Grab, the Southeast Asian ride-hailing giant, recently announced its first-ever profitable quarter, reporting a profit of $11 million in its fourth-quarter earnings report. This marks a significant turnaround from the $391 million loss recorded in the same period a year ago. The company attributed this boost in profitability to improvements in Group adjusted EBITDA, fair
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The recent earnings report from U.S. chip design firm Nvidia has sent shockwaves through the semiconductor industry. Nvidia exceeded Wall Street’s expectations for fourth-quarter earnings and revenue, leading to a significant rally in artificial intelligence and semiconductor chip stocks. Notably, Nvidia projected “continued growth” in 2025 and beyond, setting a positive tone for the industry
Arc Boat Company, a startup dedicated to electrifying boating for sports and leisure, has recently introduced its second electric boat model called the Arc Sport. Priced at $258,000, the Arc Sport is designed for wake sports enthusiasts and aims to compete with high-end models offered by established traditional boat makers. This new model is a
In a groundbreaking development, a patient who has been implanted with Neuralink’s brain technology can now control a computer mouse simply by using their thoughts. The announcement was made by Elon Musk, the founder of the company, who revealed that the patient had experienced a full recovery with no reported negative effects. Neuralink, a startup
The European Commission is reportedly preparing to fine Apple approximately 500 million euros for alleged breaches of EU competition law, as reported by the Financial Times. The investigation was initiated after Spotify filed a formal complaint, accusing Apple of hindering third-party music services on its devices while favoring its own Apple Music service. One of
Sony faced a major setback last week when it announced a reduction in its sales forecast for the PlayStation 5 console for the fiscal year. This decision led to around $10 billion of value being wiped off Sony’s stock, causing concern among analysts. The new sales forecast now stands at 21 million units, down from
Norway has been making headlines for having the highest electric vehicle adoption rate in the world. With a staggering 82% of new car sales being electric vehicles in 2023, Norway has far surpassed other countries like the U.S. and China. This remarkable feat is a result of the Norwegian government’s long-standing initiatives to incentivize the
The cryptocurrency exchange giant, Coinbase, experienced a significant surge in its shares, soaring by 12% during U.S. premarket trading after unveiling its first quarterly profit in two years. This breakthrough has undoubtedly marked a game-changing milestone for the company, instilling investors’ confidence and triggering positive market reactions. Coinbase, the most prominent cryptocurrency venue in the
New York City Mayor Eric Adams has taken a bold step in addressing the mental health crisis among young adults and children in the city. On Wednesday, Adams announced that his administration has filed a lawsuit against the parent companies of popular social media platforms TikTok, Instagram, Facebook, Snapchat, and YouTube. The lawsuit, filed in
Waymo, the self-driving vehicle unit of Alphabet, recently made headlines with its decision to file a voluntary recall notice for software used in their driverless cars. This move marks a significant first for the company and raises questions about the safety of autonomous vehicles. In this article, we will analyze the implications of Waymo’s voluntary