Epistar may see profit from Kaistar
LED epitaxial wafer and chip maker Epistar stands a chance of bringing in non-operating profit from its China-based joint venture Kaistar Lighting (Xiamen), a vertically-integrated LED maker focusing on lighting, according to industry sources......»»
Apple best-placed to benefit as AI goes mainstream, says Morgan Stanley
A new report from Morgan Stanley concludes that while Apple is saying little about AI, it is ready to profit as consumers adopt AI-based tools in everyday life.Apple's SiriArtificial Intelligence has been the buzzword of 2023 with everyone, except Ap.....»»
Uber"s earnings, bookings, signal robust trip demand
Uber gave a forecast for bookings and profit that signal robust demand for the company’s ride-hailing and food delivery businesses in the busy holiday period......»»
Dana sees "significant impact" from UAW strikes, but swings to Q3 profit
Axle supplier outlines a potential $500 million swing in revenue depending on when the UAW strikes conclude. Full-year revenue could range from $10.2 billion to $10.7 billion, Dana said......»»
Mobileye swings to $17M profit in Q3, forecast improves
The Israel-based company, whose customers include VW and Porsche, expects operating loss for the year to be between $62 million and $79 million, versus its prior loss view of $98 million to $129 million......»»
OT cyber attacks proliferating despite growing cybersecurity spend
The sharp increase in attacks on operational technology (OT) systems can be primarily attributed to two key factors: the escalating global threats posed by nation-state actors and the active involvement of profit-driven cybercriminals (often sponsore.....»»
Lithia Q3 net income slips 20%, revenue record for quarter
Lithia set a third-quarter revenue record but saw quarterly net income fall 20 percent from a year earlier to $265 million as vehicle sales rose but gross profit fell......»»
Investigating banana trees as buffers to fight wildfires
Fire buffers composed of irrigated banana trees could slow and calm wildfires and generate profit for residents of fire-prone regions, according to a study published in PNAS Nexus. Climate change is increasing wildfire risk. Wildfires in the Western.....»»
UAW strikes GM"s high-profit, big SUV plant; 5,000 more workers walk off the job in Texas
UAW President Shawn Fain ordered 5,000 workers to walk out Tuesday at Arlington Assembly, which builds the Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade......»»
Autoliv raises sales guidance after solid third-quarter profit
Autoliv CEO Mikael Bratt said the company would increase its 2023 sales guidance to about 17 percent organic growth from 15 percent, citing development of light vehicle production, to which it is highly exposed......»»
Elon Musk launches test to see if users are willing to pay $1 a year for X
"It is not a profit driver," X says. Enlarge (credit: Steven Puetzer | The Image Bank) X has confirmed a Fortune report revealing that the platform formerly known as Twitter has begun charging a $1 annual fee to new user.....»»
iPhone 15 Pro Max costs 12% more to make than iPhone 14 counterpart
The iPhone 15 Pro Max is 12% more expensive for Apple to build than its iPhone 14 counterpart, a teardown reveals, with the parts of each unit estimated to cost Apple around $558 to buy.iPhone 15 Pro MaxApple's profit margin for its products relies h.....»»
Samsung flags 78% profit drop as chip demand remains weak
Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower than usual demand for consumer devices......»»
“€25m Profit” Pirate IPTV Group Dismantled, 10 Arrested, 12 Vehicles Seized
Greek police say they have dismantled a criminal organization behind an illegal IPTV operation that caused broadcasters over €100m in losses. Over eight years it's alleged the operators generated over €25 million in profits, laundered money throu.....»»
iPhone scalpers used bots to buy millions of dollars’ worth of iPhone 15 models, says report
A cybersecurity company says that iPhone scalpers seeking to profit from early demand for iPhone 15 models used bots to make millions of dollars’ worth of purchases from the Apple website as soon as orders went live. The activity is lucrative fo.....»»
A 1% increase in unbroken rice could help feed millions more, boost producer profit
A 1% increase in unbroken rice kernels after milling could mean millions more servings of this critical staple grain, increased food security around the globe and improved producer profitability, a study from two Arkansas researchers suggests......»»
UAW adds 38 GM, Stellantis parts distribution centers to strike but spares Ford with progress made
UAW President Shawn Fain said he is not adding new Ford sites to the strike because the automaker had increased its offers for profit-sharing payouts and job security......»»
TV Museum Will Die in 48 Hours Unless Sony Retracts YouTube Copyright Strikes
Rick Klein and his team have been preserving TV adverts, forgotten tapes, and decades-old TV programming for years. Now operating as a 501(c)(3) non-profit, the Museum of Classic Chicago Television has called YouTube home since 2007. However, copyrig.....»»
4 of 6 publics see Q2 F&I gross profit drop; more decline possible
Lithia Motors, Penske Automotive, Group 1 Automotive and Asbury Automotive all saw same-store F&I gross profit per vehicle decline year over year in second-quarter earnings, while AutoNation and Sonic Automotive posted increases. Analysts from Stephe.....»»
SpaceX reportedly turns a profit after two annual losses
Elon Musk's spaceflight company turned a profit of $55 million in the first quarter of this year, according to documents obtained by a major news outlet......»»
Linux Empowering Financial Data Processing in Trading: A Multitasking Marvel
In the fast-paced world of finance, where microseconds can spell the difference between profit and loss, the role of technology is pivotal. Among the unsung heroes driving this technological revolution is Linux, the open-source operating system that.....»»