Citing an improved supply of automotive computer chips, General Motors raised its financial guidance on Wednesday and said it expects to return to a normal production rate by the end of next year. Chief Financial Officer Paul Jacobson told investors on a virtual chat with Credit Suisse that the company has seen improvement in the […]
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It was every sports bettor’s dream: Being able to bet on a game after it had already ended. But the 86 New Jersey gamblers who thought they were beating the system had their bets on a British soccer game voided, and the two betting companies involved got fined. The mishap was revealed in documents made […]
Facebook whistleblower France Haugen is once again asked to testify to Congress on December 1, as a subcommittee will uphold a hearing to address future “targeted reforms” and to amend Section 230 of The Communications Decency Act. The leading directive force of the hearings will be the House Energy and Commerce subcommittee on communications and […]
Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet. Shopper traffic roared back on Black Friday, but it was still below pre-pandemic levels, in part because retailers spread out big […]
Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs. But his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current […]
India has asked Musk’s aerospace company, SpaceX, to stop “booking/rendering” satellite internet services for its Starlink project until obtaining a license to carry out plans in the country, according to Reuters. SpaceX’s division registered in India as a business on November 1st and had already launched its pre-orders process, despite not getting the Indian government’s permission […]
The carmaker Stellantis said Monday that it has secured a five-year supply of battery-grade lithium hydroxide in Europe to support its plans to convert to 98% electrified vehicles by 2025. Stellantis, the company that combined PSA Peugeot and Fiat Chrysler, signed a binding agreement with Vulcan Energy Resources Ltd. in Germany, which uses geothermal energy […]
Italian Premier Mario Draghi said that a bilateral treaty signed on Friday with French President Emmanuel Macron to strengthen bilateral cooperation would in turn strengthen the European Union, including such areas as defense, aerospace and technology. The treaty deepens cooperation “in crucial sectors, from security to justice, from research to industry,” Draghi told a press […]
Portugal’s new law on working from home makes the European Union country sound like a workers’ paradise. Companies can’t attempt to contact their staff outside working hours. They must help staff pay for their home gas, electric and internet bills. Bosses are forbidden from using digital software to track what their teleworkers are doing. There’s […]
As U.S. pressure intensifies on Chinese tech firms, the Commerce Department blacklisted Wednesday a new list of Chinese firms under the pretense of direct affiliation with the Communist Party Apparatus. Officials have taken these measures as a plan to halt rising American technologies from being implemented for quantum computing purposes, given it would aid the […]