HSBC has announced robust financial results for the first half of 2024, demonstrating resilience and strategic growth across its global operations. The bank reported an annualized return on tangible equity of 21.4%, a slight decrease from 22.4% in the same period last year. The common equity tier 1 capital ratio also saw a minor increase…
Amazon faces major investigation because of its duty to recall more than 400 thousand potentially dangerous goods. The Retail giant faces legal charges from the Consumer Product Safety Commission to uphold consumer safety due to defects spotted in items sold. Key Issues Leading to the Recall The recall involves a variety of products, including: Since…
Starbucks recently released its Q2 2024 earnings report, revealing a blend of positive developments and ongoing challenges. The company experienced a decline in international net revenues, yet demonstrated strong growth in certain segments and continued its global expansion efforts. Decline in International Revenues In Q2 2024, Starbucks saw a 5% drop in net revenues from…
Advanced Micro Devices (AMD) reported impressive results for the second quarter of 2024, surpassing analysts’ expectations. The company announced a total revenue of $5.8 billion, slightly higher than the anticipated $5.7 billion. The earnings per share (EPS) also beat expectations, coming in at $0.69 compared to the forecasted $0.68. Key Performance Drivers Financial Health and…
Nvidia, the renowned chipmaker, saw its shares drop by 7% as part of a broader tech sell-off, erasing a significant portion of its market value. The company’s shares have been volatile, losing about $750 billion in market capitalization over the past six weeks. This decline is part of a larger trend affecting tech stocks, driven…
On July 31, 2024, the Bank of Japan (BOJ) made a significant policy shift by raising its benchmark interest rate to 0.25%. This move marks the end of an era characterized by negative interest rates, a strategy the BOJ had maintained to combat deflation and stimulate economic growth for the past eight years. Why the…
Microsoft’s Q4 FY2024 earnings call revealed significant insights into the company’s financial health and strategic direction. Despite challenges, the tech giant demonstrated robust growth, particularly in its cloud and AI sectors. 1. Strong Cloud Performance Microsoft’s cloud segment continues to be a critical growth driver. The company reported cloud revenue of $35.1 billion for the…
Recently, Microsoft reported its fourth-quarter earnings for fiscal year 2023, revealing a mix of positive and negative outcomes. While the company beat analysts’ expectations with revenue of $56.2 billion and an earnings per share of $2.69, slower growth in its Azure cloud segment and legacy Windows PC business disappointed investors. Azure’s revenue growth slowed, contributing…
In a concerning development, the notorious Mandrake spyware has re-emerged on Google Play through five applications, affecting thousands of users globally. Originally documented by Bitdefender in 2020, Mandrake is a sophisticated malware designed for extensive data collection and remote control of infected devices. Kaspersky identified the latest variant, which evades detection using advanced obfuscation techniques…
In a significant move marking the end of an era, Microsoft has announced the closure of the Xbox 360 Store. As of July 29, 2024, users will no longer be able to purchase new games, downloadable content (DLC), or other entertainment content from the Xbox 360 Store on the console or via the online marketplace….
Apple has just unveiled “Apple Intelligence,” its much-anticipated suite of AI features, at the Worldwide Developers Conference (WWDC) 2024. This new AI platform is designed to significantly enhance the functionality of Apple’s devices, making them more intuitive and user-friendly. Key Features of Apple Intelligence: These advancements mark a significant leap in Apple’s AI capabilities, making…
ASUS has introduced its latest lineup of ultra-portable laptops designed for creators, featuring the powerful AMD Ryzen AI 300 series APUs. These new laptops are set to revolutionize the market with advanced AI capabilities and high-performance specifications, starting at $1,399. Key Features and Models 1. Zenbook S 16 (UM5606): This model combines sleek design with…
