U.S. stock index futures edged higher on Wednesday, with investors bracing for consumer prices data that is expected to show an almost four-decade high in December, while big technology stocks bounced after a bruising selloff at the start of the year. Growth and technology stocks, hit by rising Treasury yields and hawkish commentary from the […]
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Wall Street’s main indexes tumbled on Monday with Nasdaq leading the declines as technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37 percent below its intraday record […]
U.S. stock index futures were mixed on Thursday, with economy-linked banking and energy shares leading gains, while interest rate-sensitive growth names remained under pressure from the Federal Reserve’s hawkish signals. The tech-heavy Nasdaq plunged more than three percent on Wednesday, its biggest one-day percentage drop since February, while the Dow slipped from an intra-day record […]
Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, […]
Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Thursday as the project was officially announced. The Irvine, California-based electric vehicle manufacturer plans to eventually employ more than 7,500 workers and produce up to 400,000 vehicles a […]
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 […]
Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10% at the opening bell Thursday pushing its valuation over […]
U.S.-based chipmaker Nvidia, announced Wednesday plans to launch its latest technology to enlarge its grip in the automotive field, by incorporating a system that would fasten the training of these vehicles. Nvidia’s “Omniverse” simulation technology revolves around delivering the needed assistance for automotive vehicles by integrating both Artificial Intelligence (AI) and the company’s software. This […]
China is facing the worst power shortage in its history as the electricity crunch and authorities force manufacturers to cut down on production, an act that could unleash chaos within the tech supply chain. Companies are bracing themselves for what could be the pinnacle of production after COVID-19 merely ravaged the industry. Now, another factor […]
Determined to keep track of their guns, some U.S. military units have turned to a technology that could let enemies detect troops on the battlefield, The Associated Press has found. The rollout on Army and Air Force bases continues even though the Department of Defense itself describes putting the technology in firearms as a “significant” […]