Tesla on Tuesday posted its second-quarter vehicle production and deliveries numbers for 2024, beating analysts expectations. Here are the key numbers: Total deliveries Q2 2024: 443,956 vehicles Total production Q2 2024: 410,831 vehicles Tesla’s numbers beat Wall Street estimates. Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of estimates compiled by FactSet StreetAccount. The total ...
Hatch Baby is recalling 919,400 power adapters sold with Rest 1st Generation sound machines because they pose a shock hazard. In a notice posted on the Consumer Product Safety Commission’s website, Hatch said it had received 19 reports of the plastic housing surrounding the AC power adapter coming off, leading to two reports of consumers experiencing a minor electrical shock. ...
During a visit to a local farm while working with development agency USAID, Ugandan entrepreneur Juliet Tumusiime realized that a huge amount of banana stems are left over from banana cultivation and simply discarded. Looking for a way to use the waste, she struck upon an innovative business idea. Almost a decade later, now aged 42, Tumusiime is the chief ...
The Chinese coast guard detained a Taiwanese fishing vessel in waters off China’s southeast coast on Tuesday night, in the latest flare-up of tensions around a group of frontline islands controlled by Taipei. In a statement, Taiwan’s coast guard said the fishing boat, Tachinman 88, was intercepted by two Chinese coast guard vessels near the Kinmen islands, which lie just miles ...
Sierra Leone officially banned child marriage on Tuesday with President Julius Maada Bio signing into law a bill to end the practice that remains widespread. Advocates hope the new legislation will better protect girls in Sierra Leone, around a third of whom are married before they turn 18, increasing the maternal death rate due to the physical risks they face ...
A club of Eurasian countries spearheaded by China and Russia to advance their leaders’ vision of an alternative world order is set to expand again this week – this time adding a staunch Russian ally that has openly supported Moscow’s war on Ukraine. The expected admission of Belarus to the Shanghai Cooperation Organization (SCO) at its annual leaders’ summit in Astana, ...
Voters in Britain are primed to end a 14-year era of Conservative rule, in a momentous general election that Prime Minister Rishi Sunak is almost universally expected to lose. Sunak took the biggest gamble of his troubled premiership by calling the early vote, but he has struggled to turn around dire polling and appears on the cusp of defeat. If, ...
As French citizens get set to vote in runoff parliamentary elections on Sunday hundreds of contenders have bowed out in an effort to block the far-right party from the gates of power. Over 200 candidates from President Emmanuel Macron’s centrist camp and the left-wing alliance have stepped down in a bid to avoid splitting the vote. They’ve put aside their ...
Israeli Prime Minister Benjamin Netanyahu has rejected the idea of starting a ceasefire in Gaza while Hamas remains in power, after The New York Times published an article citing six current and former security officials who said a truce would give Israeli troops time to prepare for a potential land war with Hezbollah. The officials, most of whom spoke anonymously to “discuss ...
More than a hundred people were killed in a crush at a religious gathering in India’s northern state of Uttar Pradesh on Tuesday, according to local police and administration officials. The incident happened at a prayer meeting, known as a satsang, in the Mughal Garhi village in the Hathras district of Uttar Pradesh, officials said. The village in India’s most populous ...
Allegations of sexual abuse against a child by a Syrian man in Kayseri, Turkey, have sparked overnight riots that targeted Syrian businesses and cars in the city. According to Turkish state news agency Anadolu, a Syrian man was arrested on allegations that he sexually abused his seven-year-old female cousin, who is also Syrian, in a public bathroom at a market. ...
S&P 500 earnings are in for 2024 Q1, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of ...