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☆ Sony shares slide after earnings highlight concern about games, sensors
▼ + stars: | 2023-08-10 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

Operating profit slid 31% and comments by Sony executives over demand for its games and image sensors units also sparked concern. Despite an easing of those snarls, Sony said sales of were below expectations in the April-June quarter. It is targeting sales of 25 million units for the full year. Sony sold 3.3 million PS5 units in quarter. Adjustment to procurement by smartphone manufacturers is having a large impact in the second quarter, Sony said.

Persons: Issei Kato, Serkan Toto, Atul Goyal, Sam Nussey, Edwina Gibbs Organizations: Sony PlayStation, REUTERS, Sony, PlayStation, Kantan, Jefferies, Thomson Locations: Tokyo, Japan

☆ Custom art, air purifiers and TikTok: College spending boom could booster retailers' sales this fall
▼ + stars: | 2023-08-10 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Eros Hoagland | Getty ImagesOver the past few years, Alicia Browne has noticed a change in what college students haul out of cars on move-in days at the University of Alabama. A growing pie — and market share up for grabsAs college spending is poised to grow, retailers have another reason to vie for students' dollars. Jakub Porzycki | Nurphoto | Getty ImagesIt is difficult to estimate how much college market share Bed Bath had in total. Shipt, the Target-owned delivery service, and Walmart have both tried to attract more college students to their membership programs by offering a special discounted price. She said the company's growth has been fueled by college students who want uniquely decorated rooms that reflect their personalities.

Persons: Eros Hoagland, Alicia Browne, Keurig coffeemakers, decorators, Browne, Prosper, Browne chalks, " Browne, Marshal Cohen, Jakub Porzycki, Harmon, Cristina Fernandez, Sonoma, TikTok, Dormify, Amanda Zuckerman, Zuckerman, Kate Reppeto, Callie Weathers Kate Reppeto, Repetto, she's, Anna Emblom Organizations: University of North, Hill, University of Alabama, College, National Retail Federation, IRI, NPD, Target, Walmart, Consulting, Deloitte, Nurphoto, Goods, Ikea, Telsey Advisory, Williams, Hamptons, Madison, University of Mississippi, Eagle Locations: University of North Carolina, Chapel Hill , North Carolina, Kohl's, Bath, Bed, Williston , Vermont, New York City, Madison Ave, Oxford, Miss, Southlake, Dallas, Fort Worth in Texas, Birmingham, Ala

☆ Exploding drone boats aren't hard to beat, but Russia's weak defenses are letting Ukraine blow up its ships
▼ + stars: | 2023-08-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Ukraine's recent waterborne drone attacks have shed light on weaknesses in Russian defenses. Prior to the hits on Olenegorsky Gornyak and Sig, previous naval drone attacks have terrorized Russian ships in the Black Sea. United 24/Ukrainian government'Too many to take out'With the drone attacks showing no sign of stopping, the questions become how Russia will respond. And if Russia does ramp up its defenses, it's likely that Ukraine will scale up the number of its drone boats. Operating a group of drone boats, Clark added, is more difficult given water conditions, weather, and the potential to ram into unintended targets.

Persons: Sutton, Gornyak, haven't, they're, Bryan Clark, Ulf Mauder, Clark, Shaposhnikov, Peter the, KIRILL KUDRYAVTSEV Organizations: Service, Sig, US Navy, Hudson Institute, Russia's, Getty, intel Locations: Wall, Silicon, Russian, Russia, Novorossiysk, Ukraine, Sevastopol, Ukrainian, US, Persian, Israel, Peter the Great, Japan, Vladivostok, AFP, Crimea

☆ Sony shares slide after weak Q1
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

