Hedge fund Melvin sustains 53% loss after Reddit onslaught
$4.5 billion drop in assets after bets against the likes of GameStop go sour. Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies.....»»
Nissan has a new plan to spur sales — and it wants retailers to fund it
With a nearly triple-digit days' supply, Nissan is allowing dealers to advertise 2024 model year vehicles below invoice......»»
GM names new leader for China after Q1 loss
Steve Hill, vice president of global commercial operations, will succeed Julian Blissett, who is retiring after four years heading GM China......»»
Apple loses another designer who worked in Jony Ive"s core team
Duncan Kerr, a designer who has been a part of Apple's journey since the late 1990s is now departing, marking another loss for the design team in a relatively short span of time.Jony IveIn February, Apple lost designer Bart Andre, who had been with t.....»»
Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation......»»
Bentley unwraps V-8 hybrid powertrain
Bentley's shift away from its iconic W-12 engine will not result in a loss of power......»»
Rivian"s Q1 net loss widens to $1.45B as Illinois plant retools for lower-cost EVs
CEO RJ Scaringe said Rivian had successfully retooled its Normal factory with new robots and new parts suppliers to cut costs and increase line speed. He declined to comment on reported talks with Apple Inc......»»
Jack Dorsey Leaves BlueSky Board and Calls X ‘Freedom Technology’
The Twitter founder’s moves suggest an apparent warming of relations between him and Elon Musk. Jack Dorsey has left the board of social networking service Bluesky, which he helped fund and popularize a year ago in the wake of reg.....»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Volunteers rid one Australian river of its privet problem—and strengthen community along the way
Privet is a popular garden hedge. It grows quickly and responds well to being pruned. But in natural areas, privet is a problem......»»
Loss of large herbivores affects interactions between plants and their natural enemies, study shows
Insects and microorganisms that feed on plants, cut up leaves, modify leaf tissue or produce leaf spots and other kinds of damage, are usually known as pests and considered harmful, yet interactions between plants and their natural enemies are import.....»»
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......»»
NASA is helping protect tigers, jaguars, and elephants—here"s how
As human populations grow, habitat loss threatens many creatures. Mapping wildlife habitat using satellites is a rapidly expanding area of ecology, and NASA satellites play a crucial role in these efforts. Tigers, jaguars, and elephants are a few of.....»»
Stony coral tissue loss disease is shifting the ecological balance of Caribbean reefs
The outbreak of a deadly disease called stony coral tissue loss disease is destroying susceptible species of coral in the Caribbean while helping other, "weedier" organisms thrive—at least for now—according to a new study published in Science Adv.....»»
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.”.....»»
Oil palm plantations are driving massive downstream impact to watershed
The global demand for palm oil—the most widely consumed vegetable oil on the planet, in everything from instant noodles to lipstick—is driving worldwide tropical deforestation. While many studies have shown the loss of biodiversity when rainfores.....»»
Researchers say nature recovery must be integrated across all sectors to bend the curve of biodiversity loss
The alarming rates of biodiversity loss worldwide have made clear that the classical way of governing biodiversity recovery based on protected areas and programs for the protection of endangered species is not enough. To tackle this, almost 200 count.....»»
Apple reversed its stock trajectory for the year in 30 minutes
Apple stock was having a tough year after some early gains — until investors erased the loss after Thursday's earnings report.Apple's share price has risen following its latest earnings reportInvestment firm Bernstein was right when it told clients.....»»
Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»
Proofpoint DLP Transform secures data moving to ChatGPT, copilots, and other GenAI tools
Proofpoint announced Data Loss Prevention (DLP) Transform, including GenAI use cases. Today, businesses struggle with the limitations of legacy DLP solutions that are fragmented across channels and are not designed to address today’s most problemat.....»»
Repair shop owner aims to start social impact movement in auto industry
In 2020, Dan Adam created a nonprofit group called Stranded Motorist Fund, which helps customers who can't afford expensive vehicle repairs......»»