January 31, 2023

Samsung to keep up chip investment, undeterred by 8-year-low profit

South Korea’s Samsung Electronics Co Ltd on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to […]
January 31, 2023

TikTok faces a daunting calendar ahead in Washington

Congress is likely to vote on banning the app in February, while the company engages in ongoing talks with the Biden administration about whether TikTok can ever be safe for American users. In March, TikTok CEO Shou Zi Chew is scheduled to testify before lawmakers, […]
January 30, 2023

Think Chevron’s Profit Was Obscene? 5 Companies Will Blow It Away

Chevron’s (CVX) giant $36.5 billion 2022 profit certainly turned heads — including at the White House. But plenty of S&P 500 companies will make even more than the oil giant. The bulk of S&P 500 companies this week will report their fourth-quarter and full 2022 […]
January 30, 2023

Ford to cut prices of Mustang Mach-E, raise production after Tesla price cuts

Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%. Shares of Ford were down 2.4% before […]