FILE PHOTO-An employee of the consumer electronics retailer chain Bic Camera works at the promotion display for the Sony PlayStation 5 game console and its gaming softwares in Tokyo, Japan, November 10, 2020. Picture taken November 10, 2020. REUTERS/Issei Kato/File PhotoTOKYO, Aug 10 (Reuters) - Shares in Japan's Sony (6758.T) fell 6% in early trading in Tokyo after the entertainment conglomerate reported a 31% slide in operating profit in the April-June quarter due to lacklustre performance at its movies and financial divisions. Reporting by Sam Nussey; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Sam Nussey, Christopher Cushing Organizations: Sony PlayStation, REUTERS, Sony, Thomson Locations: Tokyo, Japan

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTThe Tesla Motors Inc. Model X sport utility vehicle (SUV). The car or its computer was suddenly online in a Southern region of war-torn Ukraine, he found by opening up his Tesla app and using a geolocation feature. CNBC found that after the car was totaled, online auction site Copart listed it for sale, according to website listings. "Virtually all of the vehicles that are totaled will end up at a salvage auction," he said. One online auction website that specializes in such sales estimated the winning bid for the vehicle would be between $27,400 and $29,400.

Persons: David Paul Morris, Jay Yarow, Yarow, Ken Tindell, —, Tindell, Copart, Mike Dunne, Steven Lang, Lang Organizations: Tesla Motors Inc, Bloomberg, Getty, CNBC, Drake, Twitter, Canis Labs, Overseas, General Motors Locations: U.S, Southern, Ukraine, New Jersey, Norway

☆ Sony Q1 profit tumbles as movie business disappoints
▼ + stars: | 2023-08-09 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

REUTERS/Issei Kato/File PhotoTOKYO, Aug 9 (Reuters) - Japan's Sony (6758.T) on Wednesday said first-quarter profit tumbled due to weaker performances from its movies and financial businesses. In April-June, operating profit slid 31% to 253 billion yen ($1.8 billion), in line with estimates. Profit at its movies division plunged by two-thirds due to lower sales for television content as well as higher marketing costs after the company released more films in theatres. Once a consumer electronics giant, the conglomerate has transformed itself to focus more on entertainment, developing movies, music and games. Sony has said it expects to sell 25 million PlayStation 5 consoles this financial year, in what would be a record for a PlayStation device, following the easing of supply chain snarls.

Persons: Issei Kato, Zelda, Sam Nussey, Edwina Gibbs Organizations: Sony PlayStation, REUTERS, Sony, Nintendo, Thomson Locations: Tokyo, Japan

PlayStation DualSense controller and PlayStation 5 console are seen in this illustration photo taken in Krakow, Poland on April 9, 2022. Here's how Sony did in the June quarter versus Refinitiv consensus estimates:Revenue: 3 trillion Japanese yen ($20.7 billion) versus 2.46 trillion yen expected. Operating profit: 253 billion Japanese yen versus 251.24 billion yen expected. The company previously said it expects to sell a record 25 million PlayStation 5 units in the current financial year, which ends on March 2024 — compared with 19.1 million units in the previous year. Sony sold 3.3 million units of the PlayStation 5 in its April-June quarter, up 38% year-over-year.

Organizations: PlayStation, Sony Locations: Krakow, Poland

☆ India's imports from China across at least 25 major commodity groups rise on year
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Aug 9 (Reuters) - India's imports from China across at least 25 major commodity groups such as consumer electronics, auto components, and iron and steel products rose in fiscal 2023, the government told parliament on Wednesday. The statement, which listed Chinese imports in a total of 31 commodity groups, comes amid New Delhi's concerted efforts to reduce its trade deficit with China since border tensions flared in 2020. Imports of electronics instruments from China grew 14% year-on-year in fiscal 2023, while imports of organic chemicals imports and iron and steel products rose 9% and 12.3%, respectively, as per the statement. Imports of all listed commodity groups were higher than shipments in fiscal 2021. India's trade gap with China widened 13.5% in fiscal 2023 year-on-year, as India's strong domestic demand continued to support Chinese imports while COVID lockdowns in China crimped imports from India.

