Newsfeeds Archive - Page 234 of 19074

2 minute read

Chipmaker Intel Pauses Construction Of $25B Chip Plant In Israel: Report

June 11, 6:08 AM

Intel has reportedly paused its plans to build a $25-billion semiconductor facility in Israel, citing the need for flexibility in project timelines and management strategies due to evolving business conditions. This pause comes despite a significant $3.2 billion incentive from the Israeli government, aimed at strengthening the global supply chain.

FTXL

2 minute read

Yext Posts Downbeat Results, Joins Contango Ore And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session

By Avi Kapoor

June 11, 5:31 AM

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Tuesday. Shares…

CTGO

2 minute read

News
Tech

Rivian To Introduce In-Vehicle Hotspot, Google Cast & YouTube With Connect+ This Summer

By Anan Ashraf

June 11, 5:26 AM

California-based Rivian Automotive Inc (NASDAQ:RIVN) has announced a new set of connectivity features on its vehicles called Connect+…

RIVN

2 minute read

Tesla Crash Coming? Bearish Analyst Predicts 5% Stock Tumble If Musk’s Pay Plan Is Voted Down — But Sees A Silver Lining

By Shanthi Rexaline

June 11, 5:21 AM

He anticipates a significant number of passive investors, who comprise roughly 20% of Tesla's shareholder base, will follow the proxy firms' advice.

TSLA

3 minute read

Uncategorized

Alibaba’s New E-Commerce Strategy Prioritizes Growth Over Profitability: ‘To Some Extent, We Shot Ourselves In The Foot,’ Analyst Warns

By Benzinga Neuro

June 11, 5:14 AM

Alibaba Group Holding is prioritizing long-term growth over near-term profits. However, analysts are warning that the e-commerce giant's efforts might be hampered by fierce competition.

BABA

1 minute read

ZEEKR Intelligent Tech Reported Q1 Vehicle Deliveries of 33,059 Vs 15,234 YoY

By Benzinga Newsdesk

June 11, 5:09 AM

Operating Highlights for the First Quarter of 2024 Total vehicle deliveries were 33,059 units for the first quarter of 2024, representing a 117% year-over-year

2 minute read

Ethereum-Based Crypto Token Crashes — Analytics Firm Thinks Bold Buyers Can Snag A Bargain

By Aniket Verma

June 11, 4:51 AM

A cryptocurrency token belonging to a platform that suffered a $5 million exploit has plunged sharply, and an analytics firm thinks it presents an opportunity for bold dip buyers to add it to their portfolios.

$LRC

2 minute read

Jeff Bezos-Backed Perplexity CEO Criticizes Google’s Ad-Heavy Model: ‘It Ended Up Going The Same Path As Yahoo’

By Benzinga Neuro

June 11, 4:35 AM

Perplexity, an AI-powered search engine supported by Jeff Bezos and frequently used by Nvidia CEO Jensen Huang, highlights concerns over Google's ad-heavy model. The CEO of the AI search engine cites decreasing engagement and a growing desire for more direct, user-centric search experiences.

GOOGL

1 minute read

M&A
News

Descartes Acquires BoxTop Technologies Which Offers Shipment Management Solutions For Small- To Mid-sized Logistics Services Providers; Financial Terms Undisclosed

By Benzinga Newsdesk

June 11, 4:33 AM

U Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited ("BoxTop"), a leading

DSGX

2 minute read

Ripple Sets Up Fund To Propel Blockchain Innovation In Japan And South Korea

By Benzinga Neuro

June 11, 4:28 AM

In a recent development, the blockchain firm Ripple (CRYPTO: XRP) has established a fund in Japan and Korea to bolster innovation on its XRP Ledger.

$XRP