Tesla offers Chinese buyers more subsidies.
Subsidies reach $860 per purchase. In its most recent effort to boost sales in the world’s largest market for electric vehicles, Tesla Inc. is providing additional incentives to Chinese customers…
Foxconn reports a significant drop in iPhone sales.
Sales drop after the Zhengzhou plant closes. After some shipments were impacted by the COVID outbreak in Zhengzhou, where the company runs the largest iPhone assembly facility in the world,…
Gold climbs to a five-month high.
The US dollar fell to its lowest level since June. The dollar fell, traders rallied, and gold reached its highest level since June. China’s relaxation of some COVID-Zero restrictions helped.…
Meta was fined $277 million.
A penalty by the Irish Supervisory Authority for breach of confidentiality Meta Platforms Inc. was fined 265 million euros ($277 million) for failing to stop the leak of the personal…
Amazon is closing some of its operations in India.
The online retailer will discontinue its food and delivery services. Amazon.com Inc. is scaling back some of its activities in India, demonstrating that the cost-cutting drive is having an impact…
Ford invests £150 million in electric vehicles.
The company invests in increasing the production of spare parts. Ford Motor Co. has invested about £150 million ($181 million) to grow its electric car component business in England, marking…
130,000 victims of ad dominance have sued Google.
The UK accuses the company of anti-competitive behavior. Google parent Alphabet Inc. filed a class-action lawsuit against 130,000 businesses in a UK court, alleging antitrust violations. According to the lawsuit,…
Historic Apple buyout attracts investors
Apple spent $550 billion on share repurchases in ten years. More than any other American company in the last ten years, Apple Inc. has bought back shares worth more than…
South Korea’s lunar ambitions push stocks
South Korea plans to land on the moon in 2032 and on Mars in 2045. Stocks of domestic rocket-related companies are encouraging South Korea to move forward with plans to…
NASA’s spacecraft successfully orbits the moon.
Orion completed one of its main missions. To complete one of its key Artemis I agency missions, the Orion capsule, a brand-new spacecraft created to transport future astronauts into deep…