Rivian and Lucid shares plunge after weak EV earnings reports

Rivian and Lucid shares plunge after weak EV earnings reports

A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian … Read more

Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry

Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry

Outbound passengers queue up to check in at Yantai Penglai International Airport on February 9, 2023 in Yantai, Shandong Province of China.  Vcg | Visual China Group | Getty Images Asia-Pacific’s travel sector is seeing strong growth, with demand for flights set to match pre-pandemic levels this year — thanks to Chinese tourists. The region’s … Read more

AT&T cellular outage in United States disrupts vital services

AT&T cellular outage in United States disrupts vital services

A worker climbs on a cellular communication tower in Oakland, California. Justin Sullivan | Getty Images A cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. About 58,000 incidents were reported around noon ET, … Read more

What are space nukes raising tensions between Moscow and Washington?

What are space nukes raising tensions between Moscow and Washington?

In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin talks to students and Chelyabinsk Region industry workers at the Stankomash plant in Chelyabinsk on February 16, 2024. Alexander Ryumin | Afp | Getty Images A fresh spat between Washington and Moscow has raised alarm about the potential risk of a … Read more

Boeing touts 737 Max as ‘safest airplane,’ comments on China’s Comac C919

Boeing touts 737 Max as ‘safest airplane,’ comments on China’s Comac C919

Miniature models of Boeing commercial airplanes displayed at the Singapore Airshow in Singapore on February 20, 2024.  Roslan Rahman | Afp | Getty Images SINGAPORE — Boeing touted its 737 Max aircraft as “the safest airplane” and said China’s latest domestic jetliner Comac C919 is similar to offerings by Airbus and Boeing that are already … Read more

Nvidia shares pop 12% in premarket trade after AI-fueled bumper earnings

Nvidia shares pop 12% in premarket trade after AI-fueled bumper earnings

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia shares jumped more than 12% in premarket trade on Thursday after the chip giant posted bumper earnings that beat Wall Street estimates. The U.S. … Read more

EV boat maker Arc debuts a premium wake sport model for $258,000

EV boat maker Arc debuts a premium wake sport model for 8,000

Arc Boat Company’s fully electric Arc Sport model gets four to six hours of typical use on a single charge. Arc Boat Company Arc Boat Company began sales of its second electric boat model in just three years this week. The new $258,000 Arc Sport was designed for wake sports enthusiasts and follows the company’s … Read more

Decoding January’s Unexpected Inflation Report

Decoding January’s Unexpected Inflation Report

The financial world was rocked by the release of the January inflation report, which revealed a higher-than-anticipated inflation rate. The market had been bracing for an inflation rate of 2.9%, a significant psychological threshold that would have marked the first time the inflation rate dipped below 3% since the inflation surge in 2021. However, the … Read more

Delivery Hero terminates Foodpanda sale talks in Southeast Asia

Delivery Hero terminates Foodpanda sale talks in Southeast Asia

Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company’s operations center in Bangkok, Thailand, on Friday, March 16, 2018.  Bloomberg | Bloomberg | Getty Images German food delivery giant Delivery Hero announced it has ended negotiations with an undisclosed third party regarding the potential … Read more