China’s rapidly increasing coffee consumption has sparked fierce competition between domestic and international coffee chains, which in recent months have launched thousands of branded locations, surpassing the total number of coffee shops in the US. Analysts predict that as coffee shops spread beyond Beijing and Shanghai to dozens of mid-sized cities where young professionals have…
The ChatGPT-like artificial intelligence product Ernie bot, developed by Chinese internet company Baidu, has more than 100 million users, according to the company. In U.S. trade, Baidu shares closed 3% higher, maintaining a modest increase in the stock for 2023. The Ernie bot user numbers were not disclosed by the corporation as to whether they…
Since a U.S. appeals court on Wednesday halted a government commission’s import ban on the watches imposed in a patent dispute over its medical monitoring technology, Apple can now resume sales of its flagship smartwatches. The tech behemoth had filed an emergency plea with the U.S. Court of Appeals for the Federal Circuit, requesting that…
Pay TV had yet another difficult year as more consumers choose to cut their cable. However, it wasn’t exactly kind to streaming services either, as they had to contend with dropping ad revenue, declining member numbers, and unwavering losses while Netflix remained the industry leader. However, the era of cable bundles is ending and being…
As a result of the sportswear giant cutting NIke its annual sales prediction and sending shares plunging 11%, according to analysts, Nike is beginning to lose market share to upstart shoe labels like On and Hoka and will need to invest in more fashionable models. The creator of the Air Jordan 1 sneaker mostly attributed the negative outlook…
A ban limiting the amount of popular Apple Watches that may be imported into the US has gone into force. Here are some consumer implications of the prohibition as well as Apple’s future plans. Why was there a ban? Apple was ordered by the U.S. International Trade Commission in October to cease importing and selling…
Although the demand for lab-grown diamonds has been continuously increasing in India, industry analysts predict that naturally mined diamonds will continue to sparkle for a very long time. India presently boasts the highest young population in the world. According to analysts who spoke with CNBC, the price point of the so-called LGDs has drawn in…
Following seven ingesting deaths caused by the loose, dangerous magnets in Chinese supplier Doraemon’s magnetic ball sets, the U.S. consumer protection organisation issued a warning on Thursday to stop using the products right once. The federal toy regulatory criteria were not met by one or more of the magnets in the Doraemon Dovfun Suit Magnetic…
FedEx’s shares sank 9.8% on Tuesday after the company lowered its full-year revenue prediction and revealed a quarterly profit that significantly missed analysts’ expectations. The company’s largest Express operation suffered a decline in demand from the U.S. Postal Service. The shares of the international delivery company closed at $280 on Tuesday, but in extended trading…
According to industry insiders on Tuesday, Airbus is expected to smash aerospace order records in 2023 following a buying frenzy by European airlines and a strong month of deliveries thus far. As airlines bet on a shortage of aircraft, orders for a combined total of over 200 jets from easyJet and Lufthansa on Tuesday were…
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