TECH

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Server chip demand remains solid on cloud appetite -analysts Smartphone demand slows as inflation rises -analysts Strong dollar likely aided profits -analysts SEOUL, July 7 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even …

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Electric truck maker Rivian’s stock surges as deliveries triple

Rivian Automotive delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand. The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to …

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Elon Musk had twins last year with one of his top executives – Business Insider

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk and …

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GameStop board approves stock split plan, shares rise

Signage is seen at a GameStop in Manhattan, New York, US, December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – GameStop Corp (GME.N) said on Wednesday its board has approved a four-for-one stock split, sending the video game retailer’s shares up more than 5% in extended …

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Amazon partners with Grubhub to offer Prime customers meal delivery perks

The deal, announced Wednesday, will give Amazon (AMZN)‘s paying subscribers the option to sign up for a free one-year Grubhub+ membership (normally $9.99 a month) and receive unlimited free deliveries when they order from restaurants listed on the service. At the same time, Amazon could become a stakeholder in Grubhub’s business. Amazon has the option …

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Grubhub gets Amazon investment; Prime members to get fee-free food

July 6 (Reuters) – Amazon.com Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to US Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime Day” …

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UK antitrust officials investigate Microsoft’s $68.7 billion Activision Blizzard acquisition

The probe into what would be Microsoft’s biggest acquisition in its history will focus on whether the deal may substantially lessen competition — or create expectations that it might. Microsoft (MSFT) has previously said it expects antitrust officials to scrutinize how the deal, announced in January, may affect competition in the video game industry, app …

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Tesla no longer the world’s top seller of electric cars

Tesla’s commanding lead in the electric vehicle market is shrinking, according to sales figures released this week by Warren Buffett-backed Chinese automaker BYD. BYD revealed that it sold a whopping 641,350 “new energy vehicles” – or full-battery electric vehicles and plug-in hybrids – in the first six months of 2022, according to a company filing. …

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Crypto lender Voyager Digital files for bankruptcy

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, US, June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, …

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