BlackBerry shares surged over 9% following the announcement of a strategic partnership with Advanced Micro Devices in the robotics systems sector. This news sparked investor interest in the company’s future prospects and potential growth in the technology space. Moderna saw a 6% increase in its stock price after reports indicated positive results from an early
Cloud computing has become an integral part of modern business operations, allowing organizations to rent resources in remote data centers and pay based on usage. In an effort to make cloud computing more affordable and efficient, Google has announced the development of a custom-built Arm-based server chip at its Cloud Next conference in Las Vegas.
The global airline industry is currently facing a unique set of challenges as travel demand is expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. This has led to air carriers spending billions on repairs to keep older, less fuel-efficient jets flying, as well as paying
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is facing a challenging decision regarding its monetary policy. Despite concerns about inflation rates, all 11 analysts polled by Reuters anticipate that MAS will maintain its current policy settings in the upcoming review. The persistent inflation in the country is a key factor influencing MAS’s cautious
Recently, Tesla reached a settlement in a wrongful death lawsuit brought by the family of Walter Huang. Huang, an Apple engineer and father of two, tragically lost his life in 2018 when his Model X SUV, with Autopilot features engaged, crashed into a highway barrier near Mountain View, California. This settlement came as jury selection
In a recent turn of events, Tesla has reached a settlement in a lawsuit concerning a tragic 2018 car crash that resulted in the death of an Apple engineer. The incident, involving a Tesla Model X operating on Autopilot, occurred near San Francisco and has been the subject of a lengthy legal battle. The terms
Recent consumer confidence surveys from Japan, Australia, and Taiwan’s inflation print are at the forefront of the Asia-Pacific market calendar. These economic indicators provide key insights into the health of these economies, influencing investor sentiment and market trends. Despite the ongoing surge in U.S. Treasury yields, risk appetite seems to be holding up relatively well
Legendary/Warner Bros’ Dune Part Two has been experiencing great holds in Imax theaters since its opening on March 1st. The percentage drops from week to week have been minimal, with the steepest decline being only -45% in a given week and as low as -36% in its third week. This remarkable consistency can be attributed
One of the companies making headlines in midday trading is GE Vernova, an energy company that recently spun off from General Electric. The stock gained 5.4% after receiving an upgrade to overweight from neutral from JPMorgan. The firm recommended buying the dip in GE Vernova, stating that the shares have pulled back since the spinoff,
Spirit Airlines recently made the tough decision to defer deliveries of new Airbus planes and furlough approximately 260 pilots in an effort to boost its liquidity. This announcement was made by CEO Ted Christie, who expressed that while these steps are not ideal, they are necessary to ensure a strong and profitable future for the