Swimming pool manufacturers in the US are slashing their profit outlooks for the year even as July was

Kai Cenat is known for the highest number of followers on the platform, but he was also banned five times

LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Jun 8, 2023--

By Joyce Lee SEOUL (Reuters) -Shares in South Korea's Doosan Robotics soared above their initial public offering (IPO) price in

By Suzanne McGee Investment manager Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures

Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify, Terminal. Three months into the writers’ and

VISSENBJERG, Denmark--(BUSINESS WIRE)--May 9, 2023--

Electric vehicle manufacturer Tesla is reportedly under a federal investigation over a mysterious project that might involve the construction of a “glass house” for its chief Elon Musk. Federal authorities are probing whether the EV company’s funds were being used for Mr Musk’s own personal use, The Wall Street Journal reported, citing people familiar with the matter. The US attorney’s office in New York has sent subpoenas to current and former employees at Tesla, asking information about the company’s purchase of hard-to-get construction materials, and investigating whether the project involved appropriate use of the EV-maker’s funds, according to Bloomberg. The strange project appears to be for a “dramatic glass-walled building” close to Tesla’s Texas headquarters, the Journal noted. Prosecutors are also reportedly reviewing Tesla’s 2022 purchase order for a construction material – “a special kind of glass”. But a mere investigation by federal agencies does not mean there is likely any criminal or civil proceedings ahead, as officials sometimes start inquiries that can lead to dead-ends. It also remains unclear if the project is still under work, or if any construction material was ever delivered. Tesla has not immediately responded to The Independent’s request for comments. Mr Musk has previously expressed interest in building a “utopia” in Texas, constructing a whole new town from scratch on thousands of acres of farmland Tesla bought outside the state capital Austin. In March, the Tesla titan attended meetings with land owners and real estate agents, where he and his staff outlined his ideas for the project, The Independent reported. Mr Musk reportedly wants his staff around Austin – including employees at SpaceX, Tesla and the Boring Company – to be able to live in new homes for rents below market value. Local court documents filed in January also show plans to build over 100 homes near “Snailbrook” – a reference to the Boring Company mascot “Gary the Snail.” A town needs at least 201 residents and approval from a county judge to be incorporated, according to Texas law. Documents also reveal further plans to build 110 more homes in the planned town “Project Amazing”. Read More Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’ Meta could finally launch Threads feature everyone is waiting for Musk admits X may be doomed to fail as glitch wipes out old pictures from Twitter Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’ ‘San Francisco will end up like Detroit’: Why Elon Musk and tech CEOs are fighting lawsuit on homeless crisis Elon Musk’s SpaceX sued over allegations of hiring discrimination

Threads, Meta's challenger to depose Twitter as the go-to platform for celebrities, companies and governments, is now available on the web as it seeks...

Black holes are the most confusing things out there in the universe and no-one really knows what they are – at least, that’s our very basic grasp of it. Now, though, a new study has posited a theory that black holes are structures created by unseen cosmic dimensions - or topological stars. And just to make it a little more confusing, these topological stars exist purely in the hypothetical realms of mathematics. Researchers at Johns Hopkins University have been exploring string theory, which posits that particles in the universe are actually tied to extra (hidden) dimensions through vibrating strings. Sign up to our free Indy100 weekly newsletter According to their findings, hypothetical topological stars could exist for real in the universe and they’re essentially formations of nothing which could appear in space. The study finds that topological stars would appear “remarkably similar to black holes in apparent size and scattering properties, while being smooth and horizonless”. The study, which was published in Physical Review D, found that these stars which until now have only existed in hypothetical form, look an awful lot like the black holes out in the universe. “String theory is a theory that reconciles quantum physics and gravity into a quantum gravity theory,” study leader Pierre Heidmann said. Speaking to Motherboard, he said: “Usually when you have a new theory like that, you have new degrees of freedom that come with it, and you can try to see what new fundamental objects can arise from that.” Co-author of the study Ibrahima Bah added: “It’s an interesting question to ask: Are there things other than a black hole [that] will give you a hint about what new physics could look like?” “But before you get there, you need to know how to tell whether you have a black hole or not, and to do that you have some prototype examples of things that are not black holes to be able to compare." As ever, black holes remain the most mysterious, and the most fascinating things out there. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

TOKYO--(BUSINESS WIRE)--May 17, 2023--

Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike.