Samsung Electronics, a South Korean tech giant, is experiencing a surge in its stock price after announcing better-than-expected profit forecasts for the second quarter of the year. The company’s shares reached their highest level since January 2021, climbing as much as 2.24% on Friday morning. This increase can be attributed to the explosive demand for
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The price of Bitcoin took a significant hit, falling to around $57,000 per coin, marking a two-month low. This drop came after the U.S. Federal Reserve released minutes from its June meeting, revealing that the central bank is not yet considering cutting interest rates. The digital currency declined by approximately 5% within 24 hours, reaching
The European Union recently made the decision to raise tariffs on electric vehicles imported from China. This move has caused concern among automakers, with the potential for price hikes and market shifts due to the new levies. The European Commission initially announced plans for tariffs on Chinese electric vehicles in June after determining that producers
Microsoft has reached a settlement in California, agreeing to pay $14.4 million to settle a case involving allegations that the company retaliated against employees who had taken legally protected time off. The California Civil Rights Department has announced the proposed settlement, which will see almost all of the money going to California workers who have
Chinese electric vehicle maker BYD is making waves in the global electric vehicle market, with expectations to overtake Tesla in battery electric vehicle sales this year. According to a Counterpoint Research report, BYD’s BEV market share is set to surge, reflecting the dynamic nature of the EV market. In the second quarter of this year,
Salesforce investors recently voted against the company’s compensation plan for top executives, especially CEO Marc Benioff. The resolution to approve the compensation received more votes against it than in favor, indicating a significant level of disapproval from shareholders. This raises concerns about the equity awards granted to Benioff and the overall compensation structure for executives
Meta, the parent company of Facebook, has come under fire from EU regulators for allegedly failing to adhere to the bloc’s antitrust regulations regarding its new ad-supported social networking service. The European Commission has criticized Meta for implementing a “pay or consent” model, where users must either pay for an ad-free experience or consent to
Generation Z in Asia-Pacific is reshaping the fashion industry by taking inspiration from idols and influencers. Unlike previous generations who relied on traditional shopping methods like department stores and malls, Gen Z is turning to online platforms for the latest trends. According to a recent KPMG report, social media plays a crucial role in influencing
In the cryptocurrency world, the collapse of Mt. Gox, a Japanese bitcoin exchange, remains a significant event that took place a decade ago. After a major hack in 2011, which resulted in the loss of up to 950,000 bitcoins, the exchange declared bankruptcy in February 2014. However, after years of waiting, creditors are finally set
Amazon is upping its game in the cloud infrastructure market by doubling the value of credits offered to startups through its AWS Activate program. This move comes as the company faces stiff competition from Microsoft in the realm of artificial intelligence services. With Amazon looking to maintain its position as a leader in the industry,