Three months on since the Vision Pro mixed reality headset went on sale and Apple’s first new hardware device in years may already be running into headwinds. Ming-Chi Kuo, an Apple analyst with connections into its Asian supply chain, wrote on Tuesday that his channel checks with component manufacturers reveal that the tech giant is grealty tempering its expectations and now expects to sell between 400,000 and 450,000 units this year. “Demand in the U.S. market has fallen sharply beyond expectations,” he posted to Medium, adding the market consensus had been between 700,000 and 800,000. Since Apple doesn’t publish a forecast for Vision…
Author: insighter
Deutsche Bank shares popped to a more than six-year high on Thursday afternoon, after the German lender reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. After declining in the morning, shares were up 7.2% at 1:27 pm in London, hitting the highest intraday level since December 2017, according to LSEG data. Net profit attributable to shareholders was 1.275 billion euros ($1.365 billion) for the period, ahead of an aggregate analyst forecast of 1.23 billion euros for the period, according to LSEG data. Deutsche Bank said this was its highest first-quarter…
Sometimes, climbing out of a money rut starts with a pep talk — to yourself. “I like affirmations and speaking out loud,” says Giovanna Gonzalez, a financial educator and author of “Cultura & Cash.” Her favorite affirmations are statements like, “I am not a reflection of my money mistakes,” “I can improve my financial situation,” and “My finances are within my control.” If you find yourself repeating frustrating money patterns, such as overspending or struggling to pay off debt, that kind of attitude shift can help get you on a different path, Gonzalez says. “Mindset is so important, and sometimes…
DoNotPay is paying investors. The company offers a paid subscription for AI and other software tools to help consumers negotiate their cable bills, contest parking tickets, and otherwise minimize their bills and maximize privacy. It’s now profitable, with more than 200,000 subscribers, says CEO and founder Joshua Browder, and it recently paid its first dividend totaling more than $1 million to shareholders including investors and employees. “We really think it’s a new kind of operating model for startups,” he says, pointing to Meta’s recent announcement of its first dividend. “Employees and investors are really tired of money-losing companies, and we…
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth of 8% to 9% and said revenue would be down as much as 3.5%. Shares of Southwest fell roughly 10% in premarket trading. The airline said in a quarterly filing…
Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000? Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of fashion, with timeless lines trumping brand-blaring outfits. Now, stealth wealth is spilling into the travel industry, as one-percenters are increasingly forgoing glitzy see-and-be-seen destinations, such as Capri, for more discreet getaways. Less limelight, more connection Jaclyn Sienna India, the founder of the ultra-luxury travel company…
WiserAdvisor offers a helping hand in narrowing down your financial advisor choices. It’s difficult to find a financial advisor you can trust. WiserAdvisor vets all their advisors and will match you with an advisor that meets your criteria in just a matter of minutes. We explore what WiserAdvisor does and how the platform works to help you decide if it’s a useful tool for your situation. WiserAdvisor connects individuals with pre-screened financial advisors. It’s free to use the tool. But the advisor you find will charge fees for their services. Every professional on the platform has a clean record…
AstraZeneca Plc shares surged after the UK drugmaker reported profit that outpaced expectations, buoyed by demand for its cancer blockbusters Imfinzi and Tagrisso as well as newcomer Enhertu. Earnings per share excluding some items rose 7% to $2.06 in the first quarter, the UK drugmaker said Thursday. Analysts surveyed by Bloomberg expected $1.89 on average. Astra has been on a deal spree, agreeing to buy Fusion Pharmaceuticals Inc. and Amolyt Pharma in March to beef up the flow of drugs it aims to bring to market. The shares rose as much as 6.5% in early London trading, the most in…
A new book from the world’s most admired design firm tackles the big question of how built spaces can address the world’s most critical problems–and in so doing, offers a key lesson for entrepreneurs.
Miners carrying out operations. Graeme Williams | Gallo Images Roots Rf Collection | Getty Images Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion). Anglo American shares leapt at the market open and were 13% higher at 8:35 a.m. in London. The company confirmed it had received an “unsolicited, non-binding and highly conditional combination proposal,” which it said it was reviewing with advisers. Australia-based BHP, the biggest listed miner according to Companies Market Cap, said that the deal would deliver 0.7097 BHP shares…
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Synthesia Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user’s text inputs. The company said its “Expressive Avatars” can blur the lines between the virtual world and real characters. It aims to eliminate cameras, microphones, actors, lengthy edits and other costs from the professional video production process. Synthesia has a studio in London, where actors read scripts in front of a green screen to train the…
Home warranties help pay for repairs to certain appliances and systems such as air conditioners. They usually come with monthly premiums and service fees, but home warranties never guarantee coverage, which means you could still end up paying out of pocket for repairs. However, some homeowners might find a home warranty helpful, especially if they’re worried about paying for anticipated repairs. When a home warranty makes sense You think your systems or appliances might stop working If you think your appliances, air conditioning or heating system might break down in the next year, a home warranty might be worth considering…