DAVID HAMILTON

Business reporter

Hamilton is an Associated Press business and technology reporter based in San Francisco.

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.

FILE - Google logos are displayed when searched for Google in New York, Sept. 11, 2023. Google said it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables. It is part of a broader push to integrate artificial intelligence more broadly throughout the company. (AP Photo/Richard Drew, File)

Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI

Google says it will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables.

FILE - Boeing employees walk the new Boeing 787-10 Dreamliner down towards the delivery ramp area at the company's facility after conducting its first test flight at Charleston International Airport, Friday, March 31, 2017, in North Charleston, S.C. A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying safety concerns about the company’s aircraft. The panel has summoned Boeing's CEO, Dave Calhoun, to a hearing next week where a company engineer, Sam Salehpour, is expected to detail safety concerns about the manufacture and assembly of Boeing’s 787 Dreamliner. (AP Photo/Mic Smith, File)

Congress summons Boeing’s CEO to testify on its jetliner safety following new whistleblower charges

A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying concerns about the airworthiness of the company’s aircraft.

FILE - Jacques Elsair shops at a 99 Cents Only Store, on Sept. 8, 2008, in Los Angeles. California-based 99 Cents Only Stores announced it will close all 371 of its outlets effective Friday, April 5, 2024, the company said, ending a 42 year retail run of selling nothing but items priced just under a dollar. (AP Photo/Nick Ut, File)

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain’s 42-year run of selling an assortment of bargain-basement merchandise.

FILE - Disney chief executive Bob Iger arrives at the 96th Academy Awards Oscar nominees luncheon on Feb. 12, 2024, in Beverly Hills, Calif. During the company's annual shareholder meeting Wednesday, April 3, 2024, investors will decide whether to back Iger, or grant two board seats to activist investor Nelson Peltz and his Trian Partners. (Photo by Jordan Strauss/Invision/AP, File)

Disney shareholders back CEO Iger and rebuff activists who wanted to shake up the company

Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.

FILE - Psychology professor Daniel Kahneman, left, a U.S. and Israeli citizen based at Princeton University, and his wife Anne Treisman, also a psychology professor at the university, have champagne following a news conference at the school in Princeton, N.J., to give his reaction to winning the Nobel prize in economics, Oct. 9, 2002. Kahneman died Wednesday, March 27, 2024, at the age of 90. (AP Photo/Daniel Hulshizer, File)

Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90

Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, has died.

FILE - Tesla and SpaceX's CEO Elon Musk looks on, during an in-conversation event with Britain's Prime Minister Rishi Sunak at Lancaster House in London, Thursday, Nov. 2, 2023. Former CNN reporter Don Lemon mixed it up with Musk in an interview Lemon posted on Musk's X social network Monday, March 18, 2024. (AP Photo/Kirsty Wigglesworth, Pool, File)

4 things to know from Elon Musk’s interview with Don Lemon

Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday.

FILE - Turner Broadcasting Chairman and President Ted Turner, left, and Time Warner Chairman and CEO Gerald Levin pose for photographers prior to a news conference at the Time Life Building, Friday, Sept. 22, 1995, in New York. Levin, who led Time Warner Media into a disastrous $112 billion merger with the internet provider America Online, died Wednesday, March 13, 2024. He was 84. (AP Photo/Richard Drew, File)

Gerald Levin, the former Time Warner CEO who engineered a disastrous mega-merger, is dead at 84

Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84.

FILE - Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, Wednesday, March 13, 2024. Musk abruptly canceled “The Don Lemon Show,” a talk show on the social network X, after its former CNN anchor host recorded an interview with the billionaire for its first episode. (AP Photo/Ebrahim Noroozi)

Musk abruptly cancels ‘The Don Lemon Show’ on X after he sits for the program’s first interview

Elon Musk has abruptly canceled “The Don Lemon Show” a talk show on his social media network, X. The move to cancel the show came after the former CNN anchor Lemon recorded an interview with the billionaire for the show’s as-yet unaired first episode.

