Photo: Nissan When the calendar flipped over to May, Nissan instituted a new sales policy for its dealers: Cars can be advertised at discounts up to 10 percent off the invoice price, a massive reduction from typical MSRP. The reasoning, it seems, is that Nissan just has too many cars sitting on dealer lots. Nissan … Read more
The FIA, in an effort to bolster entries for each round of the World Rally Championship, is looking for ways to make the series less expensive and more competitive. A new set of regulations will be implemented for 2027, but in the meantime it has suggested the current top-level Rally 1 cars from Toyota, Hyundai, … Read more
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time. Neuralink has built a brain-computer interface, or a BCI, that could eventually help patients with paralysis control external technology using only their … Read more
TikTok Chief Executive Shou Zi Chew testifies before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn Hockstein | Reuters The future of TikTok is more … Read more
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024. Loren Elliott | Bloomberg | Getty Images Google’s business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in … Read more
In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but offered weaker-than-expected guidance. Shares fell more than 6% in extended trading. Here’s how the company … Read more
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty Images Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the … Read more
Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Uber reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss. Shares fell more … Read more
Last month, on a very odd investor call, Elon Musk declared that Tesla was no longer a car company. It’s a robotics company now, an AI company, and the cars are just means to that end. So how’s the whole robotics thing going? Well, according to a new video from the Optimus team, very slowly. … Read more
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty Images Reddit shares rallied in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in … Read more
