CNN Business — Let’s be honest: For much of the past decade, tech events have been pretty boring. Executives in business casual wear trot up on stage and pretend a few tweaks to the camera and processor make this year’s phone profoundly different than last year’s phone or adding a touchscreen onto yet another product […]
New Delhi CNN — As Apple looks beyond China to secure crucial supply chains strained by Covid lockdowns and threatened by rising geopolitical tension, India has emerged as an attractive potential alternative to the world’s second largest economy. And Beijing’s big regional rival isn’t missing a beat in talking up the opportunity. One of India’s […]
New York CNN — Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last […]
Reuters — Lyft (LYFT) on Thursday forecast current-quarter revenue below Wall Street estimates, blaming extremely cold weather in some of its major markets and lower prices, especially during peak hours, sending its shares down nearly 25% in extended trading. The company’s outlook was in contrast to that of its larger rival Uber (UBER), whose strong […]
CNN — The president of SpaceX revealed the company has taken active steps to prevent Ukrainian forces from using the critical Starlink satellite technology with Ukrainian drones that are a key component of their fight against Russia. “There are things that we can do to limit their ability to do that,” Gwynne Shotwell told reporters […]
CNN — Yahoo said Thursday that it will cut 20% of its total workforce by the end of this year as it restructures its advertising unit, just the latest example of the layoffs spreading throughout the tech and media industries. A Yahoo spokesperson told CNN that the company’s legacy ad tech division, Yahoo for Business, […]
Hong Kong CNN — Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called. “Frontier innovations […]
TotalEnergies (TTE) has not yet signed a contract, announced last year, to extend its partnership with India’s Adani to the production of green hydrogen, the chief executive of the French oil major said Wednesday. Patrick Pouyanne told reporters the company was waiting for the result of an audit launched by the Indian conglomerate in response […]
Hong Kong CNN — Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China. In a sales update on Sunday, the Taiwanese manufacturing giant reported revenue of 660.4 billion Taiwan dollars ($22 billion) in January, 48% more than the same period a year ago […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN — Meme stock mania was supposed to be over, right? Guess what: It’s not. Sure, the entire market did well in January. But many of the Reddit/WallStreetBets darlings of two […]
