Starbucks, one of the biggest coffee chains in the world, reported that its net income increased 5% year over year to $855.2 million in the first quarter of its fiscal 2022–2023 year, finished on December 27. Earnings per share grew to $0.74 from $0.69 at the same time last year. Compared to...

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....

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...

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...

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...

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 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...

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 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....