Foxconn, a key supplier for Apple, recently reported a 33% increase in fourth-quarter profit, surpassing expectations. The surge in profit was attributed to the high demand for AI servers and robust sales during the holiday season. The company’s net profit for the October-December quarter reached T$53.14 billion, up from T$40 billion in the same period
Wall Street
The lithium industry, particularly in the production of batteries for electric vehicles, is undergoing significant changes. Albemarle, a key player in the sector, has announced plans to introduce auctions for the sale of lithium supplies as part of an effort to enhance market transparency and address the challenges facing the industry. The Need for Transparency
Apple’s App Store has long been a source of high profit margins and steady revenue for the tech giant. However, in a major concession, Apple announced changes to comply with the European Union’s Digital Markets Act (DMA), allowing developers to distribute their apps directly to consumers. This move could potentially impact Apple’s financial gains from
The political landscape in Haiti remains uncertain after Prime Minister Ariel Henry announced his resignation, leaving many Haitians relieved but cautious about the future. Henry’s decision to step down comes after months of escalating gang violence that has plagued the nation. While his resignation was welcomed by some, questions surrounding security and stability still linger.
The U.S. Insurance Institute for Highway Safety (IIHS) recently conducted a study that scrutinized the performance of various assisted-driving systems offered by major automakers. Shockingly, Tesla’s Autopilot and Full Self Driving technology, alongside nine other systems, received “poor” ratings in the assessment. The IIHS, known for its stringent safety evaluations, emphasized that there is no
Recent meetings between Chinese regulators and financial institutions have shed light on the troubling situation surrounding state-backed property developer China Vanke. Reports indicate that regulators have urged large banks to increase their financing support for Vanke, while also requesting private debt holders to engage in discussions regarding maturity extensions. The urgency of the situation is
Nvidia, a major player in the world of artificial intelligence, is facing a lawsuit from three authors who claim that the company used their copyrighted works without permission to train its NeMo AI platform. The authors, Brian Keene, Abdi Nazemian, and Stewart O’Nan, allege that their books were part of a dataset used to teach
In a recent incident involving a Boeing 737 MAX 9, the National Transportation Safety Board (NTSB) discovered that key documents detailing the removal of a critical part during production were never created. The door plug of an Alaska Airlines 737 MAX 9 jet flew off mid-flight due to missing bolts, raising concerns about the manufacturing
Boeing, a leading aerospace company, is making significant changes to how it compensates its employees in order to shift the focus towards safety and quality. This decision comes after the company faced production issues, particularly highlighted by the recent incident involving an Alaska Airlines door plug blowout. According to a report by the Wall Street
Boeing has come under fire for failing to provide U.S. regulators with the names of its employees on the 737 MAX door team. This issue was brought to light during a Senate hearing where criticism was directed towards the aircraft manufacturer for not cooperating with the National Transportation Safety Board’s ongoing investigation into an Alaska