Snap, Snapchat’s parent company, reported its second consecutive drop in quarterly revenue on Tuesday as it continued to struggle to bring in more ads. The social media company reported revenue of $1.07 billion for the second quarter, down 4 percent from a year earlier. In April, Snap reported a 7 percent year-over-year revenue decline, the … Read more
United Parcel Service announced on Tuesday that it has reached a preliminary agreement on a five-year contract with the union representing more than 325,000 of its U.S. workers, a major step in averting a potential strike when the current agreement expires August 1. “Together, we have reached a win-win-win agreement on the issues that matter … Read more
A fleet of robotic ships bob gently in the warm waters of the Persian Gulf, somewhere between Bahrain and Qatar, perhaps 100 miles off the coast of Iran. I stand on the nearby deck of a US Coast Guard speedboat and peer at what I understand is the port side. On this morning in early … Read more
General Motors is investing tens of billions of dollars to produce a slew of new electric vehicles and hopefully catch up with Tesla. But the automaker looks a long way from meeting those ambitious goals. This year it is struggling to produce a new type of electric car battery pack intended for the electric vehicles … Read more
“The armed forces and the startup communities are different worlds,” said Nataliia Kushnerska, project leader of Brave1. “In this project, everyone gets what they need. The General Staff and the Ministry of Defense receive very nice solutions that they can really get to work with. The Ministry of Economic Affairs will have a growing ecosystem, … Read more
A Senate committee is investigating whether the $158 million billionaire investor Leon Black paid disgraced financier Jeffrey Epstein for tax and estate planning services should have been classified as a gift, as part of a broader investigation into tax evasion by high-net-worth individuals, according to a letter reviewed by The New York Times. In addition … Read more
Russia first attacked a port on the Danube River in Ukraine on Monday, close to the Romanian border, Ukrainian and Romanian officials said. They destroyed a grain shed in an escalation of their efforts to cripple Kiev’s agriculture and risk a more direct confrontation with the United States and its European allies. The attack on … Read more
The incongruous duo of “Barbie,” a bright pink comedy romp, and “Oppenheimer,” a brooding period drama, combined to sell far more movie tickets than expected over the weekend, pushing its total domestic box office to $311 million, according to Box Office Mojo, an online database. It was the largest weekend haul in North America since … Read more
The last time Elon Musk threw the bird at his users, it was to change the Twitter logo to a grinning Shiba Inu – a hilarious inside joke that boosted the value of the dogecoin cryptocurrency, in which Musk was an investor, by 30 percent. A class action is still pending. Over the weekend, the … Read more
The Internal Revenue Service said Monday it would immediately curb the practice of sending agents to make surprise visits to homes and businesses, scaling back a policy that has been central to its efforts to collect unpaid taxes for decades amid political backlash and mounting threats to its employees. The change comes as the IRS … Read more
