WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the research of a new quantum algorithm—the Holographic Quantum Linear Solver (HQLS), which aims to provide a more efficient and resource-efficient quantum algorithm for solving the Quantum Linear System Problem (QLSP). This algorithm is based on a combination of Variational Quantum Algorithms (VQA) and the classical shadow framework, overcomi

U.S. stocks looked set to pare back some of their losses on Thursday after Federal Reserve Chair Jerome Powell put a lump of coal in markets’ Christmas stocking by signaling that sticky inflation means investors shouldn’t expect deep rate cuts next year. Futures tracking the Dow Jones Industrial Average climbed 321 points, or 0.8%. All three indexes had plummeted on Wednesday, with Powell’s hawkish presser sinking the Dow by 1,100 points to lock in its longest losing streak in half a century.

Refinity, Innventure's subsidiary, will work with DOW to scale and commercialize cost-effective waste-to-value technologies, aimed at converting mixed waste.

Enzo Biochem reports a first-quarter fiscal 2025 quarterly loss and revenue drop across regions amid challenges in the life sciences tools market.

The company wants to push lithium-ion battery technology beyond its current limitations and has significant backing from Volkswagen to achieve this goal. Early results from rigorous endurance tests are promising, and recently, new battery prototypes have thrust QuantumScape back into the spotlight. With the stock trading 96% below its four-year peak and hovering near all-time lows, is it time to buy or sell QuantumScape?

Ark Restaurants reports a fourth-quarter fiscal 2024 quarterly revenue dip and net loss amid costs weighing on margins.

The Federal Reserve sent shockwaves through markets on Wednesday with a sobering outlook for rates and inflation in 2025. While we may be at the start of the correction, this is no time to panic. Stocks and bonds tanked after Fed Chair Jerome Powell delivered a message nobody wanted to hear: Inflation is moving sideways and investors should only expect two more quarter-point cuts in 2025, a letdown from previous forecasts for deeper cuts and more progress on inflation.

It’s not just Chili’s that Americans are obsessed with.

Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity” third quarter 2024, investor letter. A copy of the letter can be downloaded here. The portfolio slightly underperformed its benchmark index in the third quarter following a robust first half of the year. Performance was impacted by volatility, especially towards the […]

The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.