Asia’s semiconductor stocks experienced a significant downturn on Wednesday morning, following Nvidia’s steep decline in the U.S. The U.S. chipmaker, Nvidia, saw its shares plummet more than 9% during regular trading, causing a ripple effect in the semiconductor industry worldwide. This drop in Nvidia’s stock price led to a broader sell-off in semiconductor stocks on
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Volkswagen, Europe’s top carmaker, is currently facing mounting price pressure from Asian rivals which may lead the company to considering closing factories in Germany for the first time. This move would mark the first major clash between Chief Executive Oliver Blume and the influential unions at VW. The executive board’s plans have been met with
The rapid advancement of technology has prompted many hotel chains to revolutionize the way guests access their rooms. With the emergence of digital options like Apple Wallet and Google Wallet apps, the traditional plastic room key is quickly becoming obsolete. The shift towards touchless technology has been further accelerated by the onset of the pandemic,
Travel spending among American households has shown a significant increase post-pandemic, with international trips being a key contributor to this trend. According to economists Taylor Bowley and Joe Wadford from the Bank of America Institute, travel spending remains much higher than pre-pandemic levels, with a 10.6% increase per household. This surge in spending is supported
REA Group, a property listings company primarily owned by News Corp, has expressed interest in acquiring Rightmove to create a global real estate entity. This move has caused a surge in Rightmove’s shares, propelling them to their highest level since March 2022. Rightmove, being Britain’s largest property portal, boasts a significant market value and generates
Huawei, the Chinese technology giant, is set to hold a product launch event this month, strategically timed just hours after Apple’s annual iPhone reveal. The event is scheduled to take place on September 10 at 2:30 p.m. Beijing time, which coincides with the late evening of September 9 on the west coast of the U.S.,
Thousands of hotel workers in the United States have begun a multi-day strike in several cities after contract negotiations with major hotel operators Marriott International, Hilton Worldwide, and Hyatt Hotels stalled. The strike, organized by the Unite Here union, involves workers in 24 hotels located in popular travel destinations such as San Francisco, San Diego,
Edgar Wright’s beloved cult classic horror-comedy ‘Shaun of the Dead’ recently had a re-release for its 20th anniversary, grossing an impressive $600k for the 3-day weekend and $720k for the four days. This showing demonstrates the enduring popularity of the film, with fans flocking to see it in Dolby Cinema at 133 AMC theaters for
When it comes to dividend-paying stocks, EPR Properties stands out as a top choice in the real estate investment trust (REIT) sector. EPR focuses on experiential properties such as movie theaters, amusement parks, eat-and-play centers, and ski resorts. This unique niche sets it apart from traditional real estate companies, offering investors exposure to different facets
Airlines in the industry that were once eager to expand their fleets with new aircraft are now facing the reality of cash constraints and the need for saving money to return to profitability. Low-cost and deep-discounter carriers are particularly feeling the pressure as they try to navigate the impacts of engine repairs and the overall
The landscape of cannabis consumption is undergoing a significant shift, and this change is evident with the emergence of high-end cannabis dispensary stores on Fifth Avenue in New York City. While this iconic area is known for its upscale retailers like Cartier and Saks, it now also offers a unique shopping experience that includes purchasing
Dell reported its quarterly results, exceeding Wall Street’s expectations with a significant increase in server sales. The company’s revenue for the fiscal second quarter stood at $25.03 billion, surpassing the estimated $24.53 billion. The earnings per share (EPS) also outperformed predictions at $1.89 adjusted, compared to the anticipated $1.71. This positive outcome led to a
CNBC TV’s producers closely monitored the tech earnings parade on Thursday, with a particular focus on Marvell Technology. The stock surged about 8% after hours following better-than-expected revenue and a strong forecast for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. Interestingly, Marvell is the 17th biggest
Set to release on May 9, 2025, Universal Pictures is gearing up for the premiere of the highly anticipated musical feature, Atlantis. The film is inspired by Pharrell Williams’ childhood experiences at the Virginia Beach Atlantis Apartments in the summer of 1977. This unique storyline promises to take viewers on a nostalgic journey through Williams’