Persons: Shivangi Acharya, Janane Organizations: Thomson Locations: DELHI, China, India

☆ US reports big interest in $52 billion semiconductor chips funding
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. The chips law also includes a 25% investment tax credit for building chip plants, estimated to be worth $24 billion. The Commerce Department spent the last year building a team of more than 140 people and writing rules for accepting and assessing applications. The law also dedicates $11 billion for advanced semiconductor manufacturing research and development. The focal point will be the National Semiconductor Technology Center.

Persons: Florence Lo WASHINGTON, Joe Biden's, Biden, We're, Gina Raimondo, Pat Gelsinger, Raimondo, David Shepardson, Raju Gopalakrishnan Organizations: REUTERS, U.S . Commerce Department, Commerce Department, Intel, National Semiconductor Technology Center . Commerce, Commerce, Defense, Energy, National Science Foundation, Thomson Locations: Florence, America, U.S, China

☆ I visited Walmart during its 'sensory-friendly' shopping hours and loved the calmer, less chaotic shopping environment
▼ + stars: | 2023-08-09 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

Walmart is holding sensory-friendly shopping hours on Saturday mornings during back-to-school shopping season. Walmart is holding sensory-friendly shopping hours on Saturday mornings at most stores for the back-to-school shopping season. Walmart said the shopping hours are part of its efforts to create "a quieter shopping environment that's more enjoyable for customers who live with sensory disabilities." A sign at Walmart's entrance advertised the store's sensory-friendly shopping hours. I don't have a sensory disability, but I found shopping during the sensory-friendly hours a calmer experience overall.

Persons: Grace Mayer, ” Grace Mayer, Grace Meyer Organizations: Walmart, Service, Target, Starbucks Locations: Wall, Silicon, Kansas

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan

☆ Apple and Samsung to invest in SoftBank's Arm at IPO -Nikkei
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File PhotoTOKYO, Aug 8 (Reuters) - Apple (AAPL.O) and Samsung Electronics (005930.KS) will invest in SoftBank Group (9984.T)-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies - including Apple, Samsung and Intel (INTC.O) - with the aim of bringing on one or more anchor investors in the offering. Last month, Reuters and other media reported that Arm was in talks to bring in U.S. chip designer Nvidia (NVDA.O) as an anchor investor for the New York listing. Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. Apple, Nvidia and Intel did not immediately respond to a Reuters' request for comment.

Persons: Dado Ruvic, SoftBank, Masayoshi, Anton Bridge, Elaine Lies, Joyce Lee, Akash Sriram, Louise Heavens, David Dolan, Miyoung Kim, Sharon Singleton Organizations: REUTERS, Samsung Electronics, SoftBank, Japan's Nikkei, Reuters, Apple, Samsung, Intel, Nvidia, New, Nikkei, U.S . Securities, Exchange Commission, Vision Fund, Thomson Locations: KS, New York, Tokyo, Seoul

☆ Germany spends big to win $11 billion TSMC chip plant
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +4 min

Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. TSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. The factory will cost around 10 billion euros in total. “There is going to be a real ecosystem for semiconductor manufacturing in Germany,” he said. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: TSMC, Olaf Scholz, Michael Kretschmer, ” Kretschmer, Germany’s, NXP, Robert Habeck, ”, “ It’s Organizations: European Union, Intel, Taiwan Semiconductor Manufacturing, Germany, Semiconductor Manufacturing Company, Germany’s Bosch, Infineon, Semiconductor, EU, Sony Locations: Germany, Europe, Taiwan, China, Asia, United States, Dresden, Saxony, ” Saxony, Netherlands, Ukraine, Arizona, Japan

☆ Millennials and Gen Zers in Asia don't want to work in factories. It means you could soon pay more for clothes, furniture, and toys.
▼ + stars: | 2023-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Young people in Asia don't want factory jobs, so companies are raising wages and adding perks. That's because factories across Asia that have traditionally produced many of these goods are struggling to find workers, The Wall Street Journal reported. In China, manufacturing workers' wages have more than tripled over the past decade, and factory workers in Vietnam, Malaysia, and Japan, have seen notable pay bumps as well. Companies like the Barbie manufacturer Mattel, the toy maker Hasbro, and Nike are facing elevated labor costs in Asia that have contributed to price hikes. Mark Perry, University of Michigan economistExperts attribute Asia's factory labor shortage to a variety of factors.

