During the recent Remarketing Expert Track on March 7th, 2024, Dr. Christof Engelskirchen, Chief Economist at Autovista Group, delivered an insightful outlook on the European market and shared essential forecasts on emerging concerns. “Slowbalisation” In his presentation, Mr. Engelskirchen offered a perspective on the used vehicle market by juxtaposing current trends with the pre-pandemic era. … Read more
Mobile World Congress 2024, the world’s biggest mobile trade show, had a lot of future-looking tech on display. Arjun Kharpal | CNBC Artificial intelligence took center stage, but there was also plenty of experimentation with different types of screens and first looks at some devices from some of the world’s biggest tech firms. Motorola showed … Read more
Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs on Thursday, buoyed by record-breaking results from chipmaker Nvidia that set off a rally in other technology companies. The S&P 500 rose 2.1% Thursday to a fresh record, while the tech-heavy Nasdaq added 3%. The Dow, which has a smaller weighting in … Read more
The Biden administration said Monday the government is providing $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law enables the government to invest more … Read more
Financial fraud is as prevalent today as it was over 100 years ago, when the Italian con artist Charles Ponzi was swindling investors out of their fortunes in one of the earliest high-profile financial scams ever recorded. With the next recession or economic downturn in the back of investors’ minds, law enforcement officials are on … Read more
LAS VEGAS (AP) — Welcome to opening day of CES 2024. This multi-day trade event put on by the Consumer Technology Association is expected to bring in some 130,000 attendees and more than 4,000 exhibitors to Las Vegas. Swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more — … Read more
Electric vehicles have nearly 80% more problems and are generally less reliable than cars propelled by conventional internal combustion engines, according to a new report from Consumer Reports. Plug-in hybrid electric vehicles (PHEV) have an even worse scorecard, with an average of almost 150% more problems, the consumer group found. By contrast, ordinary hybrid cars are … Read more
Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition. Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because … Read more
Fisker Inc, driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced that David King has been promoted to Chief Technology Officer. King will immediately assume his new role, replacing Dr. Burkhard Huhnke, who is leaving the company for personal reasons. King joined Fisker in 2021 after three decades in … Read more
Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo of … Read more