Dyson has announced its plans to invest £100 million in a new technology facility in Bristol as part of its expansion of robotics centres throughout the UK. The vacuum and battery manufacturer will employ hundreds of software and artificial intelligence engineers at the new site to create innovative products and apps. Dyson’s commercial and ecommerce…
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Darden Restaurants acquires Ruth’s Chris Steak House for $715 million in all-cash deal
On Wednesday, Darden Restaurants announced that it will acquire Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million in an all-cash transaction, valuing Ruth’s at $21.50 per share. Ruth’s Chris Steak House has over 150 locations worldwide and generated $505.9 million in revenue in 2022. The deal is expected to…
Samsung Galaxy S23 FE rumored to feature a 50MP camera
Samsung’s upcoming Galaxy S23 FE may feature a powerful 50MP imaging sensor, according to sources familiar with the matter. While the company is heavily focused on the release of its next-gen foldable devices, the Galaxy Z Flip 5 and Z Fold 5, rumors suggest that the S23 FE will hit the market just a few…
Tesla Resumes Taking Orders for Model 3 Long-Range Version in the US
Tesla Inc (TSLA.O) has reopened orders for its long-range version of the Model 3 sedan in the United States, after temporarily halting orders in 2022 due to delivery backlogs. The move comes as the electric vehicle maker tries to boost sales of its entry-level sedan and regain market share in the highly competitive EV market….
Lloyds Banking Group Posts Strong Q1 Results, Beats Expectations
Lloyds Banking Group PLC reported a 46% rise in Q1 profit, beating analysts’ expectations due to higher net income in a rising interest rate environment. The bank’s net income rose 15% YoY to £4.7bn while pre-tax profit improved to £2.26bn from £1.54bn. Underlying net interest income rose 20% to £3.54bn, driven by a stronger banking…
AMD Reports Better-Than-Expected Q1 Revenue and Earnings, Expects Growth in H2
AMD reported better-than-expected revenue and earnings for the first quarter of the year. However, the company’s stock declined by 6% in after-hours trading on Tuesday due to the chipmaker’s guidance for the current period, which fell short of analysts’ estimates. For the quarter ended in December, AMD’s adjusted EPS was 60 cents per share, surpassing…
Google Pixel Superfans Program Expands to UK
Google has decided to extend its Pixel Superfans program to the United Kingdom, after it had been exclusively available in the US for many years. The program offers exclusive opportunities for Pixel enthusiasts such as early access to new products and features, special events, and access to exclusive swag. UK Pixel Superfans have already started…
Motorola unveils new flagship Edge+ (2023) with impressive specs and features
Motorola, the American telecommunications giant, has unveiled its latest flagship smartphone, the Edge+ (2023), in the United States. This new phone boasts a host of flagship specs and features that are sure to impress even the most discerning smartphone user. Motorola may be known for its budget phones, but the company’s 2023 flagship lineup is…
Apple and Google Join Forces to Combat Bluetooth Tracker Stalking
Apple and Google collaborate to combat Bluetooth tracker stalking by proposing an industry standard. This standard aims to prevent the misuse of tracking devices and would allow Bluetooth-enabled devices to detect and alert users in case of unauthorized tracking. Tile, Samsung, Eufy Security, Pebblebee, and Chipolo are among the companies that support this proposed specification….
Australia’s Central Bank Surprises Markets with Rate Hike and Signals More to Come
Australia’s central bank surprised the market by raising its cash rate by 25 basis points to 3.85%, resuming its tightening cycle after pausing in its previous meeting. The move goes against the expectations of economists, who predicted that the central bank would keep rates at 3.6% for a second consecutive meeting. The Australian dollar surged…
Get Ready for the Biggest VR Gaming Event of the Year – Meta Quest Gaming Showcase 2023
Get ready for the third annual Meta Quest Gaming Showcase, which is set to take place on June 1st at 10 AM PST. This event will be accessible to everyone via various platforms, including Twitch, Facebook, YouTube (including YouTube in Japan), and Meta Horizon Worlds. This year’s Gaming Showcase is expected to be the most…
Gold Prices Slip below $2,000 an ounce as US Manufacturing Contracts for Sixth Month in a Row
Institute for Supply Management (ISM) data released on Monday showed that the US manufacturing sector contracted for the sixth month in a row, causing the gold market to drop below $2,000 an ounce. The ISM Manufacturing Index for April was at 47.1%, which was slightly better than the expected 46.8%. This number was also higher…