Customers shop at a supermarket in Qingzhou city, East China’s Shandong province on Jan 12, 2024. Future Publishing | Future Publishing | Getty Images The rise of online shopping, social media and easier access to factories are driving the growth of new consumer brands in parts of Asia — putting pressure on traditional industry giants. … Read more
Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 12% in after-hours trading after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. … Read more
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
Photo: Tim Sharp (AP) Formula 1 rejected Andretti Global’s Cadillac-backed application to join the sport last week, claiming, among other things, that it didn’t believe Andretti-Cadillac would be competitive. Apparently, though, there’s another reason Andretti and F1 weren’t able to come to an agreement. As the Associated Press reports, F1 sent Andretti an email about … Read more
Drew Angerer | Getty Images News | Getty Images A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Speaking to analysts on the company’s fourth-quarter earnings call, Li said at the time that Facebook’s … Read more
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the company grew sales in line with its guidance last year and is forecasting stronger profitability … Read more
Tesla has issued a recall for almost every car it sold in the U.S. because of illegible warning lights. The massive recall affects more than 2 million cars and follows a similarly huge recall that hit almost every car Tesla has sold in China. Great start to 2024. Tesla’s Cybertruck Has Finally Arrived The latest … Read more
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023. Joe Raedle | Getty Images Amazon is warning investors that the climate crisis may have a material effect on its business. In the risk factors section of its 2023 financial filing released Friday, Amazon added … Read more
An updated Ford Explorer is coming to America for the 2025 model year, and it has all the electronic bells and whistles you could ask for (and some you wouldn’t think about.) The Ford Explorer Goes All-Electric, But Not For America The Ford Digital Experience has already appeared in the Lincoln Navigator as the Lincoln … Read more
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Mark Zuckerberg is so pleased with his “year of efficiency” that he’s extending it indefinitely. On Thursday’s earnings call, after Meta reported fourth-quarter financials that … Read more
