For those of you waiting to get your hands on Volkswagen’s new all-electric ID.7 sedan, you will have to wait (at least) a little longer. VW is delaying the ID.7 launch in the US as dealers express caution.
VW delays US-bound ID.7 as dealer concerns arise
Volkswagen opened orders for its new flagship ID.7 electric sedan last August in Europe, with prices starting around $62,000…
Archer Aviation finds a partner to commercialize eVTOL travel in Korea, demo flights coming in Q4
May 31, 2024
Electric Vertical Takeoff and Landing (eVTOL) aircraft developer Archer Aviation is continuing to lay the global groundwork for commercial operations in a new territory: South Korea. The next-generation aircraft specialist has announced a new partnership with Korea’s…
Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case.
In a new letter, Chancellor Kathaleen McCormick, the judge who canceled Elon Musk’s $55 billion compensation package after…
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, the judge granted the SEC’s motion to…
TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains – Market Updates Bitcoin News
May 31, 2024
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging…
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for…
Xbox has released its fourth Transparency Report, in which it details its efforts to protect players and what countermeasures it’s using to stave off toxicity and harmful elements. According to Xbox, it has invested in “the responsible application of AI” to help improve detection. The report also reveals how the company’s recently launched safety tools are working for the community…
Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak results.
However, the company’s stock price has fallen 27.36% in trading to $28.32 a share this morning due to a weak financial…
Video game publisher Electronic Arts forecasted full-year bookings for the coming year that fell below Wall Street’s expectations.
The company’s forecast fell short of analyst expectations for the fiscal year ending March 31, 2025. The midpoint of EA’s forecast range…
A federal court awarded a $14.4 million judgment to Activision Publishing in its lawsuit against EngineOwning UG, Garnatz Enterprise Ltd, and 11 individuals.
U.S. District Court Judge Michael W. Fitzgerald in California issued the default judgment against the defendants. The judge held them liable for $14.465 million in statutory damages and $292,912 in attorneys’ fees.
The individuals named…
