New Rule Makes Renting an Airbnb in New York City More Difficult
A significant change has taken place in New York City that will make it much more difficult to rent an Airbnb. Effective September 5, a new ordinance called Local Law…
Apple Faces Emerging Threat in China
Analyst Wamsi Mohan from BofA Securities has raised concerns about Huawei's potential impact on Apple's presence in the Chinese market. While Apple has enjoyed smartphone market share growth in China…
Hochschild Mining Lowers Full-Year Production View
Hochschild Mining, a precious-metals mining company, has revised its full-year production outlook following a swing to a pretax loss in the first half of the year. The company reported a…
Belgium’s Gross Borrowing Requirement for 2023 Reduced
The Belgian Debt Agency has announced that the country's gross borrowing requirement for 2023 has been lowered. In a recent funding review, it was revealed that the borrowing requirement has…
Arm Holdings’ Blockbuster IPO: Testing Market Appetite for Technology Company
British chip designer Arm Holdings is preparing for its highly anticipated initial public offering (IPO) on the Nasdaq. With a targeted valuation ranging between $50 billion and $55 billion, Arm…
HP Revenue Declines in Latest Quarter
HP, the computer and printer maker, reported a decline in revenue for the latest quarter due to weak spending from both consumer and commercial customers. The company's earnings for the…
Ganfeng Lithium Reports Decrease in Net Profit for First Half of Year
Ganfeng Lithium, one of the world's leading lithium producers, experienced a 19% decline in net profit during the first half of the year. The company's operating costs outweighed its revenue…
Salesforce CEO Raises Concerns About Homelessness and Drug Problem in San Francisco
Salesforce Inc.'s co-founder and Chief Executive, Marc Benioff, has raised concerns about the impact of San Francisco's homelessness and open drug use on the company's upcoming Dreamforce conference. Benioff warned…
TheWorks.co.uk Trims Dividend Payout
TheWorks.co.uk, a U.K. retailer, announced a reduction in its dividend payout following a decline in pretax profit for fiscal 2023. The company attributed this decrease to rising sales costs amidst…
Bitcoin’s Rally and Bearish Outlook
Bitcoin and other cryptocurrencies experienced a significant rally recently after a pro-crypto court ruling. However, analysts are warning of a bearish outlook for digital asset prices, as they continue to…
U.S. Stock Indexes Begin on Positive Note Amid Slowing Job Creation
U.S. stock indexes have started the day on a positive note as the latest employment data reveals a slower-than-expected growth in job creation for August. This indicates that the previously…
Diane Sawyer’s Magnificent Martha’s Vineyard Estate
Veteran news anchor Diane Sawyer has made the difficult decision to part ways with her cherished Martha's Vineyard home, known as Chip Chop. This stunning estate, situated in Vineyard Haven,…