Honor demonstrated how its smartphone eye-tracking technology could be used to control a car. Honor BARCELONA — Chinese firm Honor on Sunday showed off technology that allows a user to control a car just by using their eyes. The company’s Magic 6 Pro device launched internationally on Sunday at the Mobile World Congress in Barcelona,… Continue reading Huawei spin-off Honor shows off tech to control a car with your eyes and chatbot based on Meta’s AI
Author: CNBC Online news
Ford, Disney, Costco and more — Jim Cramer provides his updated views on each
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the… Continue reading Ford, Disney, Costco and more — Jim Cramer provides his updated views on each
Carvana stock surges on first annual profit, pair of analyst upgrades
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Carvana shares surged 30% Friday after posting its first-ever annual profit and receiving a pair of upgrades by Wall Street analysts. The used-car retailer has been trimming inventory and expenses as it rebounds from… Continue reading Carvana stock surges on first annual profit, pair of analyst upgrades
Rivian and Lucid shares plunge after weak EV earnings reports
A Rivian electric truck sits parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California. Justin Sullivan | Getty Images Shares of electric vehicle makers Rivian and Lucid plummeted Thursday after the companies reported disappointing results and stagnant production in their fourth-quarter earnings after the bell Wednesday. Rivian… Continue reading Rivian and Lucid shares plunge after weak EV earnings reports
Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks in… Continue reading Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Tesla faces hurdle in Germany as locals vote to oppose factory expansion
Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023. Patrick Pleuil | Picture Alliance | Getty Images Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company’s battery and car assembly… Continue reading Tesla faces hurdle in Germany as locals vote to oppose factory expansion
Ford, UAW reach local labor deal to avert strike at Kentucky plant
Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, on April 27, 2023. Joe White | Reuters Ford and a United Auto Workers local union, UAW Local 62, reached a tentative deal on Wednesday to avert a strike at the automaker’s most profitable plant. The UAW had threatened that… Continue reading Ford, UAW reach local labor deal to avert strike at Kentucky plant
EV boat maker Arc debuts a premium wake sport model for $258,000
Arc Boat Company’s fully electric Arc Sport model gets four to six hours of typical use on a single charge. Arc Boat Company Arc Boat Company began sales of its second electric boat model in just three years this week. The new $258,000 Arc Sport was designed for wake sports enthusiasts and follows the company’s… Continue reading EV boat maker Arc debuts a premium wake sport model for $258,000
Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’
The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023. VCG | Visual China Group | Getty Images Xpeng plans to hire 4,000 new people and invest in artificial intelligence technology, according to the company’s CEO, who warned… Continue reading Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’
Companies — profitable or not — make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker… Continue reading Companies — profitable or not — make 2024 the year of cost cuts