VW’s $5.8B Rivian Deal Hinges on Key Milestone Achievements
Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
Category: News
Boeing Machinists Approve Contract, Ending Strike with 38% Raises
A significant labor dispute involving Boeing and its machinists has resulted in the ratification of a new labor contract. The agreement, which …
Bentley Delays All-EV Launch, Shifts Focus to Plug-In Hybrids
Bentley Motors, the luxury automotive brand, has announced a strategic shift in its electrification plans. The company has decided …
OpenAI Taps Ex-Meta Orion Head to Lead Robotics Initiatives
OpenAI, a prominent artificial intelligence research laboratory, has appointed a seasoned robotics expert from Meta to lead …
Palo Alto Gains on Contract News, Abbott Awaits Lawsuit Ruling
Palo Alto Networks, a cybersecurity firm, has experienced a positive market response following the announcement of several …
Samsung Chip Profit Drops 40% from Previous Quarter
Samsung Electronics, a global technology giant, has reported a substantial 40% decline in its chip business profit compared to the previous …
Apple Cuts iPhone 16 Orders by 10M Units, Analyst Kuo Reports
Renowned Apple analyst Ming-Chi Kuo has reported that the tech giant has significantly reduced its production orders for the iPhone …
Peloton Teams with Costco to Sell Bike+, Targeting Wealthy Youth
Peloton, the popular fitness equipment company, has announced a strategic partnership with Costco Wholesale, a major retailer known …
Bill Nygren Urges Diversifying Away from S&P 500 Growth Focus
Prominent value investor Bill Nygren has issued a cautionary note regarding the concentration of growth stocks within …
TSMC Shares Surge 10% on Soaring AI Demand and Profit Jump
Taiwan Semiconductor Manufacturing Company (TSMC), a major supplier to both Nvidia and Apple, has experienced a significant …