In the midst of a soaring equities market and the rise of trading apps like Robinhood, Apple and Goldman Sachs had plans to introduce a stock trading feature for consumers. According to unnamed sources, the project was put on hold in the wake of market downturns. This little-known endeavor would have expanded Apple’s suite of
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Instacart, the popular grocery delivery company, made its highly anticipated debut on the Nasdaq, with its shares soaring 40% on the first day of trading. The stock opened at $42, marking a significant increase from its offering price of $30 per share. This strong performance has boosted Instacart’s valuation to approximately $14 billion, a far
Apple recently unveiled iOS 17, the most significant software update for iPhones this year. This eagerly anticipated update is available for all iPhones from 2018 or later. Every year, alongside the launch of new iPhone models, Apple releases a major update to its operating system. The good news is that you don’t need to buy
Disney, one of the world’s largest entertainment companies, is contemplating selling off ABC and its owned affiliates, linear cable networks, and a minority stake in ESPN. While selling assets can help Disney lower its leverage ratio and offset losses from its streaming businesses, the primary motivation behind this potential move is to signal to investors
Three Democratic members of the Senate Committee on Armed Services have raised concerns about SpaceX CEO Elon Musk and his alleged role in disabling or impeding the function of Starlink satellite communications terminals used by the Ukrainian Armed Forces in 2022. Sens. Jeanne Shaheen, Elizabeth Warren, and Tammy Duckworth have sent a letter to Defense
The chip design company, Arm Holdings, experienced a significant surge in its stock price during its initial public offering (IPO). Valued at almost $60 billion, Arm’s shares were sold at $51 apiece, leading to an increase of over 16% in intraday trading on Thursday. This article will delve into the details of Arm’s IPO and
Apple recently launched its iPhone 15 range, and while the prices in the U.S. remained the same as the previous generation, the tech giant raised prices in key markets such as China, Japan, and India. This move comes as Apple aims to reinvigorate growth, particularly in countries like India that have become a focal point
Bitcoin experienced a significant bounce on Tuesday, recovering from the losses it incurred the previous day. The price of the cryptocurrency surged by 4.5% and reached $26,185.72, as reported by Coin Metrics. Just a day before, Bitcoin had dropped below the crucial support level of $25,000 for the first time since March. The sudden rebound
In a surprising turn of events, Tesla’s shares saw a significant rise of over 10% following an optimistic note from Morgan Stanley regarding the company’s future prospects. This upgrade not only envisioned the possibility of Tesla selling AI technology to other automakers but also highlighted the potential cost-saving benefits of utilizing its own GPUs instead
Over the past year, the world of freelance tech jobs has witnessed a significant transformation. As the rise of generative artificial intelligence (AI) continues, it is reshaping the freelance job market in unprecedented ways. Platforms such as LinkedIn, Upwork, and Fiverr have reported a surge in AI-related job posts from employers, as well as an