AutoNation Q4 net income slips 26% while revenue rises 1.7%
AutoNation's new-vehicle retail sales increased 4.3 percent in the quarter compared with the year-earlier period, but used-vehicle retail sales dropped 9.2 percent......»»
New model to enhance extreme rainfall prediction
New research by an international team of climate experts shows intense, localized, heavy bursts of rainfall can be caused by a rapid rise of air through clouds and proves that these rises in air can be forecast. The team has developed a unique, cutti.....»»
Labor or leisure? Why a universal basic income might foster well-being but not productivity
The current cost-of-living crisis, high interest rates and the ensuing economic contraction have disproportionately hit low-income households. And for many low-income workers, the future remains uncertain......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
iPhone 16 will lead Apple to record high $400 billion revenues in 2024
Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.Renders of the iPhone 16 rangeIt's estimated that when Apple was inc.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Nonprofits with investment income slower to recover from economic downturns, study shows
A recent study evaluates three decades of financial data from nonprofit organizations and finds that while the sector tends to bounce back quickly after periods of economic recession, some organizations bounce back more quickly than others. Specifica.....»»
Socioeconomics found to shape children"s connection to nature more than where they live
The income and education levels of a child's environment determine their relationship to nature, not whether they live in a city or the countryside. This is the finding of a new study published in People and Nature and conducted by researchers at Lun.....»»
Zoom calls aren"t going anywhere yet - and could soon get even more AI
Pandemic success and staying on trend when it comes to AI has kept Zoom’s revenue heading upward......»»
GM works to snuff out glitches as it eyes big software profits
GM believes software will be a huge revenue driver in the coming years, but resolving problems before vehicles launch and staying nimble have been challenges......»»
F&I data: Auto loan denial rate rises to 19%
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York's survey......»»
Study finds gun violence in rural America rises as deer hunting season begins
Across rural America, the increased presence of loaded guns in homes and vehicles could lead to a spike in gun injuries and homicides at the start of every deer hunting season, a new study warns......»»
How to install Fortnite on your iPad or iPhone outside of the European Union
Epic Games relaunched Fortnite in the EU a couple days ago, after a 4 year legal battle with Apple over the App Store’s 30% revenue cut. Apple announced changes to app distribution in the EU earlier this year, and Epic is finally taking advantage o.....»»
Crypto-linked cybercrime saw another record year as ransomware risk rises
Ransomware operators have earned more money in 2024 compared to last year as scam possibilites grow......»»
Video dominates mobile app revenue; TikTok coins reward live streamers
Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps. The most dramatic growth in earnings was.....»»
Alibaba sees revenue hit by caution in cloud space
News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race......»»
August"s supermoon kicks off four months of lunar spectacles. Here"s how to watch
The first of four supermoons this year rises next week, providing tantalizing views of Earth's constant companion......»»
DDoS attack volume rises, peak power reaches 1.7 Tbps
The total number of DDoS attacks during H1 2024 amounted to 830,000, an increase of 46% when compared to H1 2023, according to Gcore. Peak attack power rose from 1.6 terabits per second (Tbps) in H2 2023 to 1.7 Tbps. DDoS attacks hit Gaming, tech, fi.....»»
Sonos laying off 6% of employees ‘for long-term success’
Sonos announced layoffs of about 100 employees as the company weathers a continued software meltdown, and a major loss of revenue because of it......»»
Poverty premium on energy costs impacts poorer households
People living in poorer households are more likely to face higher energy costs than those who do not, a study shows. Those in low income households are more likely to pay more for their basic energy tariff and also incur higher costs per unit of ener.....»»