Tag Archives: Record

On Giving Tuesday, known as “the biggest celebration of generosity” that is celebrating its 10th anniversary, Google Pixel announced that they will be contributing $1 million to the NBA Foundation. This donation is the largest for the Foundation to date from an NBA partner.  Similar to the NBA Foundation, Google Pixel has had a history of supporting Historically Black colleges and universities. The partnership between Google Pixel and the NBA dates back to 2021, when Google Pixel was… Source link

In what is considered the largest privacy-related settlement in history, Google will pay $391.5 million to 40 states to settle an investigation by 40 state attorneys general.  The bipartisan coalition of attorneys general alleged that Google misled users into believing that opting out of sharing their location data prevented the company from tracking users’ locations.  But even when users opted out of location tracking, researchers confirmed that Google… Source link

MOSCOW (Reuters) – President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began. Auto sales have fallen over 60% so far this year, and may end up being less than a quarter of what they were a decade ago, according to Maxim Sokolov, head of Russia’s top carmaker Avtovaz. Some of this year’s drop is due to the pullout of foreign… Source link

Despite fresh price cuts in the region, Tesla sales in China tapered off in October. The China Passenger Car Association (CPCA) reported Tesla delivered 71,704 China-made Model 3 and Model Y vehicles in October, which was a 14% drop from September. Tesla’s September sales of 83,135 were an all-time high for Tesla in China, after the automaker upgraded its Shanghai Gigafactory this summer in order to boost production to over 750K vehicles a year. Despite the drop in Tesla deliveries, total… Source link

Delta Air Lines reported record revenue in the third quarter, and CEO Ed Bastian attributed the “tremendous demand” to business performance to a shift of consumer dollars from goods to services. “Consumers are prioritizing investing in themselves, experiences and services, rather than buying things” Bastian told Yahoo Finance. Comparing the Q3 report to consensus estimates compiled by Bloomberg: Adjusted net income: $966 billion (including a $35 million impact from Hurricane Ian) vs $994… Source link

Inflows to stocks neared a record last week as bets on a bottom forming spurred major dip-buying across U.S. equities. The optimism, however, is likely premature, according to Bank of America. Analysts at the bank said in a Tuesday note that allocations to equities reached the third-highest sum since 2008 during the five-day period, according to client data — a sign investors believe indicates that the market sell-off is nearing an end. But BofA contested the notion that the worst is behind… Source link

EV (electric vehicle) stocks are on the move today as third quarter earnings season approaches. Here are two big stories that have investors’ attention. Rivian announces a big recall Rivian (RIVN) shares are sliding today after the electric adventure truckmaker announced it would recall all of the vehicles it has produced thus far due to a safety issue. The recall affects around 13,000 vehicles Rivian has delivered to customers. The safety concern at issue is a nut that attaches the front… Source link

Google (GOOGL) suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure. The unit of US tech giant Alphabet had challenged an earlier ruling, but the decision was broadly upheld by the Europe’s second-highest court in Wednesday’s… Source link

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, with temperatures in several provinces routinely reaching 40°C (104°F). But one key province is experiencing the worst financial repercussions from the… Source link

Republicans successfully stripped a proposed $35 per month cap on out-of-pocket spending on insulin for patients enrolled in private insurance from the tax and climate bill. The Senate parliamentarian had ruled that the provision, sponsored by Georgia Democratic Senator Raphael Warnock, is not primarily related to the federal budget. That gave the GOP a chance to raise a procedural objection. Waiving the rules required 60 votes to succeed. Seven Republicans sided with Democrats to keep the… Source link