FILE - A street sign is seen in front of the New York Stock Exchange in New York, Tuesday, June 14, 2022. AP Photo/Seth Wenig, File)

Reddit is preparing to sell shares to the public. Here’s what you need to know

Reddit, that vast, lively and sometimes chaotic repository of internet discussion, said that its pending initial public offering may be worth almost three quarters of a billion dollars.

FILE - An Uber sign is displayed inside a car in Glenview, Ill., Saturday, Dec. 17, 2022. Consumers will pay more for that airline flight or willing to fork out more for a ride on Uber during rush hour. But a big shopper backlash to media reports this past week that fast-food chain Wendy’s had plans to increase prices during the busiest time at its restaurants clearly showed that consumers don’t want basic food items like hamburgers and shakes going up and down(AP Photo/Nam Y. Huh, File)

Surge in Wendy’s complaints exposes limits to consumer tolerance of unstable prices

A social media backlash to media reports that said fast-food chain Wendy’s had plans to increase menu prices during its busiest hours shows a limit to where, when and for what U.S. consumers will trade more cash for convenience.

Reddit strikes $60M deal allowing Google to train AI models on its posts, unveils IPO plans

Reddit has struck a deal with Google. The pact announced Thursday will allow the search giant to use posts from the online discussion site for training its artificial intelligence models and to improve products such as online search.

Taylor Swift arrives at the 66th annual Grammy Awards on Sunday, Feb. 4, 2024, in Los Angeles. (Photo by Jordan Strauss/Invision/AP)

Taylor Swift is demanding this college student stop tracking her private jet

When it comes to dealing with a Florida college student who uses public data and social media to track the private jets of billionaires, politicians and other celebrities, Taylor Swift apparently can’t just shake it off.

FILE - The app for Bluesky is shown on a mobile phone, left, and on a laptop screen, Friday, June 2, 2023, in New York. Bluesky, a Twitter-like social network championed by Twitter co-founder Jack Dorsey, has emerged from its cocoon and is now allowing anyone to create an account and join the service. Until Tuesday, Feb. 6, 2024, users needed an invitation to join the network, which typically meant hunting down an existing member and begging for an invite. That gave the site time to build out moderation tools and other features, it said. (AP Photo/Richard Drew, File)

Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up

The Twitter-like social network championed by Twitter co-founder Jack Dorsey has emerged from its cocoon and is now allowing anyone to create an account and join the service.

Meta CEO Mark Zuckerberg appears before the Senate Judiciary Committee's hearing on online child safety on Capitol Hill, Wednesday, Jan. 31, 2024 in Washington. (AP Photo/Jose Luis Magana)

A brief history of Mark Zuckerberg’s apologies

Mark Zuckerberg has accumulated a long history of public apologies, often issued in the wake of crisis or when Facebook users rose up against unannounced — and frequently unappreciated — changes in its service.

Microsoft profit soars 33% on AI, cloud-computing investments

Microsoft Corp. says that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology.

Microsoft Teams outage blocks access and limits features for some users

Microsoft Teams has experienced an outage that blocked access and limited features for some users. Outage tracker DownDetector indicated that the issue began around 11 a.m.

FILE - An Uber sign is displayed inside a car, May 15, 2020, in Chicago. The Biden administration will enact a new labor rule Tuesday, Jan. 9, 2024, that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for many in the U.S. workforce. (AP Photo/Nam Y. Huh, File)

New rule tightens worker classification standards; Uber, Lyft say their drivers won’t be affected

The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the U.S. workforce.

In this image taken from video, 13-year-old player named Willis Gibson reacts after playing a game of Tetris. Gibson, who in late December became the first player to officially “beat” the original Nintendo version of the game. By breaking it, of course. Technically, Gibson — aka “blue scuti” in the gaming world — made it to what gamers call a “kill screen,” a point where the Tetris code glitches, crashing the game. (Willis Gibson via AP)

13-year-old gamer becomes the first to beat the ‘unbeatable’ Tetris — by breaking it

The falling-block video game Tetris has met its match in 13-year-old Willis Gibson. In late December, he became the first player to officially beat the original Nintendo version of the game — by breaking it.

Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive

Walt Disney Co. has reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger.

FILE - The logos for streaming services Netflix, Hulu, Disney Plus and Sling TV are pictured on a remote control on Aug. 13, 2020, in Portland, Ore. Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney undisputed control of the streaming service. (AP Photo/Jenny Kane, File)

Disney to acquire the remainder of Hulu from Comcast for at least $8.6 billion

Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for at least $8.6 billion, a deal that will give Disney full control of the streaming service.

European privacy officials widen ban on Meta’s behavioral advertising to most of Europe

European privacy officials have widened a ban on Meta’s “behavioral advertising” practices to most of Europe.

FILE - A Ford dealership in Springfield, Pa., Tuesday, April 26, 2022. Ford reports earnings on Thursday, Oct. 26, 2023 (AP Photo/Matt Rourke, File)

Ford earnings fall short of estimates after it strikes a tentative deal with the United Auto Workers

Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates.

FILE - Lachlan Murdoch, left, and Rupert Murdoch attend the TIME 100 Gala in New York on April 21, 2015. Media magnate Rupert Murdoch is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years. He will become chairman emeritus of both corporations, the company announced on Thursday. His son, Lachlan, will control both companies. (Photo by Evan Agostini/Invision/AP, File)

Meet Lachlan Murdoch, soon to be the new power behind Fox News and the Murdoch empire

For Lachlan Murdoch, this has been a long time coming — assuming, that is, his moment has actually arrived.

FILE - Kanye West, known as Ye, watches the first half of an NBA basketball game between the Washington Wizards and the Los Angeles Lakers, March 11, 2022, in Los Angeles. Adidas CEO Bjørn Gulden said on a recent podcast that he didn't believe that Ye “meant what he said” when he made a series of antisemitic remarks in 2022. (AP Photo/Ashley Landis, File)

Adidas CEO doubts that Kanye West really meant the antisemitic remarks that led Adidas to drop him

Adidas CEO Bjørn Gulden said he doubts that Ye, the artist formerly known as Kanye West, “meant what he said” when he made a series of antisemitic and offensive remarks last year.

FILE - The lights of the state Capitol glow into the night in Sacramento, Calif., Wednesday, Aug. 31, 2022. California, which already has some of the strongest digital privacy laws in the U.S., is on the verge of handing consumers a major new tool to combat the sale and secret use of personal information they may never have agreed to share. Both houses of the state legislature have passed the Delete Act, which would establish a “one stop shop” where individuals could order hundreds of often shadowy data brokers to delete information such as their location history and financial details.(AP Photo/Rich Pedroncelli, File)

Imagine making shadowy data brokers erase your personal info. Californians may soon live the dream

California has some of the strongest digital privacy laws in the U.S. and is on the verge of handing consumers a major new tool to combat the sale and secret use of personal information they may never have agreed to share.

FILE - The new iPhone 14 smartphones are on display at an Apple Store at The Grove in Los Angeles, Friday, Sept. 16, 2022. Almost a week after the Apple faithful collectively gasped at the first evidence that the iPhone’s red “end call” button might soon be vacating its center position to take up residence one column to the right, it looks like it might have been mostly a false alarm. (AP Photo/Jae C. Hong, File)

OK, we can relax. The iPhone ‘hang up’ button might not be moving much after all

Almost a week after the Apple faithful collectively gasped at the first evidence that the iPhone’s “end call” button might soon be shifting upward and a column to the right, it looks like the whole thing might have been a false alarm.

HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low

HP Inc. has failed to shunt aside claims in a lawsuit that it disables scanners and other functions on its multifunction printers whenever the ink runs low.

Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing

Walt Disney CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.

ESPN strikes $1.5B deal to jump into sports betting with Penn Entertainment

Disney-owned ESPN has licensed its brand for use in a sports betting app, striking a deal in which it will receive $1.5 billion and other considerations from Penn Entertainment.