China’s EV stocks start 2024 in reverse gear as price wars pressure profitability

A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images Shares of Chinese electric car makers have started the new year in reverse gear, as intense competition and continuing price wars pressure … Read more

Google is losing its Fitbit leaders and laying off hundreds of AR employees

As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead. To best position us for these opportunities, throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities. Some teams … Read more

Apple paying out claims in $500 million iPhone slowdown lawsuit: Did you qualify?

(NEXSTAR) – Apple has begun payouts to iPhone users who joined a class-action lawsuit that accused the company of intentionally slowing down the devices. Apple agreed in 2020 to pay between $310 and $500 million as part of a settlement in response to the class-action lawsuit, which stemmed from earlier legal complaints that the company’s … Read more

First Bitcoin ETFs approved by US regulators

“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse Bitcoin,” said SEC chairman Gary Gensler, in a statement. “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” For the last 10 years, the SEC … Read more

Glassdoor names the best places to work for 2024

Glassdoor has released its list of the best places to work heading into 2024, with Bain & Company, NVIDIA and ServiceNow coming in the top three spots respectively as the best employers, as evaluated by employees. Glassdoor’s top 100 list of big employers, characterized by more than 1,000 employees, features the technology industry prominently, as … Read more