Technology

TMN - ford

Ford Inks Five-year Deal with Stripe to Push E-Commerce

Ford Motor Company announced that it had signed a five-year agreement with Stripe, Inc. to bolster the automotive giant’s e-commerce strategy. The vehicle maker’s financial arm, Ford Motor Credit, will use the technology of the online payment company for its services. The deal targets to process digital payments in North America and Europe markets. Correspondingly, …

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facebook logo

Facebook Loses Attempt to Dismiss FTC Antitrust Lawsuit

On Tuesday, Facebook, now Meta Platforms, lost its second attempt to dismiss the antitrust lawsuit filed by the Federal Trade Commission (FTC).  US District Judge James Boasberg rejected the motion to dismiss charges of illegal monopolization against the tech giant. He noted that the government agency had a plausible case that should be allowed to …

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china’s digital yuan

China’s Digital Yuan Tops Up Download Charts

China’s digital yuan wallet app became one of the country’s most downloaded applications last week, flagging disruption in the consumer payment market. The pilot mobile app, which launched last January 4, has already achieved 16.00 million downloads. Accordingly, reports showed that 2.00 million people downloaded the app through the Apple store. Then, there are an …

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tesla

Tesla Increases Full Self Driving Software Price to $12K

Tesla CEO Elon Musk mentioned that the firm would lift the price of its Full Self-Driving software from $10,000.00 to $12.000.00. Musk posted the announcement on Twitter last Friday. He indicated that the price adjustment would only be applicable for customers in the United States starting January 17.  The 20.00% hike came less than two …

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samsung

Samsung Electronics Expects Rise in Q4 Profit on Chip Demand

On Friday, Samsung Electronics Co., Ltd. stated that it forecasted its fourth-quarter operating profit to hike. Accordingly, the strong demand for server memory chips bolstered the gain.  In its earnings guidance, the South Korean tech giant expected an increase of 52.00% to $11.50 billion. Remarkably, the latest estimate was the highest quarterly figure in four …

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general motors

General Motors Reveals All-Electric Silverado Pickup Truck

General Motors Company unveiled its new all-electric Chevrolet Silverado pickup truck on Wednesday at the annual Consumer Electronics Show in Las Vegas. The automaker plans to have a work version of the battery-powered Silverado priced at $39,900 for fleet buyers in spring 2023.  At the same time, it aims to build a fully loaded RST …

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tesla

Tesla Beats Supply Chain Woes with 87% Jump in Deliveries

On Sunday, Tesla, Inc. posted a record annual vehicle deliveries with an 87.00% increase, surmounting the global chip shortages.  In the entire year of 2021, the world’s most valuable automaker delivered 936,172 vehicles. The figure is significantly higher than the 499,647 result in the preceding year. In the fourth quarter, it delivered 308,600 vehicles, far …

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