LAS VEGAS—German carmaker BMW has unveiled the world’s first “colour-changing” car at the Consumer Electronics Show (CES) in Las Vegas. The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car’s exterior into a variety of patterns in gray and white. “This is really energy efficient…
Samsung Electronics Q4 Profit Jumps on Server Chip Demand, Foundry Margins
SEOUL—Samsung Electronics Co. Ltd. said on Friday its fourth-quarter operating profit likely jumped 52 percent on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing. The world’s largest memory chip and smartphone maker estimated October–December profit at 13.8 trillion won…
Tech Company STMicro Reports Higher Than Expected Q4 Sales, Lifting Its Shares
PARIS—Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave a lift to its shares. Sales for the last three months of 2021 increased by 11.2 percent sequentially, coming in at $3.56 billion which was…
China Tech Crackdown Makes Beijing Loyalists Uncomfortable
January 7, 2022
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AnalysisChinaChina Business & EconomyChinese RegimecrackdownOpinionTechThinking About ChinaViewpoints
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News Analysis China’s tech sector is becoming uninvestable for a host of reasons, not least that the Beijing regime hates capitalism. It’s a communist country and its leader, Xi Jinping, appears to be a true believer and on track to be emperor for life. CNBC’s “Mad Money” celebrity investor, Jim Cramer, put it in about these…
World Shares Turn Lower After Tech-Led Decline on Wall Street
BANGKOK—World markets were lower Friday, tracking a retreat on Wall Street led by declines in big technology stocks. Shares fell in Paris, Frankfurt, Tokyo, and Shanghai but rose in Hong Kong. U.S. futures also slipped. A resurgence of coronavirus outbreaks has added to uncertainties over a revival of tourism and other business activity in many…
Stocks of Trump SPAC Digital World Acquisition Corp Soar After Social Media App Sets Launch Date
January 7, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDonald TrumpFeatured TopicsMedia & Big TechSocial MediaTechTrumpTruth SocialUSUS News
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Shares of the company which is taking former President Donald Trump’s social media platform public rose nearly 20 percent on Thursday after a listing on Apple’s app store showed an expected start date of Feb. 21—the U.S. Presidents’ Day holiday. Trump Media and Technology Group and Digital World Acquisition Corp., a Special Purpose Acquisition Vehicle (SPAC), announced in October…
Hackers Hit Major Portuguese Media Group, Take Down Websites
LISBON, Portugal—One of Portugal’s leading media conglomerates said Thursday that a group calling itself “Lapsus$” hacked the company’s online services, taking down some of its most popular websites and contacting subscribers. Grupo Impresa said the attack was aimed at disrupting the company’s services and sending fake news messages to subscribers, including one that said, “Breaking:…
Sony Looks to Electric Cars for Its Next Big Hit
Japan’s Sony Group Corp. plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc., comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles,…
GM’s Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
January 6, 2022
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Business & EconomyCompanieseconomic policiesElectric VehiclesEnvironmentFeDex Corp.General MotorsScienceTechUSUS NewsWalmart
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General Motors announced at the Consumer Electronics Show (CES) in Las Vegas on Jan. 5 that its electric commercial vehicle business, BrightDrop, has signed a new deal to supply thousands of battery powered trucks to Walmart and will supply additional units to FedEx. The financial terms of the two deals have not yet been disclosed…
Florida Mom Whose Public Comments Opposing CRT Went Viral Starts Her Own Podcast
Quisha King, the Florida mom whose public comments in opposition of Critical Race Theory (CRT) before the Duval County School Board went viral on social media, has officially launched her own podcast, “The Quisha King Show.” King, founder of the Mass Exodus Movement, political consultant, commentator, Moms for Liberty spokesperson, and education advocate; said her…
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