Xiaomi, the Chinese smartphone company, has taken the electric vehicle market by storm with its new electric SU7 sedan. Despite undercutting Tesla’s Model 3 on price, Xiaomi has managed to surpass expectations by receiving over 70,000 orders for its electric vehicle as of April 20. CEO Lei Jun revealed that the company is on track
Goldman Sachs’ David Kostin recently discussed his expectations for higher earnings despite worries about margin pressures in the face of rising inflation. Kostin highlighted the performance of companies during this earnings season, revealing that about one-fifth of companies have reported their earnings thus far. From these reports, he noted that approximately two-thirds of companies have
The study conducted by Shima Moein and her colleagues revealed that taste dysfunction typically resolved within a year after being exposed to COVID-19. However, smell loss persisted in a significant number of individuals. The research highlighted that 30.3% of people with prior COVID-19 experienced olfactory dysfunction, compared to only 21% of those who had never
Jack Dorsey, the CEO of payments company Block, has announced the expansion of their bitcoin mining ambitions. The company, formerly known as Square, has revealed plans to move beyond just designing chips to developing a full bitcoin mining system. This new system includes a standalone three-nanometer bitcoin mining chip along with a custom-designed mining system.
The Federal Trade Commission recently made a groundbreaking decision to ban noncompete agreements nationwide in a 3-2 vote. This move is aimed at giving employees more freedom and choice when it comes to choosing their employers. The implications of this decision are far-reaching, with both supporters and opponents voicing their opinions on the matter. Noncompete
PepsiCo recently released its quarterly earnings report which exceeded analysts’ expectations in both revenue and earnings per share. Despite facing challenges such as weaker U.S. demand due to recalls and backlash on pricing, the company managed to report earnings per share of $1.61, surpassing the $1.52 expected. Additionally, the revenue of $18.25 billion also exceeded
TikTok and its parent company, ByteDance, have been actively lobbying in the United States to prevent legislation that could potentially ban the social media app. Combined, they have spent over $7 million this year alone on lobbying efforts. ByteDance invested a record $2.68 million on in-house TikTok lobbyists, while TikTok itself spent over $4.5 million
The highly anticipated horror film, Stream, produced by the creative minds behind the successful Terrifier franchise, is gearing up for its theatrical release on August 21 in the U.S., Canada, and Mexico. Bringing together the majority of the Terrifier 2 crew, including producer Phil Falcone, composer Paul Wiley, and special effects expert Damien Leone, Stream
Microsoft has recently unveiled Phi-3, its latest and smallest language artificial intelligence (AI) model. This release is significant as smaller AI models have the potential to be run on smartphones, making them more accessible and versatile for everyday use. Phi-3 is the successor to Phi-2, with increased training database and parameters, allowing it to understand
The chief executive of Norway’s massive sovereign wealth fund recently commented on the tech sector, highlighting concerns about excessive valuations. With major tech companies such as Tesla, Meta, Microsoft, and Google parent Alphabet set to report their earnings, there is speculation about the sustainability of the current market froth. The Nasdaq Composite experienced a significant