Buffett"s Berkshire dumps stake in General Motors as it builds cash
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June......»»
Number of religious "nones" has soared, but not number of atheists—social scientists want to know why
The number of individuals in the United States who do not identify as being part of any religion has grown dramatically in recent years, and "the nones" are now larger than any single religious group. According to the General Social Survey, religious.....»»
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues
Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share......»»
Rivian to report Q1 earnings as EV maker cuts costs, prepares new models
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year......»»
As business districts evolve post-pandemic, repurposing old or empty spaces should be on the drawing board
The COVID-19 pandemic and the hybrid work patterns it fostered have changed the way we think about office space, and central business districts in general. While fears of urban center "ghost towns" may have been premature, many cities around the worl.....»»
Warren Buffett’s Berkshire Hathaway sells 13% of its Apple shares
Warren Buffett’s Berkshire Hathaway offloaded around 13% of its Apple holdings in Q1 2024, the conglomerate revealed this weekend. Despite selling around 115 million shares, however, Buffett reaffirmed his commitment to AAPL going forward. Mean.....»»
Splunk Asset and Risk Intelligence accelerates security investigations
Splunk announced Splunk Asset and Risk Intelligence, a solution designed to power the SOC of the future by helping businesses streamline compliance, reduce cyber risk and eliminate the sources of shadow IT. This new addition builds upon Splunk’s ro.....»»
Warren Buffett has sold a lot of Apple stock so far in 2024
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.Warren Buffett [Berkshire Hathaway]Buffett is not a long-term investor in Apple —.....»»
Five-day work week builds work–life balance in construction
Construction workers typically work six days a week but research tracking a five-day work week in the industry shows flexibility is key to improving worker well-being, with minimal perceived impact on productivity......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
2024 Acura ZDX born from ‘good collaboration" with General Motors, chief engineer says
Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover hit the import brand's performance goals......»»
Carvana set to dig back into used-car market after latest quarter, analysts say
Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability......»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Two seconds of hope for fusion power
A fusion reactor in San Diego surpasses a limit on plasma density. Enlarge / The interior or the DIII-D tokamak. (credit: General Atomics) Using nuclear fusion, the process that powers the stars, to produce electricity o.....»»
NASA says Artemis II report by its inspector general is unhelpful and redundant
"The redundancy in the above recommendations does not help." Enlarge / Orion, the Moon, and Earth in one photo in December 2022. (credit: NASA) NASA's acting inspector general, George A. Scott, released a report Wednesd.....»»
NASA seems unhappy to be questioned about its Artemis II readiness
"The redundancy in the above recommendations does not help." Enlarge / Orion, the Moon, and Earth in one photo in December 2022. (credit: NASA) NASA's acting inspector general, George A. Scott, released a report Wednesd.....»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others......»»
Goldman in talks with Barclays on GM Credit Card deal, WSJ Says
Goldman Sachs Group Inc. is in discussions to transfer its General Motors Co. credit-card business to Barclays Plc. The British lender is the lead candidate to take over the credit card portfolio with about $2 billion in outstanding balances,.....»»
An inside look at General Motors’ massive gamble in ditching CarPlay
A little over a year ago, General Motors made what may well turn out to be one of its biggest gambles in many years: dropping support for CarPlay for all future EVs. To most of us, the decision seemed insane, likely to result in a huge number of l.....»»
Here’s your chance to own a decommissioned US government supercomputer
145,152-core Cheyenne supercomputer was 20th most powerful in the world in 2016. Enlarge / A photo of the Cheyenne supercomputer, which is now up for auction. (credit: US General Services Administration) On Tuesday, the.....»»