The Dow had already plunged more than 700 points earlier in the session. Stocks tumbled Thursday, with the Dow Jones Industrial Average closing nearly 500 points lower after fresh data stoked concerns of a potential recession.
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Twyne: Bridging the Gap Between Online and Real-Life Connections
While platforms like Meta, YouTube, and TikTok offer entertainment and connectivity, they often fall short of fostering genuine, local relationships. Long-distance connections and scheduling conflicts can make it challenging to establish and maintain friendships. People want real-life interactions with others nearby, but the logistics of meeting new people often feel overwhelming. Enter Twyne, a platform designed to bridge the gap between online interactions and real-life connections.
Enginuity Power Systems: Pioneering Ultra-High-Efficiency Energy Solutions for a Sustainable Future
Enginuity Power Systems is an energy solutions company based in Alexandria, VA. Specializing in ultra-high-efficiency energy systems, the company offers products for residential, commercial, industrial, and government applications. Key features of its E-Series systems include a lightweight design, multi-fuel capability, scalability, and quiet operation.
Intel Will Lay Off Over 15,000 Workers After Posting a $1.6bn Loss in Revenue
The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
Ekyam Transforms Retail Technology Integration with a Solution to Unified Commerce
Many retailers struggle with accurately tracking their inventory, with less than 31% knowing the true status of their stock. This is often due to communication breakdowns and discrepancies between various systems, including e-commerce storefronts, marketplaces, POS, OMS, WMS, and ERP. As a result, this can lead to lost revenue and low conversion rates. Fortunately, Ekyam offers an AI-integrated solution that improves communication and data flow across all platforms while optimizing revenue growth.
Latest News
Apple's revenue was boosted by sales of Macs and iPads, which offset the weak demand for iPhones.
Ex-CNN anchor Don Lemon filed a lawsuit against Elon Musk and X, alleging breach of contract and reputational damage after the platform canceled their partnership despite prior agreements and promises.
Senate Democrats are pushing for a vote on a $79 billion tax cut package, which includes an expanded child tax credit benefiting 16 million families, but face Republican resistance and procedural hurdles.
Qihoo 360 claims its recent U.S. sanctions are due to its discovery of CIA and NSA spying on China and its role in strengthening Chinese cybersecurity.
Nvidia faces calls from U.S. progressive groups and Senator Elizabeth Warren for a DOJ investigation into its potential anticompetitive practices amid its dominant position in the AI chip market.
Roblox raised its annual bookings forecast, crediting increased user engagement and mature content for attracting older, higher-spending players.
The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.
Shares of the big tech company Meta jumped by about 7% in extended trading on July 31 after exceeding Wall Street expectations on revenue and profit for the second quarter of 2024.
Tesla's latest recall is the biggest since December, when it recalled 2.03 million vehicles to install safeguards in its Autopilot features.
