Apple’s aggressive discounting strategy in China appeared promising earlier this year. During an online shopping festival in May, the tech giant offered significant price cuts on its iPhones, aiming to…
Investing
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Investing
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Investing
Malaysia demands compensation from Microsoft and CrowdStrike following global outage: Will others follow?
In a significant development, Malaysia has demanded compensation from Microsoft and CrowdStrike for a massive global outage that disrupted internet services and affected numerous industries. This high-profile case could set…
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In a significant legal victory for gig economy companies, an appeals court in California has upheld Proposition 22, allowing Uber, Lyft, DoorDash, and similar firms to continue classifying their drivers…
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The possibility of Donald Trump securing a second term as President of the United States raises significant questions about the future of electric vehicles (EVs) and clean energy in the…
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Investing
Royal Caribbean Q2 earnings: Cruise operator raises full-year earnings guidance, reinstates dividends
Royal Caribbean Cruises Ltd. has raised its full-year earnings guidance following an exceptionally strong second quarter, driven by high demand for its cruises. The Miami-based company reported net income of…
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Investing
Jet fuel prices fall to $2.39: How this affects your airline ticket prices and aviation industry trends
Jet fuel prices have seen a dramatic drop, now standing at $2.39 per gallon as of July 2024, marking a significant 42% decrease from their peak in 2022. This reduction…
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Investing
MaxLinear stock plunges 30% after Q2 earnings miss, Needham downgrades: What investors need to know
MaxLinear Inc. (NASDAQ: MXL), a prominent player in the radio frequency and mixed-signal integrated circuits sector, has experienced a dramatic 30% drop in its stock price following a disappointing Q2…
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Filecoin (FIL) is facing a significant downturn, with its price dropping to approximately $4.18, marking a 12% decline from recent highs. This drop comes after a sharp 8.5% decrease in…
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Chipotle Mexican Grill (NYSE: CMG) delivered a solid performance in its second-quarter earnings report, showcasing a strong revenue increase and impressive customer engagement despite ongoing inflationary pressures. The company reported…
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US investment group Apollo has struck a deal to buy UK parcel delivery company Evri, gaining control of a significant competitor to Royal Mail. The acquisition is valued at approximately…