US tech titans stumble after pandemic boom
Amazon and Apple were a relative bright spot in a week of otherwise lackluster earnings results for an industry reckoning with the end of heady pandemic-era growth.
Jul 29, 2022
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Business
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Business
Samsung Electronics says operating profits up 12.18 percent in Q2
South Korean chip powerhouse Samsung Electronics said Thursday that second-quarter operating profits were up 12.18 percent, with record profits in its system semiconductor division despite global supply chain woes.
Jul 28, 2022
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Business
Spotify losses widen as costs and subscribers increase
The world's most popular streaming service Spotify on Wednesday recorded wider losses on rising costs even though subscriber numbers beat expectations in the second quarter.
Jul 27, 2022
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Business
Google's parent reports slowest quarterly growth in 2 years
Google's revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession.
Jul 26, 2022
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Automotive
Hobbled by chip, other shortages, GM profit slides 40% in Q2
General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%.
Jul 26, 2022
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Business
Samsung Electronics forecasts 11.4% rise in 2Q profits
Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.
Jul 7, 2022
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4
Consumer & Gadgets
Crypto 'fear and greed' gauge improves a bit after 60% selloff
If trader sentiment is any guide, cryptocurrencies could snap back or at least stop selling off after one of their worst quarters in history.
Jul 6, 2022
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4
Business
Tesla's 2Q sales drop amid supply chain, pandemic problems
Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles.
Jul 3, 2022
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Automotive
Chip shortage keeps driving up auto prices, cutting sales
U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry.
Jul 1, 2022
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4
Automotive
First all-British electric aircraft makes successful test flights
A project managed by Cranfield University to advance electric aviation has achieved a significant milestone, with what is thought to be the first ever flight by a British designed and built, all-electric conventional airplane.
Apr 29, 2022
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