Low-Priced iPhone SE Upgraded With 5G While Faster Chip Added To High-End Mac Studio Computer

Apple Inc. added 5G connection to the lower-priced iPhone SE and iPad Air as well as a speedier CPU for a new desktop, marking a turning point in the company’s push to power its gadgets with microprocessors created in-house. With the new M1 Ultra CPU, the starting price of the new Studio desktop is at $3,999.  Apple’s M1…

Leading Global Luxury Brands Temporarily Shuts Business In Russia

The world’s most prestigious luxury companies have announced that they would temporarily suspend storefronts and halt commercial activities in Russia. Hermes, the creator of the Birkin bag, and Richemont, the owner of Cartier, were the first to make similar announcements, followed by LVMH, Kering, and Chanel. Since Russia’s invasion of Ukraine, which caused the United States,…

Cohen, Who Has A Stake In Gamestop, Is Pushing For Improvements At Bed Bath & Beyond

Ryan Cohen, a billionaire investor, announced on Sunday that he now owns roughly 10 per cent of Bed Bath & Beyond and wants the housewares store to explore strategic options, including a full sale. Cohen, who co-founded online pet supplies store Chewy and is chairman of the board of gaming retailer GameStop Corp, blasted Bed…

‘Birdwatch,’ A Crowdsourced Fact-Checking Project On Twitter, Has Been Expanded

Twitter Inc said in a blog post on Thursday that it is extending its crowdsourced fact-checking initiative by making observations on potentially false tweets available to more individuals on Twitter. Last year, the social networking site started the Birdwatch project as an innovative experiment in which users were invited to detect deceptive tweets and submit…

Citigroup Concerned About Its Business Future In Ukraine Business, Says CEO

Citigroup’s activities in Ukraine are uncertain for the time being, and the company is apprehensive about a cyber assault by Russia, according to Chief Executive Jane Fraser in an interview with CNBC. According to Fraser, the bank has assisted some of its 200 employees in Ukraine in leaving the country following Russia’s incursion. Those who…

Kroger Optimistic Of 2022 Business Due To Strong Grocery Demand And Online Deliveries

On Thursday, Kroger Co raised its yearly same-store sales and profit forecasts, citing strong demand for its pick-up and delivery services as well as continued home-cooking trends as reasons. In premarket trade, shares of the Ohio-based supermarket climbed almost 6% after the company’s quarterly earnings above expectations. Despite the reopening of restaurants and bars, Americans…

Rivian Hike Prices For Its Evs By 20% Causing Consumer Ire And Taunt From Elon Musk

The United States based electric car startup Rivian Automotive Inc announced that it had raised the selling pricing of its vehicles by around 20 per cent owing to inflationary pressures and higher component costs, angering some consumers. Rivian’s “negative gross margin will be staggering” and it is “near impossible” for other companies to make affordable…

Toyota Has Halted All Plant Activities In Japan Following A Suspected Cyber Assault

Japan’s Toyota Motor Corp  said that it will cease Japan plant operations, resulting in a loss of around 13,000 vehicles of output, after a supplier of plastic parts and electrical components was targeted by a suspected cyber assault. There was no early word on who was behind the suspected attack or the purpose. The bombing came…

Despite Market Turbulence, GSK Reiterates Its Intention To Float Its Consumer Division In July

GSK confirmed its plans to offer its consumer healthcare company on the public market in July on Monday, despite market worries and after rejecting overtures from Unilever. GSK said in a statement that the new company, Haleon, which is the world’s largest consumer health business, will pay an initial dividend at the lower end of…