UMC sees gross margin top 40% in 1Q22
Pure-play foundry United Microelectronics (UMC) saw its gross margin climb to 43.4% in the first quarter of 2022, which beat its guidance given earlier this year, buoyed by fully-utilized fab capacity and rising wafer ASPs......»»
EV maker Polestar raises $950 million, anticipates improved profit margin
Polestar projects double-digit gross profit margin by year end......»»
Stellantis CEO Carlos Tavares gears up for EV-driven industry shakeout
With China looming, he sees a need for automakers to consolidate. However, he doesn't see a need for protectionism......»»
How colourism affects families in the UK—and how positive parenting can challenge it
Actor Lupita Nyong'o describes colourism as "the daughter of racism" in "a world that rewards lighter skin over darker skin". This form of prejudice sees people more penalized the darker their skin is and the further their features are from those ass.....»»
Phinia sees upside of hybrid shift after BorgWarner spinoff
Just a half year into operations as a standalone company, Phinia appears poised to reap the benefits of automakers falling back to hybrids during a bumpy ramp up of electric vehicles......»»
JWST sees a Milky Way-like galaxy coming together in the early universe
The gigantic galaxies we see in the universe today, including our own Milky Way galaxy, started out far smaller. Mergers throughout the universe's 13.7 billion years gradually assembled today's massive galaxies. But they may have begun as mere star c.....»»
Q4 new-vehicle gross profits drop for big 6 public auto dealers
High interest rates, more expensive vehicles and a steadier post-pandemic supply chain are reducing new-vehicle gross profit, but it is still higher than pre-pandemic levels. That could change by year end......»»
GM may pivot to luxury to counter slump in China profits, Barra says
While GM still sees a role for itself in China’s increasingly competitive market, CEO Mary Barra says the company has to reverse a slide in sales and profits......»»
Save $250 on this Acer gaming laptop with an RTX 3050 Ti
Get into the game with this deal on the Acer Nitro 5, which sees the gaming laptop's price dropped to just $700......»»
NASA Mars rover looks up, sees its strange moon eclipsing the sun
NASA's Mars Perseverance rover captured an image of the Martian moon Phobos eclipsing the sun. The robotic rover is looking for evidence of past life on the Red Planet's surface. There aren't any Martians around to watch eclipses on Mars. But t.....»»
Lyft’s CEO says ‘my bad’ on margin error, ‘it was one zero’
Lyft Inc. Chief Executive Officer David Risher’s response to a clerical error that unintentionally inflated the company’s earnings outlook on Tuesday and sent shares soaring: “My bad.”.....»»
Ford sees "colossal" competitive threat in low-cost Chinese EVs
Ford is recalibrating its EV strategy as mainstream U.S. consumers balk at the high price of battery-powered models and the spotty charging infrastructure......»»
The City of Tomorrow Will Run on Your Toilet Water
Researchers are finding better ways to extract drinking water, compost, and even energy from wastewater. It’s not gross. It’s science......»»
Roblox sees Apple Vision Pro as "an interesting candidate" for expansion
During its quarterly earnings call, Roblox's CEO hinted at the possibility of expanding the game to the Apple Vision Pro and expressed the company's desire to have "Roblox everywhere."Roblox sees Apple Vision Pro as 'an interesting' place to expandRo.....»»
Honda quarterly profit jumps 35% on booming North America sales
Honda posted a 35 percent jump in quarterly operating profit as sales boom in North America and a better mix of higher margin vehicles propels the automaker......»»
World sees first 12 months above 1.5C warming level: climate monitor
Earth has endured 12 months of temperatures 1.5C hotter than the pre-industrial era for the first time on record, Europe's climate monitor said Thursday, in what scientists called a "warning to humanity"......»»
Honda quarterly profit jumps 35% on booming North America
Honda posted a 35 percent jump in quarterly operating profit as sales boom in North America and a better mix of higher margin vehicles propels the automaker......»»
Honda quarterly profit jumps 35% on booming N. America
Honda posted a 35 percent jump in quarterly operating profit as sales boom in North America and a better mix of higher margin vehicles propels the automaker......»»
Spain sees warmest January on record
Spain has just experienced its warmest January since current records began in 1961, national weather office Aemet said Wednesday, after temperatures neared 30 degrees Celsius (86 degrees Fahrenheit) in some regions......»»
Bosch pushes back margin target, warns of further job cuts
Bosch said it is in talks with employee representatives in its mobility department about "personnel adjustments," adding redundancies were off the table under agreements struck between the company and its works council until 2027......»»
Stellantis CEO sees the rise of Chinese automakers fueling M&A
Carlos Tavares views the rise of Chinese automakers and the EU’s efforts to phase out combustion engines as factors fueling greater potential for consolidation among automakers......»»