Results for: Business

Apple’s new iPhone 16 is anticipated to drive a significant upgrade cycle, according to Ben Bajarin, CEO of Creative Strategies. He expects the phone’s value proposition, particularly the base model, to entice a large number of users with aging iPhones to upgrade. This could potentially lead to a supercycle, similar to those experienced with previous iPhone releases. Bajarin’s optimism stems from the iPhone 16’s packed features, aggressive carrier updates, and the growing popularity of the iPhone Pro.

Lifera Omics, a subsidiary of Lifera, has appointed renowned Saudi human geneticist Prof. Fowzan Sami Alkuraya as its Chief Medical and Genomics Officer. Prof. Alkuraya’s vast experience in human genomics will be instrumental in helping Lifera Omics achieve its mission to advance Saudi Arabia’s role in multiomics globally.

SpaceX successfully launched the Polaris Dawn mission, carrying an all-civilian crew, including Shift4 Payments CEO Jared Isaacman, on a journey to conduct the first-ever private spacewalk. The crew will spend up to five days in orbit, conducting research and science experiments. This landmark mission marks a significant step forward for commercial spaceflight.

Agile Energy X, a subsidiary of Tokyo Electric Power Co., is utilizing Bitcoin mining to address the issue of wasted renewable energy. By powering Bitcoin mining operations with excess renewable energy, they aim to promote the widespread adoption of sustainable energy sources.

Apple shares are declining in premarket trading after the European Union’s highest court upheld a 2016 decision requiring Ireland to recover billions in back taxes from Apple for receiving unlawful tax benefits. The court ruled that Apple’s exceptionally low tax rates in Ireland constituted an illegal subsidy.

Virgin Australia has strengthened its global presence by expanding its partnership with Amadeus, a leading travel technology provider. This expanded agreement will allow Virgin Australia to distribute its services to global travel agents through various booking platforms, including EDIFACT and NDC channels.

Farmers National Company, the nation’s leading landowner services provider, has hired Jim Ferguson as a Relationship Executive/Real Estate Sales. Ferguson brings extensive experience in farmland transactions and a strong commitment to building relationships, making him a valuable asset to the company’s team.

Fortuna Mining Corp. has announced positive exploration updates from its Séguéla Mine in Côte d’Ivoire, highlighting the significant potential of the Kingfisher prospect and the continued exploration at the Sunbird deposit. Drilling results show promising gold mineralization at both locations, indicating potential for both open-pit and underground mining. Fortuna plans to continue exploration efforts throughout the remainder of 2024, with the goal of establishing a maiden inferred mineral resource for Kingfisher early in 2025.

Cognyte Software (CGNT) is set to release its second-quarter earnings before the market opens on Tuesday, Sept. 10. Analysts predict a loss of 2 cents per share, an improvement from the prior year’s 9-cent loss. Revenue is expected to reach $83.69 million, fueled by continued growth in the company’s core business.

Elon Musk, CEO of Tesla and SpaceX, shared an update on the timeline for the company’s Dojo supercomputer during the All-In podcast. He revealed that Dojo 2 is expected to reach volume production by the end of 2025 and that the third iteration, slated for late 2026, will be the true test of its capabilities. This powerful supercomputer plays a vital role in Tesla’s Full Self-Driving (FSD) technology, training the neural networks that power autonomous vehicles.