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......»»
"Just the rich can do it": Research shows how immigration income requirements devastate families
The government has announced a host of new restrictions aimed at cutting net migration to the UK. Headline announcements include increasing the salary requirements for skilled foreign workers from £26,200 to £38,700, and banning health and care wor.....»»
iPhone assembler Foxconn expects strong sales for the holiday quarter
iPhone assembler Foxconn had already predicted “significant growth” during the holiday quarter, but now says that October and November have been even stronger than expected. The company told investors that its November revenue hit T$650 billio.....»»
Don’t count on NASA to return humans to the Moon in 2025 or 2026, GAO says
No surprise: SpaceX's lunar lander and Axiom's spacesuits pace the Artemis III schedule. Enlarge / A crescent Earth rises over the horizon of the Moon in this view from NASA's Orion spacecraft on the unpiloted Artemis I test flig.....»»
Flexible parental leave among immigrant mothers can promote integration
Mothers who took parental leave part-time or for shorter periods were more likely to engage in income-generating activities or pursue education. A new study uncovers surprising patterns in parental leave usage among newly arrived migrant women in Swe.....»»
Supplier AMS Osram refocuses on automotive lighting in turnaround plan, CEO says
Austrian lighting and sensor supplier AMS Osram sees increased revenue from advanced LED technology as one of the key pillars of its financial turnaround, its CEO said......»»
Money to burn: Wealthy, white neighborhoods losing their heat shields
White, wealthy neighborhoods in the LA area are about to start feeling the same heat that has plagued poorer, Hispanic neighborhoods for generations. A new study shows the protective effect of income has largely eroded over the past 40 years, as land.....»»
Study reveals the real tax rate paid by multinational corporations in 47 countries
Despite a similar statutory tax rate for multinational corporations (MNCs) across many countries, the effective tax rate that MNCs actually pay differs greatly—as low as 1% of gross income in Luxembourg and as high as 67% in Norway. That's one conc.....»»
Apple makes up less than 5% of Arm’s revenue, and Arm can’t do anything about it
Despite Apple’s reliance on Arm as the instruction set for iPhone chips, Arm earns less than 5% of its annual revenue from Apple. A new report details how this has been a heated point for Arm, especially now that the company is publicly traded and.....»»
Business metrics for Cisco Cloud Observability capability enables customers to protect revenue
Cisco announced new business metrics in Cisco Cloud Observability. Powered by the Cisco Observability Platform to enhance business context for modern applications running on AWS. This latest release also supports integration with AWS services and app.....»»
Big brands keep dropping X over antisemitism; $75M loss, report estimates
Creators worried advertisers dropping X could hurt revenue-sharing payouts. Enlarge (credit: Pool / Pool | Getty Images Europe) The latest advertiser fallout on X, the platform formerly known as Twitter, could end up cos.....»»
How minimum wage rises will affect the early years education and childcare sector
The early years sector—nurseries and childminders who offer services to children under the age of five—waited expectantly for news of investment in the UK chancellor's recent autumn statement. But this was not delivered, even though Jeremy Hunt p.....»»
Most unmarried, low-income couples show positive co-parenting
Despite the many challenges they face, slightly more than half of unmarried low-income couples with children have positive co-parenting relationships, a new study found......»»
Super high energy particle falls to Earth; its source a mystery
Researchers have detected one of the highest-energy particles ever falling to Earth. And no one knows where it came from......»»
Nvidia’s GeForce GPUs are selling well, but its AI GPU sales are ridiculous
Data center revenue is up 279% from the same quarter last year. Enlarge / Nvidia's AI-accelerating GPUs are driving its revenue numbers to new heights. (credit: Nvidia) Most Ars readers still probably know Nvidia best fo.....»»
iPhone US average sales price drops two quarters in a row – CIRP
While Apple reported record iPhone revenue for its September quarter this year, a new report today from CIRP says that the average iPhone sales price in the US is seeing a downward trend. Here’s how it’s moved over the recent months and years......»»
Nvidia’s earnings are up 206% from last year as it continues riding the AI wave
Data center revenue is up 279% from the same quarter last year. Enlarge / Nvidia's AI-accelerating GPUs are driving its revenue numbers to new heights. (credit: Nvidia) Most Ars readers still probably know Nvidia best fo.....»»
Mary Barra"s $280 billion goal confronts a litany of GM hurdles
The resignation of Cruise's CEO was a remarkable setback for a company that just two years ago was projected to bring in $50 billion in revenue by 2030. Now, GM CEO Mary Barra is pulling back on growth plans for the unit to make sure the cars are saf.....»»
Climate conspiracy theories flourish ahead of COP28
Climate conspiracy theories are flourishing with lifestyle influencers joining in the misinformation war and scientists hounded on social media, researchers say, as pressure rises on leaders at the COP28 summit......»»
Researchers improve magnets for computing
As demand rises for increased data storage and faster-performing computers, researchers are creating a new generation of materials to meet consumers' expectations......»»
Apple Music fraud falls by 30% after beefing up protections
Apple Music fraud has fallen by 30% in the past year, says a new report, after the company implemented stronger protection against so-called streaming manipulation. The most obvious example of streaming fraud is where a musician uses a network of.....»»