Month: August 2023

Hawaii wildfires leave ‘utter devastation’ in Lahaina

August 15, 2023August 15, 2023 Industrytech

August 15, 2023: On Thursday, many people are no more after the devastating wildfires ripped through Hawaii’s island, Maui, county …

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Foxconn, which sees a growing E.V. contract manufacturing market, expressed it would likely mass deliver E.V. batteries

August 15, 2023August 15, 2023 Industrytech

August 15, 2023: On Monday, Foxconn, which sees a growing E.V. contract manufacturing market, expressed it would likely mass …

Leave a commentNewsFoxconn, Foxconn EV

Shares of electric truck maker Nikola extended smartly lower after the firm reported a memory of all the battery-electric semi trucks

August 15, 2023August 15, 2023 Industrytech

August 15, 2023: On Monday, shares of electric truck maker Nikola extended smartly lower after the firm reported a memory of all …

Leave a commentNewsNikola, Nikola shares

SMIC posted a decline in second-quarter revenue on continuing weak chip demand

August 14, 2023August 14, 2023 Industrytech

August 14, 2023: SMIC posted a decline in second-quarter revenue on continuing weak chip demand. SMIC said second-quarter revenue totaled …

Leave a commentNewsSMIC, SMIC Revenue

Novo Nordisk is planning to Purchase Inversago Pharma for $1.8 Billion

August 14, 2023August 14, 2023 Industrytech

August 14, 2023: On Thursday, Novo Nordisk is planning to Purchase Inversago Pharma for increased to $1.8 Billion to broaden …

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Rivian Automotive to build almost 50,000 vehicles in 2023

August 10, 2023August 10, 2023 Industrytech

August 10, 2023: On Tuesday, Rivian Automotive to build almost 50,000 vehicles in 2023 after incurring loss, over twice the digit it made …

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Italy endorses 40% windfall tax on banks as profits zoom in 2023

August 9, 2023August 9, 2023 Industrytech

August 9, 2023: On Tuesday, Italian banking claims took a beating after Italy’s cabinet agreed to a 40% windfall tax on lenders …

Leave a commentNewsItalian Deputy Prime Matteo Salvini, Italy Bank Taxes

Mortgage in July was more complex than in a decade

August 9, 2023August 9, 2023 Industrytech

August 9, 2023: As if higher mortgage rates weren’t enough, qualifying for a mortgage in July was more complex than in a decade, according to …

Leave a commentNewsFannie Mae, Freddie Mac, US mortgage

Nvidia offers the faster chip strived at creating AI power

August 9, 2023August 9, 2023 Industrytech

August 9, 2023: On Tuesday, Nvidia Displayed the chip aspired to create AI power., including AMD, Google, and …

Leave a commentNewsNvidia, Nvidia AI power chip

Oil reduces from a 4-month increase as the recovery takes a break

August 9, 2023August 9, 2023 Industrytech

August 9, 2023: Oil prices eased from four-month highs as crude’s summer rally takes a breather. International benchmark Brent futures …

Leave a commentNewsInternational benchmark Brent futures, oil prices

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