General Motors (GM) has announced plans to halt production of its electric Chevrolet Bolt models by the end of this year. This comes as the company looks to shift its focus to newer electric vehicles like the GMC Hummer and Cadillac Lyriq, which use GM’s Ultium architecture. The battery cells used in the Chevy Bolt…
Apple dominates refurbished smartphone market with 49% share in 2022
Apple’s sales of refurbished iPhones experienced double-digit growth in 2022, strengthening its hold on the global market for returned and repackaged smartphones. According to a report from Counterpoint Research (via DigiTimes), Apple’s refurbished sales grew by 16%, earning it a 49% share of the market last year, up from 44% in 2021. While Apple dominated…
UK’s Card Factory acquires SA Greetings, a South African wholesaler, for £2.5 million
LONDON, UK: Card Factory, the UK’s leading specialist retailer of greeting cards, gifts, and celebration essentials, announced today that it has acquired the entire issued share capital of SA Greetings Corporation (Pty) Ltd and its subsidiaries, which trade as SA Greetings, for £2.5m in cash. SA Greetings is the leading wholesaler of greeting cards and…
Investing in US Real Estate: Opportunities and Risks for Foreign Buyers
Global pandemics and other intentional uncertainties have caused ambiguities in the capital market. Whenever these uncertainties become more prominent, interest rates go down. However, since a couple of global crises are ongoing, the government continues to raise interest rates regardless of the causes. Even though these interest rates may be intimidating for domestic investors, it…
Slotozen Casino Review
Established at the end of 2021, Slotozen casino is a superb gambling platform with over 3500 games in its lobby. It offers a juicy welcome bonus to bankroll the accounts of its new customers, so they can explore its gaming options without digging too deep into their pockets. Existing customers also enjoy lucrative promotions, such…
Ocado Retail to close oldest fulfilment centre in shift to robotic facilities
Ocado Retail, the online supermarket joint venture between Ocado Group and Marks & Spencer, has announced that it will stop operations at its Hatfield customer fulfilment centre in the summer. The move comes as the company shifts to robotic customer fulfilment centres, which are more productive and have lower energy usage. According to the company,…
First payment of £301 cost of living grant starts rolling out to over 8 million UK households
The government has introduced the cost of living grant to help households cope with the rising costs of living in the UK amidst job losses, reduced hours, and increased living expenses. The cost of living grant is part of the government’s wider efforts to support those who have been most affected. Along with the grant,…
Over a million Texans to lose medicaid coverage amid federal spending pullback
As the COVID-19 pandemic continues to impact federal healthcare spending, over a million Texans are expected to lose their Medicaid coverage over the next year. The state’s Department of Health and Human Services is currently reviewing Medicaid rolls to determine who qualifies, a process that was postponed during the pandemic. However, public health experts predict…
Netflix to invest $2.5 billion in South Korea for producing Korean content
On Tuesday, Netflix announced its plans to invest $2.5 billion in South Korea over the next four years, doubling the company’s investment in the market since 2016. The investment will be focused on producing Korean TV series, movies, and unscripted shows. The announcement came after a meeting between Netflix co-CEO Ted Sarandos and South Korean…
Apple’s rumored VR headset to feature external battery pack
Apple’s rumored virtual reality headset, the Reality Pro, is reportedly taking an unusual approach by having an external battery pack. This news was revealed by Mark Gurman, a notable industry analyst in a recent Bloomberg newsletter. Gurman claims that Apple made the choice to include the external battery pack to “reduce weight and improve comfort”…
Amazon delays launch of NFT Marketplace to May 15, citing readiness issues
Amazon has pushed back the launch of its highly anticipated NFT marketplace, the Amazon Digital Marketplace, from April 24 to May 15. The e-commerce giant cited technical and commercial challenges as the reasons for the delay. The marketplace was set to offer about 15 NFT collections on its launch day, but now 80 NFT collections,…
Binance launches Wrapped Beacon ETH (WBETH) to enhance Ethereum liquid staking market
Binance has launched a new token called Wrapped Beacon ETH (WBETH) to give users more flexibility when it comes to using their staked ETH in DeFi protocols. The exchange announced on April 24 that it had rebranded its ETH 2.0 Staking to ETH Staking and had introduced the WBETH on its ETH Staking service. Each…