Google is revolutionizing the cloud computing industry with its latest innovation – a custom-built Arm-based server chip. This move is a strategic attempt by Google to make cloud computing more affordable and competitive in the market. At the Cloud Next conference in Las Vegas, Google announced that the new processor will be available later in
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The stock of BlackBerry surged over 9% after announcing a partnership with Advanced Micro Devices on robotics systems. This news highlights the potential for growth and innovation in the field of robotics technology. However, it is important to note that partnerships in the tech industry can be volatile, and the long-term impact of this collaboration
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General Motors' Cruise self-driving vehicle unit is set to make a comeback on U.S. roadways after a temporary halt in operations. The relaunch is scheduled to start with a small fleet of human-driven vehicles in Phoenix. This move comes in the wake of a previous accident that involved a pedestrian in San Francisco being struck
The global airline industry is currently experiencing a summer squeeze, with travel demand projected to exceed pre-pandemic levels. However, this surge in demand is juxtaposed with a significant drop in aircraft deliveries, largely due to production issues at Boeing and Airbus. Airlines are facing the challenge of operating older, less fuel-efficient aircraft while spending billions
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Singapore's central bank, the Monetary Authority of Singapore (MAS), is facing a challenging decision regarding its monetary policy in 2024. With inflation remaining stubbornly above the target of 2%, there is pressure on the MAS to make adjustments. In January, inflation cooled to 3.1% but increased to a 7-month high of 3.6% in February due
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In a recent turn of events, Tesla has reached a settlement in a lawsuit regarding a fatal 2018 car crash that resulted in the death of an Apple engineer. The incident, which occurred near San Francisco, involved a Model X operating on Tesla's Autopilot feature. This settlement, which comes after a five-year legal battle, was
In a tragic incident back in 2018, Walter Huang, an Apple engineer and father of two, lost his life after his Tesla Model X SUV, with Autopilot features activated, crashed into a highway barrier near Mountain View, California. The National Transportation Safety Board (NTSB) conducted an investigation and concluded that Tesla's technology played a role
The Asian markets are set to receive consumer confidence surveys from Japan, Australia, and Taiwan's latest inflation data. Despite the U.S. Treasury yields hitting new highs for 2024, risk appetite seems to be holding up in the region. This resilience is evident in the fact that benchmark Asian, emerging market, and world equity indices all
The energy company GE Vernova saw a 5.4% gain in their shares after receiving an upgrade to overweight from JPMorgan. The firm recommended buying the dip in GE Vernova, as shares had pulled back since the spinoff from General Electric. This pullback was largely attributed to technical and flowback selling, and as a result, the
Since its opening on March 1, Dune Part Two has maintained a strong performance in Imax theaters week after week. The movie has seen a maximum drop of only -45% in a given week, with some weeks even seeing a decrease as low as -36%. This level of consistency is a testament to the appeal
Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes and implementing pilot furloughs as part of its strategy to improve liquidity. The CEO, Ted Christie, emphasized the necessity of these steps for ensuring a strong and profitable future for the airline. By deferring all Airbus planes scheduled for delivery between