Warren Buffett, renowned for his conservative approach and oft-lauded investment philosophy, surprisingly clung to a flip phone until 2020, despite Berkshire Hathaway’s substantial stake in Apple, the producer of iPhones. With Berkshire holding about 6% of Apple’s shares by the end of 2023, valued at a staggering $174 billion, Apple has become one of Berkshire’s… Continue reading Apple remains Buffett’s biggest public stock holding, but his thesis about its moat faces questions

Liberty Defense Holdings Ltd. has shipped Hexwave systems to a major airport in Canada for various screening applications. Unlike weapon detection technology, Hexwave uses millimetre wave, advanced 3-D imaging and AI (artificial intelligence) to detect all types of concealed metallic and non-metallic threats, and other prohibited items — without the passenger having to divest common… Continue reading LIBERTY DEFENSE SHIPS HEXWAVE’S TO MAJOR CANADIAN AIRPORT TO PROVIDE ENHANCED SCREENING

The article delves into the high-pressure environment faced by artificial intelligence (AI) engineers at major tech companies like Amazon, Google, and Microsoft. These engineers are often tasked with rapidly developing AI features and products, only to see them deprioritized or shelved at the last minute. The pressure to keep up with competitors in the rapidly… Continue reading AI engineers report burnout and rushed rollouts as ‘rat race’ to stay competitive hits tech industry

Apple shares surged more than 6% on Friday following the company’s announcement of better-than-expected second-quarter earnings and the initiation of the largest-ever stock buyback program in U.S. history. The tech giant revealed plans to repurchase $110 billion of its shares, surpassing its previous buyback efforts. Despite an overall 4% decline in sales and a 10%… Continue reading Apple on pace for best day since 2022 after earnings beat, $110 billion stock buyback

Universal Music Group (UMG), home to music icons like Taylor Swift and Drake, has resolved its dispute with TikTok, culminating in a new licensing agreement. The deal signals the return of UMG artists’ music to the popular social media platform TikTok, ending a contentious period during which songs by notable artists were removed due to… Continue reading Taylor Swift and Drake’s label UMG strikes new licensing deal with TikTok to end spat

Apple reported its earnings for the second fiscal quarter after the markets closed, maintaining investor expectations low despite concerns about potential weak sales growth. In February, the company forecasted sales similar to the previous year’s $94.84 billion, along with flat iPhone sales. Analysts anticipated earnings per share of $1.50 and revenue of $90.04 billion, with… Continue reading Apple’s China momentum in focus ahead of earnings after the bell

Bitcoin experienced a notable decline, hitting its lowest level in over two months at $56,526.00, marking a 7% drop from its recent high. This decline, down about 10% for the week, reflects a broader trend of risk aversion in the market, exacerbated by uncertainties surrounding the Federal Reserve’s impending interest rate decision. As investors await… Continue reading Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision

Amazon exceeded expectations in both earnings per share and revenue for the first quarter, propelled by significant growth in advertising and cloud computing. The company’s earnings per share stood at 98 cents, surpassing the 83 cents expected by LSEG, while revenue amounted to $143.3 billion, slightly higher than the anticipated $142.5 billion. Operating income soared… Continue reading Amazon profit more than triples, topping Wall Street expectations

Amazon is intensifying its efforts to deliver packages even faster to customers, emphasizing this metric amidst heightened competition in online shopping. The e-commerce giant announced that nearly 60% of orders made through its Prime service in the top 60 U.S. metro areas during the first quarter were delivered the same day or next day, a… Continue reading Amazon says more packages are arriving in a day or less after hefty investment in speedy fulfillment

Tesla’s shares surged over 12% on Monday following news that the electric carmaker achieved a significant milestone in bringing its Full Self-Driving (FSD) technology to China. This surge came as a response to Tesla CEO Elon Musk’s visit to China, where it was announced that local authorities had lifted restrictions on Tesla cars after meeting… Continue reading Tesla jumps 12% after passing key hurdle to roll out full self-driving in China

Alphabet made waves in the market as its shares surged by 10% following the release of its first-quarter results, which exceeded expectations and marked the company’s debut dividend announcement alongside a $70 billion stock repurchase plan. Revenues reached $80.54 billion, exhibiting a robust 15% surge compared to the previous year, outstripping analysts’ forecasts of $78.59… Continue reading Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback

VIP Entertainment Technologies Inc. (TSXV:VIP) , ( OTC:VETIF)  (“VIP ” or the “Company ”), a leading player in the iGaming industry, is proud to announce the signing of a second white label contract with a prominent First Nations band in Alberta. This partnership marks a significant step forward in the Company’s commitment to providing top-notch… Continue reading VIP Entertainment Technologies Inc. Secures Second White Label Contract with First Nations Band in Alberta