With its latest quarter results, Levi Strauss & Co (NYSE: LEVI) showed long gone are the days the jeans retailer depended on wholesalers like Macy’s Inc (NYSE: M) and Kohl’s Corporation (NYSE:
Reuters reported that Taiwan’s biggest earthquake since 1999 that took place on Wednesday morning is likely to disrupt Asia’s semiconductor supply chain.
On Tuesday, the mighty EV king, Tesla Inc (NASDAQ: TSLA) posted its first annual drop in sales since the first year of the pandemic. Simply put, rising EV competition from both Chinese, U.S. and European automakers ate into demand.
The EV king, Tesla Inc (NASDAQ: TSLA) kicked off the week by raising prices for all Model Y cars in the United States by $1,000. But last week, Bloomberg reported that Tesla has cut production at its Shanghai factory in response to intense competition and unsatisfactory growth in China.
Pfizer (NYSE: PFE) and Moderna (NASDAQ: MRNA) did not only earn billions of dollars from their COVID-19 leading products but also rose to fame for saving the world from an unforeseen pandemic.
On Monday, Microsoft Corporation (NASDAQ: MSFT) announced it will its chat and video app Teams will be sold separately from its Office offerings across the globe, six months after already unbundling them in Europe in an effort to avert a possible antitrust fine.
2023 was the year of electric pickups. The EV king, Tesla Inc (NASDAQ: TSLA) finally brought its long-awaited Cybertruck to market. But, even Tesla found this particular vehicle challenging, still having to conquer the mass production equation. But, the concept continues to evolve.