Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players

[ad_1] This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | Lightrocket | Getty Images Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of years, the Taiwanese firm … Read more

7/22: CBS Saturday Morning

[ad_1] 7/22: CBS Saturday Morning – CBS News Watch CBS News Biden, leading tech companies announce voluntary safeguards on A.I.; Matt Moore, Nashville author and entrepreneur, returns to The Dish. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link

TSMC reports first profit drop in 4 years as electronics demand slump continues

[ad_1] A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images) Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, posted a second-quarter profit … Read more

Tesla shares dip after hours as earnings call disappoints

[ad_1] SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023.  Alain Jocard | Afp | Getty Images Tesla reported earnings after the bell, showing a … Read more

FTC and DOJ lay out new rules for merger review to reflect a digital economy

[ad_1] The Federal Trade Commission and Department of Justice said Wednesday that their new focus when evaluating mergers will include the impact a deal will have on competition for workers along with how a series of acquisitions, rather than one-offs, could result in harmful effects on the market. The new guidelines, currently in draft form, … Read more

Here are our top 4 stocks and worst 4 stocks to start the second half of 2023

[ad_1] Two weeks into the second half of the year, we put together a quick look at the top four performers and the bottom four in Jim Cramer’s Charitable Trust, the stock portfolio we use for the Investing Club. The first full trading week of July saw Wall Street under some pressure Friday after a … Read more

Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision

[ad_1] A photo illustration of the digital Cryptocurrency, Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are seen on September 13 2018 in Hong Kong, Hong Kong. Yu Chun Christopher Wong | S3studio | Getty Images Cryptocurrencies headed for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally. … Read more

Stocks rise, but Cramer cautions investors to ‘temper enthusiasm’

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Stocks rise on inflation data Stick with Disney Watch Meta 1. Stocks rise on inflation data U.S. equities climbed higher Thursday following the release of the U.S. Labor Department’s monthly … Read more

China finalizes first-of-its-kind rules governing generative A.I. services like ChatGPT

[ad_1] China artificial intelligence Ying Tang | Nurphoto | Getty Images Chinese regulators on Thursday finalized first-of-its-kind rules governing generative artificial intelligence as the country looks to ramp up oversight of the rapidly growing technology. The powerful Cyberspace Administration of China (CAC) said it worked with several other regulators to come up with the new … Read more

As Twitter continues to implode, advertisers pin their hopes on Threads

[ad_1] Advertisers are eagerly watching how Meta’s new Threads messaging app develops over the next few months as they look for a new social channel to reach consumers while Twitter continues to struggle. Instagram Threads debuted last week and has amassed more than 100 million sign-ups, which has caught the attention of numerous companies, several … Read more