Monthly Archives: August 2022

Student loan borrowers won’t face a surprise tax bill after debt forgiveness

Flanked by Senate Majority Leader Chuck Schumer (D-NY) and Rep. Ilhan Omar (D-MN), Sen. Elizabeth Warren (D-MA) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 in Washington, DC. Drew Angerer/Getty Images On Wednesday, President Joe Biden announced student loan cancellation for some borrowers. Some student loan holders…

Tesla has 21% upside potential after stock-split takes effect as China production volume ramps up, Wedbush says

Mike Blake/Reuters Tesla could surge 21% as it benefits from increased volume production at its China factory, Wedbush analyst Dan Ives said.Ives set a new $360 price target to reflect the company’s 3-for-1 stock split that went into effect today.“Demand is not the problem for Tesla, but supply has been and is now clearly on…

Billionaire investor John Doerr regrets passing on Elon Musk’s Tesla, reflects on his early Amazon and Google bets, and trumpets climate tech in a new interview. Here are the 6 best quotes.

John Doerr. AP/Matt Rourke John Doerr discussed his early wagers on Amazon and Google in a recent interview. The billionaire venture capitalist expressed regret that he passed on Elon Musk’s Tesla. The Kleiner Perkins chairman trumpeted the rich potential of the climate-technology space. John Doerr reflected on his early investments in Amazon and Google, and…

‘Umbrella Academy’ creator Steve Blackman is adapting ‘Horizon Zero Dawn’ for Netflix

Sony revealed a few months back that a Netflix show based on Horizon Zero Dawnwas in development and now we have a few more details. Steve Blackman, the creator and showrunner of The Umbrella Academy, has re-upped his deal with Netflix and is working on the adaptation. Blackman said the game’s protagonist, Aloy, will be…

Warhammer 40,000 Darktide preview: One Hell of a job

There’s always room for a little co-op action in the world of gaming. After its traditional, fantasy-themed Warhammer: Vermintide games, developer Fatshark is turning to the world of Warhammer 40,000 next. And, we’ve gone hands-on at Gamescom 2022.  Plus ça change  Darktide transplants more of the same gory and chunky combat from Vermintide’s quasi-medieval setting…

Nvidia blames “challenging market conditions” for Q3 forecast misses

Graphics card maker Nvidia is also feeling the sting of the current economic climate. Its recent financial report revealed the company fell short of Wall Street’s Q3 expectations, blaming “challenging market conditions” for this setback (via CNBC). Two weeks ago, Nvidia predicted it would not meet Wall Street’s finacial estimates, commenting that it had seen…

Microsoft Flight Simulator 40th Anniversary Edition details have landed

More details about the 40th Anniversary Edition of Microsoft Flight Simulator have been released to celebrate the return of Gamescom. Previously, a few of the aircraft to appear in it were confirmed for the special edition during the Xbox Showcase back in June. Meanwhile, the game’s first ever city update, available from today, is detailed…