A hot potato: Tesla is being sued over allegations it alters the odometers of customers’ cars. According to the lawsuit, the automaker does this to increase the money it makes on repairs, avoid warranty obligations, and force customers to purchase warranty extensions early.
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Why it matters: Articles on this site that cover software vulnerabilities typically include CVE codes, which tech companies worldwide use to identify cybersecurity threats. Funding for the program that manages the CVE database nearly expired this week, potentially endangering global cybersecurity coordination efforts. Although the crisis was averted at the last minute, the cybersecurity community…
Upstart Holdings (NASDAQ: UPST), the AI-powered lending platform, has experienced another dramatic stock decline, with shares plummeting over 55% from February highs of nearly $90 to under $40 today. For existing shareholders, this roller-coaster performance feels painfully familiar – reminiscent of the company’s staggering 96% collapse during the 2022 inflation shock. If you are looking for an upside with a smoother ride than an individual stock, consider the High-Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. The Underlying Issue Upstart’s core business model, which connects borrowers and lenders through its AI-powered platform, faces a fundamental challenge: its inherent sensitivity to interest rate changes. Rising interest rates typically lead to decreased loan demand, directly impacting the company’s revenue. This vulnerability has been evident in Upstart’s financial performance in recent years: Revenue Decline: Over the past three years, Upstart’s top line c
Lockheed Martin (NYSE:LMT) will release its quarterly earnings on Tuesday, April 22, 2025. The defense contractor currently has a market capitalization of $113 billion, with $71 billion in revenue over the past twelve months. The company remains profitable, reporting $7.0 billion in operating profits and $5.3 billion in net income. Analysts expect earnings of $6.30 per share on sales of $17.8 billion, compared to $6.33 per share on sales of $17.2 billion in the same quarter last year. Revenue growth is anticipated across most segments, though the Space division may see lower sales due to reduced volume for the Next-Generation Overhead Persistent Infrared program. For event-driven traders, historical patterns can offer valuable context. Investors can either position themselves before earnings based on historical trends or react to the release based on correlations between immediate and medium-term returns. Looking at LMT’s five-year history, the stock has given negative one-day returns in 60% of instances, wit
In an era of unprecedented economic flux, the financial vulnerabilities of small businesses are drawing increased scrutiny. From pandemic aftershocks to inflationary pressures, the landscape for American small and medium-sized enterprises (SMEs) has become markedly more fragile. According to recent figures from the U.S. Small Business Administration, nearly one in five small businesses fail within…
Remote and digitalized work cultures have invited the application of cloud-based desktop virtualization software. Desktop virtualization is a type of technology that allows you to mimic a virtualized operating system, which is different from the on-device OS. The best part of desktop virtualization is that you can access the work environment on any device, irrespective…
Cybersecurity is a priority for any-sized organization. And with the increased incidence of cyberattacks, businesses on Long Island must now take a proactive stance toward protecting sensitive data while observing industry compliance. But how do you figure out what services you need for your business with so many options available in the market?
In a nutshell: Apple released iOS 18.4.1 this week with patches for two critical iPhone security flaws, both of which were being exploited in the wild. The update also contains important bug fixes, including one for an annoying CarPlay glitch that caused random connection issues and other problems.
In brief: TSMC has officially denied the long-running claim that it is considering entering into a joint venture with Intel. It was recently reported that the two tech giants had reached a preliminary agreement on the plan, which has been pushed by the Trump administration in the hope of helping Intel address its current manufacturing…
The big picture: If you’ve ever wanted to bring a bit of Severance’s office dystopia into your real life – minus the mind-splitting surgery – custom keyboard brand Atomic has you covered. The company just announced the MDR Dasher, a real-world replica of the retro-futuristic keyboard featured on the Apple TV+ series.