Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of…
Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company…
Apple launches the iPhone into the AI era with free software update
Apple is releasing a free software update that will inject its first dose of artificial intelligence into its iPhone 16…
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving
Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development…
China again warns EU against separate talks with EV makers
China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in…
European airlines struggle with plane delays, high costs in Q3
Europe’s major airlines including Lufthansa and Air France-KLM are expected to report another quarter dragged down by rising costs and…
TSMC halts Ascend 910B shipments to firm suspected acting as a Huawei proxy
TSMC has stopped supplying production to China-based Sophgo, which is believed to be a proxy that Huawei used to make…
Apple can’t sell the new iPhone in the world’s 4th most populous country
Apple has been banned from selling the iPhone 16 in Indonesia. The Indonesian government said Apple hasn’t met a requirement…
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros – Handelsblatt
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year…
China Gold Demand Plunges as Record Prices Deter Jewelry Buyers
– Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third…