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Apple (AAPL) Cuts 200 Jobs In Siri And Vision Pro To Refocus On AI

Apple (NasdaqGS:AAPL) is cutting over 200 jobs in its Siri and Vision Pro units as it redirects resources toward artificial intelligence and smart glasses development. The restructuring shifts focus away from immersive video and gaming features in Vision Pro toward AI driven capabilities and new hardware. Apple is concentrating affected roles within its core AI efforts, signalling a reallocation of talent and spending across key product teams. The move is expected to influence Apple's future...

Simply Wall St.
Apple Vs. Nvidia: He Who Controls Compute Wins

NVIDIA sells the infrastructure powering the AI era while Apple bets the compute battle gets won at the edge, and right now both strategies are printing money. Which position actually controls the stack that matters most?

24/7 Wall St.
3 Growth Stocks to Buy Before Wall Street Catches On

Three under-followed stocks are sitting on tens of billions in contracted backlogs while Wall Street coverage lags behind, and the window to get in ahead of institutional upgrades keeps narrowing.

24/7 Wall St.
From $100 billion to $27 billion: What happened to Shein?

<body><p>STORY: "Shein's valuation has dropped sharply in the past four years. It was valued at about $100 billion at its peak in 2022, but the valuation now is almost about a quarter of its peak valuation."</p><p>:: Hong Kong / August 24, 2026</p><p>:: Summer Zhen, Asia Funds Correspondent</p><p>"That is because the company is facing multiple challenges. The biggest one is the fierce competition from rivals such as Temu and Amazon."</p><p>"The company's sales growth is slowing down. It reported a first-quarter loss in first quarter. The company's app download is also declining quickly. That data has hurt investor confidence in the company."</p><p>"And in addition, both the U.S. and Europe, Shein's key markets, have imposed additional fees on small e-commerce parcels imported from China. That means consumers who buy Shein products now need to pay more.</p><p>"If a shopper now buys a €3 T-shirt on Shein, the cost could double after the fee."</p><p>"What's worse is that Shein's IPO comes at a challenging time. This year, all the investor focus is on AI and tech-related names such as Unitree IPO and CXMT, both blockbuster IPOs in China"</p><p>"The valuation of about $27 billion in its prospectus represents only about a quarter of that level and reflects investors' lukewarm interest."</p></body>

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Shares, oil slip awaiting US details of Iran sanctions

By Wayne Cole SYDNEY, Aug 24 (Reuters) - Share markets slipped in Asia on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran due later in the session, while

Reuters
How Farmers & Merchants Bancorp’s Dividend Hike Shapes FMCB’s Capital Return Strategy for Investors

Farmers & Merchants Bancorp, parent of Farmers & Merchants Bank of Central California, previously raised its quarterly cash dividend to US$5.60 per share, a 4.7% increase from the prior US$5.35, payable on October 1, 2026 to shareholders of record on September 11, 2026. This dividend increase highlights the board’s willingness to return more cash to shareholders, which often reflects confidence in the bank’s underlying earnings power. We will now examine how this higher quarterly dividend...

Simply Wall St.
Nvidia Is Coming for OpenAI and DeepSeek With $6 Billion Poolside Deal to Build a Powerful Open-Weight AI Model: Report

Nvidia Corp (NASDAQ:NVDA) is making an aggressive push into AI models, striking a multibillion-dollar deal with Poolside to develop a powerful open-weight system aimed at rivals including OpenAI, Anthropic, DeepSeek and Kimi. Nvidia Bets $6 Billion on Poolside AI Technology Nvidia will pay $6 billion to license Poolside’s AI technology and invest another $1 billion in the startup at a $12 billion pre-money valuation, according to The Wall Street Journal. More than 100 Poolside employees, includi

Benzinga