U.K.-based digital banking app Revolut has signaled its intention to enter the U.S. market by launching a commission-free stock trading platform for United States stocks, the company announced on Wednesday. This move will see the company compete with financial services companies such as Charles Schwab Corp. and fellow digital...
Thai fashion e-commerce startup Pomelo plans to offer its analytics and demand forecast technology to other fashion brands in the region, its chief executive recently announced. This comes as an effort to boost revenue for the company amid slowing physical store sales.
Pomelo chief executive David Jou stated during an...
The shares of electric car maker Rivian surged 23.24% on Wednesday after the company announced a partnership with German automobile manufacturing giant Volkswagen.
According to the announcement, Rivian and Volkswagen will enter a “joint venture to create next generation software-defined vehicle (SDV) platforms to be used in both companies’ future...
Smartphone sales in India have declined by 13% in the second quarter as the nation struggles to contain its second wave of COVID-19 infections. While in-person smartphone sales slipped significantly this quarter, online smartphone sales surged by 87% compared to the previous year, helping to curb the overall market...
Intel CEO Pat Gelsinger has revealed his company's intention to repair its somewhat deteriorating relationship with Apple Inc. "We will pursue opportunities with Apple," Gelsinger announced during a conference call regarding Intel's upcoming business plans on Tuesday evening.
It was during the later stages of 2020 that Intel's 15-year relationship...
Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...
Graphics processing unit manufacturer Nvidia Corp submitted an application to Chinese competition regulators for the review of the company's proposed takeover of the United Kingdom-based chip designer Arm. The deal, worth approximately $40 billion, could take up to 18 months to be processed depending on the length of the...
Semiconductor company Advanced Micro Devices (AMD) plans to lay off 4% of its global workforce, or about 1,000 employees, as part of its efforts to shift focus to the development of artificial intelligence (AI) chips.
AMD views AI as its biggest opportunity for growth, but it has yet to gain...
As the coronavirus pandemic continues to rage on, the unexpected upward trend in sales of single-family homes is finally declining after four consecutive months of consistent increases.
While the ongoing pandemic had a detrimental effect on most industries, the rise experienced by the housing market was supported by low mortgage...