South Korean automakers, Hyundai and Kia, confirmed earlier this month that they are not in talks with Apple to develop a self-driving car. Hyundai and Kia confirmed this in their regulatory filings on February 8 and both companies saw their stock prices fall after their reports. Hyundai’s stock fell by 6.21%, while Kia’s stock fell by 15%
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There comes a time of year when everyone gathers to celebrate the end of something important. Of course, the conversation is about the Super Bowl. Every year, Americans gather at a house with a large TV in large numbers to divulge in food and drink and watch the two best teams duke it out in what is always poised to be the best game of the year.
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In the early fall, automakers Volkswagen and General Motors were optimistic about the auto industry’s recovery. Demand was rebounding from pandemic lows and factories were getting back to work. Unfortunately, multiple red flags were raised by the chip manufacturing industry.
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It is no secret that businesses across various industries have been badly affected by the outbreak of the novel coronavirus, COVID-19. Many companies have lost revenue or been forced to close due to a lack of consumer traffic and others have had to greatly reduce their expenditures to stay afloat.
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Apple has been using Intel’s x86 chips in models of their Mac computers since 2006, when the company transitioned from IBM’s PowerPC microprocessors. This big move generated some skepticism and claims of risky business practice emerged due to Intel’s perceived inferiority to IBM processors.
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Just as the auto industry demonstrated signs of recovery from the shutdowns last spring due to the coronavirus pandemic, an untimely issue regarding a dearth of semiconductor chips has arisen. Because of the global shortage of these silicon chips, nearly every major automaker, including Ford Motor Co, Toyota, and Nissan, have halted some form of car production and furloughed workers. Specifically, Ford and the General Motors Company predict lost earnings due to this unforeseen problem, potentially losing $2.5 billion and $2 billion, respectively.
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Investing in the stock market can be a very risky thing. Some individuals even compare it to gambling because it is hard to forecast the outcome of the stocks that one buys. For example, will the stock’s price rise or fall? Will one lose everything they invested? Or will one make enough money to retire early? It is nearly impossible to know. In recent weeks, the stock market has caught everyone’s attention in the nation and worldwide. By now, individuals across the country have probably heard of the GameStop (GME) stock frenzy. But what happened?
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n attack by an unidentified extremist group left 14 Burkina Faso soldiers dead in their country’s portion of the Sahel on November 11. The Sahel region, which stretches from Senegal in the West to Eritrea in the East, has experienced an increase in violence from extremist groups like al-Qaeda and the self-proclaimed Islamic State, leading to the deaths of over 2,000 people in Burkina Faso alone.
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A new Vatican report has revealed that Pope John Paul II ignored reports about ex-cardinal Theodore McCarrick’s sexual misconduct. This discovery has led many to question his legacy as one of the most beloved and admired Catholic leaders in recent history.
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TikTok is a fast growing social media platform challenging all the current market leaders but has its fair share of issues when it comes to both external and internal regulation.
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