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Samsung shares hit a three-year high. South Korean tech giant is at the peak of its solid profits thanks to AI and demand for chips.
Regarding AI: models developed in China are booming. Assembled quartz a list of the country’s top competitors and companies in artificial intelligence.
Russia is now a “high-income” country because of its military spending. The World Bank Upgrade puts him on the same footing like the United States and Western Europe.
Amazon’s algorithm is under scrutiny in Europe. The European Union has asked the company to provide information on how it complies with transparency and security standards.
JPMorgan Chase may start charging customers for checking accounts. It is, if new federal rules reduce overdrafts and late fees Come into force.
Shell’s bet on green energy costs it $1 billion. The writedown concerns a biofuel plant in the Netherlands that was due to be operational this year. but is not even close to being ready.
Tesla’s stock recovery has been titanic
Better-than-expected second-quarter deliveries did wonders for Tesla, so much so that the worst performing stock in the S&P 500 this is no longer the case.
The electric vehicle maker’s meteoric rise in stock has nearly reversed its poor performance this year and lined CEO Elon Musk’s pockets with a stock value of $10 billion.
“In a nutshell, the worst is behind us for Tesla as we believe EV demand is starting to return to the disruptive technology pillar…with bears heading back into hibernation mode and their caves,” said Dan Ives, an analyst at Wedbush. wrote in a research note FridayThings are even looking up for Musk in Germany, where Tesla is a little closer to realizes its dream of producing 1 million electric vehicles in its gigafactory a reality.
Parent influencers can’t pocket all the money
At least that’s what a new Illinois law is trying to avoid.
Parent influencers are required to pay their children if they appear in at least one-third of paid content. This money must be put into a trust fund that the child can access once they turn 18, according to the new law.
The legislation was inspired by a high school student and a 1939 law. Ben Kesslen gives us the latest on measurement for Quartz.
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💻 Cryptocurrency thefts double to $1.4 billion in first half of 2024
Surprising discoveries
Scientists may have created a blood substitute that actually works. At least that certainly works better than milk (Yeah…milk transfusions were a thing).
The Earth’s core probably has a 70-year rotation cycle. Right now it has slowed down so much so that it goes backwards.
Half of Americans don’t have enough money to take a vacation this summer. A particular destination really feels the pain of inflation: the world of disney.
The world’s oldest known illustrated tale has been discovered in Indonesia. The tale was painted on a cave about 51,200 years ago
Caesar salad is 100 years old. His birthplace has nothing to do with Julius Caesar and everything about Tijuana, Mexicoand it was originally called the aviator salad.
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Best wishes for your day. Send your news, comments, old picture stories and aviator salads to speak@qz.comToday’s Daily Brief is brought to you by Morgan Haefner.
