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Toyota could be penalized by the market due to the gap between the company's pursuits and customers' desires. Learn why TM stock price is rated a sell...
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(Bloomberg) -- At the screenings of Ryan Gosling’s new movie The Fall Guy and Sydney Sweeney’s Immaculate — headlining events of the first week of this year’s South by Southwest conference — a reel of speakers touting the merits of AI including Peter Deng, head of ChatGPT at OpenAI, was loudly booed by audiences. Most Read from BloombergUS Probing Indian Billionaire Gautam Adani and His Group Over Potential BriberyA $2 Billion Airport Will Test Modi’s Mission, Adani’s AmbitionsFed Seen Sticking...
Continue ReadingAmazon's future margin expansion is heavily priced into the current share price assuming current SOTP valuation. Find out why I remain neutral on AMZN stock...
Continue ReadingApple to pay $490 million to settle allegations that it misled investors about iPhone sales in China
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in China that culminated in a jarring revision to the company's revenue forecast. The preliminary settlement filed Friday in Oakland, California, federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company's biggest markets. Cook signaled that the new iPhones were off to a good start during an investor conference call in early November 2018, according to the complaint...
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Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corporation (MSFT), The Coca-Cola Company (KO) and Accenture plc (ACN)...
Continue ReadingConsumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child...
Continue ReadingMercedes has installed humanlike robots in one of its factories as part of a trial to offload more physically demanding and repetitive tasks to indefatigable machines...
Continue ReadingTesla has settled a long running lawsuit by a Black former factory worker who claimed he was subjected to severe racial harassment, according to a court filing on Friday, as the electric carmaker faces a series of other discrimination lawsuits. Tesla and lawyers for Owen Diaz, a former elevator operator at the company's Fremont, California assembly plant, did not disclose details of the settlement in the filing in San Francisco federal court. The agreement ends appeals that both sides were pursuing after a jury last year awarded Diaz $3.2 million in damages...
Continue Reading(Reuters) -Tesla has settled a long running lawsuit by a Black former factory worker who claimed he was subjected to severe racial harassment, according to a court filing on Friday, as the electric carmaker faces a series of other discrimination lawsuits. Tesla and lawyers for Owen Diaz, a former elevator operator at the company's Fremont, California assembly plant, did not disclose details of the settlement in the filing in San Francisco federal court. The agreement ends appeals that both sides were pursuing after a jury last year awarded Diaz $3.2 million in damages...
Continue ReadingThe prominent asset manager's flagship ETF has slid 7% year to date...
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