Renault’s EV spinoff Ampere is teaming with US startup Stratus Materials to develop revolutionary cobalt-free battery technology. The partnership could yield battery packs with twice the energy density of current solutions while eliminating problematic cobalt dependency.
Tesla’s mixed Q3 results mask a deeper strategic transformation underway. While automotive margins remain pressured, the company’s energy storage and software segments show explosive growth potential beyond vehicles.
The technology sector’s layoff wave continues into 2025 with more than 22,000 positions eliminated so far this year. Companies across semiconductors, enterprise software, and consumer tech are restructuring operations while increasingly citing AI and automation as drivers for workforce reductions.
The technology industry’s prolonged restructuring shows no signs of slowing in 2025, with recent reports indicating more than 22,000 workers have lost their jobs across the sector this year. According to data from independent tracker Layoffs.fyi, February alone saw a staggering 16,084 cuts—suggesting the pace of workforce reductions may be accelerating rather than stabilizing.
U.S. equity markets faced pressure Wednesday following Tesla’s earnings disappointment and Netflix’s weak results. Historical data suggests market crashes occur approximately every six years, with the last significant downturn occurring in 2022.
U.S. stocks declined Wednesday as investors digested disappointing earnings reports from major companies, according to market analysis. The large-cap S&P 500 index reportedly fell 0.5%, while both the technology-focused Nasdaq Composite and blue-chip Dow Jones Industrial Average retreated 0.9% amid ongoing trade tensions with China and a government shutdown that has paused key economic reporting.
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