Exponentially growing cells

Key Takeaways Analysts estimate adjusted EPS of $1.48 vs. $1.69 in Q1 FY 2022. U.S. comparable sales (excluding fuel sales) are expected to rise YOY, but at less than half the pace of the same quarter a year ago. Revenue is expected to barely increase for the second straight quarter as the boost from the pandemic continues to wear off. Walmart Inc. ( WMT ), one of the world's biggest retailers, enjoyed unusually strong earnings and revenue growth during the past two years. The key driver was consumers who changed their buying patterns in several ways during the pandemic. Walmart's e-commerce sales soared as people sheltering at home boosted their shopping online. And consumers also spent more on manufactured goods as they spent less on dining out and traveling. But these pandemic-related forces are beginning to lose momentum. As a result, Walmart's growth has begun to slow sharply. Investors will be watching whether Walmart can reverse its slowdown in growth when … [Read more...] about Walmart Q1 FY2023 Earnings Report Preview

Amazon.com, Inc . ( AMZN ) has rolled out several enhancements to its Amazon Web Services (AWS) cloud computing offering that are designed to enhance its utility to a wide range of customers. In particular, AWS is focused in 2022 on enabling many organizations—including startups, large enterprises, and government agencies—to become more agile and innovate more rapidly at lower cost. During the AWS Summit in San Francisco on April 21, 2022, Swami Sivasubramanian, vice president of data, analytics, and machine learning services at AWS, offered details on several new product offerings. The innovations that he described range across several service categories, including databases, machine learning, the Internet of Things (IoT) , and application development. Key Takeaways Amazon Web Services (AWS) announced six major enhancements on April 21, 2022. Two increase flexibility and lower costs for AWS users. One makes creating digital twins easier. One facilitates … [Read more...] about Amazon (AMZN) Rolls Out Web Services (AWS) Innovations

- A + A KUALA LUMPUR (May 18): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the first quarter ended March 31, 2022 (1QFY22) jumped 77.4% year-on-year (y-o-y) to RM118.9 million from RM67.02 million driven by strong pick up in business activities for the retail and hotel segments due to the relaxation in movement restrictions. Earnings per unit rose to 2.96 sen from 0.94 sen a year earlier, Sunway REIT informed Bursa Malaysia on Wednesday (May 18). Quarterly revenue grew 47.67% to RM153.97 million from RM104.27 million underpinned by higher revenue from all segments. Gross revenue for the retail segment soared 83.5% to RM98.4 million from RM53.7 million a year ago, primarily contributed by strong performance from all retail malls on the back of pent-up demand, festive spending, relaxation of Covid-19 safety measures and marginal rental support. The hotel segment’s gross revenue increased 28.6% y-o-y to RM18.5 million compared … [Read more...] about Sunway REIT’s 1Q net property income jumps 77% on strong pick up in business activities

- A + A (May 18): Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy. With coal prices skyrocketing to a record, Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani’s Reliance Industries Ltd is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance even deferred a scheduled maintenance of the facility to help churn out more diesel and gasoline, whose margins have shot up to touch a three-year high. The two Indian tycoons are stepping in at a time when many developed countries are scrambling for alternative sources of fuels as they try to back away from Russian supplies. This month, the Group of Seven most-industrialized nations pledged to ban imports of Russian oil. The … [Read more...] about Asia’s two richest men reap windfall from surging oil, coal

Cryptocurrencies have taken a beating this year. As Gizmodo reports , many have lost up to half their value within the last six months alone. But the beating that crypto is taking in 2022 is affecting more than just the digital coins themselves: In the wake of Coinbase’s most recent quarterly earnings, we now know that some crypto trading platforms are also underperforming. advertisement Yesterday after the bell, Coinbase Global (Nasdaq: COIN) announced its Q1 2022 earnings. The results were not good and sent COIN stock plummeting. As of the time of this writing, COIN is down over 14.5% to $62.33 in pre-market trading. That’s an all-time low for Coinbase, which peaked at just over $319 last October. The company went public in a much-hyped direct listing a little over a year ago, the first major crypto exchange to list on U.S. markets. So, what sent COIN stock crashing? As CNBC reports , revenue fell 27% from a year ago. That decline was led by fewer users … [Read more...] about Why is Coinbase crashing? COIN stock hits all-time low as crypto trading sinks

