SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, The latest in a string of deals designed to transform the lender into a one-stop financial shop. The deal is equivalent
Ford Motor Co. said it plans to stop production of the F-150 pickup truck at a Missouri assembly plant for at least a week, because of the global semiconductor-chip shortage, which continues to
Rivian started production of the R1T electric pickup in September 2021 and has built 1,015 vehicles last year, ( short of hitting its target of 1,200 due to supply-chain constraints) CEO, called the
Zoom Inc. unveiled an updated product aimed at enhancing customer support for businesses after a failed $14.7 billion bid last year for now rival call center software vendor Five9 Inc. The release of
Russia’s invasion of Ukraine will further strain supplies of semiconductor chips, amid a shortage that has already caused global production disruptions for tech companies and automakers for more than a year. Russia and
Donald Trump lit up the internet yet again!! With a rather odd comment about Putin as the Russian president sends troops into Ukraine as he allegedly called a “savvy” move and a “stroke
Advanced Micro Devices Inc. shares soared this week, as the company’s market value reached $188 billion –amid Wall Street’s growing optimism about the chipmaker’s prospects AMD’s current market capitalization has soared from less
Wheat climbed to a nine-year high on worries about potential supply disruptions in the Black Sea region, further buoying costs of food staples around the world. The escalating crisis over Ukraine has sparked
In pursuit to restore its credibility since founder’s shameful exit, Nikola corp. hired Michael Lohscheller, who oversaw the turnaround of Stellantis NV’s Opel division to help the U.S. electric-truck maker ramp up production.
Construction is scheduled to start in the summer but no specific date has been given by the company The facility is expected to employ more than 7,500 people and have the capacity to
