Chinese tech giant Xiaomi Corp. introduced a performance version of its popular YU7 sport utility vehicle, deepening a push into cars as its core smartphone business faces pressure from surging chip costs. Source link
Hong Kong/Seoul — Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment of the country is unhappy with the result:…
‘The Big Money Show’ co-hosts discuss Seattle Mayor Katie Wilson’s remarks dismissing millionaires leaving the city as Starbucks moves 2,000 jobs to Nashville. Seattle Mayor Katie Wilson is walking back earlier comments urging consumers to boycott Starbucks, as tensions grow over Seattle’s relationship with major employers and the coffee giant expands its footprint outside Washington…
FRANKFURT, Germany (AP) — The European Union’s executive commission cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran — but said the economy will avoid an outright recession. “As a net energy importer, the EU’s economy is highly … Source link
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Amazon Executive Chair Jeff Bezos on Wednesday accused politicians of villainizing the ultra-wealthy and using tax policy as a political wedge issue to distract from bigger challenges facing the country. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “You could double the taxes I pay, and it’s not…
SpaceX has heavily diversified from its one-time core business of launching rockets. It’s making a huge difference. Source link
Musk’s rocket-maker and satellite internet provider will trade under the ticker SPCX Source link
Ukraine has been fitting long-range attack drones with cheap unguided rockets, using them in the Russian rear to bombard strategic assets and suppress air defenses. Loading audio narration… The Unmanned Systems Forces, or USF, said on Monday that units had equipped fixed-wing exploding drones with up to eight rockets each. The military branch posted several…
Nvidia (NVDA) reported its fiscal first quarter results after the bell on Wednesday, topping analysts’ expectations on the top and bottom lines and offering a better-than-anticipated Q2 outlook. Nvidia stock initially fell more than 2% on the news. For the second quarter, Nvidia said it anticipates revenue between $89.1 billion and $92.8 billion. Wall Street…
