Not too long ago, experts were ready to declare long-haul low-cost airlines (LHLCCs) a failure. After all, they couldn't match the success of short-haul low-cost carriers. But as the pandemic eased, something unexpected happened. Demand for budget flights surged, and LHLCCs started making profits. H
The United States economy is shifting gears, moving from a period of slow growth and low-interest rates to a phase of faster growth, higher prices, and market volatility. This change means it will cost more to borrow money and savings will yield better returns. Workers might also enjoy higher wages.
You might have heard about bitcoin's price going up because of things like trade deficits and the dollar losing value. But there's another reason that not many people talk about: lost bitcoins. When people die or forget how to access their bitcoin wallets, those tokens are gone for good. This is lik
Apple’s newest iPhone 16 is making waves in China. Sales are up by a whopping 20% compared to last year’s iPhone 15. This is great news for Apple, which has faced tough competition from Chinese phone makers like Huawei. The iPhone 16 Pro and Pro Max are the stars of the show, with their sales jumpin
China recently poured half a trillion dollars into its struggling property sector. Experts, however, aren’t convinced this is enough to turn things around. The move comes after a summer of poor economic data, raising fears that China might miss its growth target. Leader Xi Jinping finally rolled ou
Ever wondered how well Big AI follows the rules? LatticeFlow, a startup from ETH Zurich, is taking a stab at answering that question. They've created a way to measure if AI models stick to the European Union's new AI law. This law is like a set of rules for AI apps, and it's now in effect. But how d
NVIDIA has just released a powerful open-source AI model called Llama-3. 1-Nemotron-70B-Instruct. This model is designed to make AI responses more accurate and helpful. It's based on Meta's Llama-3. 1-70B-Instruct Base and has been fine-tuned by NVIDIA. The model uses a special technique called Stee
A prominent short seller, Hindenburg Research, revealed that it bet against Roblox, a kids' gaming platform, accusing the company of exaggerating user activity and failing to protect children from disturbing content. Roblox, with a market value of around $25 billion as of Tuesday, has seen its stock
Have you ever wondered what happens when a huge economy like China's starts to slow down? Well, it's a big deal, and it's happening right now. China's economy is growing at its slowest pace in months. This is because of problems like a crashing property market, people not buying much, and prices goi
Imagine waking up to some good news! Netflix's stock took a big leap on Friday. This happened right after the streaming giant announced its latest earnings. These numbers were way better than what experts had guessed. The company reported making $5.40 per share in the last three months, which is mor
