The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted … Read more
Photo: Nissan As I was brainstorming President’s Day posts that aren’t explicitly about actual presidents, I was looking through Nissan’s archives and stumbled across a variant of the Nissan President sedan that I had never seen before. There were four generations of President from 1965 to 2010, the latter two of which were sold in … Read more
If you’ve got a bike, there’s a good chance it’s set up with a derailleur at the rear and a bunch of gears to help you cycle more efficiently. And while that derailleur might be controlled by cables, hydraulics or even electronics, it’s usually down to you to set it in the right place. However, … Read more
A statue of Nintendo’s video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Shares of Nintendo fell on Monday after a report suggested the launch of the Switch 2, the next version of its flagship gaming console, would be delayed. Nintendo’s … Read more
The big argument in favor of electric vehicles is that, in the long run, they’re cheaper than their gas-powered counterparts. Sure, they might be more expensive to buy, but you’ll save a ton of money in maintenance and won’t need to pay for gas anymore. However, some BMW i3 drivers have found this week that … Read more
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue. Here’s what analysts were expecting: Earnings per share:Â 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv Revenue: $606 … Read more
Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto … Read more
Depending on who you ask, hydrogen power is either the future of the automotive word or a massive waste of money. Clearly, Honda thinks it’s the former as it’s just teased the release of a hydrogen-powered CR-V that’s coming to America later this year. There’s just one catch, the number of filling stations you’ll be … Read more
Richard Branson believes the environmental costs of space travel will “come down even further.” Patrick T. Fallon | AFP | Getty Images Dozens of high-profile figures in business and politics are calling on world leaders to address the existential risks of artificial intelligence and the climate crisis. Virgin Group founder Richard Branson, along with former United … Read more
New York City Mayor Eric Adams said Wednesday that his administration has filed a lawsuit against the parent companies of TikTok, Instagram, Facebook, Snapchat and YouTube, alleging that their services are damaging to the mental health of young adults and children in the largest U.S. city. The city of New York along with plaintiffs including … Read more
