In midday trading, Advanced Micro Devices (AMD) saw a gain of over 2% following the announcement of its plans to acquire server builder ZT Systems in a cash-and-stock deal worth $4.9 billion. This move is expected to strengthen AMD’s position in the market and expand its offerings in the server industry. HP shares dropped more
Waymo, a subsidiary of Alphabet, has recently announced the details of its latest “generation 6” self-driving technology. This new driverless tech, which is being integrated into Geely Zeekr electric vehicles, is expected to be capable of handling a wider range of weather conditions without the need for as many expensive cameras and sensors on board.
After a week of strong performances in global equities, Asian stocks appeared to be taking a breather on Monday. This followed expectations that the U.S. economy would avoid a recession and that cooling inflation would lead to a cycle of interest rate cuts. Federal Reserve members Mary Daly and Austan Goolsbee were vocal over the
Canada’s freight rail network is currently facing a looming crisis that could have a detrimental impact on the country’s economy. The two largest railroad operators in Canada, Canadian National Railway (CN) and Canadian Pacific (CP) Kansas City, have issued lockout notices to the Teamsters union, representing nearly 10,000 workers. If last-minute deals aren’t reached, these
The recent economic data coming out of China suggests that the world’s second-largest economy is facing significant challenges. A combination of factors such as falling new home prices, slowing industrial output, decreasing export and investment growth, and rising unemployment have all contributed to a worrisome picture. While some data points beat forecasts, they did so
In a surprising turn of events, the Coraline 15th Anniversary release managed to secure the fifth spot at the domestic box office with an impressive $8.63 million over the three-day weekend. With screenings on 1,603 screens, the total cume reached $11.6 million, breaking the previous record set by Fathom Events. This stop-motion animated film by
As the digital world continues to evolve, so do the tactics used by scammers to deceive unsuspecting victims. One of the latest trends that has been on the rise in the United States is known as “Pig Butchering” scams. These schemes are not only financially devastating for those who fall prey to them, but they
Buffer ETFs have been gaining attention as a potential hedge against the recent market volatility. Bruce Bond, CEO of Innovator ETFs, believes that buffer exchange-traded funds provide an opportunity for investors to protect themselves from the downside of the market. These buffer ETFs are designed to offer exposure to the market while minimizing the risk
The first stock pick by the Street’s top analysts is project management software provider Monday.com (MNDY). With impressive second-quarter results and a raised full-year outlook, the company has caught the attention of investors. In particular, the increase in paid customers with more than $100,000 in annual recurring revenue (ARR) by 49% to 1,009 has been
Starbucks, a coffee giant known for its iconic locations, has been facing operational challenges that have led to a decline in sales in recent quarters. One of the main issues plaguing the company is the overcrowding at its cafes caused by a high volume of mobile orders. This has not only frustrated customers waiting for