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United Airlines Surges Over 10% Following Robust Earnings Forecast; Adjusts 2024 Fleet Plan Due to Boeing Delays

United Airlines stocks rose more than 10% on Wednesday morning. This happened because the airline predicted it would earn a lot more money in...

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Tesla Slashes Full Self-Driving Price to $99 Amidst 31% Stock Plunge

Tesla just made a big change to its Full Self-Driving (FSD) package in the US. They dropped the subscription price from $199 to $99 per month. This move is surprising because CEO Elon Musk had said before that the FSD cost would go up as it got closer to full autonomy with approval from regulators. Musk even said FSD could be worth over $100,000 per car. The FSD system can do things like change lanes and avoid objects, but a human driver needs to watch over it all the time. Even though it can do a lot, the high starting price has made it hard for more people to buy it. Tesla has about 2.5 million cars...

Continued Significance of China for U.S. Chipmakers Amid Escalating Economic Tensions

China continues to be a crucial market for many American chipmakers, despite Washington's attempts to limit chip sales to the country and amid Beijing's drive for self-reliance in the semiconductor industry. According to data from S&P Global, major U.S. chip companies like Intel, Broadcom, Qualcomm, and Marvell Technology earn more revenue from China than from the United States. Since October 2022, the U.S. has implemented a series of export controls aimed at curbing China's access to advanced chip technology, particularly those utilized in artificial intelligence (AI) applications. "China remains an important market for U.S. chipmakers, and the U.S. restrictions on selling advanced AI chips to China have been designed specifically to allow most U.S. firms to continue selling...