AutoNation, Sonic likely to be hardest hit on Q2 earnings by CDK cyberattacks
Both the second- and sixth-largest dealership groups in the U.S. use CDK's dealer management system at all stores......»»
AI is creating a new generation of cyberattacks
Most businesses see offensive AI fast becoming a standard tool for cybercriminals, with 93% of security leaders expecting to face daily AI-driven attacks, according to Netacea. Offensive AI in cyberattacks The research, “Cyber security in the age o.....»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
Top 5 stories of the week: GM, Ford and Tesla earnings; lowest-cost EVs
A quick look at the week's top automotive stories.....»»
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......»»
Pretax charges drop Sonic Automotive"s Q1 net income
The company said $7 million in pretax charges contributed to a 12 percent dip in first-quarter net income......»»
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......»»
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.....»»
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......»»
Supporting the future of Mars exploration with supercomputers
You may have flown a flight simulator in a computer game or at a science museum. Landing without crashing is always the hardest part. But that's nothing compared to the challenge that engineers are facing to develop a flight simulation of the very la.....»»
Internet can achieve quantum speed with light saved as sound
Researchers at the University of Copenhagen's Niels Bohr Institute have developed a new way to create quantum memory: A small drum can store data sent with light in its sonic vibrations, and then forward the data with new light sources when needed ag.....»»
Sonic Dream Team’s next free update adds a new zone and ranking system
Sonic Dream Team is getting a free major update this week as developer Sega Hardlight continues its support for the mobile title following layoffs......»»
Security Bite: Annual cost of cybercrime to hit $9.2 trillion in 2024
Cybercrime is on an unprecedented rise. A new Statista Market Insights survey predicts that the annual cost of cyberattacks will reach $9.2 trillion this year. The figure surpasses even the revenues of some of the largest corporations in the world. M.....»»
Unfortunately, a surprise million-dollar App Store windfall for some developers is a bug
Some developers had an exciting morning, as a bug in App Store Connect misreported millions in earnings from apps in the App Store for a while.App Store ConnectApp Store Connect provides developers with analytics and figures relating to apps submitte.....»»
International Monetary Fund warns cyberattacks could trigger bank runs
The damage of cyberattacks is only increasing, and geopolitical tensions are not helping......»»
CarMax"s market share prospects in focus ahead of Q4 earnings
CarMax, of Richmond, Va., reports earnings Thursday for the fiscal quarter and year ended Feb. 29......»»