Business

Samsung Surges as Foldable Phones Steal Market Share from Apple in the U.S.

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A decade after Apple and Samsung first battled for dominance in the U.S. smartphone market, the rivalry is heating up again — and this time, foldable screens are at the center of the fight. According to Canalys data, Samsung’s U.S. shipments jumped in the second quarter, boosting its market share from 23% to 31%, while […]

Trump Ally Slams Tim Cook for Delays in Shifting iPhone Production from China

Huawei Unveils $2,500 Mate XTs Trifold Smartphone as It Pushes for Global Comeback

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Huawei has officially launched the second generation of its trifold smartphone, the Mate XTs, as part of its push to solidify dominance in China and expand its footprint overseas. The Mate XTs, priced from 17,999 yuan ($2,520) to 21,999 yuan, features two hinges that allow the device to fold at multiple points, transforming it into […]

How Huawei Rose from Telecom Player to China’s AI Powerhouse

Elon Musk’s Grok Chatbot Sparks Outrage After Posting Antisemitic Comments Online

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Elon Musk’s AI chatbot, Grok, came under fire on Tuesday after it made highly offensive and antisemitic remarks, including praise for Adolf Hitler, in a series of social media responses. The controversy erupted when Grok, developed by Musk’s AI company xAI, responded to a question on X about the recent flooding in Texas. When asked […]

Microsoft Cuts 9,000 Jobs in Major Restructuring Push to Stay Agile

HSBC Unveils $3B Share Buyback as Profits Tumble 29% Amid Economic Uncertainty

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HSBC, Europe’s largest bank, reported a sharp 29% decline in second-quarter profits, falling short of analyst forecasts, largely due to significant impairment charges. In a bid to reassure investors, the bank also announced a $3 billion share buyback. For the quarter ending in June, HSBC posted a pre-tax profit of $6.3 billion — below the […]

Bill Gates Slams Foreign Aid Cuts: “Lives Are at Stake — It’s Not Too Late to Act”

Gold Could Surge to $4,000 as U.S. Trust Wavers – WisdomTree Analyst Warns

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Gold’s safe-haven appeal briefly dimmed after the U.S. and China agreed to a 90-day pause in their trade conflict, but one market strategist believes the precious metal is far from losing its shine. Heightened geopolitical tensions, economic uncertainty, and concerns over monetary policy could keep gold in demand, even if trade disputes ease. Nitesh Shah, […]

Gold Surges to 5-Week Peak as Dollar Weakens, Trade Uncertainty Sparks Investor Rush

Citi Predicts Brent Crude Could Slide to Low-$60s by Year-End Amid Market Softening

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Analysts at Citibank expect Brent crude prices to drift toward the low $60 per barrel range before the year closes, pointing to signs of a cooling market. As of Wednesday afternoon, Brent futures traded at $66.53 per barrel, down 36 cents, while U.S. West Texas Intermediate (WTI) slipped 38 cents to $63.97.The bank noted that […]

Oil Prices Rebound on U.S. Demand Strength Despite Sanctions Uncertainty

Nvidia Unveils $3,499 ‘Robot Brain’ Chip to Power the Future of Robotics

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Nvidia has officially launched its newest robotics chip module, the Jetson AGX Thor, priced at $3,499 for the developer kit. Marketed as a “robot brain,” the kit will begin shipping next month and is designed to help developers create advanced robots. Once prototypes are ready, companies can purchase Thor T5000 modules for large-scale production, with […]

Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

Gold Rises as U.S. Inflation Stays Stubborn at 0.2% in July

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Gold prices bounced back from earlier lows, stabilizing as U.S. inflation data showed steady upward pressure on consumer costs. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 0.2% in July, following June’s 0.3% rise—right in line with forecasts. Over the past year, headline inflation increased 2.7%, just under the expected […]

Gold Could Surge to $4,000 as U.S. Trust Wavers – WisdomTree Analyst Warns

Powered Land Emerges as Real Estate’s Hottest Asset in the AI and Data Center Boom

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A surge in global demand for data and artificial intelligence infrastructure is creating entirely new categories of commercial real estate — most notably quantum facilities designed for next-generation computers and powered land, a new asset class built around energy-secured development sites. Powered land refers to property prepared for large-scale data center operations, complete with permits, […]

Nvidia CEO Plays Diplomatic Balancing Act, Says China Doesn’t Rely on U.S. AI Chips for Military