Analysts overlook Alphabet’s disappointing quarter, cite confidence in AI push as ChatGPT threat grows

Analysts are willing to overlook Alphabet’ s disappointing quarter in lieu of its artificial intelligence push and focus on costs. Shares of the search giant fell more than 4% after the company missed Wall Street’s expectations for the fourth quarter. But, analysts lauded the company’s focus on artificial intelligence as it faces mounting pressures from … Read more

World’s biggest pension fund posts loss in longest losing streak in two decades

Masataka Miyazono, president of the Government Pension Investment Fund (GPIF), speaks during a news conference in Tokyo, Japan, on Friday, July 1, 2022. Bloomberg | Bloomberg | Getty Images Japan’s Government Pension Investment Fund — the world’s largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 … Read more

Analysts stand by Apple, say iPhone maker’s ‘flywheel keeps spinning’ despite disappointing earnings

Analysts aren’t giving up on Apple despite the tech giant’s near-term headwinds. The iPhone maker on Thursday posted its largest quarterly decline in revenue since 2016 . It also posted weaker-than-expected results in multiple areas as it grappled with a strong dollar, macro issues and production problems in China that constrained iPhone 14 Pro and … Read more

Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker

Ford CEO Jim Farley at the company’s plant in Dearborn, Michigan, on April 26, 2022. “We have to change our cost profile,” Farley told CNBC after a call with analysts to discuss fourth-quarter results. CNBC | Michael Wayland Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a … Read more

Kyiv presses criminal charges against Wagner group chief; EU-Ukraine summit begins

Zelenskyy urges EU allies to impose 10th sanctions package on Russia Ukrainian President Volodymyr Zelenskyy urged EU allies to deploy a 10th sanctions package against Russia Yan Dobronosov | Getty Images News | Getty Images Ukrainian President Volodymyr Zelenskyy urged EU allies to deploy a 10th sanctions package against Russia as top officials from the … Read more

Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push

Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpeng, a Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it … Read more

China’s real estate crisis isn’t over yet, IMF says

China’s real estate market has slumped in the last two years after Beijing cracked down on developers’ high reliance on debt for growth. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. The property market … Read more

Blackouts, currency dives and corruption: Pakistan’s economy is on the brink of collapse

People light a bonfire to warm themselves during a nationwide power outage, in Muzaffarabad on January 23, 2023. Sajjad Qayyum | Afp | Getty Images Pakistan’s economy is on a cliff-edge.  The South Asian country this week suffered a horrific bombing attack on a mosque that took at least 100 lives. On Jan. 24, the … Read more

There’s a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too

Both pink and blue have been used to differentiate between different methods of hydrogen production. Eve Livesey | Moment | Getty Images From Tesla’s Elon Musk to European Commission President Ursula von der Leyen, the past few years have seen many high-profile names talk about the role hydrogen may — or may not — play … Read more

Vietnam EV maker VinFast delays U.S. car deliveries until late February

The VF-8 electric vehicle from VinFast, a Vietnamese automaker producing electric cars and SUV’s, is on display at their showroom in Santa Monica, California, on July 18, 2022. Frederic J. Brown | AFP | Getty Images Vietnam’s electric automaker VinFast said on Friday it will delay deliveries to its first customers in the United States … Read more