Apple’s highly anticipated mixed-reality headset has finally hit the shelves in China, but with a staggering 18% increase in retail price compared to the U.S. market. The disparity in pricing has raised eyebrows among Chinese consumers, with many questioning the rationale behind the higher cost. A customer in Beijing, identified only as Chen, went as
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Protection of user data is a key aspect that needs to be addressed in the development and integration of artificial intelligence (AI) technology. In an exclusive interview with CNBC, George Zhao, CEO of Honor, highlighted the significance of safeguarding user data while emphasizing the transforming power of AI. Honor’s approach to AI operations involves limiting
Chewy shares experienced a significant rally following a post by Roaring Kitty on social media platform X. The post featured a picture that resembled the logo of the online pet food retailer, causing the stock to surge by as much as 34% to $39.10. However, these gains were short-lived as the stock later dipped by
The cost of prescription medications in the United States has been steadily increasing over the years, outpacing inflation by a significant margin. Recent data from GoodRx, a drug savings company, reveals that the cost of prescription drugs has gone up by 37% since 2014. This surge in prices has led to higher out-of-pocket expenses for
The housing market is showing signs of cooling down as home prices, although still higher than a year ago, are seeing shrinking gains. Reports indicate that sellers are starting to lower their prices after facing a stagnant spring market. For the first time since the Covid-19 pandemic began, the typical house sold slightly below its
Chinese automakers are poised to aggressively expand their presence in the global automotive market, aiming to capture a 33% market share by 2030, as per a recent report by AlixPartners. This ambitious target reflects a significant increase from the projected 21% market share for Chinese automakers in the current year. The growth is expected to
The upcoming presidential debate between President Joe Biden and former President Donald Trump is expected to shed light on their respective stances on tax policies. Experts believe that this debate could provide insights into the future of tax breaks introduced under the Tax Cuts and Jobs Act of 2017 (TCJA). Several key provisions of the
Walgreens’ shares witnessed a steep decline of almost 20% following the release of its fiscal third-quarter earnings report. The company reported earnings that were significantly below expectations and subsequently adjusted its full-year profit outlook. Walgreens now predicts adjusted earnings per share in fiscal year 2024 to be in the range of $2.80 to $2.95, down
H&M, one of the world’s most renowned retailers, experienced a significant blow when its second-quarter profits fell short of expectations. The company reported a 14% drop in its shares, causing alarm among investors. This plunge was primarily due to H&M’s lower-than-anticipated operating profit of 7.1 billion Swedish krona, missing the mark of 7.37 billion Swedish
As Cody Gude eagerly awaited the reduction of his student loan payment from $200 to $100 under the Saving on a Valuable Education (SAVE) plan, news broke that major parts of this plan were put on pause. This decision, prompted by temporary injunctions from federal judges in Kansas and Missouri, has left millions of student
