Foxconn plans to automate 30% of its factories by 2020. It builds 10,000 robots per year—called Foxbots—and has fielded about 40,000 of them so far.Read More »
Amazon plans to make thousands of job offers in just one day as it holds a giant job fair next week at nearly a dozen warehouses across the U.S. Most of these jobs will count toward Amazon's previously announced goal of adding 100,000 full-time workers by the middle of next year. The hiring spree is yet another sign of Amazon's massive growth at a time when traditional retailers are closing stores and cutting jobs.
Tesla's (TSLA) stock has always been driven by the opposing forces of hope and reality. When the market can focus on the future--and lets its imagination run wild--Tesla's shares often gain. But as soon as reality sets in, its shares often fall. Those forces should be in play during the next week of trading, as Tesla will stage a Model 3 launch on Friday--one that should focus on the potential for mass uptake--and then report earnings on August 2. Baird analyst Ben Kallo tries to "thread the needle" on Tesla: Our updated Q2 estimates are below consensus on gross margin and the bottom line. We think shares could move higher ahead of the Model 3 event on Friday, but potentially fall on Q2 results
The German grocery chain Lidl just notched its first win in a legal battle with Kroger. A federal judge on Tuesday denied Kroger's request to force Lidl to stop selling items under its "Preferred Selection" brand.