China has been making significant progress in the development and deployment of robotaxis in recent years. Local Chinese governments, from Beijing to Guangzhou, have been allowing domestic players to operate robotaxi rides for the public. This has led to a surge in the popularity of robotaxis, with videos about fully autonomous driving taxi experiences becoming
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Intuit, the parent company of TurboTax, recently faced a setback in midday trading as its shares fell by nearly 4%. This decline was a result of the company’s decision to cut 1,800 jobs, representing about 10% of its workforce. The move came as Intuit seeks to increase investments in artificial intelligence. However, it also announced
Etsy, the online marketplace that was once a haven for artisans and craft makers, has been experiencing a shift towards mass-produced, generic items in recent years. This influx of resellers has prompted Etsy’s CEO, Josh Silverman, to take action in an effort to return the platform to its roots. A major overhaul of the site’s
Investors face a challenging landscape of mixed economic signals and a soaring S&P 500 index. In such times of uncertainty, turning to research from top Wall Street analysts can provide guidance on stocks with strong fundamentals and growth potential. One such pick is Micron Technology (MU), a chipmaker that recently reported impressive results for the
The stock of Samsung Electronics reached its highest level since January 2021 following the announcement of better-than-expected profits for the second quarter. The South Korean tech giant saw an increase in its stock price by as much as 2.24% on Friday morning, trading at 86,500 Korean won ($62.73) according to LSEG data. This surge came
The recent $2.65 billion deal between Saks Fifth Avenue parent HBC and department store chain Neiman Marcus is a strategic move to boost their negotiating power with vendors and enhance their ability to control costs. In the midst of a luxury retail market grappling with slowing demand due to high interest rates and inflation, this
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
Mt. Gox, once the largest spot bitcoin exchange in the world, met a tragic end a decade ago after being hacked and declaring bankruptcy. The platform claimed to handle around 80% of all global dollar trades for bitcoin and was a pivotal player in the cryptocurrency market. The company, whose name was derived from “Magic:
Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
As of the end of 2023, Apple, Microsoft, Amazon, and Google stood as the leading global brands, dominating the market with their valuable presence. However, a surprising name emerged as a fierce contender in the race for market cap dominance – Nvidia. With a staggering valuation of $3.1 trillion (briefly reaching $3.3 trillion), Nvidia soared
Elon Musk found himself under scrutiny when he lashed out at advertisers considering pulling their ads from his X social media platform. Speaking at the Cannes Lions advertising festival in France, Musk clarified his previous comments by stating that his intention was to defend free speech rather than target the advertising industry as a whole.
The burgeoning demand for cloud computing and artificial intelligence has propelled Malaysia onto the global data center stage. In recent years, the country has become a magnet for investments from tech giants such as Google, Nvidia, and Microsoft. The city of Johor Bahru, situated on the border with Singapore, has emerged as a focal point
The U.S. retail sector is currently facing challenges due to elevated interest rates, which have put pressure on many companies within the industry. While the S&P 500 Consumer Discretionary Distribution & Retail index has managed to stay relatively in-line with the overall market performance, the sector’s gains have been largely driven by a select few
The introduction of bitcoin exchange traded funds has been a highly anticipated event in the financial world, with significant implications for investors and financial advisors alike. According to BlackRock’s Samara Cohen, the adoption of these ETFs by financial advisors is happening gradually, with self-directed investors leading the way in terms of purchases. Investor Behavior Currently,