Electric Vehicle Demand Soars
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How interest in electric vehicles has stalled over the last 3 years, in one chart
The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.MarketWatch - Business -
China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
More capable autonomous driving is just one way Chinese automakers are threatening to pull ahead — their E.V.s are also becoming bigger and roomier.The New York Times - Business - China -
European carmakers struggle with falling demand
Industry faces headwinds including price wars and higher interest rates that have put off consumersFinancial Times - Business - Europe -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Protesters in Israel demand deal to secure hostages release
There were mass demonstrations in Israel as thousands of protesters blocked a highway in Tel Aviv, demanding a deal to secure the release of Israeli hostages in Gaza.CBS News - World - Israel -
China PMIs Paint Bright Outlook for Commodity Demand
China’s latest PMI surveys suggest the economy continues to grow at a faster clip than a few months ago, supporting commodity demand, Capital Economics said.The Wall Street Journal - World - China -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
New Haiti PM named but powerful gangs demand seat at the table
Little-known former sports minister Fritz Bélizaire appointed as 90,000 flee capital in a month. Haiti’s newly installed transitional council has chosen a little-known former sports minister as the country’s prime minister, as it presses forward ...The Guardian - World -
Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
A Finnish court has sentenced a 26-year-old man to more than six years in prison for hacking thousands of patient records at a private psychotherapy center and seeking ransom from some patients over the sensitive dataABC News - Tech -
AMD CEO foresees sustained growth driven by insatiable demand for AI
AMD CEO Lisa Su said it's an exciting time for the industry as the widespread deployment of AI is driving demand for computing power.VentureBeat - Tech -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
Nvidia Employees Call Founder Jensen Huang 'Demanding' and a 'Perfectionist.' Here's Why That Doesn't Bother Him
Huang agrees with employees who say he isn't easy to work for, but cites his leadership style as a feature, not a bug, of Nvidia's success.Inc. - Business -
We are hiking our price target on Eaton as demand for AI computing power heats up
Results under the hood were a bit mixed, but the positives far outweighed the negatives.CNBC - Business -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.CNBC - Business -
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.
Defaults are reaching historic levels in the office market as a growing number of owners capitulate to high interest rates and weak demand.The Wall Street Journal - World