Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates
[Investing]
2024/08/23 09:07
Fed chief more confident inflation on sustainable path to 2%. Says Fed doesn’t seek, welcome further cooling in labor market.Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The time ha...
Apple Pushes Ahead With Tabletop Robot in Search of New Revenue
[Business]
2024/08/23 09:07
Executive who oversaw car project is leading the effort. Device would offer twist on home products from Amazon and Meta.Apple Inc., seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb.The company now has a team of several hundred people working on the device, which uses a thin robotic arm to m...
Luxury Brands’ Japan Dilemma : Boom or Bust ?
[Business]
2024/08/23 09:05
The yen’s depreciation has spurred a surge in tourist spending in Japan but also poses challenges for luxury brands in maintaining consistent pricing and profitability. Japan was a rare bright spot for the global luxury industry this year, but can its momentum last if the yen strengthens.Key TakeawaysJapan's luxury market has seen a significant boost from tourist spending, with 2023 figures re...
TriMax Pro: Triple-Screen Laptop To Boost Your Productivity
[Product]
2024/08/23 09:04
More often than not, single-screen laptops often limit our workspace and our ability to multitask. Yet, utilizing external multi-screen setups can create messy cables and complicated setup. Trimax Pro is a triple-screen laptop that aims to boost your productivity, no extra cables or monitors needed, it keeps your workspace clean and helps you to stay focused.It’s an innovative laptop designed...
Proposed Urban Swimming Pool in Lisbon Brings River Closer to The City
[Design]
2024/08/23 09:03
Lisbon is one such city although the nearby River Tagus is not immediately accessible to the city center. A couple of architectural firms have teamed up to propose an urban swimming pool to connect both residents and tourists to the river directly without having to travel or at least spend hours stuck in traffic jams. The Loop Pool Tejo is inspired by the movement of the water and wants to make...
(PDF) Accenture - Elevate Your Business with a Platform Strategy
[Business]
2024/08/22 09:10
Businesses don’t need to be born online to realize the value in a platform strategy.Platform adopters exhibit higher levels of resilience, have a more detailed view on how to create value, and are more likely to form new partnerships.A platform strategy changes the game when executives use it to imagine how they can reinvent every aspect of their business.The moment of (re)discoveryWhen we dec...
Zoe, an At-Home Nutrition Testing Startup, Lands $15M
[Investing]
2024/08/22 09:09
The latest round brings Zoe’s total funding to $118 million for the platform’s comprehensive approach that combines nutrition guidance with stool sample, blood test and blood sugar data.Zoe, a startup that combines at-home testing with informed nutrition guidance, has raised $15 million from New York-based Coefficient Capital as part of an extended Series B round, bringing its total funding t...
So You Invested in Berkshire Hathaway : What Did You Buy ?
[Investing]
2024/08/22 09:08
Berkshire Hathaway’s Assets: Railroads. Energy. Insurance. $277 billion in cash. $300 billion in stocks. Patience.With roots that can be traced all the way back to 1839 — when it was a textile manufacturer in Rhode Island — the $900+ billion behemoth that is Berkshire Hathaway today bears little resemblance to its origins.Now, in the heart of Omaha, Nebraska, America’s largest non-technolog...
Flying Cars Face Multibillion Dollar Moment
[Business]
2024/08/22 09:07
Boeing faces upstarts like EHang and Joby as air travel enters a new era of uncrewed flight.The bleak, blustery skies above Guangzhou are whipping the cramped two-seater aircraft with rain. One hundred feet above the ground, the plane’s 16 small electric rotors thrash alarmingly against the wind. Waiting below are murky waterways and hard-edged industrial sprawl.Inside the tiny plane, there’s...