The saying "a car is worthless the moment you drive it off the lot" is being elevated to a new degree by electric automobiles. Certain investment and industry experts believe that this is increasingly becoming a significant obstacle to broader adoption.   According to a recent iSeeCars.com...

In 2023, Intel Foundry, the company's bespoke chip division, reported an operational deficit of $7 billion. The foundry sector's loss increased from $5.2 billion to $5.5 billion as a result of a decline in revenue. The segment brought in $18.9 billion in sales last year as opposed to $27.5 billion...

The American electric vehicle maker Tesla released its manufacturing and sales figures at the end of the first quarter. Over a span of three months, the corporation manufactured 433.4 thousand automobiles and supplied 386.8 thousand cars to consumers. Model Y crossovers and Model 3 sedans accounted...

The third-biggest US mobile phone provider, AT&T, has disclosed that 73 million of its past and present customers' personal information was compromised. About two weeks ago, there was a data leak that resulted in Social Security information being exposed on the darkweb. According to Bloomberg,...

UBS Group AG modified its estimate of net income for 2023 because of an update to Credit Suisse's asset valuation at the time of the bank's acquisition. The asset valuation was lowered by $1.2 billion, per the UBS analysis. In this context, the $27.7 billion recorded in conjunction with the...

Sam Bankman-Fried, the former millionaire crypto CEO convicted of fraud and money laundering last year, will appear in court in New York on Thursday to be sentenced.   The 32-year-old will undoubtedly face jail time; the length of his sentence is unknown. The incident has reignited debate...

Global smartphone shipments are likely to increase by 3% this year as lowering inflation assists a demand recovery in emerging nations and the incorporation of generative AI pulls buyers to luxury handsets, according to a Counterpoint Research analysis released on Thursday.   Global...

Bloomberg: By 2030, Volvo plans to transition to electric vehicles. According to Erik Severinson, head of new vehicle and operational strategy at Volvo, Sweden, the business has assembled its final diesel-powered car and now intends to produce exclusively electric vehicles by 2030, as reported by...

To protect its interests in the electric vehicle sector, China has started dispute settlement procedures against the United States at the World Trade Organisation, the Chinese mission announced on Tuesday and the WTO verified. Under the U.S. Inflation Reduction Act (IRA), China said it was...