Business News

Germany's mine-to-motor lithium supply chain takes shape
2024-01-31 13:39:27
Once a byword for environmental disaster due to its heavy industry and mining, the city of Bitterfeld-Wolfen is poised to become a key site for Germany's ambitious green transition.
Samsung reports sharp drop in operating profits
2024-01-31 13:38:40
Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.
Microsoft, Google ride AI wave as revenues surge
2024-01-31 13:37:29
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.
Google says AI helped it beat profit expectations
2024-01-31 13:37:29
Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year.
US judge voids Elon Musk's $56 billion Tesla compensation
2024-01-31 13:37:29
A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.
Microsoft profit soars 33% on AI, cloud-computing investments
2024-01-31 07:02:02
Microsoft Corp. said Tuesday that its profit for the October-December quarter soared 33%, powered by its significant investments in artificial intelligence technology. The company said that increase largely reflected growth in its cloud-computing unit, where Microsoft focuses most of its AI investments.
BYD Q4 profit declines amid rising competition and investment push · TechNode
2024-01-30 23:19:13
BYD on Monday forecast an up to 86.5% year-on-year increase in its net profit to RMB 31 billion ($4.3 billion) for 2023. However, that means the profit
Volkswagen China names new technology chief to step up EV, software rollout · TechNode
2024-01-30 23:10:46
Volkswagen has appointed Thomas Ulbrich, a veteran of more than 30 years at Germany’s biggest automaker, as the new chief technology officer in China,
Trade unions can contribute to productivity and technological development
2024-01-30 23:09:16
The Swedish trade union IF Metall is demanding that a collective agreement be established with Tesla, but the electric car manufacturer is refusing to collaborate. As a result, well over a hundred Swedish Tesla workers have been on strike since late October.
Will 2024 be a better year for homebuyers? Here's what experts think
2024-01-30 15:31:59
2023 was a difficult year for homebuyers but will 2024 be any better? We asked some experts to weigh in.
A look into Alaska Airlines' inspection process as its Boeing 737 Max 9 planes resume service
2024-01-30 15:25:21
Alaska Airlines gave CBS News an exclusive look at how inspections are carried out on the door panels of Boeing 737 Max 9 planes after one blew off mid-air in early January.
General Motors eyes strong 2024 as earnings top estimates
2024-01-30 15:13:29
General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike.
Amazon says Prime deliveries reached their fastest speeds ever last year
2024-01-30 15:13:08
Amazon delivered packages to its Prime customers at the fastest speeds ever in 2023, the retailer said Tuesday, thanks to better inventory placement, a new regionalization model for shipments and more same-day warehouses.
What will happen to short-term CD rates in 2024?
2024-01-30 15:13:06
Short-term CD rates were elevated throughout 2023 but what will happen this year? Here's what to expect.
Toyota apologizes for scandals as vehicle sales set new record
2024-01-30 12:59:56
Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.
5 Ways to Get Flight Reservation for Visa Applications (FREE & Paid)
2024-01-30 03:54:27
Discover the 5 best ways to book a flight reservation for visa applications — includes both paid and FREE itinerary options!
IRS Contractor Who Leaked Taxes of Trump, Musk, and Bezos Sentenced to 5 Years in Prison
2024-01-29 21:35:31
One man managed to inform the public on the finances of three of the wealthiest and most powerful men in America.
Renault slams brakes on listing of Ampere EV division
2024-01-29 21:05:50
French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavorable to list the company's shares.
Tech layoffs for AI, but Wall Street ready for stellar earnings
2024-01-29 18:45:17
Tech layoffs have piled up since the start of the year, but analysts say that it could be a new normal for Silicon Valley in a big pivot to artificial intelligence.
Amazon's bid to buy Roomba maker iRobot is called off amid pushback in Europe
2024-01-29 17:12:09
Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming "undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal.

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