Daily Management Review
Business & Finance

Competing US Short Sellers Perplexed By Hindenburg's Bet Against India's Adani

When Hindenburg Research disclosed a short position in Adani Group last week, some US investors expressed interest in the actual mechanics of its trade, because Indian securities laws make it difficult for foreigners to bet against Indian companies.   So far, Hindenburg's bet has paid off....

Tesla to increase costs amid production ramp-up

The production of new battery cells and Semi trucks is expected to increase significantly over the course of the coming year, according to Tesla Inc. The business, run by billionaire Elon Musk, anticipates a $7 billion to $9 billion loss for 2024 to 2025. That range's average value is $1 billion...

Owner Of ChatGPT Has Released A 'Imperfect' Tool For Tracing AI-Generated Text

OpenAI, the maker of the popular chatbot  ChatGTP, announced the release of a software tool to identify text generated by artificial intelligence in a blog post on Wednesday.   ChatGPT is a free program that generates text in response to a prompt, such as articles, essays, jokes, and...

AMD Revenue Exceeds Expectations, And Wall Street Is Relieved Following Intel's Bleak Outlook

Advanced Micro Devices Inc, a US chipmaker, reported revenue that exceeded Wall Street expectations and said it expected business to improve in the second half, enthusing investors who saw the company gaining on rival Intel.   After-hours trading saw a 1.5% increase in shares. Although AMD's...

US Stops Issuing Export Permits To Chinese Tech Giant Huawei - Reports

According to three persons with knowledge of the situation, the Biden administration has ceased accepting permits for American businesses to sell the majority of their goods to China's Huawei.   For several years, Huawei has been subject to U.S. export prohibitions on products related to 5G...

Samsung Electronics net profit grows by 40 percent in 2022

Samsung Electronics' net profit attributable to shareholders increased by 40% to 54.73 trillion won (about $44.6 billion) last year. Operating income for the quarter was 43.38 trillion won ($35 billion), down 16 percent from the same period last year. Revenue for the quarter grew by 8 percent to...

Israel's City Transformer's Small EV Targets Europe's Urban Markets

City Transformer, an Israeli electric vehicle (EV) startup, plans to begin production of its small urban CT-2 model in Western Europe by the end of 2024 and will soon launch a Series B funding round to raise $50 million, the company announced on Monday.   Asaf Formoza, CEO of the company,...

Toyota Retains Its Position As The World's Leading Automaker For The Third Consecutive Year

Toyota Motor Corp. retained its title as the world's best-selling automaker in 2022, expanding its lead over Volkswagen AG despite continued supply-chain disruptions.   The Japanese auto giant reported Monday that group sales, which include those of its subsidiaries Daihatsu Motor Co....

Usain Bolt, One Of The Best Sprinters Ever, Said Facing 'Stressful Situation' In Efforts To Retrieve Lost Millions

The world record holder in the men’s 100 and 200 metres sprint Usain Bolt that he was facing a "stressful situation" as he was attempting to retrieve more than $12.7 million that has mysteriously gone missing directly from an account that he had with an investment firm in Jamaica.   Earlier...

Auto Giants GM, Ford Need To Convince Investors About Their Profitability In The Face Of Falling Prices

Next week, General Motors Co. and Ford Motor Co. are expected to report strong profits for 2022, fueled by premium-priced pickup trucks and SUVs (SUVs).   Now, the Detroit rivals must persuade investors that last year's profit formula will continue to work as EV battery costs rise, high...
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