Government pressure could hit iPhone and Android sales hard
The German federal government is looking at putting an end to the view that a smartphone has a lifespan of a few years and is looking at pursuing strict environmental regulations so that manufacturers have to offer spare parts and security updates for…
Tech Analyst Says Valuations ‘Hit a Wall’ Following Recent Gains
(Bloomberg) — Shares of technology companies have soared over the past few months, and valuations “have hit a wall,” suggesting there could be limited additional upside over the near term, according to Jefferies. Analyst Brent Thill believes that…
Ford says electric Mustang prototype can hit 1,400 horsepower with 7 motors
Ford wanted to show what an electric car can do, so it created the all-electric Mustang Mach-E 1400. At 1,400 peak horsepower, this track monster should show quite a bit. The prototype race car is powered by seven motors and a 56.8-kilowatt-hour battery.…
Stocks Hit Highest Since February on Tech Rally: Markets Wrap
(Bloomberg) — U.S. stocks advanced to the highest since February, with the stay-at-home trade thriving even as investors received encouraging news on a potential virus vaccine. The dollar weakened to an almost six-week low. The S&P 500 turned…
SoftBank job pledge could hit plans for multi-billion Arm sale
SoftBank chief Masayoshi Son – Kim Kyung Hoon/Reuters The Japanese owner of British microchip company Arm faces a hurdle to any sale of the business in the next year due to a legally-binding pledge to hire hundreds of new staff in the UK. SoftBank…
Betting on Offshore Oil and Gas could be Challenging, as Sector Hit by COVID and China Risks
A long list of international offshore drilling operators are reporting negative figures, or are even going out of business. The hey-days of the GOM, North Sea or West Africa are already long over, but even new emerging plays in Brazil, Arctic, Middle…
Volkswagen ID.3 to hit dealerships next week
It has been four weeks since Volkswagen started accepting pre-orders for the limited ID.3 1ST, and the company has now decided to open the ordering system to the public next Monday, July 20, 2020. Seven pre-configured ID.3 models will be made available…