CarMax"s Q2 net income rises 12%, revenue falls less than 1%
CarMax said it retailed 211,020 used vehicles in its second fiscal quarter, up 5.1 percent year over year. Same-store used-vehicle retail sales rose 4.3 percent......»»
Inventory rises to three-year high
New-vehicle inventory levels in the United States climbed by 200,000-plus vehicles in December to more than 2.7 million, the highest in three years, according to data from Cox Automotive......»»
FCC plans shutdown of Affordable Connectivity Program as GOP withholds funding
FCC must start winding down low-income program as Congress fails to add money. Enlarge / FCC Chairwoman Jessica Rosenworcel at the National Press Club on September 19, 2022. (credit: Getty Images | Tom Williams ) The Fe.....»»
Fitness Trackers Statistics 2024 – By Market Revenue, Types, Region, Segmentation, Demographics, Apps, Shipments and Brands
Introduction Fitness Trackers Statistics: As of reports, the global […] Introduction Fitness Trackers Statistics: As of reports, the global market size of fitness trackers is expected to reach around $182.90 billion by the end of 2030.....»»
Death toll from western Japan earthquakes rises to 126 as rain and snow imperil already shaky ground
Aftershocks threatened to bury more homes and block roads crucial for relief shipments, as the death toll from the earthquakes that rattled Japan's western coastline this past week rose to 126 on Saturday......»»
East Coast land continues to collapse at a worrying rate
It's steadily sinking or subsiding, which is destabilizing levees, roads, and airports. Enlarge / Lower Manhattan and One World Trade Center in New York City are reflected on a monument as the sun rises on December 22, 2023, as s.....»»
Car dealers get more time to file U.S. EV tax credit paperwork
U.S. car dealers will have more time to report sales of electric vehicles that qualify for federal tax credits that they are offering directly to customers, the Internal Revenue Service announced......»»
Consumer group wants to end $255M “gift card loophole” for Starbucks and others
Changes to Washington's gift card laws could affect cardholders nationwide. Enlarge / Starbucks' Rewards programs are a key part of their revenue. How the company deals with unspent amounts in that app could change under new Wash.....»»
Foxconn expects Q1 revenue drop as iPhone demand falls
Apple's largest manufacturer says that Q4 2023 revenues for all of its business, including the iPhone, declined 5.4% year on year, and that it believes a slowing demand will also impact Q1 2024.Back in August 2023, Foxconn reported that its profits c.....»»
Microsoft poised to overtake Apple as most valuable company
As Microsoft stock rises and Apple's falls over analysts expectation of slowing iPhone demand, the two firms are once more within $100 billion of each other — the smallest gap in over two years.Credit: MicrosoftApple and Microsoft have a long histo.....»»
Rocket Report: SpaceX’s record year; Firefly’s Alpha rocket falls short
Living downrange from one of China's launch sites sure doesn't seem safe. Enlarge / Firefly Aerospace's fourth Alpha rocket lifted off December 22 from Vandenberg Space Force Base, California. (credit: Firefly Aerospace/Trevor Ma.....»»
Mobileye shares plunge as full-year revenue forecast falls far short
Mobileye shares tumbled 24 percent in early trading after the Israeli autonomous driving technology maker gave a full-year revenue forecast that fell well short of Wall Street’s expectations......»»
Apple"s rumored buy of Peloton ignores giant factors weighing against it
Investment firm Deepwater Asset Management is guessing that Apple will buy Peloton in the short term to boost subscription revenue — but the prediction ignores a few key factors why Apple probably isn't interested.A Peloton exercise bikeNo more tha.....»»
Mobileye plunges as full-year revenue forecast falls far short
Mobileye Global Inc. shares tumbled more than 30 percent in premarket trading after the Israeli autonomous driving technology maker gave a full-year revenue forecast that fell well short of Wall Street’s expectations......»»
Tesla falls behind BYD in quarterly EV sales as growth slows
BYD passed Tesla to become the new No. 1 in BEVs in the fourth quarter, although Tesla was still ahead in full-electric vehicle deliveries for the year......»»
UK eBay and Airbnb sellers could have app sales data sent to tax office
Sellers on eBay, Airbnb, and others in the UK may soon face some interest from the country's tax body, with digital platforms now obliged to report the financial details of some users to Her Majesty's Revenue and Customs.Online selling has become a h.....»»
2023 Apple stock growth lags behind competitors, longest revenue decline in two decades
Today marks the last day of trading for 2023. While AAPL saw a 54% gain for the year, the performance is put in perspective when looking at its competitors and peers. Here’s a look at the revenue declines Apple has seen and how it could turn things.....»»
AI software market to hit $307 billion by 2027
The worldwide revenue for AI software will reach $307 billion in 2027, according to IDC. The forecast for AI-centric software includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Dev.....»»
GM blasts San Francisco in lawsuit over $108 million tax bill
GM contends San Francisco used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue......»»
In quest to prevent debilitating traumatic brain injuries, new foam material rises to the top
From falls to football tackles, most blows to the head occur at odd angles. And those impacts trigger simultaneous linear and rotational head motions. The rotating movement in particular causes shear strain, which is especially damaging to the brain......»»
Social media platforms generate billions in annual ad revenue from US youth: Study
Social media platforms Facebook, Instagram, Snapchat, TikTok, X (formerly Twitter), and YouTube collectively derived nearly $11 billion in advertising revenue from U.S.-based users younger than 18 in 2022, according to a new study led by Harvard T.H......»»