Category: News
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Ford EVs to Access Tesla’s Supercharger Network in 2024: A Game-Changing Partnership
Ford has announced that its electric vehicles (EVs) will soon have access to Tesla’s Supercharger network, starting in early 2024. Under the partnership, Ford EVs will be able to access Tesla’s 12,000 Superchargers across the US and Canada, in addition to the 10,000 DC fast-chargers already available on Ford’s BlueOval Charge network. Buyers of Ford’s…
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Nvidia’s Q1 Earnings Report: Strong Data Center Demand and Impressive Q2 Revenue Projections
Nvidia’s recent earnings report has sent shockwaves through the tech industry, with the AI chipmaker reporting Q1 earnings of $1.09 per share on $7.2 billion in revenue, significantly higher than analysts had predicted.[0] Nvidia also announced that it expects Q2 revenue of $11 billion, compared to the expected $7.2 billion, thanks to strong demand for…
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Germany Enters Recession Amidst Inflation and Higher Interest Rates
Germany has officially entered a recession, as inflation and higher interest rates have curbed demand in Europe’s largest economy.[0] Official figures released on Thursday showed that economic output fell by 0.3% in the first quarter of 2023, marking the second consecutive quarter with a decreasing gross domestic product.[1] The drop was largely attributed to lower…
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Nvidia’s Revenue Guidance for Q2 Sends Shares Soaring 25% in After-Hours Trading
Nvidia shares surged nearly 25% in after-hours trading on Wednesday after the company reported market-crushing revenue guidance for its fiscal second quarter.[0] The company expects to generate $11 billion, plus or minus 2%, with solid demand for its artificial intelligence (AI) chips driving the growth.[0] This comes despite a 13% decline in the top line…
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Nvidia Beats Q1 Expectations with Surging Demand for Data Centre Products Driven by Generative AI
Nvidia, the leading provider of graphics processing units (GPUs), has reported its first-quarter earnings for fiscal year 2024, beating analyst expectations on both revenue and earnings per share.[0] The company’s shares soared following the announcement, rising by over 20% in post-market trading.[0] Nvidia has attributed the strong results to surging demand for its data centre…
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Netflix Implements Paid Password Sharing Initiative in the US and Warns UK Telecoms Companies of Backlash
Netflix subscribers in the US are now required to pay an additional $7.99 per month to share their accounts with people outside of their household.[0] The streaming platform announced the change via a blog post, in which it explained that it will send an email to US members who are sharing their accounts outside of…
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Netflix Cracks Down on Password Sharing, Offers Paid Extra Member Option
Netflix’s decision to crack down on password sharing has been a long time coming. The company previously turned a blind eye to password sharing because it was fueling growth, but last year it said it was going to take action because it was hurting its bottom line.[0] The streaming giant estimated that more than 100…
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Ford Motor Company to Restore AM Radio to All 2024 Models and Offer Software Update to Previously Sold Electric Vehicles
In a move to prioritize public safety, Ford Motor Company announced on Tuesday that it will restore AM radio to all its 2024 models and will offer a software update to add the feature to previously sold electric vehicles without it.[0] The decision came after a bipartisan group of lawmakers introduced the AM for Every…
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Netflix Enforces Password Sharing Crackdown in US and Global Markets
Netflix’s crackdown on password sharing has finally rolled out to US subscribers and other global markets, following a delayed launch. Under the new rules, US subscribers will have to either kick people off their Netflix account or pay $7.99 per month for an additional membership for those outside their main household.[0] Netflix has been talking…
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Lowe’s Q1 Results Show Dip in Earnings and Sales, But Optimism Remains for Total Home Strategy
Lowe’s Companies, Inc. (LOW) is set to release its first quarter results on May 23, with earnings expected to be at $3.49 per share, a slight dip from the prior year’s quarter.[0] Sales are projected to decrease by 8% to $21.65 billion.[0] Despite the dip in earnings, the company is expected to rebound and see…