(Reuters) – U.S. semiconductor stocks fell on Tuesday after chip equipment maker ASML cut its annual sales forecast and a report said the Biden administration was considering capping sales of advanced artificial intelligence processors to some countries.AI chip giant Nvidia fell 4.4%, retreating from a record high hit in the previous session that had put it on the brink of dethroning Apple as the world’s most valuable company.Tuesday’s drop was set to reduce the AI chip major’s market capitalization by about $138 billion to $3.25 trillion, widening the gap with Apple’s value of $3.58 trillion.Other chip firms, including AMD, Intel,…
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The Edsel, a Ford Motor Company experiment launched with great fanfare in 1958, met a swift and unceremonious demise by 1961. Despite its Ford-heavy design, the Edsel struggled to capture the hearts of consumers. The car’s distinctive styling, including its iconic horse collar grille emblem, proved divisive among buyers. By 1960, the model lineup had dwindled to just two nameplates the Ranger and the Villager and annual production had plummeted to a mere 2,846 units. The Rise and Fall of the Edsel: Ford’s Forgotten Classic (YouTube/Lou Costabile) This stark decline was a far cry from the initial enthusiasm that greeted…
STOCKHOLM–(BUSINESS WIRE)–Cint, the global leader in market research technology (Restech), is pleased to announce two key promotions from its Global Leadership Team (GLT) into the C-Suite, further solidifying the company’s commitment to customer experience and its three-year strategy.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015585682/en/Michelle Darcy Clarke (Photo: Business Wire)The move comes alongside the ongoing migration to the Cint Exchange, a programmatic marketplace platform connecting researchers with real people to gain meaningful survey insights faster than ever. Michelle Darcy Clarke, Cint’s new Chief Experience Officer (CXO), continues more than 25 years of experience in market research and…
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesShares in semiconductor equipment maker ASML fell 15.6% on Tuesday after the Dutch company published disappointing sales forecasts in results a day early.The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all falling at least 4% after the news.ASML said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion), at the lower half of the range it had previously provided.Net bookings for the September…
Harley-Davidson, a company known for its rugged motorcycles, has recently found itself at the center of a recall. While recalls in the motorcycle industry are less frequent than in the automotive world, this week has seen a series of recalls from prominent brands like BMW, Royal Enfield, and now Harley-Davidson. The Milwaukee-based motorcycle manufacturer has issued a recall for 12,929 motorcycles produced between 2018 and 2019. The issue lies in an incorrect tire pressure information label affixed to Street Bob (FXBB) and Low Rider (FXLR) models. This oversight, which likely went unnoticed for years, could lead to excessive load on…
The Dodge Super Bee, a high performance muscle car introduced in 1968, was one of two entry level offerings from Chrysler that year, alongside its Plymouth sibling, the Road Runner. While the Road Runner enjoyed a long production run, lasting until 1980, the Super Bee was discontinued after just four years, primarily due to the discontinuation of Chrysler’s powerful big-block V8 engines in 1971. Despite its shorter lifespan, the Super Bee remains a sought after classic car, with the 1971 model being particularly rare. Produced in two generations, the first Super Bee was based on the Coronet and lasted through…
By Leroy Leo and Puyaan Singh (Reuters) -UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its government-supported health insurance businesses, and its shares fell 8%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 per share, according to LSEG data. UnitedHealth (NYSE:) set next year’s forecast “more conservatively than is typical” due in part to payment cuts from the government for Medicare plans and low state payment rates for Medicaid plans for low-income people, CEO…
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Mercedes-Benz has revealed its VAN.EA electric van architecture, a modular platform that will underpin all of its newly developed vans starting in 2026. This groundbreaking architecture marks a significant step forward for light commercial vehicles and passenger vans, ushering in a new era of electric mobility. Two heavily camouflaged prototypes have been spotted testing, likely previews of the next-generation Vito and V-Class. These vans feature sliding doors on both sides, Michelin tires, and AMG-like alloy wheels, suggesting a combination of practicality and style. Mercedes-Benz Reveals VAN.EA: The Future of Electric Vans (Mercedes) The VAN.EA platform is designed to support both…
A 2016 Ford F-250 Super Duty King Ranch Crew Cab pickup truck, transformed into a three-row SUV, recently sold for a substantial $90,000 at auction. The seller’s initial reserve of $82,000 was exceeded, indicating strong demand for this unusual vehicle. While the Super Duty is typically known for its rugged capabilities, this particular truck’s conversion into an SUV offers a unique blend of utility and luxury. The modification, completed by a previous owner, involved incorporating the rear bodywork of a Ford Excursion, resulting in a cohesive and stylish design. Custom Ford F-250 SUV Conversion Sells for $90K: A Unique Blend…