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Tesla's Feeling the Pain of Lower Pricing, but This EV Maker Isn't. Is the Stock a Buy?

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Purchasing an electric car is now more affordable than it has ever been. Global automakers are cutting the cost of their electric vehicles and releasing more affordable models. They've noticed the effect on their bottom line. Even the market leader in electric vehicles with the strongest brand, Tesla (TSLA 2.22%), was forced to lower pricing. It now intends to produce a car in Germany for 25,000 euros, or somewhat less than $27,000, according to a Reuters story. Tesla has seen a decline in profit margins due to decreased prices. Compared to the same period previous year, its cost of goods consumed 7.2% more of its sales in the most recent quarter. Yet, BYD (BYDDY -0.21%), its largest opponent in the EV production market, has not encountered the same difficulty. In fact, over the same time frame, it was able to raise its gross margin on auto sales by three percentage points. And right now, the stock is available for a very attractive price The soon-to-be biggest EV maker BYD is grow...
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The iPhone 15 Pro's New Action Button: What to Expect

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 The classic Ring/Silent switch, a feature of the iPhone since its introduction in 2007, will be replaced by a new Action button in Apple's future iPhone 15 Pro and iPhone 15 Pro Max versions. What you may anticipate to do with it is as follows. The new Action button, which will only be available on Apple's high-end iPhone 15 Pro and iPhone 15 Pro Max models, is anticipated to be a mechanical push button that allows users to manually enable one of numerous customisable features. The following features, which users may personalize in Settings and assign to various actions, can be activated by pressing the Action button, according to code discovered in the iOS 17 beta by MacRumors contributor Steve Moser. Access to a range of accessibility options, including VoiceOver, Zoom, AssistiveTouch, and others. Run a shortcut you've created in the Shortcuts app or downloaded from it, like as one that sends a message, plays a song, or manages smart home gadgets. Similar to the Ring/qui...
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Shibarium Wallets Hit 1M Mark Amid Ongoing Shiba Inu (SHIB) Price Challenges

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  Less than a week after the mainnet bridge started operating at its best, the total number of wallets communicating with Shiba Inu's layer2 network, Shibarium, crossed the 1 million threshold earlier today. The Shibarium bridge had issues prior to its August 28 debut, including transaction delays and briefly unavailable funds. Lead developer Shytoshi Kusama allayed the neighborhood's concerns by claiming that their finances were "safu." Shibarium Wallets Crosses 1 Million The bridge has seen engagement from more than 1 million wallets, according to statistics from Shibarium Scan. With an average of over 73,640 transactions each day, these users have conducted over 783,000 transactions in total. Notably, there are presently 421,736 total blocks on the blockchain. Despite the increase in transactions, the amount of total assets locked on the bridge has not yet increased noticeably. The current amount is a paltry $1.16 million. According to DeFillama data, decentralized...
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Oil Reaches New 2023 High

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As declining inventory levels alarmed the market, the price of a barrel of WTI crude oil rose to $85 on Friday, the highest level so far this year. Around 10:00 a.m. ET, WTI crude oil dropped to $84.90 per barrel after briefly reaching $85 per barrel. In November 2022, WTI last traded at a price that h igh. A new 2023 record was also set by Brent crude oil, which was trading $1.05 per barrel, or 1.21%, higher on the day at $87.88. The United States' declining crude oil stocks, which fell by another 10.6 million barrels for the week ending August 25, according to the Energy Information Administration, are a significant contributing reason to the rising price of crude oil. The OPEC+ coalition, which includes major players Saudi Arabia and Russia, is another factor supporting high oil prices. The two sides have agreed to reduce production, and Russia has announced it will give further information next week. The prospect that Saudi Arabia or Russia might broaden or intensify their pres...
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Due to "good reasons," unemployment rises to 18-month high as more Americans find employment.

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According to figures released on Friday by the Bureau of Labor Statistics, the jobless rate rose to its highest level since February 2022 in August. However, an increase in the unemployment rate to 3.8% from 3.5% may not be a terrible thing for the state of the US job market as a whole. Thomas Simons, a US economist at Jefferies, said in a report on Friday that "this was one of those 'good reasons' increases." "More supply is welcome given the tight labor market, but it can take some time for new entrants to find a fit," The civilian labor force expanded by 736,000 people in August compared to July. Since hitting 63.3% in February, the labor force participation rate has increased, reaching 62.8% in August.  Over the past year, the US economy has welcomed 3.1 million more citizens back into the workforce. A further indication that the labor market after the pandemic, as defined by the "Great Resignation," is returning to "better balance" i...
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People Seem to Think AI Is the Best Investing Opportunity of Our Lifetime. How True Is That?

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 Many sectors, including other cutting-edge technology, are impacted by AI. Earlier this year, artificial intelligence (AI) boosted numerous tech companies. After the largest tech sell-off since the financial crisis in 2022, OpenAI's ChatGPT helped rekindle interest in AI equities. However, firms like Google parent Alphabet asserted in 2016 that they were a "AI first" corporation. Additionally, Apple has long supported AI and machine learning research, and many others have benefited from the technology for many years. You could be wondering whether AI is one of the best investment opportunities of our lifetime or if it will fall short of other key historical chances to drive profits because it has long been an unnoticed trend. The impact of cutting-edge technologies You might be able to see how AI could become one of the best investing possibilities yet, if not the greatest, notwithstanding AI-driven advances in previous years. The largest tech companies of today were mos...
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One of the Biggest Cable Companies Says Cable TV Isn’t Working

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 One of the largest cable providers in the country has a message for the major media businesses that it partners with in a long-standing industry: The existing cable-TV model must be fixed or abandoned. Charter Communications said in an 11-page presentation to investors on Friday that cable TV has grown too expensive for both users and providers, adding that cord-cutters and rising costs are causing a "vicious video cycle." The presentation takes place in the midst of negotiations between Charter and The Walt Disney Co., which owns well-known cable channels like ESPN and FX. Until these negotiations are concluded, Charter's almost 15 million pay-TV subscribers won't be able to access Disney's channels. Spectrum TV customers of Charter will be Channels may go dark on cable systems for days or weeks while cable operators and content creators negotiate the value of the channels and how to package them. These so-called carriage wars are prevalent in the media industry...
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