British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021. John Sibley | Reuters International travel roared back last year, pushing airports from London to Tokyo up in a global ranking of passenger traffic. Dubai International Airport ranked as the second busiest in 2023, up from fifth place in […]
Former President Donald Trump arrives at Manhattan criminal court with his legal team ahead of the start of jury selection in New York on April 15, 2024. Jabin Botsford | Via Reuters Prosecutors on Monday asked a New York judge to sanction Donald Trump for violating a gag order by commenting on likely witnesses at […]
In 2024, the global semiconductor (or chip) market is projected to grow more than 13% to nearly $600 billion, according to the Semiconductor Industry Association. Moreover, this market should reach $1 trillion in revenue by 2030, per top consulting firm McKinsey & Company. These rosy growth projections are being driven by several massive global trends […]
A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. Mike Blake | Reuters Tesla shares were down over 1% in premarket trade Monday on media reports that the automaker will lay off more than 10% of its global workforce. The company’s stock was down 1.20% in premarket […]
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. Shares were down about 1% on Monday morning. “As we prepare the company for our next […]
A BP logo photographed in London on May 12, 2021. Glyn Kirk | Afp | Getty Images BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn’t pay off, company sources said. The […]
The Freetrade logo on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images British stock trading app Freetrade hit eked out breakeven earlier this year, the company told CNBC, marking its first-ever move into the black after incurring full-year losses in 2023. Freetrade reported adjusted earnings before interest, tax, depreciation, and […]
People gather in support of the Islamic Revolutionary Guard Corps’ attack on Israel on April 14, 2024 in Tehran, Iran. Late on Saturday, Iran launched a direct attack at Israel, about two weeks following the Israeli attack on the Iranian consulate in Syria. Majid Saeedi | Getty Images News | Getty Images World leaders have […]
A view of anti-Israel banners and posters placed on building walls in the capital city of Tehran after Iran launched drones, missiles on Israel in response to April 1 attack on consulate in Syria on April 14, 2024. Anadolu | Anadolu | Getty Images World leaders have called for calm in the aftermath of Iran’s […]
The massive investment underway to transition traditional computing in data centers to accelerated computing for artificial intelligence (AI) is a major catalyst for leading chip stocks. Applications using generative AI could add trillions of value to the global economy, according to JPMorgan. Here are two leading semiconductor companies supplying the hardware to make this happen. […]
The stock market has pulled back recently, but it hit a new all-time high this year. Strong economic growth, the prospect of interest rate cuts, and catalysts like artificial intelligence have driven most stocks skyward. However, not all companies have participated in the rally. Stanley Black & Decker (NYSE: SWK), NextEra Energy (NYSE: NEE), and […]
(Reuters) – Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo. Tesla told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews, according to the report, which added that the firm also reduced production at Gigafactory […]
