Grab, the Southeast Asian ride-hailing giant, recently announced its first-ever profitable quarter, with a significant increase in profit compared to the same period a year ago. The company reported a profit of $11 million in the fourth quarter, a stark difference from the $391 million loss recorded previously. This positive result can be attributed to
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The recent earnings report released by U.S. chip design firm Nvidia has caused a significant rally in artificial intelligence and semiconductor chip stocks. The company exceeded Wall Street’s expectations for fourth-quarter earnings and revenue. As a result, Nvidia has projected “continued growth” beyond 2025, sparking optimism among investors and industry players alike. Following Nvidia’s positive
The Arc Boat Company recently announced the launch of its latest electric boat model, the Arc Sport, designed specifically for wake sports enthusiasts. This new model, priced at $258,000, follows the success of the company’s earlier limited-edition luxury cruiser, the Arc One. While the production of the Arc One was limited to just a few
Imagine being able to control a computer mouse simply by thinking about it. This futuristic concept is no longer just a dream, thanks to Neuralink’s groundbreaking brain technology. Elon Musk, the founder of Neuralink, recently announced that a patient implanted with the company’s brain implant can now effortlessly move a computer mouse around the screen
The European Commission is reportedly planning to impose a significant fine of around 500 million euros on Apple for violating EU competition laws. This decision comes after an investigation was launched following complaints from Spotify regarding Apple’s alleged anti-competitive practices. The Commission has accused Apple of hindering third-party music services on its devices and favoring
Sony, a Japanese tech giant, recently made headlines after cutting its sales forecast for the flagship PlayStation 5 console for the fiscal year. This decision resulted in approximately $10 billion of value being wiped off the company’s stock. Analysts had already expressed concerns about the ambitious PS5 sales target set by Sony. The new forecast
Norway has set a groundbreaking precedent in the adoption of electric vehicles (EVs) with an impressive 82% of new car sales being EVs in 2023. This far surpasses the rates seen in other countries such as the United States and China. The Norwegian government has made it clear that their goal is to have all
In a surprising turn of events, cryptocurrency exchange Coinbase experienced a significant surge in its stock price, soaring by 12% during premarket trading on Friday, at 10:05 London time. The catalyst for this surge was Coinbase’s report of its first profit in two years. This news sent shockwaves through the market, as investors and cryptocurrency
The city of New York, led by Mayor Eric Adams, has recently taken a decisive step by filing a lawsuit against major social media platforms. TikTok, Instagram, Facebook, Snapchat, and YouTube all face allegations of causing significant harm to the mental health and well-being of young adults and children. This groundbreaking lawsuit highlights the concerns
Waymo, Alphabet’s self-driving vehicle unit, made headlines with its recent voluntary recall notice for software used in its driverless cars. This marked the first time that Waymo had taken such action, demonstrating a willingness to prioritize safety and address potential issues proactively. The decision to recall the software was made after the company consulted with