DraftKings Inc (NASDAQ: DKNG) is inching up this morning after recording a surprise profit for its fiscal fourth quarter as revenue jumped 13% on a year-over-year basis.But the company’s chief executive, Jason Robins, continues to see further growth ahead in the wake of several tailwinds going into 2025.He raised the…
During his US visit, Indian Prime Minister Narendra Modi met with SpaceX and Tesla CEO Elon Musk to explore expanding technological collaboration between India and the United States. :Prime Minister and Mr. Musk discussed strengthening collaboration between Indian and US entities in innovation, space exploration, artificial intelligence, and sustainable development,”…
Baidu, China’s largest internet search company, announced that it will offer its AI chatbot Ernie Bot for free starting April 1, as competition in the AI sector heats up. The AI service will be accessible at no cost to all users on both desktop and mobile platforms, Baidu said in…
The US economy faced a dual setback in January, with both retail sales and manufacturing output recording declines. Retail sales posted their largest drop in nearly two years, while manufacturing production unexpectedly contracted, largely due to a sharp decline in motor vehicle output. Retail sales fall amid freezing temperatures and…
Wall Street closed mixed on Friday as investors took a breather after a strong week, digesting developments in global trade policy and inflation data. While the Dow Jones Industrial Average dipped slightly, the S&P 500 and Nasdaq Composite eked out gains, reflecting continued optimism amid economic uncertainty. Market sentiment remained…
AppLovin stock price has gone parabolic since 2023, making it one of the best-performing companies in Wall Street. APP shares surged to $520 this week, a remarkable surge considering that it was trading at $9.75 in 2023. This surge has brought its market cap to over $150 billion. This article…
The United Kingdom has announced a significant realignment of its artificial intelligence strategy, marked by a partnership with US-based AI firm Anthropic and a revised mission for its AI safety institute. The shift signals a clear prioritization of national security concerns over broader societal risks associated with AI.Less than two…
As Donald Trump starts his second term, his administration’s robust approach to Latin America raises concerns about the economic impact of his latest policies.His new policies, which includes trade tariffs and efforts to regain geopolitical dominance, may have negative effects on the US and its southern neighbours.According to Alejandro Grisanti,…
Thousands of US federal employees are facing job cuts as President Donald Trump and his top adviser, Elon Musk, push forward with a sweeping downsizing of the government. The latest round of layoffs is expected to continue on Friday, intensifying concerns among public sector workers.According to a Reuters report, several…
During his US visit, Indian Prime Minister Narendra Modi met with SpaceX and Tesla CEO Elon Musk to explore expanding technological collaboration between India and the United States. :Prime Minister and Mr. Musk discussed strengthening collaboration between Indian and US entities in innovation, space exploration, artificial intelligence, and sustainable development,”…