Xreal, an Alibaba-backed startup, has introduced the Beam Pro device, revolutionizing the augmented reality (AR) experience for users. The Beam Pro serves as a bridge between AR glasses and Google Play Store apps, offering a virtual mouse-like functionality that opens up a world of possibilities for gaming, movie streaming, and social media interactions. With the
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The recent announcement of the FDA approval of Merck’s new vaccine, Capvaxive, to protect adults from pneumococcus bacteria is a significant advancement in the field of healthcare. This vaccine is specifically designed to prevent a severe form of pneumococcal disease that can lead to pneumonia, meningitis, and bacteremia. While the importance of protecting adults, especially
Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
Disney and Pixar just had a major win at the box office with the debut of “Inside Out 2,” raking in an impressive $155 million domestically. This marks the second-highest theatrical opening for an animated film, proving that the magic of these two studios is far from fading. Despite challenges faced during the pandemic, this
Investors are always on the lookout for opportunities to protect their portfolios from market volatility and enhance returns. One way to achieve this is by investing in dividend-paying stocks. These stocks not only offer a regular income stream through dividends but also have the potential for long-term growth. One of the top dividend picks recommended
In recent years, the fintech industry has undergone a significant transformation, with many industry insiders and investors suggesting that the sector has hit a “bottom.” Valuations have corrected from unsustainable highs seen during the industry’s peak in 2020 and 2021. This shift has led to a more rational market environment, moving away from the days
Broadcom recently released its earnings for the second fiscal quarter, surpassing analysts’ estimates. Moreover, the company announced a 10-for-1 stock split set to commence trading on a split-adjusted basis on July 15. This news caused the stock to surge by approximately 10% in after-hours trading. The quarter that ended in May showcased Broadcom’s financial strength.
The Federal Reserve made a key decision to keep its interest rate unchanged and indicated that only one cut is expected before the end of the year. This came as a surprise to the markets, as there was hope for a more accommodative stance from the central bank. The Federal Open Market Committee decided to
In the past week, mortgage rates experienced significant fluctuations due to economic data releases and overall market conditions. The Mortgage Bankers Association reported a surge of nearly 16% in total mortgage applications, driven by a decrease in rates for 30-year fixed-rate mortgages. However, this trend was short-lived as rates bounced back up following a stronger-than-expected
The looming expiration of trillions in tax breaks enacted by former President Donald Trump through the Tax Cuts and Jobs Act of 2017 has sparked a debate among presumptive nominees President Joe Biden and Donald Trump. Both candidates have pledged to extend these tax breaks for most Americans, but the question remains on how to