Pinterest shares tumble nearly 15% on weak guidance
Pinterest shares sank when the company reported its second-quarter earnings and provided third-quarter guidance that was lower than analyst estimates.
Pinterest shares sank when the company reported its second-quarter earnings and provided third-quarter guidance that was lower than analyst estimates.
Samsung Electronics posted higher-than-expected second-quarter revenue and operating profit, as demand for advanced memory chips remained strong.
Samsung this month released the $399 Ring, the South Korean tech giant’s first foray into smart rings.
The Israeli military stated its fighter jets killed Hezbollah’s senior military commander Fuad Shukr in an airstrike in Beirut. He was accused of orchestrating a rocket attack on the Golan Heights, resulting in the deaths of 12 youths. The strike has heightened tensions in the Middle East and caused civilian casualties, including two children.
The landslides that struck Wayanad in Kerala highlighted the ongoing failure to designate the Western Ghats as an eco-sensitive area (ESA). Despite multiple draft notifications over the years, final consensus remains elusive, leaving the terrain vulnerable to hazardous activities like deforestation, mining, and construction, which contribute to landslides during heavy rains.
IndiGo and SpiceJet cancelled four flights to Leh due to an unprecedented heat wave, marking four consecutive days of disruptions. Temperatures over 32°C at Leh Airport, situated 3.3 km above sea level, caused operational issues. This is reportedly the first time extreme heat has led to such cancellations at this high-altitude airport.
Nine women from Uttarakhand were abducted in Thailand and taken to Myanmar for forced work in cyber-crime hubs. Family members reported brutal torture and threats of sexual assault. Efforts are underway to rescue these women and other victims. The Indian government recently secured the release of 11 citizens from similar conditions in Myanmar.
On Tuesday, PM Modi emphasized his government’s commitment to a ‘nation first’ approach and the support for private sector investment at a CII post-budget event. Finance Minister Nirmala Sitharaman rebutted opposition claims that the budget neglected certain states, asserting increases in allocations for agriculture, health, and social sectors, and criticized the previous UPA government’s financial…
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India’s recent budget decision to increase customs duty on laboratory chemicals from 10% to 150% has impacted research centres and labs, significantly straining their financial resources. Academic institutes have seen a surge in costs, prompting calls for exemption from the new tax to avoid jeopardizing the country’s research environment.