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Author: Aifin

Mastercard CMO Sells Shares, But Company’s Financials Remain Strong

On 2024-09-17 By Aifin In Markets

Mastercard’s Chief Marketing Officer, Venkata R. Madabhushi, recently sold a significant number of shares in the company, worth over $2.3 million. While this move might raise some eyebrows among investors, the sale was conducted under …

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Archer Aviation Secures Funding Boost from Stellantis, Plans LA Air Taxi Network

On 2024-08-09 By Aifin In Business

Archer Aviation is making strides in the air-taxi market, securing a $370 million funding commitment from Stellantis to support aircraft production ramp-up. This investment will enable Archer to increase its annual production of the ‘Midnight’ …

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Take-Two Interactive Bets on “GTA VI” to Fuel Future Growth

On 2024-08-09 By Aifin In Business

Take-Two Interactive Software (TTWO), the publisher behind the iconic “Grand Theft Auto” franchise, is banking on the upcoming “GTA VI” to drive significant bookings growth in the next two fiscal years. The company recently narrowed …

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French Wine Production Plummets in 2024 Due to Wet Weather and Diseases

On 2024-08-09 By Aifin In Economy

France, the world’s largest wine producer, is facing a significant drop in wine production this year. The culprit? A combination of unfavorable weather conditions and widespread diseases that have ravaged vineyards across the country. The …

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Thailand’s Disbanded Opposition Resurfaces as “People’s Party”, Vowing Reform

On 2024-08-09 By Aifin In World

Thailand’s disbanded opposition party, Move Forward, has re-emerged as the People’s Party, promising to continue its progressive agenda and challenge the country’s conservative establishment. The party, which won the most seats in the last election, …

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Egypt’s Inflation Expected to Fall for Fifth Month in July

On 2024-08-08 By Aifin In Economy

Egypt’s inflation is expected to continue its downward trend for the fifth consecutive month in July, despite recent price increases in food, tobacco, and fuel. Analysts attribute this decline to the International Monetary Fund’s (IMF) …

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Thailand Offers Incentives to Boost EV Production Through Joint Ventures

On 2024-08-08 By Aifin In Economy

Thailand, Southeast Asia’s largest auto production hub, is offering incentives to encourage joint ventures (JVs) in the automotive parts sector, specifically targeting electric vehicles (EVs). The Board of Investment (BOI) announced on Thursday that it …

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Warner Bros Discovery Plunges as $9 Billion Write-Down Exposes TV Woes

On 2024-08-08 By Aifin In Business

Shares of Warner Bros Discovery (WBD) plummeted 12% in pre-market trading on Thursday, following a $9.1 billion write-down of the media giant’s TV assets. This move highlights the ongoing challenges facing traditional broadcasting in the …

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BMW Recalls Over 100,000 Vehicles in the US Due to Starter Motor Overheating Concerns

On 2024-08-08 By Aifin In Business

BMW is recalling 105,558 crossovers and sedans in the United States due to a starter motor issue that could lead to overheating. The recall affects various models, including the X5, X7, 3, and 7 Series. …

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Airbnb Shares Plunge on Weak Forecast, Signaling Slowing Travel Demand

On 2024-08-07 By Aifin In Markets

Airbnb shares plummeted by nearly 16% in premarket trading on Wednesday following the release of a disappointing third-quarter revenue forecast. The online travel giant attributed the weak outlook to slowing demand in the United States …

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