Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 49%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares rose 49 percent in afternoon trading......»»
WeRide files for biggest U.S. IPO by Chinese company since Didi
Chinese driverless technology startup won’t disclose the number and proposed price range for its American depositary shares until it’s ready to begin marketing them......»»
Pedro Pascal shares the first photo of The Fantastic Four cast
The cast of The Fantastic Four has assembled. Pedro Pascal shared a photo with his castmates Vanessa Kirby, Joseph Quinn, and Ebon Moss-Bachrach......»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Cybersecurity ROI: Top metrics and KPIs
In this Help Net Security interview, Karthik Swarnam, Chief Security and Trust Officer at ArmorCode, discusses key metrics and KPIs to measure cybersecurity ROI. Swarnam shares strategies for enhancing ROI through proactive measures and effective com.....»»
Alexa had “no profit timeline,” cost Amazon $25 billion in 4 years
WSJ report highlights vague metrics, internal struggles of Amazon Devices. Enlarge (credit: Getty) The Amazon business unit that focuses on Alexa-powered gadgets lost $25 billion between 2017 and 2021, The Wall Street Jo.....»»
Battery sales keep Tesla profitable in Q2 as EV sales still slumped
Tesla's status as a growth stock will require some explaining if this keeps up. Enlarge / Will investors care that Tesla's car sales and profit margins are shrinking, not growing? (credit: Karol Serewis/SOPA Images/LightRocket v.....»»
Mitsubishi pivots to North America as new profit engine as earnings dip
TOKYO — Mitsubishi, one of the smallest mass-market brands in the U.S., is getting bullish about North America with plans to enhance the local lineup with vehicle updates annually through 2030. The Japanese carmaker will introduce these new or u.....»»
Carvana"s used EV sales are up so far this year. Here"s a look at who"s buying them.
Emily Knoll, Carvana's senior director of inventory strategy, shared insights on retailer's second-quarter EV Trends Report......»»
GM ups guidance after posting 14% higher profit, record Q2 revenue
GM said it set records for global revenue, North American profit and North American revenue in the second quarter, by strong sales of pickups and SUVs......»»
Berkshire Hathaway divests more BYD shares, trims stake below 5%
Dropping below the 5 percent threshold means that Berkshire Hathaway is no longer obligated to disclose any further sales, or whether it exits its position altogether......»»
AI-powered optical detection to thwart counterfeit chips
The semiconductor industry has grown into a $500 billion global market over the last 60 years. However, it is grappling with dual challenges: a profound shortage of new chips and a surge of counterfeit chips, introducing substantial risks of malfunct.....»»
Update: Worldwide IT outage due to buggy Crowdstrike sensor configuration update
The world is 16+ hours into what looks like the biggest IT outage in history, triggered by a defective update for Crowdstrike endpoint security software for Windows machines. The price of both Crowdstrike’s and Microsoft’s shares has tumb.....»»
Update: Worldwide IT outage due to buggy Crowdstrike update
The world is 16+ hours into what looks like the biggest IT outage in history, triggered by a defective update for Crowdstrike endpoint security software for Windows machines. The price of both Crowdstrike’s and Microsoft’s shares has tumb.....»»
Deeper down the rabbit hole: How technology conspiracy beliefs emerge and foster a conspiracy mindset
As technology proliferates, misinformation and conspiracy theories seem to flourish. Conspiracy beliefs specifically about technology include popular commercial technologies, such as Amazon Echo and Google Search, as well as non-profit technologies d.....»»
Auto repossessions surge 23% in U.S. during first half of 2024 as Americans fall behind on payments
With high interest rates and inflation hitting household budgets, the spike in seizures provides a window into the average consumer’s financial health at a key time for policymakers......»»
Superman wraps filming in Cleveland, as James Gunn shares update on production
James Gunn took to social media to share an important update about Superman, which just wrapped up production in Cleveland......»»
U.S. to issue proposed rules limiting Chinese vehicle software in August
The U.S. Commerce Department plans to issue proposed rules on connected vehicles next month and expects to impose limits on some software made in China and other countries deemed adversaries, a senior official said Tuesday. "We're looking at a f.....»»
Why American Honda expects to grow faster in the U.S. than the industry this year
The Japanese automaker expects U.S. growth on returning brand loyalists and consumers sidelined during the pandemic......»»
Magna"s reconfigurable seats on a swivel unlock EV interior design
Seats developed by Magna can be adjusted to move forward or backward in a more versatile way than standard seats and are able to swivel 180 degrees......»»