In a recent exclusive interview, CEO George Zhao of the Chinese smartphone company Honor emphasized the critical importance of protecting user data when utilizing artificial intelligence. Zhao believes that the potential of AI is diminished if data security and user privacy are not adequately safeguarded. This stance is in response to Apple’s announcement of personalized
In recent years, the cost of prescription medications in the U.S. has been steadily on the rise, with a staggering 37% increase since 2014. This surge in prices far outpaces the rate of inflation, creating a significant financial burden for consumers across the nation. The average American now spends $16.26 out of pocket per prescription,
Recent reports indicate a shift in the housing market dynamics, with home prices showing signs of cooling off. While prices are still higher compared to a year ago, the rate of growth is slowing down. According to Redfin, the typical house sold for slightly less than its asking price for the first time since the
Chewy shares experienced a significant rally on Thursday, all thanks to the meme stock leader, Roaring Kitty, also known as Keith Gill. Gill posted an image on a social media platform resembling the logo of the online pet food retailer, causing a surge in Chewy’s stock price. However, the gains were short-lived as the shares
The automotive industry is undergoing a significant transformation, with Chinese automakers poised to dominate the global market by 2030. A recent report by AlixPartners predicts that Chinese automakers will achieve a 33% market share by the end of this decade, representing a significant increase from the current 21% market share. This growth is expected to
In a recent turn of events, Walgreens saw a steep decline of nearly 20% in its shares after reporting fiscal third-quarter earnings that missed expectations. The company also revised its full-year adjusted profit outlook downwards, indicating a challenging road ahead. This comes as a shock, especially since the company had previously expected a stronger consumer
As President Joe Biden and former President Donald Trump gear up for the first presidential debate of the 2024 general election, the focus is likely to be on tax policy. Specifically, experts point out that one key issue that may come under scrutiny is the Republicans’ expiring tax breaks which were put into effect through
H&M faced a sharp decline in its stock value, dropping more than 14% after reporting lower-than-expected profits for the second quarter. This negative performance caused concern among investors and led to a significant sell-off of shares in the company. Profit Results The operating profit for the period of March to May was 7.1 billion Swedish
As the news broke that major parts of the Saving on a Valuable Education, or SAVE, plan were put on pause due to two federal judges issuing preliminary injunctions, borrowers like Cody Gude felt a wave of disappointment and confusion. Gude, a resident of Tampa, Florida, was eagerly awaiting a drop in his student loan
Morgan Stanley, one of the leading financial institutions on Wall Street, is taking a significant step towards integrating artificial intelligence into its operations. The introduction of Debrief, an AI assistant designed to streamline the work of financial advisors, marks a pivotal moment in the industry. This move is expected to revolutionize the way advisors interact