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%….
Musk’s Acquisition Leads to a 40% Drop in X Platform’s 2023 Half-Year Revenue
June 19, 2024 – Since Elon Musk’s acquisition of the X platform, previously known as Twitter, the company has experienced a significant decline in revenue, as the billionaire entrepreneur had anticipated. According to regulatory documents obtained by Bloomberg, the X platform generated 1.48billioninrevenueduringthefirsthalfof2023,representingadecreaseofapproximately4044 billion. The documents also revealed that the X platform incurred a loss…
LoveFrom by Jony Ive Gets a Makeover: Introducing a New Font and Mascot
September 27, 2024 –LoveFrom, the design firm founded by former Apple design chief Jony Ive, has announced a significant rebranding effort. Alongside its minimalist text logo, the company has introduced a delightful new animated logo featuring a bear mascot named Montgomery. The new logo was unveiled to the world by LoveFrom designer Mike Matas via…
Regulatory Storm: Apple Faces Legal Challenges in 2024
January 02, 2024 – In the coming months, regulatory authorities in the United States and the European Union are gearing up to implement a series of decisions that could lead to legal ramifications for Apple in 2024, impacting its service business with an annual revenue of $85 billion. Antitrust Investigation against Google Reports reveal that…
Apple Offers Refurbished 2023 Mac Pro with M2 Ultra Chip at 16% Off
September 20, 2023 -In a surprising turn of events, Apple has just listed the M2 Ultra-powered Mac Pro in their refurbished store in the United States, marking the first time this model has been offered at a discounted price since its initial release. The base model of the Mac Pro, featuring the “M2 Ultra” chip,…
Samsung’s Upcoming Exynos 1480 Chip to Feature AMD GPU
October 19, 2023 – Samsung’s upcoming Exynos 1480 chip is set to feature an AMD GPU, according to the latest information from the GeekBench benchmark database. Samsung is currently in the process of developing the Exynos 1480 processor, which is expected to find its home in the upcoming Galaxy A55 smartphone. While this processor is…
OpenAI CEO Cancels Tesla Roadster Order After 7.5 Years of Waiting: ‘Too Much to Bear’
October 31, 2025 – OpenAI’s CEO, Sam Altman, recently made waves on X (formerly Twitter) by revealing that he had just canceled his pre-order for Tesla’s highly anticipated Roadster electric supercar. According to a screenshot shared by Altman, he placed the reservation for the Roadster on July 11, 2018. In his cancellation email, he wrote,…
Nissan to Slash 10,000 More Jobs Amid Persistent Performance Woes
May 13 2025 – Japanese broadcaster NHK reported today that Nissan Motor Co. has finalized plans to cut an additional workforce of over 10,000 employees both domestically and internationally as the automaker battles worsening financial performance and aims to revitalize its operations. When combined with previous restructuring initiatives, the group’s total layoff count is projected…
EU Approves Subsidies for Diamond Foundry’s Spanish Wafer Factory, Targeting Production Launch Next Year
December 27, 2024 – The European Commission has approved an €81 million subsidy from the Spanish government for Diamond Foundry’s diamond wafer fabrication plant in Trujillo, western Spain, on the 16th local time. Diamond, praised by some as the “ultimate semiconductor material,” boasts exceptional material properties such as an ultra-wide bandgap, high carrier mobility, high…
Lamborghini CTO: Timing Not Ripe for Fully Electric Supercar, Focus Remains on Hybrids
October 9, 2024 – At the recent Urus SE unveiling, Lamborghini Chief Technical Officer Rouven Mohr expressed skepticism about the current market readiness for a fully electric supercar. “The timing isn’t ripe yet for introducing an electric supercar,” Mohr stated. “There are already numerous electric models on the market, but they haven’t achieved true success.”…