The Japanese automotive giant will launch Lexus in pursuit of Tesla. It’s a major u-turn but not a pivot. This is the complex and contradictory message that the future CEO of Toyota TM has just sent. Koji Sato, 53, who will take the helm at the automotive giant on April 1, on Feb. 13 spoke…
Americans could save on taxes this year because of historically large inflation adjustments set by the IRS. The agency adjusted many of its 2023 tax rules to help taxpayers avoid “bracket creep.” That’s when workers get pushed into higher tax brackets due to the impact of cost-of-living adjustments to offset inflation, despite their standard of…
Consumer electronics giant Apple (AAPL) has seen its sales lowered by supply constraints and weakening macroeconomic conditions, which have rocked Apple stock. Still, many investors might be wondering if AAPL stock is a buy right now. Apple Stock News: iPhone 14 Sales On Sept. 7, Apple introduced its third-generation 5G smartphones, the iPhone 14 series….
Powerful executives running public companies are collectively doing a great job at 1) worrying investors about the path forward for profit and cash flow growth this earnings season; and 2) managing expectations so their business could potentially beat earnings estimates even if the U.S. enters a mild recession in 2023. And if CEOs sound dreary…
For the first time in memory, Google’s search dominance is facing a legitimate threat. Let’s see what that means. In a news item that almost seems like science fiction, Alphabet (GOOGL) lost over $100 billion in market capitalization on Wednesday due to a technical error. The stock fell 8% when the company’s new AI chatbot,…
By replacing around 60 welded components with a single module, gigantic aluminium die casting machines made by the likes of Tesla supplier IDRA Group are helping carmakers to simplify manufacturing and cut costs by up to 40% in some areas. Tesla has pioneered the use of massive casting machines, also known as gigapresses, to make…
Oil prices have cooled down in recent months, but Goldman Sachs sees a major rebound on the horizon. Speaking on the sidelines of a conference in Saudi Arabia, Goldman’s global head of commodities research Jeff Currie predicts that oil prices could climb back above $100 a barrel this year. The analyst sees rising demand for…
Tesla TSLA +2.28% stock just won’t stop going up. Shareholders should feel happy, but they should keep asking themselves what comes next. Shares are up 2.3% at $201.35 in midday trading Wednesday. The S&P 500SPX –1.11% and Nasdaq CompositeCOMP –1.68% are down 0.9% and 1.6%, respectively. Tesla stock is now up 63% year to date,…
The age of generative AI is upon us, and this week alone Google and Microsoft made major announcements around their respective products for the masses. While Google unveiled an “experimental conversational AI service” called Bard, Microsoft had a fuller slate of news to share at its event in Redmond, WA yesterday. Through a partnership with…
Netflix and chill (out), password sharers. After intense backlash surrounding what appeared to be the first signs of the company’s upcoming password sharing crackdown, Netflix (NFLX) clarified no official announcements have been made outside of the current test countries. “For a brief time last Tuesday, a help center article containing information that is only applicable…