Photo: Jose Luis Gonzalez (Reuters) For many, hearing the name Foxconn immediately brings to mind iPhone production. It’s true, the Taiwanese company is a major producer of Apple’s smartphones and other products. But it also makes something companies like Nvidia, Amazon, and more are in high demand of: AI-related hardware. And Big Tech companies in … Read more
Renowned for its global connectivity, skilled workforce and affordability, Houston has emerged as a magnet for international businesses aiming to expand their operations and capitalize on the city’s unique advantages. With close proximity to major ports, including the Port of Houston, and access to international flights via George Bush Intercontinental Airport, which was recently ranked … Read more
Los Angeles CNN — Netflix has raised its prices again. The streaming giant said in its third-quarter earnings report that its premium ad-free plan in the United States will increase by $3 per month, to $22.99, starting Wednesday. Its one-stream basic plan will rise to $11.99 in the United States. All other plans, including its … Read more
New York CNN — Tesla reported a drop in third-quarter earnings as the electric vehicle maker fell short of Wall Street expectations. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years. Analysts surveyed by … Read more
Taipei CNN — Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the plans on Wednesday in … Read more
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. CNN — When a company goes public it’s kind of like their bar mitzvah. They’ve reached adulthood and are ready to take responsibility for their actions. But a lot of companies … Read more
CNN — Customs workers at a Minnesota airport discovered a traveler had brought a unique souvenir in her luggage: Giraffe feces. The passenger arrived at the Minneapolis-Saint Paul International Airport from Kenya on September 29, according to a news release from US Customs and Border Protection. “The passenger declared giraffe feces and stated she had … Read more
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. CNN — The dawn of the A.I. labor dispute era has begun. The Writers Guild of America this week became the first major labor union to secure a contract … Read more
CNN — A New York judge has found Donald Trump and his adult sons liable for fraud and canceled the Trump Organization’s business certification, saying the Trumps provided false financial statements for roughly a decade. Judge Arthur Engoron’s ruling came days before the civil case involving the New York attorney general’s office and the former … Read more
CNN — While the House and Senate remain far apart on a spending deal, the federal government will soon formally initiate the process of preparing for a potential shutdown, participating in the mandatory but standard process of releasing shutdown guidance to agencies ahead of the September 30 funding deadline. The standard procedure laying out the … Read more