Target's holiday shopping forecast is a bit of a bummer. They think sales will stay the same, and profits might go down. This isn't great news for Target, which saw sales go up by just 0. 3% last quarter. Their shares dropped by as much as 20% in early trading on Wednesday. Target is like a canary in a coal mine for retail. If things are tough for them, it might mea...
Yum Brands announced its third-quarter earnings this Tuesday, falling short of what Wall Street expected. Both KFC and Pizza Hut saw their same-store sales drop more than anticipated. Here's a breakdown of the numbers: - Earnings per share hit $1. 37, missing the expected $1. 41. - Revenue came in at $1. 83 billion, lower than the predicted $1. 90 billion. - Net i...
Samsung Electronics has some exciting news to share with investors. They're making significant headway in supplying their top-notch AI memory chips to Nvidia Corp. This development is crucial as Samsung wants to keep up with its rival, SK Hynix Inc. , in a booming market. A senior executive hinted at “meaningful” progress during key stages of the qualification proces...
Imagine asking a chatbot for the latest sports scores, stock quotes, or news updates, and getting real-time answers. That's what OpenAI has just made possible with its new search feature in ChatGPT. This move puts OpenAI in direct competition with search giants like Google and Microsoft's Bing. The feature, called SearchGPT, was beta-tested in July. It uses real-time...
Let's talk about Oppo's latest flagship phones, the Find X8 and X8 Pro. Launched in China on Thursday, these phones pack some serious features, one of which is a shutter button that might remind you of the iPhone 16. The X8 Pro, the premium version, starts at around $745, while the X8 is more affordable at about $590. The X8 Pro is loaded with tech. It's got a big 6...
The sudden surge of nimble pure-play electric vehicle (EV) makers from China has left traditional automakers scrambling to rethink their strategies. Led by companies like Nio, Li Auto, Xpeng, BYD, Zeekr Intelligent, and Xiaomi, Chinese EV makers have captured significant market share by leveraging low-cost labor, advanced technology, and aggressive international expa...
Infineon Technologies is on the cusp of a major breakthrough in the semiconductor industry with the development of the world's first 300 mm power GaN wafer technology. GaN chips are smaller, lighter, and more cost-effective than traditional silicon chips. The company's CEO, Jochen Hanebeck, is confident that the technology will unlock the full potential of gallium ni...