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Tag: industrial news

Amazon Used Secret 'Project Nessie' Algorithm to Raise Prices

Posted on 03.10.2023

Amazon.com used an algorithm code-named “Project Nessie” to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the FTC’s monopoly lawsuit. Source…

PNC earnings to be boosted buying capital commitment portfolio from ex-Signature Bank

Posted on 03.10.2023

PNC Financial Services Group Inc. PNC, -0.35% said Tuesday it’s purchasing a $16.6 billion portfolio of Signature Bridge Bank NA commitment facilities from the Federal Insurance Deposit Corp. for an undisclosed sum….

Netflix Plans to Raise Subscription Prices After Actors Strike Ends

Posted on 03.10.2023

What to Read Next Source link

Senators Probe TikTok's Executive Transfers From ByteDance

Posted on 03.10.2023

The senators want information about TikTok’s ties to its parent, including whether it disclosed recent personnel moves to the U.S. government. Source link

As Tesla Deliveries Sputter, BYD Looks Alluring

Posted on 03.10.2023

Tesla appears overvalued when compared with traditional carmakers. Less appreciated is the huge valuation gap that has opened up relative to its closest electric-vehicle peer. Source link

Meta Plans to Charge $14 a Month for Ad-Free Instagram

Posted on 03.10.2023

European users would have the option to pay a fee or agree to personalized ads, according to the company’s pitch to regulators. Source link

U.S. Car Sales Expected to Increase Again in the Third Quarter

Posted on 03.10.2023

The car market has yet to see an impact from UAW strike-related factory shutdowns. Source link

Vivek Ramaswamy's Former Company Is Doing Just Fine Without Him

Posted on 03.10.2023

Roivant wouldn’t be where it is without the Republican presidential candidate, but his departure has made the company more palatable to Wall Street. Source link

Japan to Give Micron Technology $1.28 Billion Aid for Chip Project at Hiroshima Plant

Posted on 03.10.2023

By Kosaku Narioka The Japanese government will give an aid of over a billion dollars to Micron Technology’s memory chip project at its Hiroshima plant, the country’s trade minister said, as part…

Boohoo Cuts Revenue Views on Slower Volume Recovery

Posted on 03.10.2023

By Michael Susin Boohoo Group has downgraded its fiscal 2024 revenue targets on slower-than-expected sales volume recovery, and reported a widened pretax loss for the first half. The London-listed online fashion retailer…

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