Persons: it's, Manoj Pradhan, Mark Perry, Julian Zhu, Gabriel Galvan, It's, Barbie Organizations: Service, Street Journal, Companies, Mattel, Hasbro, Nike, University of Michigan, Reuters Locations: Asia, Wall, Silicon, London, China, Vietnam, Malaysia, Japan, Mexico, America

Following Monday's trade, Dupont will have a 1% weighting in Jim Cramer's Charitable Trust, the porfoltio we use for the Club. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Traders work on the floor of the New York Stock Exchange (NYSE) on August 02, 2023 in New York City.

Persons: Dupont, Jim Cramer's, DuPont, it's, repurchased, There's, Ed Breen, Jim Cramer, Jim, Spencer Platt Organizations: DuPont, Jim Cramer's Charitable Trust, Club, DuPont Electronics &, Devices, Rogers Corporation, Rogers, JPMorgan, CNBC, Traders, New York Stock Exchange, Getty Locations: China, Celanese, New York City

☆ Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut
▼ + stars: | 2023-08-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Shares of the chipmaker opened on the Nasdaq-style Star Market at 58.88 Chinese yuan, according to Refinitiv data. That's a 13.2% jump from its offer price of 52 Chinese yuan ($7.23). The Shanghai-listed shares have since pared gains and were trading lower at 53.99 Chinese yuan on Monday afternoon. Hua Hong's Shanghai debut raised 21.2 billion yuan ($2.95 billion) — in what was the largest IPO in mainland China so far this year, according to EY's global IPO report. SMIC raised 46.28 billion yuan ($6.62 billion) during its IPO in 2020.

Persons: Hua Hong, Hua Hong's, Chips, Hong, Phelix Lee, Lee, SMIC Organizations: Huahong Group, Huahong, Getty, Shanghai Stock Exchange's, Semiconductor Manufacturing International Corp, Nasdaq, Morningstar Asia, Hua Locations: Shanghai, China, Hua Hong's Shanghai, Hong Kong, Beijing

☆ Sweaty Europe can kill two birds with one pump
▼ + stars: | 2023-08-07 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +8 min

What may be less immediately obvious is that heat pumps are the best way to do both. In Europe, currently only 16% of residential buildings use heat pumps, according to a study from the European Heat Pump Association (EHPA) based on data from 21 countries including non-EU Britain and Norway, with 20 million heat pumps installed. On average buying and installing a heat pump could cost up to $13,000 compared to $2,500 for a gas boiler. Heat pump sales rose 35% in Italy last year, making it Europe’s second-biggest marketplace after France, EHPA data shows. To meet net-zero targets by 2030 EHPA estimates Europe would need 60 million more heat pumps installed by 2030.

Persons: Remo Casilli, Olaf Scholz’s, Joe Biden’s, António Guterres, George Hay, Oliver Taslic, Streisand Neto Organizations: Popolo, REUTERS, Remo Casilli LONDON, Reuters, International Energy Agency, IEA, European Union, Pump Association, Reuters Graphics, U.S . Energy Information Administration, Carrier, Mitsubishi Electric, Daikin Industries, El, El Corte Inglés, Thomson Locations: Italy, Rome, Europe, EU Britain, Norway, France, Germany, Poland, Brussels, Britain, United States, U.S, U.N, El Corte

REUTERS/Dado Ruvic/IllustrationBENGALURU, Aug 7 (Reuters) - Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. An initial public offering (IPO) is now being planned in the next 12-18 months, Bansal added. Meesho, which was founded by Indian Institute of Technology graduates Vidit Aatrey and Sanjeev Barnwal, clocked more than 1 billion orders in the last 12 months. Many Indian startups have fired thousands of employees and cut costs aggressively in recent months. Last week, Indian food delivery giant Zomato (ZOMT.NS) also posted its first-ever profit.

