Auto parts retailer Advance Auto Parts has announced a significant restructuring plan. By mid-2025, the company aims to close around 500 stores and reduce some jobs. This move comes as demand for vehicle parts has decreased, with fewer people choosing to repair their cars. The automotive industry h
Embracer, a big player in the gaming and entertainment industry, just released its report for the second quarter of 2024. The numbers aren't great: the company saw a 21% drop in net sales for its gaming group, down to around $782 million. Their entertainment and services division also took a hit, wi
You might have heard about the ongoing feud between Huawei and the US government. It's been a big deal in the tech world, with Huawei facing sanctions that make it tough for them to get the latest chips. But Huawei isn't letting that stop them. They're on a mission to expand their chip manufacturing
Meet Ai-Da, a robot with a creative twist. This humanoid, born in the UK in 2019, isn't your average machine. It's an artist, using AI algorithms and robotic arms to paint. Its latest masterpiece? An abstract portrait of Alan Turing, the British mathematician who kicked off AI in 1948. This isn't ju
Intel, a major player in the tech world, had a quarter that surprised everyone. Their shares jumped 9% after hours on Thursday due to better-than-expected revenue. Pat Gelsinger, Intel's CEO, has been facing a tough time with the company's performance, but the latest numbers brought some relief. The
Electric vehicles (EVs), especially those from Tesla, often come with a hefty price tag. But Tesla has been promising a more affordable option for years. In their recent quarterly report, they reiterated that plans are in motion to launch such a vehicle in the first half of 2025. This comes after di
This month, Sotheby's is putting up an unusual piece of art for sale: a portrait created by an AI robot named Ai-Da. The painting, called "A. I. God. Portrait of Alan Turing (2024), " is expected to sell for between $120, 000 and $180, 000. Ai-Da, who was created by British gallerist Aidan Meller, u
TSMC, the world's leading chipmaker, is set to start mass production at its newest facility in Arizona. This plant, top-notch and built in partnership with the US government, is showing impressive results. TSMC's US president, Rick Cassidy, shared in a webinar that the yields—a key measure of chip q
Boeing’s new CEO, Kelly Ortberg, has big plans to turn things around. He wants the company to be leaner and make higher-quality planes. But right now, Boeing is facing a big problem: a strike by thousands of workers. These machinists are upset about their contract and have been picketing outside a B
SpaceX recently made history with its Starship launch and reentry, showcasing American ingenuity. But while Elon Musk's company is breaking boundaries, the U. S. government is busy pursuing it with regulations from seven federal agencies. This isn't just about SpaceX; many U. S. companies are facing
