Baker Hughes, a major player in the oilfield services industry, recently shared its quarterly results. The company saw a notable increase in its adjusted profit, up by 11%. This growth was largely driven by the demand for equipment and services, like gas turbines and compressors, which are crucial f
TSMC, the world's leading chip maker, just had a stellar quarter. Profits shot up by 35%, and revenue was up 25. 5% from last year. This is big news because it shows that the demand for advanced chips, especially those used in AI, is skyrocketing. TSMC's success is not just about the numbers. It's a
Apple's latest budget-friendly iPhone, the 16e, is not selling as well as expected. This news comes from a reliable source who previously shared accurate details about Apple's plans. Despite the slow sales, Apple seems to be moving forward with the next model, the iPhone 17e, which is expected to la
Big banks and stock exchanges are getting serious about crypto. They want to give their customers a way to buy and sell digital currencies. But building their own crypto systems is hard and expensive. So, they're turning to companies like Binance for help. Binance is offering a ready-made solution.
Stellantis, the big car company, has decided to hit pause on its plans to launch advanced self-driving technology. They had big dreams of rolling out Level 3 autonomous driving, which would let drivers take their hands off the wheel in busy city areas. But now, they say the market just isn't ready f
Investors are betting big on the future of space travel. A company focused on space transportation just secured a massive $300 million investment. This funding round, known as a Series C, was led by a new player, Linse Capital, with support from DFJ Growth and several returning investors. The com
GM's electric van plant in Canada is facing a significant slowdown. The CAMI assembly plant in Ontario will switch from two shifts to one. This change means 500 jobs will be lost. The plant will be mostly idle from next month until October. This isn't the first time the plant has faced disruptions.
Hermes, the famous fashion brand, just announced some impressive numbers for the last three months of 2024. Their sales jumped by 17. 6%, reaching 3. 96 billion euros. That's way more than what analysts predicted. If you think about it, that's like getting a lot more pocket money than you asked for.
