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Maxim Group analyst Tom Forte initiated coverage of Apple with a Hold rating and a $178 price target...
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Amazon.com said on Wednesday it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own. Amazon will more than double that number this year. The company refuted a report by tech site The Information this month that the technology relies on human reviewers in India to watch customers as they shop...
Continue ReadingConsumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned...
Continue ReadingOn Wednesday, Volkswagen AG (OTC: VWAGY) revealed that together with its Chinese EV partner, XPeng Inc (NYSE: XPEV), they have developed a new architecture for EVs. The EV pioneer Tesla Inc (NASDAQ: TSLA) has been leading the market when it comes to architecture that reduces the wiring and components in an electric vehicle to lower the cost of its manufacturing, but with the help of XPeng, Volkswagen will finally be able to compete with Tesla on the cost efficiency front. The new architecture wi...
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The e-commerce giant's Package Decision Engine, a proprietary AI model, helps the company optimize packaging...
Continue ReadingAmazon.com said on Wednesday it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own. The online retailer said about 140 stores use the system, known as "Just Walk Out," which allows customers to scan an app to enter a store and leave with their items without paying at a register. Amazon will more than double that number this year...
Continue ReadingTesla (TSLA) filed its proxy statement ahead of the EV maker's June 13 shareholder meeting with two big requests: that shareholders vote to move Tesla’s state of incorporation to Texas and that they ratify CEO Elon Musk’s 2018 pay package that a Delaware judge rescinded earlier this year...
Continue Reading(Bloomberg) -- Microsoft Corp.’s $13 billion investment into OpenAI Inc. is set to avoid a formal investigation by European Union merger watchdogs, calming fears that the relationship could be forced apart.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Red Lobster Considers Bankr...
Continue ReadingStocks were mixed ahead of Fed data Wednesday. ASML sold off after earnings. Nvidia remained in a base...
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