When a $70 million NFT sold at Christie’s last spring—a time before Bored Apes, Cool Cats, and Lazy Lions roamed the earth—some scoffed at the fortune spent on computer pixels that could be copy-pasted to your screen for free. But the lot wasn’t just a jpeg, it was the jpeg—and the money went to claim the original work, or the one we would call “authentic.” Take away that distinction, and yes, the file is worthless. advertisement advertisement It’s a high-stakes game that’s rife with fraud, abuse, and theft, and not even the biggest players are immune. But OpenSea, the planet’s largest NFT marketplace, might have a few tricks up its sleeve. This morning, it’s rolling out two products to safeguard the authenticity of collections on its platform. The first streamlines the verification of creator accounts, and the second banishes copymints, or spoofs of existing NFTs, using image recognition. Verified badges are among OpenSea’s so-called … [Read more...] about OpenSea is on a new quest to ban copymints, armed with AI, Twitter threads, and Discord chats

Representative image. While claiming that “drone technology poses a significant threat to governments…”, the Parliamentary Standing Committee on Home Affairs urged the Ministry of Home Affairs to create a pool of anti-drone technology and let all States and Union Territories access it. The committee also sought and received information from several States, including West Bengal and Punjab, regarding the steps taken to deal with drone attacks. These recommendations and inquiries are part of the committee's 237th report on Police — Training, Modernisation and Reforms, released in February 2022. They come at a time when the Indian government has been trying to give the sector a boost through its Drone Rules – 2021, and the more recent PLI Scheme for Drones . In addition, there has also been a growing impetus for the use of drones in varied industries, including agriculture and health (medicine delivery). “The Committee... recommends that the MHA may take up with concerned … [Read more...] about Parliamentary panel terms drone ‘misuse’ a significant threat, asks MHA to create anti-drone tech

Jet Airways has successfully completed all its "proving flights" and is now looking forward to the grant of the air operator certificate (AOC) by the Directorate General Civil Aviation (DGCA), the owner Jalan-Kalrock Consortium said on May 17. Jet Airways on May 17 concluded its second set of two so-called proving flights with around 31 people, which also included DGCA officials.  The airline had on May 15 conducted its first set of three proving flights with 18 people. The two proving flights on May 17 were on Delhi-Hyderabad and Hyderabad-Delhi routes using the airline’s Boeing 737. The same plane was used for the three proving flights—Delhi-Mumbai, Mumbai-Ahmedabad, Ahmedabad-Delhi—on May 15, they said. A proving flight is part of DGCA’s process for the induction of a new aircraft type in an airline’s fleet. The flight allows the operator to demonstrate to the DGCA the airline’s ability to conduct the flight safely and in accordance with all rules and regulations. … [Read more...] about Jet Airways says proving flights done, awaiting AOC from DGCA

Ranabir Bhattacharyyaa, a writer, shared the woman's story in a LinkedIn post. (Image credit: Ranabir Bhattacharyyaa/LinkedIn) The coronavirus pandemic caused massive jobs losses across the world, forcing people to make drastic switches to new and often unfamiliar roles to support their families. In Kolkata, a woman sacked from electronics giant Panasonic had to start riding a scooter for Uber. Her story was shared on LinkedIn by a man who rode with her. Ranabir Bhattacharyyaa, a writer, said in his post that last week, he had booked an Uber two-wheeler for a quick ride across Kolkata. The driver who came to pick him up was Moutushi Basu – a woman in her early 30s. During his conversation with Basu, Bhattacharyyaa learnt that she worked with Panasonic before the coronavirus-induced lockdown. “She lost her job in the Covid phase like lakhs of Indians,” the man added in his post. Close COVID-19 Vaccine Frequently Asked Questions View more … [Read more...] about From Panasonic employee to Uber rider: Kolkata woman’s story

Intel CEO Pat Gelsinger has said he dreamt of reaching the top post since his early days at the company. (Image credit: LinkedIn) Intel CEO Pat Gelsinger has had a three-decades-long stint with the cutting-edge technology company. Over the course of his career, he has gathered some crucial insights, which he is now sharing with other professionals. During a university speech in Ohio last week, Gelsinger elaborated on his three-point guide for success, Inc. magazine reported. The first tip he had was having a mentor. "We're diamonds in the rough and we need people to knock off those rough edges," he said. Pat Gelsinger cited his own relationship with Intel's former CEO Andy Grove as an example. Second, he advised that professionals write down a mission statement for themselves and think big. Close Gelsinger added that he had his sights set on the Intel CEO position since his early days at the company. He said his dream became a reality only because he … [Read more...] about Intel CEO Pat Gelsinger’s 3 tips for success