To The Moon

Jan 13 - Microsoft Corp has stopped manufacturing all Xbox One consoles to focus on producing its next-generation consoles, the Verge reportedon Thursday, citing a senior executive of the gaming division.According to The Verge, Microsoft originally discontinued its Xbox One X and digital Xbox One S ahead of the Xbox Series X launch in 2020.Microsoft did not immediately respond to a Reuters request for comment.The software giant had launchedtwo models of its Xbox Series X in November 2020, se

* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow u

It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and

Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv

Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect earnings, appear to be behind the shift.NIO stock was a can’t miss bet for months. Shares gained more than 1,100% in 2020, closing at around $49. They raced to almost $67 early this year, but stalled out and fell to less than $32 last month. New competition in China’s EV market, confusion over delive

Weeks after Intel installed chief executive Pat Gelsinger and its rollout of a $20 billion plan to expand its manufacturing operations, the company is set to report its earnings.As part of the plan, Intel said it would once again license its x86 chip designs to other companies, and create a foundry services unit that would produce chips for third parties interested in paying Intel to fabricate semiconductors.Intel didn’t issue precise new financial guidance for the first quarter, but said it exp