Swedish clothing retailer H&M saw sales in local currencies fall by four per cent in the fourth quarter of its financial year. That's more than analysts had estimated, and the biggest drop since the third quarter of last year. Customers are spending less, and the company has also closed branches in Russia. The world's second-largest apparel retailer made the announcement in a... Read more
Software company Adobe released its fourth-quarter results yesterday after the market closed. The quarterly results themselves beat market expectations, but analysts were not too happy with the annual outlook provided. The stock has gained about 85% since the beginning of the year.
Financial results
Adobe's revenue rose 12% year-over-year to $5.05 billion, beating analyst... Read more
Zara's profit, Inditex, rose significantly by 32.5% for the nine months, although sales growth slowed.
Inditex has invested in expanding its physical and digital stores and strengthened its logistics capabilities, which has helped it outperform competition in the fast fashion sector.
Inditex's sales grew 11%, a slight slowdown from... Read more
Berkshire Hathaway, the investment company of US billionaire Warren Buffett, has sold almost half of its stake in US personal computer maker HP. Buffett's firm made the announcement in a report to regulators on Monday. Berkshire owned 51.5 million shares of HP at the end of November, leaving it holding a 5.2 percent stake in the company. At the beginning of October, Buffett's... Read more
Thanks for the info. I had been thinking about HP for a while before and I'm glad I didn't purchase, as this news would probably have made me quite nervous.
Impulse purchases, the instant decisions that often lead consumers to buy products they didn't originally intend to buy, are not going away. According to a recent report by analysts at RBC Capital Markets, this ongoing trend is a significant boon for specific platforms like Pinterest.
Pinterest, a well-known social media platform that allows users to... Read more
November US CPI inflation data will be released on Tuesday. According to analyst expectations, it should be unchanged month-on-month, but its core value could rise slightly month-on-month. According to Bloomberg, this could open up room for the Fed to consider cutting rates. Bloomberg also estimates that inflation could stay below 3% in the first half of... Read more
As fierce competition in the big tech sector and escalating investor hype make the adoption of artificial intelligence (AI) an increasingly risky proposition, Google is making significant progress with its latest AI software model, Gemini. Alphabet, Google's parent company, saw its shares rise 4.8% to $136.25 early last quarter - a... Read more
So the Gemini video unfortunately turned out to be very "rigged" and I expect the market will give Google a fair bit more of a hard time about it. It reminds me a bit of Nikola letting her car go downhill and I'm surprised they need this. Are they that scared of OpenAI?
C3.ai shares fell after lower-than-expected earnings in its fiscal second quarter, although its reported net loss improved slightly from a year earlier.
C3.ai posted a loss per share of 13 cents, better than analysts' expectations, but earnings fell short of the FactSet consensus.
The move to a consumption-based pricing model has gained support... Read more
Silicon Valley-based tech giant Nvidia Corp. has announced plans to collaborate with Japanese research organizations, companies and startups to build an artificial intelligence (AI) ecosystem in Japan. By leveraging its expertise in manufacturing graphics chips, which are widely used for training AI services, Nvidia aims to meet the... Read more
I wonder what exactly you mean by that. An AI factory, sounds like an absolute factory to me. Do they mean robots or what? There doesn't have to be a factory for the ai itself, there has to be an office.
Telecom company Ericsson wins $14 billion project to modernize AT&T
Swedish telecommunications company Ericsson has won a USD 14 billion project to upgrade AT&T's wireless networks.
Ericsson has won a USD 14 billion contract to upgrade AT&T's wireless networks. The Swedish telecommunications company announced Monday that AT&T will be able to select more suppliers for antennas... Read more
Nice news, I'm not in this company yet but I've known about it for a while, I was quite worried about this business but it seems that as Marek writes, it's waking up, what's your opinion about them? 😊
Does HM have its own shares or does it fall under something?