Broadcom, a major supplier to Apple, exceeded revenue expectations driven by strong infrastructure solutions, particularly fueled by the acquisition of VMware. The company also highlighted its significant role in the AI infrastructure, supplying custom chips for Google’s TPU and Apple’s AI training initiatives. However, semiconductor solutions fell short of estimates, signaling a potential shift in the AI chip landscape.
Goldman Sachs CEO David Solomon has warned that trading revenue will decline by 10% in the third quarter due to weak market conditions. However, he is optimistic about investment banking, predicting a recovery in private equity-led deals by the end of 2024. The bank is also narrowing its focus on the consumer business, exiting certain retail sectors.
Air Canada has appointed Firas Al Osman as its first Chief Digital Officer, signifying a commitment to enhancing the customer experience and driving digital innovation across all aspects of the airline’s operations.
Assuria, Suriname’s largest insurance company, is implementing Equisoft’s digital solutions to accelerate its digital transformation journey. These solutions will enable Assuria to launch new products quickly, adapt to changing market dynamics, and provide state-of-the-art agent and customer experience tools.
Muon, a leading electric bike brand, showcased its latest innovations at IFA 2024 in Berlin, including a new series of e-bikes, a self-developed high-performance motor, and smart helmets. These advancements, highlighting ‘Innovation for All,’ represent Muon’s vision for the future of green mobility.
Lucid Group, the maker of electric vehicles, unveiled its upcoming Gravity SUV at its Technology & Manufacturing Day, showcasing its advanced technologies and cost-effectiveness. The company also announced record deliveries and revealed its next-generation Atlas Drive Unit, slated for future midsize vehicles.
Sigma Lithium, a leading producer of sustainable lithium, is preparing for future growth amid fluctuating global interest rates and currency values. The company will participate in the upcoming Benzinga Small-Cap Conference, showcasing its strategies to maintain leadership in the EV battery supply chain while prioritizing sustainability.
IKEA Canada hosted a multi-stakeholder event, One Home, One Planet (OHOP) Canada, bringing together over 100 organizations to discuss and develop a roadmap for promoting circularity in Canada. The event resulted in a shared national framework aimed at making circular options accessible and affordable for Canadians, including education, accessibility, economic benefits, and local action.
Jim Cramer on CNBC’s ‘Mad Money Lightning Round’ shared his insights on Vertiv, AES, NextEra Energy, and Hertz. He recommended buying Vertiv, praising its recent sales growth and book-to-bill ratio. He also expressed positive sentiment towards AES, highlighting its affordability. Cramer, however, expressed uncertainty about NextEra Energy, needing more information before forming an opinion. Regarding Hertz, he expressed concern about the company’s recent performance.
TravelBullz has announced the appointment of Jatnipis Smakratthagit (Annie) as their new Regional Director for Asia, based in Bangkok. Annie brings extensive experience in the hospitality and online travel sectors, making her well-suited to lead and strengthen TravelBullz’s operations in Asia.
