In the rapidly evolving world of electric vehicles, Chinese car companies are not only engaged in a fierce price war but are also turning their attention towards developing their own chip-powered technological features, particularly in the driver-assist function segment. This shift marks a significant departure from the reliance on external suppliers such as Nvidia and
The upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping signifies an important step in improving communication between the two countries. This dialogue comes at a crucial time as tensions continue to run high on various issues such as tech restrictions, Taiwan, the South China Sea, and Ukraine. Recent years have
The article highlights the performance of Nvidia and Salesforce stocks after hours. While Nvidia experienced a decline of about 7% following its quarterly report, Salesforce saw a rise of 4% after beating expectations and hiking guidance. The two stocks are shown to have varying reactions from investors, with Nvidia suffering from sell-offs and Salesforce garnering
Salesforce, a business software maker, experienced a surge in its shares by 4% in extended trading following the announcement of robust fiscal second-quarter results exceeding estimates. However, the news of the company’s chief financial officer, Amy Weaver, stepping down raises concerns about the future financial leadership at Salesforce. The company surpassed expectations with earnings per
The U.S. Department of Education has recently provided more information regarding the implementation of the new Free Application for Federal Student Aid (FAFSA) for the upcoming year. The 2025-26 FAFSA will be released to select groups of students through beta testing starting on Oct. 1 before being accessible to all students and contributors by Dec.
The mortgage rates have been on a declining trend for the past four weeks. Despite this, there seems to be a lack of excitement among both current homeowners and potential homebuyers. The Mortgage Bankers Association reported a mere 0.5% increase in total mortgage application volume last week compared to the previous week. The average contract
The toy industry faced a tough first half of 2024, with sales taking a hit due to inflation. However, amidst this challenging environment, Lego managed to stand out by growing its market share. The Danish toymaker reported a remarkable 13% increase in revenue, reaching 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
Following the announcement of JD.com’s $5 billion buyback late Tuesday, the Hong Kong-listed shares of the Chinese online retailer saw a 1.2% increase on Wednesday. In contrast, the Hang Seng index experienced a decline on the same day. The U.S. listed shares of JD.com also rose by 2.24% after the announcement. Despite this positive movement,