Amazon Employees Stage Walkout to Protest Layoffs, Sustainability Policies, and Return-to-Office Mandate
Hundreds of Amazon office workers staged a walkout on Wednesday to protest a slate of issues, including recent layoffs, sustainability policies, and a demand for employees to return to the office. According to the organizers of the protest, around 1,000 workers in Amazon’s hometown of Seattle and 2,000 others in different locations participated in the […]
Continue reading Nvidia Becomes First Chipmaker to Reach $1tn Market Value Amid AI Revolution
Nvidia, the chipmaker at the forefront of the artificial intelligence (AI) revolution, has become the first in its industry to achieve a market value of $1tn.[0] The company’s stock rose by more than 5% on Tuesday, taking its market capitalisation to over $1tn, before dipping below the threshold. Nvidia’s shares have risen by almost 40% […]
Continue reading Ford to Incorporate Tesla’s North American Charging Standard into Future EVs
Ford has announced that it will incorporate Tesla’s North American Charging Standard (NACS) connector into its future electric vehicles starting in 2025. This move will enable Ford EVs to use Tesla Superchargers without the need for an adapter. Starting in early 2024, owners of Ford’s F-150 Lightning, Mach-E, or E-Transit will be able to access […]
Continue reading US Debt Ceiling Deal Reached, but Fallout Puts Credit Rating in Limbo
US President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4tn debt ceiling for two years, ahead of a June 1 deadline set by the Treasury Department.[0] The deal lacks support from some factions at the extreme left and right of the political spectrum, due […]
Continue reading Ford and Tesla Partner to Expand Access to Supercharger Network for Ford EV Owners
In a surprising move, Ford and Tesla announced a partnership on Thursday that will allow Ford electric vehicle (EV) owners to access Tesla’s Supercharger network in the US and Canada, starting early next year. This is the first direct partnership of its kind between two competing EV manufacturers, and it is expected to accelerate the […]
Continue reading Target Faces Backlash for Pride Month Merchandise, Removes Some Items from Stores
Target has faced backlash for its collection of Pride Month merchandise, leading to the removal of some items from stores and changes to its LGBTQ+ merchandise nationwide. The decision came after employees were reportedly threatened by customers amidst anti-LGBTQ+ backlash.[0] The retailer stated that it would be pulling the items “at the center of the […]
Continue reading Nvidia’s Q1 Earnings Exceed Expectations with Strong Growth in AI Market
Nvidia, the American technology company famous for its graphics processing units (GPUs), has reported first-quarter earnings of $1.09 per share on $7.2bn in revenue, which is much higher than analysts were expecting.[0] The company also announced that it expects current-quarter revenue of $11bn, compared to expectations of $7.2bn in sales.[0] Based on other guidance data […]
Continue reading Nvidia’s First-Quarter Report for Fiscal 2024: Positive Outlook and Strong Growth in Data Center and Gaming Businesses
Nvidia, the leading graphics chip specialist, has released its first-quarter report for fiscal 2024, and the outlook is positive.[0] The company forecasts revenue of $11 billion for the current quarter, up 64% year over year, which is significantly higher than Wall Street’s guidance of $7.2 billion.[0] Nvidia expects non-GAAP gross margin of 70%, plus or […]
Continue reading Netflix Cracks Down on Password Sharing Globally: What You Need to Know
Netflix has begun to crack down on password sharing in the US and other global markets, after a delayed launch.[0] The company originally planned to introduce “paid sharing” to US subscribers in Q1 2023 but delayed the start date to the summer, after seeing cancellations in markets where it had already launched the changes.[1] Under […]
Continue reading CAC declares Micron products pose “serious network security risks” in cybersecurity review
China’s Cyberspace Administration (CAC) has declared that products from US chipmaker Micron have failed a cybersecurity review, saying they posed “serious network security risks” and threatened “critical information infrastructure supply chain” and national security.[0] No specific risks were identified, but the ban could affect Micron’s 11% of revenue derived from sales to non-Chinese firms for […]
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