Polestar’s relatively positive results come after other EV startups like Lucid, Nikola and Rivian reported ongoing problems with supply chains and production.
Macy’s shares jump after holiday-quarter profit tops expectations
Macy’s delivered a bigger profit than expected during the holiday quarter.
Salesforce’s strong results are impressive given activist pressure, Wall Street analysts say
The results give CEO Marc Benioff a reprieve from activist investor firms such as Third Point and Elliott Management.
A South Korean telco giant has its own A.I. chatbot — and says it’s a ‘super app’ version of ChatGPT
SK Telecom is planning this year to fully launch “A.”, its artificial intelligence chatbot and its answer to OpenAI’s ChatGPT.
JPMorgan downgrades electric vehicle stock Nio, says expectations are too high
Analyst Nick Lai said it will be increasingly challenging for the electric vehicle maker to deliver on high expectations.
WH Smith says employee data was illegally accessed in cyber incident
British retailer WH Smith is investigating a cyber security incident.
Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over
Inflation in the euro zone came in at 8.5% in February, while the ECB signalled interest rate hikes could still continue.
White House aims to shift cybersecurity burden from individuals and small businesses to tech providers
The Biden administration said software makers should be responsible for taking reasonable precautions to secure their products and services
Not all passports are created equal. Here’s a list of the most powerful ones
The United Arab Emirates has the strongest passport in the world, followed by Luxembourg and Switzerland, according to a 2023 index by Nomad Capitalist.
Ukraine war live updates: Biden to meet with EU’s von der Leyen; U.S. says China has not given Russia weapons
Russian forces appear to be tightening the noose around the city of Bakhmut in Donetsk, prompting military analysts to question whether Ukraine should withdraw.