Amazon has reportedly put an end to the development of its ‘Just Walk Out’ technology, according to a source familiar with the matter. The technology, which allows customers to grab items off shelves and leave without going through a traditional checkout process, was being tested in Amazon Fresh grocery stores.
According to recent reports, the Edmunds’ $69,000 Fisker Ocean has depreciated a staggering 69 percent in just two months since its release. This significant drop in value has left many consumers baffled and concerned about the long-term reliability and resale value of the electric SUV.
Nio, the Chinese electric vehicle manufacturer, has recently announced a significant cut in its delivery estimates for the fourth quarter of 2021. The company now expects to deliver only 23,500 vehicles, down from its previous estimate of 25,000 to 26,000. This news has sent shockwaves through the market, causing Nio’s stock price to plummet by 5% in after-hours trading.
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has been making headlines recently for holding a staggering $168 billion in cash. This substantial cash pile has left many wondering what Buffett has up his sleeve, and whether he is getting ready to make a big move in the markets.
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is sitting on a staggering $168 billion in cash. This huge pile of cash has raised questions among investors about why Buffett is holding onto such a significant amount of money.
Price Reduction
The Swedish furniture giant will be reducing the prices of various items, including furniture, home accessories, and kitchenware. This will come as welcome news to many customers who have been eager to upgrade their homes without breaking the bank.
American Airlines recently announced a significant change to their policy that has left many customers fuming. Starting next month, the airline will no longer allow passengers to bring carry-on luggage on board without an additional fee.
The S&P 500 index, a widely followed benchmark for the performance of U.S. stocks, has just achieved a historic milestone. For the first time in its history, every single stock within the index has closed above its own 200-day moving average. This indicates a broad-based uptrend in the market and suggests that investors are feeling confident about the outlook for stocks.
Rising Interest
The AI industry has been experiencing a surge in interest and growth in recent years, with businesses across various sectors recognizing the potential of AI technologies to revolutionize their operations. Nvidia’s decision to acquire this particular AI stock signals their belief in the potential of this company to make a significant impact in the AI space.
JPMorgan, one of the largest investment banks in the world, has made a surprising move in the crypto space following the recent price rally of major cryptocurrencies like Bitcoin, Ethereum, and XRP. The bank announced that it is now offering its wealth management clients access to cryptocurrency funds.
