XReal, an Alibaba-backed startup, has recently launched a new Android mobile device called the Beam Pro that allows users to enjoy games and movies on Google Play Store apps in three dimensions when used with augmented reality (AR) glasses. This latest product is a significant step in the AR space, especially after Google retired its
Finance
Berkshire Hathaway, known for its investments in a wide range of companies, including its early stake in BYD, has once again decided to trim its holding in China’s biggest electric vehicle maker. This move comes after the conglomerate, led by Warren Buffet, recently sold an additional 1.3 million shares of BYD for $39.8 million. This
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a significant stake in Autodesk, a graphics-design firm. The fund has expressed concerns to the company’s board regarding the disclosure of an internal investigation that led to the removal of its chief financial officer. Starboard’s stake in Autodesk is estimated to be around
Investors seeking to mitigate concentration risk in the market might want to explore the potential benefits of value-oriented investments. According to Avantis Investors’ chief investment strategist, Phil McInnis, a diversified approach beyond traditional index funds like the S&P 500 could offer better long-term returns. By focusing on companies with low valuations and strong balance sheets,
In an era where corporate expenses are often misused and abused, one startup is aiming to revolutionize the way companies control their finances. CleverCards, a Dublin-based firm, has recently secured 8 million euros in funding to further develop its digital platform. This platform is designed to give businesses more control over how their employees use
The financial technology industry is experiencing a shift in perception, with industry insiders suggesting that the sector has hit a “bottom.” At the Money20/20 event in Amsterdam, executives and investors discussed how valuations have adjusted from unsustainable highs seen in the industry’s peak years of 2020 and 2021. Gone are the days of easy venture
Foundation Robotics Labs, a humanoid robotics startup, has been under scrutiny for making false claims and exaggerated statements regarding their relationship with General Motors (GM) and the status of their investments. The company has been seeking the last $1 million in funds for an $11 million seed round, with documents obtained by CNBC revealing that
GameStop, a meme stock that has captured the attention of Wall Street and individual investors alike, faced a significant sell-off in its shares on Wednesday. This sell-off coincided with a surge in trading volume in call options owned by the infamous “Roaring Kitty”, whose real name is Keith Gill. Gill still holds 120,000 call options
The Federal Reserve recently announced its decision to keep its key interest rate unchanged, signaling that only one cut is expected before the end of the year. This decision came as a surprise to the markets, which were hoping for a more accommodative stance from the central bank. The Federal Open Market Committee (FOMC) policymakers,
Apple users will soon have the ability to utilize buy now, pay later loans from Affirm for their purchases, the two companies revealed on Tuesday. This collaboration will make Affirm an option for U.S. Apple Pay users on their iPhones and iPads later this year, as shared by the San Francisco-based fintech company in an
