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Senate Adopts GOP Budget, Laying the Groundwork to Fund ICE and Reopen DHS The New York TimesSenate passes budget plan for ICE and Border Patrol in bid to reopen Homeland Security Department ABC7 Los AngelesSenate votes to kickstart partisan funding process for ICE. Here's how that works NPRSenate Republicans adopt budget re
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It's a precarious time for the airline sector, as a surge in fuel costs due to the Iran conflict is forcing carriers to cut capacity.
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Analog-chip stocks have been big gainers as the semiconductor rally broadens further beyond pure AI plays.
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House GOP leaders racing for FISA deal PoliticoTrump suffers rare defeat with House Republicans on FISA AxiosUS Congress temporarily extends Fisa. What does foreign intelligence law do? BBCKeep Pushing: We Get 10 More Days to Reform Section 702 Electronic Frontier FoundationThree things to know about FISA Section 702: Congress passes short-term extension of controversial surveillance program
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Android 17 QPR1 Beta 1 hits Pixel devices Android PoliceGoogle releases Android 17 QPR1 Beta 1 for Pixel 9to5GoogleAndroid 17 isn't out yet, but Google is already testing its first big update Android CentralYour Phone at Risk: The Android 17 Security Deadline streamlinefeed.co.keAndroid 17 Brings a New Easter Egg With a Mini Puzzle SammyGuru
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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 Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling...
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