonathan Krinsky, chief market technician at BTIG, said the broader index’s recent choppy moves are likely to continue.
GM slows its EV plans again even as sales grow
GM is again slowing its plans for all-electric vehicles by further delaying a second electric U.S. truck plant and the Buick brand’s first EV.
DOT investigating Delta over IT outage chaos
The DOT cited widespread flight disruptions and customer service failures in which Delta did not uphold commitments to its passengers, it said.
June home sales slump, pointing to a buyer’s market as supply increases
The median price of an existing home sold in June was $426,900, an increase of 4.1% year over year
Lawmakers introduce bipartisan bill aiming to crack down on drug middlemen as scrutiny ramps up
The bill’s introduction comes amid a hearing featuring testimony by UnitedHealth Group’s Optum Rx, CVS Health’s Caremark and Cigna’s Express Scripts.
Scientists discover ‘dark oxygen’ being produced by seabed metals in ground-breaking study
A team of scientists has discovered that oxygen is being produced by metallic nodules thousands of meters below the surface of the Pacific Ocean.
GM indefinitely delays Cruise Origin autonomous vehicle
General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations.
Farnborough Air Show kicks off with $51 billion in deals as Airbus shows off new ultra long-haul jet
Airbus flew the A321XLR for the first time since it was certified, but its U.S. rival, Boeing. dominated on the deal-making front.