Persons: Dado Ruvic, Meesho, Japan's SoftBank, Dhiresh Bansal, Bansal, Vidit Aatrey, Sanjeev Barnwal, Meesho's, Munsif, Aditya Kalra Organizations: REUTERS, Amazon, Meesho, Reuters, Indian Institute of Technology, Vidit, Thomson Locations: Bengaluru

☆ Morgan Stanley names 3 high-conviction global stock ideas, says one could soar 40%
▼ + stars: | 2023-08-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has identified three Asia Pacific stocks as "high conviction" and actionable trade ideas. The bank said the three stock ideas highlight "actionable, high-conviction calls" made by its equity research team in the preceding week. However, it cautioned that investors should not interpret these stock ideas as portfolios. Treating 'Three Actionable Ideas' ideas as a portfolio will subject you to the risk of losing all or a substantial portion of your investments," the bank said. Morgan Stanley said its price target was probability-weighted, giving 30% to its bull case and 60% to its base case scenarios.

Persons: Morgan Stanley, Renesas Electronics Morgan Stanley, FactSet, Macquarie, ICICI Bank Morgan Stanley, Michael Bloom Organizations: Asia, Electronics, Australia's Macquarie Group, India's ICICI Bank, Renesas Electronics, Macquarie Group, ICICI Bank Morgan, ICICI Bank Locations: Japan, U.S

☆ Morgan Stanley thinks this stock that traces its roots to the Wright Brothers is a great buy here
▼ + stars: | 2023-08-07 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

Shares in Curtiss-Wright , which makes sensors, controls, subsystems and mission critical components for aircraft, have already climbed about 24% in 2023. CW 1Y mountain Curtiss-Wright shares over the past year. The "risk reward skews positive" on Curtiss-Wright shares, the Morgan Stanley analysts wrote in a Sunday note, upgrading the North Carolina manufacturer to overweight from equal weight. "The Pivot to Growth continues and endmarket demand remains robust, positioning CW for underappreciated topline expansion," Morgan Stanley said, referring to management's strategy. Curtiss-Wright's defense electronics business could grow at a 13% compounded annual rate through 2024 in light of heightened Defense Department outlays and reduced supply chain pressures, Morgan Stanley said.

Persons: Glenn Curtiss, Wilbur, Orville Wright, Kristine Liwag, Morgan Stanley, Wright, Morgan, Curtiss, CNBC's Michael Bloom Organizations: Curtiss, Department Locations: Friday's, North Carolina

☆ AI is being held up by a shortage of powerful chips
▼ + stars: | 2023-08-06 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models. The latest sign of a potentially extended shortage in AI chips came in Microsoft’s annual report recently. In its May earnings call, Nvidia said it had “procured substantially higher supply for the second half of the year” to meet the rising demand for AI chips. AMD, meanwhile, said Tuesday it expects to unveil its answer to Nvidia’s AI GPUs closer to the end of the year. The chip shortage is expected to ease as more manufacturing comes online and as competitors to Nvidia also expand their offerings.

Persons: Microsoft’s, Sam Altman, Samuel Altman, OpenAI, Win McNamee, ” Altman, Raj Joshi, could’ve, ” Joshi, “, Joshi, ”, Lisa Su, we’ve, Sid Sheth, Biden, can’t, ” Sheth, Sheth Organizations: CNN, Microsoft, Privacy, Technology, Moody’s Investors Service, Nvidia, Intel, AMD Locations: Microsoft’s, Washington ,

☆ Here are Credit Suisse's top picks for August, including healthcare and tech stocks
▼ + stars: | 2023-08-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Credit Suisse refreshed its "top of the crop" stock picks for August, betting on some big-name stocks as investors continue to feed the markets with optimism. Credit Suisse recently highlighted several stocks the bank's analysts think can outperform this month. "It is increasingly clear that greater service levels in the form of faster delivery is leading to consumers assigning a higher value to Prime" memberships, Credit Suisse said. Credit Suisse also named electronics manufacturer Flex Ltd. as a top pick. Credit Suisse assigned a $126 price target on Merck, which implies 20% appreciation from Friday's closing price.

