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One day after its strong earnings report, GM unveiled new features, including "eyes-off" autonomous driving, conversational AI powered by Google, and a type of robot called a "cobot" that will assist in assembling the cars of the future...
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Wendell Weeks also shared how Steve Jobs insisted Corning could be Apple's sole glass supplier by dismissing his fear of failure...
Continue ReadingInvesting.com -- Morgan Stanley said Amazon’s rapid expansion of robotics-powered fulfillment centers could generate between $2 billion and $4 billion in annual savings by 2027, as the company deepens automation across its logistics network...
Continue ReadingMeta continues to restructure its AI efforts after poaching more than 50 researchers from competing labs this summer...
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Amazon (AMZN) is expected to see retail upside in Q3 with BofA holding a quarterly revenue estimate...
Continue ReadingNetflix (NASDAQ:NFLX) shares are tumbling almost 9% at the market open following yesterday’s third-quarter earnings report. Although revenue rose 17% year-over-year to $9.8 billion, meeting management’s guidance and Wall Street expectations, earnings of $5.87 per share missed consensus estimates of $5.95 due to a one-time $360 million charge tied to a Brazilian tax dispute. Management ... Netflix Tumbles After Q3 Earnings Miss. Is This Your Chance to Buy?...
Continue ReadingThe Competition and Markets Authority said the two tech giants had substantial and entrenched market power with their platforms...
Continue ReadingGeneral Motors delivered a blowout earnings report yesterday, offering a jolt of optimism to the auto sector. The company posted results well ahead of expectations, driven by resilient demand, strong pricing, and disciplined cost control, perhaps setting the tone for legacy auto makers heading into year end. GM’s rally came with enormous volume, likely catching shorts off guard and attracting new longs, a potent combination...
Continue ReadingGeneral Motors shares hit a record high on Tuesday after the company’s better-than-expected third-quarter earnings report. For an encore, the company announced a bevy of new technologies, enabled by some household names in tech, on Wednesday. Shares of the auto maker were up 0.3% at $66.78 in midday trading, while the and were down 0.2% and 0.3%, respectively...
Continue ReadingNetflix falls after third-quarter earnings miss analysts’ estimates while Texas Instruments tumbles following a disappointing forecast...
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