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
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 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 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
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
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 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
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
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
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