After the remarkable success of the 2024 Olympics in Paris, the spotlight is now on Los Angeles as the city gears up to host the Summer Games in 2028. With high expectations set by the previous event, key stakeholders are confident that Los Angeles will rise to the occasion. Los Angeles Mayor Karen Bass expressed
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Australian property listing firm REA Group recently made a cash-and-stock takeover offer to Britain’s largest real estate portal Rightmove. The offer, amounting to 5.6 billion pounds ($7.32 billion), was aimed at expanding REA’s presence in the lucrative international markets, particularly in the significantly larger British housing market. Despite the substantial premium of 27% offered by
The Bank of Japan’s policymaker, Junko Nakagawa, recently stated that the central bank would continue to raise interest rates if inflation aligns with its forecasts. This indicates that the bank remains committed to its plan of steadily increasing borrowing costs despite the market turmoil experienced last month. However, Nakagawa also emphasized the need to consider
Robert Downey Jr.’s Broadway debut in Ayad Akhtar’s play at Lincoln Center’s Vivian Beaumont Theater has taken the theatre world by storm. The play, directed by Bartlett Sher, featuring Downey as a Pulitzer runner-up author who becomes infatuated with Artificial Intelligence, has garnered significant attention and success. Last week, all four previews sold out, grossing
In a recent earnings call, Oracle’s chairman and co-founder, Larry Ellison, made a surprising announcement regarding the future of data centers. Ellison revealed that due to the increasing demand for electricity from artificial intelligence, Oracle is planning to power their data center with small modular nuclear reactors. Ellison described the electricity demand from artificial intelligence
Southwest Airlines recently made headlines with the announcement that executive chairman and former CEO Gary Kelly will be retiring next year. This move comes in the midst of pressure for changes from activist investor Elliott Investment Management. Kelly, who has been part of the Southwest team for nearly four decades, played a pivotal role in
The avocado producer, Mission Produce, saw a significant increase of 21.6% in its stock after reporting a 24% jump in revenue for the fiscal third quarter compared to the previous year. This surge was driven by reported sales of $324 million, a substantial increase from $261.4 million in the same period the year before. On
The technology industry in the United Kingdom is facing challenges when it comes to global commercialization. According to Warren East, former CEO of Arm, a British chip design firm, there is a need for a mindset shift within the investor community to compete on the world stage. East highlighted the criticisms of lackluster growth and
As the trial of Alphabet’s Google began in Alexandria, Virginia, a Justice Department prosecutor accused the tech giant of attempting to control all sides of online advertising technology, thereby dominating competitors and customers. The prosecution argued that Google has established a stronghold over the technological infrastructure that supports the dissemination of news and information through
Apple recently unveiled its latest series of iPhones, Apple Watches, and AirPods at a highly anticipated event. Despite the fanfare surrounding the new products, investors did not seem impressed initially. The stock experienced a decline as the event commenced, but managed to stage a late-day rally to close in the green. Apple shares had hit