The former CEO of British chip design firm Arm, Warren East, recently gave a keynote speech at Cambridge Tech Week criticizing the U.K.’s lackluster performance in commercializing technology businesses globally. According to East, there needs to be a mindset shift in the investor community in order for the U.K. to succeed on the world stage.
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As the National Football League (NFL) season kicks off, automakers are diving back into advertising during football games after a lull in recent years. Companies like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are gearing up to utilize the NFL as a primary advertising platform in the upcoming months. Toyota, in particular,
With the return of football, it is no surprise that the American Gaming Association projects a record-breaking $35 billion worth of bets to be placed this NFL season. This represents a significant increase of over 30% compared to last year’s figures. Despite the growth in sports betting, the performance of gambling company stocks hasn’t mirrored
Sports team owners are currently experiencing not only the financial benefits of the soaring values of their teams but also the pressure that comes from two significant factors in American wealth – death and taxes. As the average age of team owners increases and team values reach into the billions, owners and leagues are now
China has taken a significant step in the gaming industry with its first top-tier video game, Black Myth: Wukong. This action-packed game set in mythological China has captured the attention of gamers worldwide and has broken several world records. In just three days after its launch on Aug. 20, Black Myth: Wukong sold over 10
The restaurant industry has experienced a significant surge in bankruptcy filings in 2024, which is in line with the broader trend of rising corporate bankruptcies across various sectors. Notably, at least 10 restaurant chains have filed for bankruptcy this year, excluding multi-unit franchisees. August alone saw three Chapter 11 filings from prominent eateries. The uptick
The landscape of cannabis consumption has undergone a significant transformation, with legal avenues for cannabis consumption now infiltrating the luxury market on Fifth Avenue in New York City. The legalization of adult-use marijuana in New York State has paved the way for licensed dispensaries to flourish, with sales exceeding $100 million last year. Shoppers can
The toy industry experienced a notable sales decline due to inflation in the first half of 2024. However, amid this challenging environment, Lego managed to buck the trend by reporting a substantial revenue increase. The Danish toymaker’s revenue skyrocketed by 13% in the first six months of the year, reaching an impressive 31 billion Danish
Xpeng, the Chinese electric car company, created waves in the industry with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced at a mere $16,812, has captured the attention of consumers, especially in comparison to Tesla’s cheapest Model 3. The overwhelming response to the Mona M03 was evident as orders
Cava, a popular Mediterranean restaurant chain, recently announced its full-year outlook after reporting strong traffic in its restaurants. This positive performance led to better-than-expected quarterly earnings and revenue. As a result, the company’s shares rose by 7% in extended trading. The stock has more than doubled in value this year, reaching a market cap of