Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims about their ties and imminent investment from General Motors, but these claims have been refuted by the automaker. The company is currently seeking the final $1 million in funds for an $11 million seed round, and their investor pitch included assertions of GM’s
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Broadcom recently reported its earnings for the second fiscal quarter, surpassing analysts’ estimates. The company posted earnings per share of $10.96 adjusted, compared to the expected $10.84. Additionally, Broadcom’s revenue came in at $12.49 billion, exceeding the expected $12.03 billion. This strong performance led to a spike in the company’s stock price, rising approximately 10%
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In a recent announcement, the U.S. Treasury Department and Internal Revenue Service revealed that the federal government has allocated over $1 billion in tax credits to incentivize the purchase of electric vehicles. This new initiative allows buyers of new and used EVs to receive upfront cash incentives ranging from $4,000 to $7,500, depending on the
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Oracle recently announced fourth-quarter results that fell short of Wall Street expectations. While the company’s earnings per share were slightly below expectations at $1.63 adjusted versus $1.65 expected, its revenue of $14.29 billion also missed analyst estimates of $14.55 billion. Despite this, Oracle’s revenue still managed to increase by 3% year over year during the
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