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Manufacturing Of Combustion Trucks And SUV Till 2035 Could Generate Billions For GM

According to experts and vendors, General Motors has hinted in a recent spate of statements on plant retoolings that it intends to keep producing its largest and most lucrative combustion trucks and SUVs for an additional 10 to 12 years than initially anticipated.   Before switching totally...

The Cloud Computing Division Of Amazon Is Examining AMD's Latest AI CPUs: Reuters

The largest cloud computing service of the world, Amazon Web Services (AWS), is considering deploying new artificial intelligence chips from Advanced Micro Devices Inc., even though no final decision has yet been arrived at by the company, said a Reuters report quoting information from am AWS...

GM Adopts Tesla's EV Charging Technology, To The Delight Of Wall Street

According to a deal announced on Thursday, General Motors will join Ford in adopting Tesla's North American charging plug standard and grant GM electric vehicle purchasers access to the Tesla Supercharger network.   Three of the main EV vendors in the North American market have now agreed on...

Taiwan's Acer Exports Computer Equipment To Russia Even After Announcing A Business Halt

Between April 8, 2022, and March 31, 2023, Taiwan-based computer manufacturer Acer shipped at least $70.4 million worth of computer gear to Russia, according to customs records obtained by Reuters after the company said it would halt operations there.   Despite not being against the law,...

Streaming Firms Outperform As Amazon Leads Falls In The Discretionary Segment

The Wall Street Journal reported that Amazon is planning an advertising-supported tier for its Prime Video streaming service and is in discussions with Warner Bros. Discovery and Paramount about offering ad-supported tiers of those streaming services through Amazon Prime Video Channels. This news...

Brown-Forman, Manufacturer Of Jack Daniel's Whisky, Exceeds Sales Projections Driven By Increasing Prices And Consistent Demand

Benefiting from increased prices as well as consistent demand for its alcoholic beverage brands, including Jack Daniel's whisky, Woodford Reserve bourbon and el Jimador tequila, Brown-Forman Corp. on Wednesday exceeded Wall Street projections for quarterly revenue.   Early trading saw an...

Beijing Receives A Promise From Citigroup CEO To Continue China Expansion

In response to Beijing's efforts to draw in more foreign capital, Citigroup CEO Jane Fraser stated the bank will continue to grow its operations in China during her first visit to the nation this week as the head of the U.S. company.   The National Financial Regulatory Administration (NFRA)...

Vodafone, And Hutchison Will Announce Merger In The UK Very Soon

Vodafone and CK Hutchison are close to reaching an agreement to combine their British operations, and an announcement may come as soon as this Friday or early next week, according to a report from Reuters citing three sources.   On Wednesday, shares of Vodafone rose 3% in response to the...

Apple's 'Reality Pro' Platform Will Be Worth $20 Billion, Says Morgan Stanley As It Raises Its Apple’s Target To $190

Morgan Stanley, a financial services company, increased its price target for Apple to $190 in anticipation of the company releasing a category-defining AR and VR headset and so significantly expanding the market.   According to Morgan Stanley, its overall projection model for the company now...

Walmart Restates Its Intention To Double Global Gross Merchandise In Five Years

A top Walmart official stated on Friday that the company still aims to quadruple the amount of gross product volume it sells in international markets to $200 billion in five years, despite the continued uncertainty surrounding the global economy.   Gross merchandise volume (GMV) is a metric...

Stocks Of Softbank Get A Hike In The AI Chip Craze Prior To Arm’s IPO

Shares of SoftBank Group Corp. increased 5% in early Friday trading as the technology investor—which is contemplating an IPO of chip designer Arm—got sucked into a buying frenzy for equities in the semiconductor and AI industries.   The Japanese conglomerate's shares have increased 17% since...

The Head Of Trust And Safety At Twitter Has Reportedly Resigned

Ella Irwin, the head of trust and safety at Twitter, announced her resignation to Reuters on Thursday. Since billionaire Elon Musk acquired the social media platform in October, the firm has come under fire for its inadequate measures to block harmful information.   When Yoel Roth quit as...
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