Lawrence Berkeley National Laboratory has secured funding to transform agricultural waste into sustainable products, marking a significant stride in waste management and green innovation. This initiative aims to address the dual challenge of waste disposal and the need for eco-friendly materials. Agricultural waste, often considered a disposal headache, holds untapped potential for producing bioproducts and […]
Daus Mendoza, a well-known influencer with over five million TikTok followers, initially shied away from the influencer tag, viewing it as “icky.” However, he has now begun to see value in the title. In the social media world, distinguishing between influencers and creators is becoming critical. While creators attract Gen-Z to platforms like TikTok and […]
Tesla’s Pressure to Innovate Amid Rising Competition In the fast-paced world of electric vehicles (EVs), Tesla faces increasing competition from traditional automakers and startups alike. Despite its pioneering status, maintaining a lead requires relentless innovation and strategic forward-thinking. The EV market is heating up, with giants like Ford and GM ramping up their EV initiatives. […]
In a groundbreaking advancement, Georgia Tech researchers have crafted an AI system that mirrors human decision-making processes. Unlike traditional AI that relies heavily on predefined rules and programmed logic, this new system employs neural networks to simulate complex human thinking patterns. This innovative approach enables the AI to make decisions that are not only logical […]
Sales of Swiss-made luxury watches are in sharp decline as hesitant consumers reevaluate splurging on costly timepieces and demand drops in a crucial market. Recent figures from Richemont and Swatch Group AG highlight a severe downturn led by China, adversely affecting luxury fashion brands like Burberry, Hugo Boss, and Gucci. The double-digit decline in sales […]
Hugo Boss shares plunged to their lowest level since 2021 after the company slashed its profit guidance for the year, citing weakness in key markets such as China and the UK. The German high-end fashion brand now expects operating profit of around €350 million ($381 million) to €430 million in 2024, down from a previous […]
US retail sales, excluding the impact of a cyberattack on auto dealerships, rose in June by the most in three months, signaling a rebound in consumer confidence. Retail purchases less motor vehicles climbed 0.4 percent last month following an upwardly-revised 0.1 percent increase in May. Overall retail sales remained flat, hindered by a 2 percent […]
This week, ShopMy is introducing “Opportunities,” a novel feature that reshapes influencer marketing dynamics. Brands can now offer influencers a fixed monthly payment in return for a committed number of mentions across their platforms. Traditional influencer campaigns come with strict guidelines and messaging points. However, Opportunities posts are devoid of such constraints. Influencers are only […]
### Worldview: China’s Xiaohongshu Reaches $17 Billion Valuation Xiaohongshu, widely known as “China’s Instagram,” has recently reached a staggering $17 billion valuation following a new investment round. The funding was led by DST Global, a venture capital firm based in the Cayman Islands, marking a significant move by an overseas investor into China’s tech sector […]
Luxury brands are keenly investing in China’s art scene. Notable names like Chanel, Prada, Hermès, Loewe, and Louis Vuitton have been forming partnerships with local museums, artists, and art fairs. This initiative is part of their strategy to create buzz and attract customers in a market where luxury sales growth has slowed down. Take Chanel, […]
