As buy-now-pay-later startups keep raising capital, a dive into Klarna, Afterpay and Affirm’s earnings
The BNPL space is flush with consumer interest but not yet awash in profits as major players battle one another for global spend share with a glut of smaller startups hot on their heels. Venture capitalists continue to fund buy-now-pay-late.....»»
5 defining moments from Tesla"s Q1 earnings
Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Impact investing in Paris suburban "banlieue" neighborhoods: Untapped social and economic potential
From July to August, Paris will host the 2024 Olympic games. However, once the athletes and spectators have packed up and left, the Games will leave behind a lasting social impact on the run-down neighborhoods on the outskirts of the French capital......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
BforeAI raises $15 million to stop attacks before they occur
BforeAI has secured $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City. BforeAI autonomously.....»»
Startup financing gender gaps greater in societies where women are more empowered: Study
Commercial bankers provide capital to fund the operations and growth of businesses. However, as these lenders evaluate entrepreneurs who apply for loans, gender bias leads to women being denied more often than their male counterparts......»»
Vroom CEO: ‘Gut-wrenching" decision to end online used-car business
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible......»»
Prophet Security emerges from stealth and raises $11 million
Prophet Security emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors. At the core of the company’s unveiling is Prophet AI for Security Oper.....»»
GM posts higher Q1 profit, ups 2024 financial guidance
GM said it raised its full-year earnings guidance and set a first-quarter record for North American revenue......»»
Tesla cuts Full Self Driving cost by 1/3 ahead of earnings call
With the Model 2 cancelled, FSD is more important to Tesla than ever. Enlarge / Tesla's "Full Self Driving" system just got a third cheaper. (credit: Edie Leong for The Washington Post via Getty Images) Tesla has dropped.....»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report; broad price cuts launched
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Tesla"s Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls......»»
Malians struggle to cope after deadly heat wave
In Mali's capital Bamako, Aboubacar Pamateck runs a scarf under a trickle of water and wraps it around his head to cope with the West African nation's soaring heat......»»
"Harvesting data": Latin American AI startups transform farming
For centuries, farmers used almanacs to try to understand and predict weather patterns......»»
Password crackdown leads to more income for Netflix
Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead. Enlarge (credit: Bloomberg) Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings.....»»
Netflix Gained More than 9 Million Subscribers for Q1 2024
New data from Netflix's reported earnings show that it gained 9.33 million paid subscribers for Q1 2024 alone. The post Netflix Gained More than 9 Million Subscribers for Q1 2024 appeared first on Phandroid. Netflix is in an interesting sp.....»»
New $129 Moto Buds+ tap Bose for boom and Dolby for head tracking
The Moto Buds+ look to be a perfect pair when paired with Motorola's Edge 50 series of phones, with Bose and Dolby Atmos raising the stakes......»»
Volcano erupts in Indonesia, alert level raised to highest
A volcano erupted several times in Indonesia's outermost region Wednesday, with authorities raising the alert level to its highest point after the dome spewed a column of smoke more than a mile into the sky and forced hundreds to evacuate......»»
5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»
iPhone 16 Pro might have twice the storage for the same price
A few new reports say Apple might double the storage of the iPhone 16 Pro without raising prices. If true, Cupertino would offer both iPhone … The post iPhone 16 Pro might have twice the storage for the same price appeared first on BGR......»»