ALBAWABA - In a surprising turn of events, Apple, the tech industry juggernaut and world's leading brand, may encounter obstacles in the coming year, ac
From Bloomberg: Steve Burns, who had already been unloading portions of his holdings, sold 581,000 shares of common stock on May 23 for an average price of 27 cents apiece, just before the startup executed a reverse stock split, according to a regulatory filing Wednesday, June 21.
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By Stephen Wilmot Henry Ford invested in steel production and Brazilian rubber. Today s car makers are getting into batteries and software. On Tuesday, Chrysler owner Stellantis and iPhone-assembler Foxconn, also known as Hon Hai Precision Industry, announced a joint venture to develop in-vehicle software and services. This is the latest in a long series of moves by auto makers to improve their supply chains for fully electric, digital vehicles. Car makers want more control over components central to the performance and experience of EVs. But they don t have a lot of experience with those parts, and face many competing claims for investment. JVs with specialist suppliers offer a solution.