BIJIE, CHINA – MARCH 27, 2021 – Old People’s Daily life at a health care center in Bijie, southwest China’s Guizhou province, March 27, 2021. Costfoto | Future Publishing | Getty ImagesPlagued by shrinking birth rates and a rapidly aging population, tens of thousands of Chinese kindergartens have scaled back operations, closed down entirely or pivoted industries to survive.One preschool in the eastern province of Zhejiang still operates as a daycare, but instead of serving children, they’re now catering to senior citizens.Last year, Zhuang Yanfang, 56, repurposed her kindergarten in the city of Jinhua, Zhejiang, into a senior nursing center. She…
Author: usaeverydaylife
Returning soon to a Starbucks near you: Ceramic mugs, Sharpies on cups and the condiment bar to add your own cream and sugar. Those were just some of the details that Brian Niccol shared Wednesday night on his first earnings call since taking over as CEO of the struggling coffee giant on Sept. 9. Starbucks last week p reannounced an ugly set of fiscal 2024 fourth-quarter results and suspended 2025 guidance, so the main event was what the former Chipotle boss had to say. Niccol’s overarching message: A bunch of changes, both big and small, are coming to Starbucks’ menu,…
Data expert Nate Silver is known for making big calls on elections and at the poker table, and right now, those two worlds have converged as both presidential election polls and betting markets show momentum building for Donald Trump and declining for Kamala Harris with less than a week to go before Election Day.Silver is on the record since last week as saying the odds favor Trump — he laid out his call in a New York Times op-ed — but he also described it as a “gut instinct” rather than more certain data science. In an interview with CNBC’s…
Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.The new backers are: China Telecom — one of the major telecommunications operators in the country — CICC Capital, Chinese venture capital firm Cornerstone and SDG, a fund linked to a Shenzhen economic zone. Honor said its existing partners also made a new investment round through an entity called Jinshi Xingyao.Honor said earlier this year it…
Don’t let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Revenue in the three months ended Sept. 30 rose nearly 19% year over year to $40.59 billion, outpacing the $40.29 billion expected, according to analysts’ estimates compiled by LSEG. Earnings per share in the third quarter jumped more than 37% to $6.03, exceeding the LSEG’s consensus EPS estimate of $4.25. META YTD mountain Meta Platforms YTD Shares of Meta dropped 3% on the release and commentary, with investors selling on fewer-than-expected daily active users…
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China’s official purchasing managers’ index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday.The data beat expectations for 49.9, according to a Reuters poll. September’s reading was 49.8. The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4.The sub-index for production came in at 52 for October, while that of new orders…
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesMicrosoft’s massive investment in OpenAI is weighing on earnings.Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to take a $1.5 billion hit to income in the current period, mainly because of an expected loss from OpenAI.Microsoft has invested close to $14 billion in OpenAI, whose ChatGPT assistant has gone viral and inspired a whole new industry called generative artificial intelligence. The trend has generated billions…
Question: In Game 4 of the 1978 World Series, the Yankees beat the Dodgers on a walk-off single by Lou Piniella. Prior to 2024, two Dodgers had gotten walk-off hits to beat the Yankees in a World Series game – and in both cases, it was the final hit of the player’s career. Can you name the two players? Hint: one broke up a no-hitter with his hit, and the other is a Hall of Famer. Source link
Customers shop at a Samsung mobile store inside a shopping mall in New Delhi.Reuters | Anindito MukherjeeSamsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter.The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.While its memory chip unit benefited by strong demand for its artificial intelligence and conventional server products, Samsung said “inventory adjustments negatively impacted mobile demand.” The company said it was also contending with “the increasing supply of legacy…
Microsoft reported better-than-expected quarterly results Thursday, led by strong growth in its cloud-computing business — but soft guidance pressured shares in after-hours trading. Revenue increased 16% year over year to $65.56 billion in its fiscal 2025 first quarter, beating the Street consensus estimate of $64.51 billion, according to data from LSEG. Earnings per share increased 10% from last year to $3.30, ahead of EPS estimates of $3.10, LSEG data showed. Microsoft Why we own it : Microsoft is a core backbone of global productivity thanks to its Office 365 suite and hybrid cloud platform Azure. The company is also proving…
