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The “Magnificent Seven”—Apple, Amazon, Tesla, Microsoft, Meta, Nvidia, and Alphabet—are stocks known for their skyrocketing climb in 2023, leaving the rest of the S&P 500 in the dust. But now, Tesla’s in the red after falling 25% in the last four weeks.
What if text prompts enabled anyone to make a blockbuster movie, or even an entire box-set’s worth of TV? That is the promise of AI. This technology could one day prove as transformative to the movie business as sound, colour, or even the camera itself.
The job market looks solid on paper. In 2023, unemployment hit a 54-year-low at 3.4% in January, according to the U.S. Department of Commerce. Bureau of Labor Statistics reported that U.S. employers added 2.7 million people to the payroll the same year.
Auto repair costs have been rising for years, but recently they've spiked. Experts say it's likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages.
Apple’s Vision Pro mixed-reality headset puts digital information in your real world. But how does it fit into your daily life with activities like working, watching Apple TV, cooking and FaceTiming?
Apple’s iPhone was first announced by Steve Jobs in January 2007. Today, research shows that the company has over 1.5 billion active users and controls 53 percent of the market share in the United States.
Apple’s iOS 17 iPhone update came with a bunch of new features that could change how you use your iPhone, AirPods and more. From collaborative playlists in Apple Music to FaceTime TV, WSJ’s Dalvin Brown explores ten exciting features from recent update
It’s really hard to kill cockroaches. Much like cryptocurrency—an industry which, despite some recent setbacks, seems able to bounce back when you least expect it
Following a midair emergency where a door plug fell from a Boeing 737 Max 9, the FAA has grounded some of the fleet. United Airlines and Alaska Airlines are reporting “loose bolts” in some of their aircrafts.
Amazon is piloting a program to allow car dealers to sell Hyundai vehicles through the tech giant's website. The plan is to ultimately offer Amazon customers the same experience they have when buying just about everything else sold on its website.
Venice, Italy, is sinking. The city spent about $6 billion on MOSE – a mobile floodgate system that rises to separate the Venetian lagoon from the Adriatic Sea, blocking high tides from inundating the city. But that might not be enough.
One inescapable aspect of modern life is that humans are constantly creating data. So as enterprise data booms, IBM Storage Flashsystem is empowering businesses by scaling them efficiently, by rethinking the way storage operates entirely.
Private credit has quickly become one of Wall Street's most popular investment classes in 2023. Alternative data platform Preqin projects this asset class will reach $2.7 trillion by 2027.
The Red Sea is one of the most important shipping waterways in the world, but the Israel-Hamas War has helped it also become one of the most dangerous.
Apple’s iOS 17 iPhone update came with a bunch of new features that could change how you use your iPhone, AirPods and more.
Economists believe the USA could lose its ranking as the world's leading economy in the 21st century, as measured by gross domestic product. But the USA is set to extend its run through the 2020s, on the back of slower-than-expected growth trends in China
KFC, with 29,000 stores and 800,000 employees globally, is one of the world’s most extensive fast-food chains, opening a new location every three and a half hours.
A new wave of artificial intelligence is starting to transform the way the entertainment industry operates. Who will be the winners and losers?
More than half of Americans earning more than $100,000 a year say they’re living paycheck to paycheck, according to a report from PYMNTS and LendingClub.
Artificial intelligence is playing an ever-increasing role in our lives. But will this prove to be a blessing for humanity, or have we created a monster?
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
What matters to Today’s Consumer: 2024 consumer behavior tracker for the consumer and retail industries
This report is the third in our annual research series that examines evolving consumer behaviors. This year, we find that many of the behaviors we noted in our 2023 report have persisted, with consumers continuing to express concern about their personal financial situations amid rising inflation. However, this concern has dropped significantly in the past twelve months as just 43% of consumers worry their personal finances will worsen over the next 6–9 months, compared with 80% who were concerned that they would worsen in the equivalent period last year. - From Cap Gemini Read more
52% of consumers are extremely concerned about their personal finances compared to 61% last year. 43% of consumers fear their personal finances will worsen in the next 6-9 months, far below the 80% last year. One in five consumers has already used generative AI in shopping. - From Cap Gemini
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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