Recent statistics reveal a concerning trend for foreign-branded smartphone sales in China. Data released by the China Academy of Information and Communications Technology (CAICT) shows that these sales dropped by 12.7% in August year-on-year. Specifically, the sales volume fell to 1.87 million units compared to 2.142 million units sold in August of the previous year….
Flutter, the largest online betting company in the world, has announced a significant financial forecast, predicting that its core profits will more than double by 2027. The company plans to achieve this ambitious target through growth in the U.S. market and a share buyback program of up to $5 billion. Flutter’s expansion, driven by the…
Microsoft has unveiled a transformative investment plan, committing $1.3 billion to Mexico over the next three years. This significant initiative aims to boost the country’s cloud computing capabilities, drive artificial intelligence (AI) adoption, and improve internet connectivity for underserved regions. The company’s efforts align with Mexico’s growing demand for advanced digital solutions and position the…
NOYB Files Privacy Complaint Against Mozilla Mozilla, the company behind Firefox, is facing a new legal challenge. NOYB (None of Your Business), an advocacy group for digital rights led by privacy activist Max Schrems, has filed a formal complaint against Mozilla. The issue centers on Mozilla’s implementation of a “privacy-preserving attribution” (PPA) feature within Firefox,…
Walmart is preparing for the potential initial public offerings (IPOs) of its subsidiaries, Flipkart and PhonePe. This process may take several years, according to Dan Bartlett, Walmart’s executive vice president for corporate affairs. Overview of the IPO Timeline During Walmart’s shareholder meeting in Bentonville, Arkansas, Bartlett emphasized that the IPOs are being considered over the…
Recently, concerns have been raised about NewsBreak, a popular news aggregation app in the United States. U.S. lawmakers are calling for closer examination of the app due to its Chinese origins and the use of artificial intelligence tools that have produced erroneous stories. This article delves into the issues surrounding NewsBreak, its connections to China,…
Stock influencer Keith Gill, known for his role in the GameStop (GME.N) stock rally of 2021, made a highly anticipated return to livestreaming on Friday. Despite drawing a significant audience, his appearance did not generate the investor enthusiasm needed to reverse the company’s recent stock slump. Gill’s Livestream and Its Impact Keith Gill, who gained…
Google has recently sidestepped a jury trial in a significant antitrust case by paying $2.3 million to settle monetary damages claimed by the U.S. government. This move, determined by a federal judge, shifts the case to a non-jury trial focused on non-monetary demands. The upcoming trial, set for September 9, will address the Justice Department’s…
In a significant update to the S&P 500, three notable companies—private equity firm KKR & Co, cybersecurity specialist CrowdStrike, and internet services provider GoDaddy—are set to join the prestigious index before the market opens on June 24. This change reflects the dynamic nature of the market and the evolving focus of investors on sectors such…
Dell’s Financial Outlook Impact of AI Investments on Quarterly Profits Dell Technologies’ stock dropped approximately 14% in premarket trading on Friday. The company, known for its PC and server products, anticipates that substantial investments in artificial intelligence (AI) will negatively affect its quarterly earnings. If the premarket losses persist, Dell could see a market value…
