Ford Electric Vehicle Production Plans Scaled Back Due to Customer Reluctance In a move that reflects customers’ hesitancy to pay a premium for electric vehicles (EVs), Ford has decided to delay approximately $12 billion in planned spending on new EV manufacturing capacity. Despite a growing demand for EVs in the industry, the rate of growth…
Amazon, Intel, Ford, Chipotle Mexican Grill, Capital One, Dexcom, Deckers Outdoor, and Enphase Energy were among the companies that made headlines after the bell. Amazon’s shares remained relatively flat as the e-commerce giant issued fourth-quarter sales guidance ranging between $160 billion to $167 billion. This exceeded analysts’ predictions of $166.6 billion. Amazon had also surpassed…
Honeywell (HON) shares faced a decline on Thursday following the release of their third-quarter results, which were deemed disappointing by investors. The industrial conglomerate managed to exceed expectations in terms of earnings and cash flow, albeit only slightly. However, the overall outlook for the remainder of the year did not offer much to spark enthusiasm….
Private equity (PE) and venture capital (VC) investments in India experienced a significant 60% year-on-year growth in the July-September quarter, reaching a total of USD 13.6 billion. This data comes from the latest EY-IVCA monthly PE/VC roundup. The report reveals that the third quarter of 2023 witnessed investments worth USD 13.6 billion across 209 deals,…
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, experienced a decline in stock price of about 3% following the release of its third-quarter earnings report. Despite this decline, Meta exceeded analyst expectations for advertising revenue, indicating a continued rebound in the digital advertising market. Investors were pleased with Meta’s guidance on expenses for…
Title: S&P Oscillator Signals Investor Concerns as S&P 500 Dips by 1.4% In a recent market move, the S&P Oscillator has ventured further into oversold territory following a notable 1.4% decline in the S&P 500 on Wednesday. This development has prompted significant action from investors and market participants. The S&P Oscillator, utilized to assess market…
Astronomers Explore Dark Matter in Search for Understanding of the Universe The introduction of imaginary numbers was a surprising moment for many of us in school. Dealing with regular maths daily was already challenging, but now we had to grasp the concept of the truly incomprehensible. Astronomers, who are known for their penchant for tackling…
Google Maps Unveils New Features and Expands Existing Ones Google Maps is rolling out a range of updates and new features, according to a recent announcement. The company’s advancements in artificial intelligence (AI) have contributed to improvements in the EV charging station feature, more specific recommendations for nearby activities, and enhanced visualization. These new features…
Indian technology sector witnesses surge in deal values amid decline in volumes The Indian technology sector experienced a significant boost in deal values in the third quarter of this year, according to a report released on Thursday. The report, conducted by Grant Thornton Bharat, revealed that there were 87 deals worth $1.4 billion during this…
Supreme Court Upholds Conviction in Murder Case, Relies on Eyewitness Account September 20, 2023, 15:37 IST Reported By: Sanya Talwar The Supreme Court recently ruled that an eyewitness’s account of a murder cannot be expected to provide a blow-by-blow description of the crime. In a murder case, the court relied on ocular evidence rather than…
