Mercedes-AMG unveils concept for its first sports EV

Mercedes-Benz offered a glimpse today into what its all-electric future will look like. The Germany automaker released a concept for the Vision AMG, a sports EV that will be launched under its high-performance brand AMG. The low-lying, four-door coupe has a long wheelbase, silver paint … Read More

Applied Materials Announces Second Quarter 2022 Results

Applied Materials, Inc. Quarterly revenue of $6.25 billion, up 12 percent year over year GAAP operating margin of 30.3 percent and non-GAAP operating margin of 30.6 percent, up 2.0 points and down 1.1 points year over year, respectively GAAP EPS of $1.74 and non-GAAP EPS … Read More

A recession is now the base case scenario for Wells Fargo

Former Obama Director of the Office of Management and Budget Russ Vought predicts the U.S. is headed towards a recession under President Biden. Wells Fargo slashed its economic outlook this week, with a year-end recession now the bank’s base case scenario as the Federal Reserve … Read More