Huawei’s latest high-end phone, the Pura 70 Pro, has shown an increase in the use of Chinese suppliers in its components, indicating a significant step towards technology self-sufficiency in China. A teardown analysis conducted by online tech repair company iFixit and consultancy TechSearch International revealed a NAND memory chip likely packaged by Huawei’s in-house chip
industry
The absence of a Marvel film to kick off the summer movie season for the first time since 2009 has raised concerns within the industry. The lack of a known franchise brand during the highly lucrative summer moviegoing season can have negative repercussions. This year, Universal’s “The Fall Guy” was the headline film for the
China is at the forefront of AI research, with local companies utilizing technologies similar to OpenAI’s ChatGPT to enhance the development of humanoid robots. Li Zhang, COO of LimX Dynamics in Shenzhen, noted the significant impact of generative AI in speeding up research and development cycles. The ability of AI to understand and generate content
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations by exceeding first-quarter results. Using artificial intelligence to develop innovative beauty products, Oddity reported earnings per share of 61 cents compared to the expected 49 cents. Additionally, revenue reached $211.63 million, surpassing the projected $205 million. This remarkable performance showcases the company’s potential in
The Broadway scene in Spring 2024 saw an influx of new productions, with 18 debuting between mid-March and late April. However, the aftermath of this Broadway crunch is now showing early signs of the inevitable shake-out. One such example is the impending closure of the show Lempicka, with a few others already playing to houses
Amazon Web Services recently announced an additional investment of 12 billion Singapore dollars over the next five years to expand its cloud infrastructure and services in Singapore. This investment aims to enhance the data center capabilities in the Asia-Pacific region, marking a significant commitment to the ASEAN region. Since the launch of its first Asia-Pacific
Palantir, the defense tech firm that specializes in big-data and artificial intelligence software, experienced a sharp decline in its shares following a report of weaker-than-expected guidance. The company’s earnings per share of 8 cents adjusted fell short of the 8 cents expected, while revenues of $634 million were slightly below the $625 million anticipated by
The journey to bring a live-action Barbie movie to the big screen was undoubtedly a long and winding road. With various studios and producers attached to the project over the years, including big names like Anne Hathaway and Amy Schumer, the path to realizing Barbie’s potential as a movie franchise was fraught with challenges. However,
Equinox, a high-end fitness chain, has recently announced the launch of one of the world’s most expensive gym memberships — a $40,000-per-year program called “Optimize by Equinox.” This exclusive program, created in partnership with lab-test startup Function Health, aims to enhance overall health and longevity through personalized health plans that encompass a wide range of
Former Starbucks CEO Howard Schultz recently shared his thoughts on the coffee chain’s disappointing quarterly report, asserting that the company has the potential to bounce back by revitalizing its U.S. stores. Despite no longer holding an official position at Starbucks, Schultz emphasized the necessity for enhancing the mobile order and pay experience, as well as
When it comes to investing in dividend-paying stocks, Chord Energy (CHRD) stands out as a promising option. As an oil and gas operator in the Williston Basin, Chord Energy recently declared a base-plus-variable cash dividend of $3.25 per share. This move has caught the attention of analysts, such as Siebert Williams Shank’s Gabriele Sorbara, who
The recent Beijing auto show showcased the intense competition in China’s car market, with a significant number of visitors and car launches. Investment analysts are closely monitoring potential winners in this highly competitive market, as more than 170 brands operate in China, creating oversaturation and fierce competition. This market is currently transitioning from internal combustion
Amgen’s stock saw a significant increase of over 12% after revealing positive initial data on its innovative weight loss injection, MariTide. This announcement sparked concerns among investors regarding new competition in the rapidly expanding weight loss drug market. The news led to a decline in the stock prices of Novo Nordisk and Eli Lilly, key
Universal’s recent release, “The Fall Guy,” starring Ryan Gosling and Emily Blunt, had a lackluster start at the box office, pulling in $3.15M from early showings and Wednesday advance screenings. The movie is projected to make around $35M-$40M over its opening weekend. This sluggish start can be attributed to delays in the production of feature