As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings
To better understand what's going on with the companies hoping to help you finance your next mistaken purchase, let's check out earnings results from Klarna, Afterpay and Affirm. As the e-commerce market grows, startups are racing to help o.....»»
GM to include EVs, software, Cruise in salaried employees" bonuses
For 2024, 60 percent of salaried employees' bonuses will come from earnings before interest and taxes and free cash flow, while 40 percent will come from EVs, software and services and Cruise, has learned......»»
Lithia Motors downplays $50B 2025 revenue target, stresses earnings per share growth
Lithia Motors Inc. CEO Bryan DeBoer is downplaying his dealership group's goal to reach $50 billion in revenue by 2025 and is focused more on another benchmark......»»
Lucid says Q4 net losses widen to $654 million, predicts stagnant production
The EV maker said its full-year 2023 net loss was $2.83 billion compared with 2022's net loss of $1.3 billion. Its stock price fell sharply after the disappointing fourth-quarter earnings report......»»
Researcher: A long voyage to Mars in a confined space could raise stress levels and make the journey more challenging
Within the next few decades, NASA aims to land humans on the moon, set up a lunar colony and use the lessons learned to send people to Mars as part of its Artemis program......»»
10 cybersecurity startups to watch in 2024
At Help Net Security, we’ve been following the cybersecurity business landscape closely for the past 25 years. Through our Industry News section, we’ve been tracking the pulse of the cybersecurity world, bringing you product news from com.....»»
Visteon Q4 earnings, net income soar amid tax credit
Visteon's earnings soared in the fourth quarter amid a $313 million U.S. tax benefit and a rise in new business ventures......»»
Rivian and Lucid to report Q4 earnings as the once-hot startups face cooling EV demand
Rivian and Lucid cut vehicle prices in February even as both burn through cash. The startups once had higher market valuations than GM or Ford but are now worth a small fraction of their market peaks......»»
Audi union in Mexico agrees to salary hike, ending strike
The vote passed with 66.3 percent of employees backing the raise, Mexico's labor ministry said......»»
Economists have proposed a $100 billion-a-year fossil fuel tax: A debate Australia should embrace
Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation's fossil fuel production. They claim it could raise A$100 billion in its first year and posit.....»»
Xbox and Embracer’s mass layoff explanations aren’t good enough
Embracer Group CEO Lars Wingefors and Microsoft Gaming CEO Phil Spencer both commented on layoffs at their companies, but their responses raise questions......»»
UAW strike dinged supplier earnings, but worst-case scenarios were dodged, Q4 reports show
Major suppliers were largely able to absorb the financial impact of the UAW strike and avoid the worst-case scenarios many feared in the lead-up to the work stoppage, but challenges persist......»»
Lucid cuts U.S. prices, joining Rivian and Tesla as EV startups face easing demand
Lucid's base Air sedan gets a $7,500 reduction, now starting at $71,400 with shipping. The move comes after a $3,100 price cut on base Rivian models and a $1,000 discount on some Tesla Model Y trims......»»
How Tech Giants Turned Ukraine Into an AI War Lab
AI tools provided by companies like Palantir raise questions about when and how invasive tech should be used in wartime Early on the morning of June 1, 2022, Alex Karp, the CEO of the data-analytics firm Palantir Technologies, cross.....»»
Lyft’s CEO says ‘my bad’ on margin error, ‘it was one zero’
Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.”.....»»
Lithia net income down 13%, revenue at record $7.7 billion in Q4
Lithia Motors Inc. Q4 2023 earnings: Car dealership group reached a record $7.7 billion in revenue but saw net income fall to $216 million......»»
Magna Q4 earnings surge despite UAW, EV production headwinds
Magna International Inc., the largest North American parts supplier, on Friday said its fourth-quarter net income surged 185 percent to $271 million from a year earlier thanks to steadier global new-vehicle production......»»
BorgWarner Q4 earnings, revenue improve, but EV pullback raises concerns
BorgWarner's earnings fell short of expectations, leaving investors with questions about the supplier’s exposure to EV programs......»»
Politically conservative CEOs found to think differently about transparency
As a purely voluntary form of disclosure, management earnings forecasts may tell us as much about the managers themselves as about their company's financial future. All sorts of personality traits may influence the content and cadence of forecasts, b.....»»
EV pullback hits BorgWarner revenue, earnings
Supplier BorgWarner's Earnings fell short of expectations, leaving investors with questions about the supplier’s exposure to EV programs......»»
Roblox sees Apple Vision Pro as "an interesting candidate" for expansion
During its quarterly earnings call, Roblox's CEO hinted at the possibility of expanding the game to the Apple Vision Pro and expressed the company's desire to have "Roblox everywhere."Roblox sees Apple Vision Pro as 'an interesting' place to expandRo.....»»