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Business

Ford Threatens Vehicle Price Hike in May if U.S. Tariffs on Foreign Cars Stay Unchanged

Ford Motor Company may increase vehicle prices in May due to U.S. tariffs on foreign-made cars, as communicated in a memo to dealers. The move hinges on President Trump's tariff po...

Business

TSMC Announces Significant 30% Price Increase at US Foundries Due to Rising Operational Costs

TSMC is raising prices at its US foundries by 30% due to higher operational costs, impacting major tech companies like Apple and Nvidia. This move comes amid uncertainty over US ta...

Business

Abbott Labs Surges with an 8.2% Profit Increase to $1.3B in Q1 2025

Abbott Laboratories reports a robust Q1 2025 with revenue hitting $10.4 billion, up 4% year-on-year, and net earnings growing 8.2% to $1.3 billion. CEO Robert Ford credits the comp...

Business

OpenAI Unveils Revolutionary o3 and o-4 Tools: A New Era for API and ChatGPT

OpenAI Inc. announces the launch of upgraded GPT models o3 and o4-mini to API and ChatGPT, enhancing AI's ability to solve complex problems with thoughtful answers in under a minut...

Business

TSMC Announces 30% Price Surge at US Foundries Amid Rising Operational Costs

TSMC is set to raise prices at its US foundries by 30% due to higher operational costs, with companies like Apple and Nvidia directly affected by the change amid tariff uncertainti...

Business

Abbott Labs Surpasses Expectations with an 8.2% Jump in Q1 Profits to $1.3B

Abbott Laboratories reports a 4% increase in Q1 2025 revenue to $10.4B and an 8.2% rise in net earnings to $1.3B, with EPS up by 8.6%. CEO Robert Ford highlights the company's dive...

Business

Spotify Denies Security Breach Amidst Global Outage, Vows Quick Resolution

Spotify reassures users that the recent service outage was not caused by a security hack. The company is actively working to resolve the issue and restore full functionality to its...

Business

TSMC Plans Significant 30% Price Increase at US Foundries Amid Rising Operational Costs

TSMC is set to raise prices at its US foundries by 30% due to higher operational costs, affecting major tech companies like Apple and Nvidia amidst tariff uncertainties.