Walgreens CEO acknowledges consumers’ heightened selectivity and price-sensitivity as company lowers profit forecast

Walgreens CEO calls consumers 'increasingly selective and price-sensitive' as retailer cuts profit outlook

Walgreens (WBA) recently reported disappointing quarterly results, shedding light on the challenging environment US consumers are facing. The retail pharmacy giant’s stock plummeted by 24% after revising its full-year guidance downwards, citing difficult pharmacy industry … Read more

Exclusive: ByteDance, a Chinese company, collaborates with Broadcom to create cutting-edge AI chip, according to sources

FILE PHOTO: The ByteDance logo is seen at the company

China’s ByteDance Collaborating with Broadcom to Develop Advanced AI Processor In the midst of U.S.-Sino tensions, Chinese tech giant ByteDance is making moves to secure a stable supply of high-end chips for its popular platform … Read more