AI Momentum to Take Apple to $4 Trillion Valuation
The most valuable company in the world, Apple, is inching ever so closer to the coveted mark of $4 trillion valuation. This is because investors are cheering the long-awaited progress the company is making in AI to rejuvenate their sluggish sales of the iPhone. The company has pulled ahead of the competition, like Microsoft and…
Vipin
No More Party City! Company Sells All Stores Nationwide
The biggest retailer of party supplies in the US has just announced that it will close all 700 of its retail stores by February 2025. The supply store is known for being the go-to place for Americans to get glittering backdrops for parties, New Year’s Eve celebrations, Super Bowl parties, or any other special occasion. …
US-China Tensions to Impact Nvidia’s Global Chip Sales
Nvidia, the biggest chipmaker in the world, once held the crown of the most valuable company in the world, is in a bit of a shackle right now. Nvidia has worked for years to make an ecosystem where the whole world can buy AI or normal chips from them. However, that ecosystem is now in…
Lowering Interest Rates, Booming Markets and Businesses
The US Federal Reserve has slashed the interest rate by 25 basis points or a quarter point or 0.25%, for the third time in a row, signalling a bounceback of the economy and lowering concerns over inflation and the potential impact of Donald Trump’s policy decision. This is backed by data from the US Central…
Grubhub to Pay $25 Million in Malpractice Settlement
The Federal Trade Commission and Illinois’ Attorney General said Grubhub will pay $25 million to settle charges for unlawful practices, including charging over-inflated delivery costs. The settlement initially included a $140 million fine against the food delivery platform. However, due to Grubhub’s inability to pay the full amount, it is partially suspended. Although the company…
TikTok Knocks at Supreme Court’s Door to Safe Face After Ban
The Social media platform TikTok asked the Supreme Court of the USA on Monday to save it from the nationwide effect in a matter of weeks by temporarily blocking it. TikTok is making a case that this ban violates the First Amendment rights of both the company and its 170 million American users. They also…
Isak Andic, the Founder of Mango, Passes Away at 71
The founder of the fashion brand Mango, Isak Andic, who led the brand’s move from a storefront in Spain to a conglomerate with more than 2,000 stores across five continents, passed away at the age of 71 following a fall during one of his hiking trips near Barcelona on Saturday. The death was announced by…
Trump’s Inauguration Gets a $1 Million Boost from Amazon
According to CNN, Amazon, one of the biggest e-commerce giants, is planning to donate USD 1 million to Donald Trump’s inauguration. It further mentioned that it will be making $1 million in cash donations and $1 million in donations in kind that will be streamed on Amazon Prime Video. It is also rumoured that Jeff…
John David
Elon Musk Crossed $400 Bn In Net Worth: What Next?
In the latest development, one of the most controversial entrepreneurs, Elon Musk, has become the first to have a net worth of more than $400 Billion. Currently, Musk’s net worth is 140 Bn ahead of Jeff Bezos. According to Bloomberg, the recent surge in Elon Musk’s net worth results from the insider sale of SpaceX…
GM Rethinks Autonomous Future, Focusing on Driver-Aid
On Tuesday, General Motors (GM) announced that it would withdraw from the robotaxi business and halt funding for its Cruise autonomous vehicle unit, which has been operating at a loss. Instead, GM plans to develop driver-assist systems for personal vehicles, such as its Super Cruise, which allows drivers to take their hands off the wheel….