SMIC expects 17-19% revenue increase in 2Q21
China-based pure-play foundry Semiconductor Manufacturing International (SMIC) expects to post a revenue increase of 17-19% sequentially in the second quarter of 2021, with gross margin ranging from 25% to 27%......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
The effects of whole genome duplication on the plant metabolome
Whole genome duplication (WGD) is a common mutation in plants with profound evolutionary potential. While it is well-known that an increase in genetic material can lead to larger cell sizes, the impact of gene dosage multiplication on the metabolome.....»»
The worrying future of RAM and SSD pricing
There's a growing demand for DRAM and NAND Flash, and this means massive increases in revenue. It could also have a huge impact on pricing......»»
Communities can increase the prosocial tendencies of their authorities, study finds
A new paper by researchers at the Annenberg Public Policy Center (APPC) of the University of Pennsylvania published in the journal Social Psychological and Personality Science shows that policymakers are more likely to support "prosocial" policies in.....»»
Meta’s next AI model to require nearly 10 times the power to train
Mark Zuckerberg expects the compute requirements for next year's Llama 4 to be "10 times" that of last month's Llama 3......»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
Venu Sports finally announces price of $43 a month, for starters
Venu Sports — the new streaming service that combines sports from Disney, Fox, and Warner Bros. Discovery — will cost $43 a month, but that may well increase......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»
Carvana Q2 net income swings to $48 million; revenue up 15%
The online used-vehicle retailer said it sold 101,440 used vehicles in the second quarter, up 33 percent from the year-earlier period......»»
Xbox console sales continue to crater with massive 42% revenue drop
Xbox Series X/S sales seem to have peaked early in 2022. Enlarge / The tumbling continues. Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in J.....»»
Lawmakers ask FTC to investigate the sale of driver data, alleging ‘flagrant abuse" of privacy
Automakers, which have made lofty revenue projections about the riches to be found in the sale of connected vehicle data, have largely sought to ignore the fact that consumers do not want their data to be sold......»»
AutoNation net income, revenue harmed by CDK cyberattacks
AutoNation Inc. reported a massive drop in net income due in part to lost revenue and hits to vehicle sales stemming from the June 19 CDK Global cyberattacks.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
Cycode unveils Cycode AI to enhance ASPM platform with advanced security features
Cycode has unveiled Cycode AI, a suite of AI-powered features that are now embedded in the company’s Complete ASPM platform. This integration empowers security teams and developers to increase productivity, accelerate velocity, and gain visibility.....»»
AMD raises forecast for AI chip revenue and sees supplies remaining tight
AMD raises forecast for AI chip revenue and sees supplies remaining tight.....»»
AI search engine accused of plagiarism announces publisher revenue-sharing plan
Perplexity says WordPress.com, TIME, Der Spiegel, and Fortune have already signed up. Enlarge (credit: Moor Studio via Getty Images) On Tuesday, AI-powered search engine Perplexity unveiled a new revenue-sharing program.....»»
Study links credit availability with regional home prices
Two professors at The University of Texas at Arlington have found that U.S. housing prices have grown more persistently since the mid-1990s, especially in the Midwest and South. They link this steady incline primarily to the increase in available pur.....»»