Persons: Stocks, Stephen Ju, Amazon's, Ju, Shannon Cross, Flex, Cross, Trung Huynh, Merck, — CNBC's Michael Bloom Organizations: Suisse, Credit Suisse, Amazon, Flex, Merck, Prometheus Biosciences

☆ The moon is open for business, and entrepreneurs are racing to make billions
▼ + stars: | 2023-08-06 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +15 min

"Definitely the moon is going to be a big business," said Prachi Kawade, a senior analyst at NSR, a research-and-consulting company focused on the space market. At first, lunar missions could be limited to a couple of weeks or months in a lunar base camp. Another lead for moon mining is the rare-earth elements that millennia of meteorites crashing into the moon may have left behind. Fly me to the moonHowever, the most lucrative part of the moon market by far is rocket development, said Kawade, who leads NSR's lunar-market report. NASA built its own system for its upcoming Artemis moon missions, the Space Launch System (SLS) mega-rocket with its Orion spacecraft.

Persons: Artemis, Brendan Rosseau, Lockheed Martin, Prachi Kawade, that's, Rosseau, Steve Creech, Creech, Kawade, NASA We're, George W, Bush, Rousseau, landers, Per, NASA's, NASA Ames, Daniel Rutter, Elon Musk's, Artemis III, Musk, NASA isn't, Glenn, III, VIII, Bill Nelson, Svetla Ben, Itzhak, Ben Organizations: NASA, Service, Harvard Business School, SpaceX, Origin, Nokia, Lockheed, General Motors, NSR, Apollo, ESA, Payload, Astrobotic Technology, Rover, Exploration Rover, Polar Resources, Mining, Orion, Elon, Elon Musk's SpaceX, Politico, Artemis, China, Air University Locations: Wall, Silicon, China, Pittsburg, Texas, California, Colorado, Japan, Russia, Latin America, Central Asia, Pakistan

☆ The robots are coming — and the companies building them are looking for workers
▼ + stars: | 2023-08-06 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing opportunity to join the ranks in helping to build and implement the technology. On the other hand, 60% of companies operating in information and technology services expect jobs to be created due to robots in the next five years. Jose A. Iglesias | Tribune News Service | Getty ImagesRobotics company Zipline is among the companies looking for employees, as it aims to add at least 100 workers. The use of automation at companies large and small has two advantages, the Association for Advancing Automation argues. It reduces challenges for workers in taking away monotonous or dangerous tasks in their day-to-day roles and it keeps companies competitive and speedy in the production process.

Persons: Jose A, Keller Rinaudo Cliffton, Rinaudo Cliffton, Jeff Burnstein, Avocados Organizations: Jobs, Iglesias, Tribune, Service, Getty, Robotics, Walmart, GNC, Toyota, Association for, Automation, Vebu Labs Locations: Miami, San Francisco , California, Rwanda, China

☆ Foxconn's July sales drop 1.23% y/y, Q3 outlook better
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

The company said revenue was the second-highest for the month of July, thanks to "customers' increasing pull-in" for its smart consumer electronics products, including smartphones. That segment recorded double-digit growth from a year ago, it said, as major vendors such as Apple gear up for new product launches later this year. Other businesses, including computing products such as PCs and cloud and networking products, declined from a year ago, the company said, without elaborating. The first half of the year is traditionally slower for Taiwan tech manufacturers as major electronics vendors including Apple launch new products near the year-end holiday season. Second-quarter revenue dropped 13.8% year-on-year, in line with the company's expectations, Foxconn said in July.

Persons: Dado Ruvic, Foxconn, Yimou Lee Organizations: REUTERS, Apple, Hai Precision Industry Co, Taiwan, Thomson Locations: TAIPEI, Taiwan

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