Rue21 Files for Bankruptcy
The Rue21 mall staple, which specializes in activities for the sale of clothing for teenagers, will stop its business in the coming weeks and close all its 540 stores.
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Apple Plans $110 Billion Share Buyback
Last Thursday, May 2, Apple released information about its financial results for the first quarter of 2024 and announced a record share buyback.
Wealth Management Startup Altruist Raises $169 Million
Wealth management startup Altruist has announced that it has managed to raise $169 million in investment funds.
Jerome Powell Keeps Hopes Alive for Interest-Rate Cut
Federal Reserve Chairman Jerome Powell, still at the level of hypothetical assumptions, does not deny the likelihood that at some point during the current year, a decision will be made on cutting interest rates, but at the same time recognizes the fact that the circumstances of the external environment are not absolutely favorable for lowering […]
Walmart Launches New Grocery Brand
Walmart has unveiled a new grocery brand as part of its drive to retain the customers the company gained during a period of high inflation.
AMD Reports First-Quarter Earnings
Advanced Micro Devices (AMD) on Tuesday, April 30, released information about the financial results of its operations in the first quarter of the current year.
Pinterest Shares Increase on Earnings Beat
The share price of Pinterest on Tuesday, April 30, increased by 18% during extended trading.
Amazon Profit Beats Estimates
Amazon has released its earnings data for the first quarter of 2024, which exceeded preliminary expectations.
Amazon Says Prime Delivery Speed Increases
Amazon has reported that its Prime deliveries are showing record-high speeds.
Meta to Launch Bonus Program for Creators on Threads
A time-limited bonus program will be launched on the Threads social network, which is part of the ownership structure of the Meta technology giant.
Snap Says Augmented Reality Drives User Engagement
Snap, which owns the popular Snapchat virtual platform, believes that augmented reality will be one of the most significant advances in the area of computing ever seen in the world.
CEOs of OpenAI, Google and Microsoft to Join Federal AI Safety Panel
The United States government has asked companies operating in the artificial intelligence industry for advice on how to use advanced technology to protect utilities, airlines, and other critical infrastructure from hacker attacks applying AI.
Alphabet’s Value Exceeds $2 Trillion Mark
The market capitalization indicator of Alphabet Inc. on Friday, April 26, significantly exceeded the historical mark of $2 trillion.
Intel Shares Fall Due to Weak PC Chip Demand
Intel’s share price on Friday, April 26, at the premarket showed a significant decline of more than 7% after the company’s pessimistic sales forecast for the second quarter of 2024 testified that the so-called artificial intelligence boom reduces consumer spending on microcircuit for traditional data centers and computer chips.
Airwallex Expands to U.S.
U.S. businesses can now use Airwallex to accept cards, mobile wallets, and local payment methods for cross-border transactions.
Amazon to Invest $11 Billion in Indiana
Amazon.com ‘s cloud computing unit has announced plans to invest $11 billion in projects to build data centers in Indiana.
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