Finance
Sony PlayStation to Boost Family Game Offerings Following “Cosmic Robots” Triumph
February 14, 2025 – Following the success of “Cosmic Robots” being named the Best Platform Game of the Year, PlayStation has announced plans to introduce more family-friendly titles. According to a report by VGC, Sony’s President, Yuji Hirota, mentioned during yesterday’s earnings call that the accolades recently received by the platform game, developed by Team…
Samsung Implements New Strategy: Linking Employee Bonuses to Stock Performance
January 20, 2025 – Samsung Electronics, the South Korean technology giant, is navigating through one of the most challenging periods in its history. The company has seen a significant decline in its share price over the past six months, primarily due to issues within its memory and semiconductor chip business. In response to this predicament,…
TikTok’s CEO Vows to Secure Platform’s Flourishing, Expresses Appreciation to Trump
January 18, 2025 – In a video message released on TikTok just four hours ago, the platform’s CEO, Shou Zi Chew, assured the public that he would leave no stone unturned to ensure TikTok’s continued prosperity. On Friday local time, the U.S. Supreme Court handed down a ruling declaring the “ban if not sold” law…
TikTok’s Fate in US Sealed as Supreme Court Supports Ban
January 18, 2025 – The United States Supreme Court has ruled in favor of maintaining the ban on short-video social media platform TikTok, setting the stage for the app’s potential removal from US markets as early as January 19th. In a unanimous decision, the Supreme Court stated that the provisionss at issue do not violate…
Apple Pay Expands ‘Buy Now, Pay Later’ Option in Partnership with Synchrony
January 17, 2025 – Following the discontinuation of its own “buy now, pay later” service, Apple Pay Later, in June 2024, Apple has announced a new partnership with Synchrony, a leading financial services company. Together, they have launched “Synchrony Installments,” a new “buy now, pay later” option for customers in the United States. The upcoming…
US Wraps Up Probe into Cruise Self-Driving Car Safety for Pedestrians
January 17, 2025 – The U.S. auto safety regulator announced on Wednesday local time that it has concluded its investigation into whether Cruise, the autonomous driving subsidiary of General Motors, had taken adequate measures to ensure pedestrian safety. The National Highway Traffic Safety Administration (NHTSA) launched the probe in October 2023, citing five incidents where…
Stellantis Italian Factory Hits 68-Year Low: Private Car Production Falls 46%
January 4, 2025 – According to a report published by Reuters on January 3rd, automaker Stellantis has experienced a significant drop in production at its Italian factories in 2024. The output fell by 37% compared to the previous year, marking the lowest level since 1956 and sparking concerns within the industry. The FIM-CISL union revealed…
Tesla Invests $98.7 Million in Land for Mexican Gigafactory
January 2, 2025 – Tesla has recently acquired four separate plots of land in Santa Catarina, Nuevo León, Mexico, covering a total area of 1194 hectares, at a cost of approximately $100 million, according to Milenio. The land parcels and their respective costs are detailed as follows: Parcel 1: 544 hectares, valued at $44,906,243. Parcel…
Toyota’s Market Value Jumps $20.9 Billion as it Aims to Double ROE to 20%
December 27, 2024 – Toyota Motor Corporation’s stock surged 8.78% at the close of the U.S. stock market on December 26th, resulting in a significant increase of $20.9 billion in market capitalization overnight. According to a report by Nikkei Asia on Wednesday, Toyota is striving to double its return on equity (ROE) target to 20%….
Microsoft and OpenAI Clash Over Cloud Collaboration and Revenue Sharing Terms
December 27, 2024 – According to recent reports from The Information, Microsoft and OpenAI are engaged in a dispute over the terms of their collaboration, with friction points primarily centering around their cloud computing transactions, revenue sharing, and intellectual property (IP) issues. It is alleged that since approximately October, Microsoft and OpenAI have been in…