July 9, 2024
LG Energy Solution profits fall sharply amid global EV downturn
Battery maker LG Energy Solution Ltd.’s second-quarter profit fell short of analyst expectations, as the global electric vehicle (EV) market continues to experience a slowdown.
Operating profit for the three months ending June 30 dropped 58% year-on-year to 195.3...
July 7, 2024
Threads vs. X: Meta’s App Reaches 175 Million Users in First Year
Threads, Meta’s alternative to X (formerly Twitter), has hit 175 million monthly users a year after its unexpected launch.
“What a year,” Meta CEO and Facebook founder Mark Zuckerberg said Wednesday on Threads, announcing the platform’s impressive...
July 3, 2024
Google’s Greenhouse Gas Emissions Spike 48% Amid AI Boom
Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant attributes this rise to the increasing amounts of energy needed by its data centers, exacerbated by the explosive growth of artificial...
June 29, 2024
Amazon Hits $2 Trillion in Value as AI Frenzy Fuels Rally
Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever as an artificial intelligence-fueled rally pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, pushing the market value to more than $2...
June 28, 2024
Investor Beware: Micron’s Selloff Exposes AI Stock Risks
Micron Technology Inc.’s post-results selloff serves as a fresh reminder to global investors about the risks inherent in betting on artificial intelligence chipmakers. The memory chip manufacturer’s shares fell about 8% in extended trading after issuing a forecast that did...