Taiwan’s Foxconn , the world’s largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics. The fourth quarter is traditionally the hot season for Taiwan’s tech companies as they race to supply smartphones, tablets and other electronics to […]
Dell Technologies on Thursday reiterated that it expects revenue to grow at a compounded annual rate of 3% to 4% over the long term, disappointing some investors who expected AI to drive a bigger sales jump and sending its shares down 4%. The company, which makes PCs and servers that are used to support technology like […]
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder. About 60% of VinFast’s deliveries, or more than 6,000 vehicles, went to Green SM (GSM), a Vietnam-based taxi operator and leasing provider 95% owned by […]
– Hyundai Motor and Kia Corp said on Thursday that they had decided to adopt Tesla Inc’s electric vehicle (EV) charging technology in the United States. Joining their global peers, including Ford Motor, General Motors and Nissan in adopting Tesla’s North American Charging Standard (NACS), Hyundai’s and Kia’s moves take the Elon Musk-led company’s superchargers closer to becoming the industry […]
They’re universal human aspirations: A world without poverty. Rising living standards. A livable planet. At the start of this century, all of it seemed attainable—within just a few decades. In 2000, leaders of nearly 190 nations resolved “to spare no effort” in pursuit of those goals. Over the next eight years, the world economy went […]
Business investment in OECD countries has remained weak over the past decades, while the cost of capital has significantly and steadily decreased. This raises the question of whether business investment still responds to the cost of capital and thus whether corporate tax policy can support investment. Based on new empirical findings at the firm and […]
Samsung’s contract chip manufacturing arm picked up a new artificial intelligence chip customer, a Canadian startup called Tenstorrent, the company said on Monday. Tenstorrent is among a number of startups looking to challenge Nvidia, which dominates the market for AI chips. The company produces chips and intellectual property for data centers, but is also working on […]
MSCI’s global index of stocks kicked off fourth-quarter trading with a decline, while U.S. Treasury yields and the dollar rose after a last-minute deal averted a partial U.S. government shutdown. While U.S. indexes were a mixed bag in morning trading, in Europe stocks lost earlier gains after September PMI data, a key indicator of economic health, showed manufacturing activity remains […]
Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned about forecasts of rising crude supplies and pressure on demand from high interest rates. On its first day as the front-month, Brent futures for December delivery fell to $90.78 […]
The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania. “We are still coming through the other side of the pandemic,” Powell said, noting labor shortages in healthcare, ongoing difficulties with access to child care, […]
