Tech sell-off gets Nasdaq to the lowest drop since June 2020
May 10, 2022: -On Thursday, Cloud companies, e-retailers, and household tech names got hammered, which wiped …
Author: Industrytech
Lucid has reported 30,000 EV reservations and increasing prices
May 10, 2022: On Thursday, Electric luxury vehicle maker Lucid Group said it has more than 30,000 reservations …
Natural gas increased by 9% to the high levels since 2008
May 5, 2022: -On Tuesday, U.S. natural gas is increased to the highest level in nearly 14 years as Russia’s invasion of …
NASA chief says competition makes space exploration cheaper
May 5, 2022: -On Tuesday, the head of the National Aeronautics and Space Administration discussed a dramatic shift in …
Moderna sold its first-quarter vaccines and blew out profit expectations
May 5, 2022: -Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit …
Ford is cutting 580 U.S. salaried and contract employees
April 29, 2022: -Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround …
Huawei’s first-quarter revenue comes down by nearly 14%
April 29, 2022: -On Thursday, Chinese telecommunications giant Huawei announced that its first-quarter revenue decreased …
Southwest Airlines maintains its profit forecast as bookings surpass costs
April 29, 2022: -Southwest Airlines reiterated its forecast for second-quarter and 2022 profits as bookings and fares …
Dow stages a huge reversal, closing up by over 200 points
April 27, 2022: -On Monday, the Dow Jones Industrial Average cut a nearly 500-point intraday loss as technology …
Chinese start-up Nreal launches its augmented reality glasses
April 27, 2022: -Nreal, a Chinese augmented reality start-up, plans to bring its smart glasses to …