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Tag: Financial

Spotify sees record operating income and adds 5 million new premium users

Spotify adds 5M new premium users and hits record income as AI playlists and podcasts drive continued growth.

Tesla profits drop sharply as sales weaken and Musk backlash grows

Tesla’s profits fall 71% as sales dip, political backlash grows, and hopes turn to cheaper EVs and robotaxi plans.

Intel prepares for major layoffs ahead of Q1 earnings

Intel plans to cut over 21,000 jobs this week, aiming to rebuild its focus and engineering culture under new CEO Lip-Bu Tan.

GenAI investment could unlock ‘co-working’ future in financial services, says Moody’s

Moody’s sees GenAI transforming finance with AI co-workers, helping firms grow, automate decisions, and lower access barriers.

Shoppers rush to Apple Stores as price fears grow

US iPhone buyers rush to stores as tariffs rise; Apple flies in stock to avoid price hikes, while Singapore braces for possible increases.

Airwallex reports strong revenue growth in Singapore and reveals SME trends for 2025

Airwallex reports 153% revenue growth in Singapore for 2024 and unveils SME trends shaping business outlook in 2025.

Qualcomm expands AI research with MovianAI acquisition

Qualcomm has acquired Vietnamese AI research firm MovianAI to boost its AI development in smartphones, PCs, and software-defined vehicles.

Huawei reports 38% revenue surge as smartphone sales soar

Despite US sanctions, Huawei’s consumer business revenue surged 38% in 2024, driven by strong smartphone sales and home-grown chip production.

Elon Musk’s xAI acquires X for US$33 billion in an all-stock deal

Elon Musk’s xAI acquires X in a US$33 billion all-stock deal, merging AI with social media for smarter user experiences.

Xiaomi surpasses CNY100 billion in Q4 2024 revenue, but EVs aren’t the main driver

Xiaomi reports record-breaking Q4 2024 revenue, surpassing CNY100 billion. Smartphones remain its biggest earner, while EVs boost brand image.

Joby and Virgin Atlantic to launch air taxi service in the UK

Joby and Virgin Atlantic are set to launch an electric air taxi service in the UK, promising faster and eco-friendly travel. Learn more about the plans.

Trump proposes US crypto reserve, raising concerns over economic impact

Trump proposes a US Crypto Reserve, raising concerns about its impact on the economy and the dollar. Could this move benefit crypto donors over taxpayers?