shrinks

Snap, SNAP -0.64% in an investor letter Thursday, said it is operating on an assumption of no revenue growth this quarter from the year-ago period​, even though it has seen about 9% growth so far for the period​. Analysts surveyed by FactSet have been expecting almost 7% growth for the fourth quarter The parent of the Snapchat app is among several social-media companies that have been struggling to respond to the sagging ad market and privacy policy changes…

Two years ago, Volkswagen added the new Caddy to its California camper van portfolio, launching its most impressive Caddy mini-camper to date. But the folks at Volks still lag behind third-party conversion specialists when it comes to fully functional Caddy campers. Reimo is one such example, and it proves that it can do nice things to VW's smallest ICE van, as well as its latest. Its new modular Weekender 2 package turns the Caddy Maxi into a capable two-story micro-home with pop-up roof, four sleeping berths, an…

Nigerian stocks fell for the fourth trading day in a row on Monday as the main equity index contracted by 0.07 per cent. The NGX 30, the index tracking the combined progress of the top 30 firms in terms of market value and liquidity, shed 0.09 per cent, coming within points of its lowest level since the turn of the year. Trade has been subdued for days, but the activity level raised fresh concerns on Monday with volume tapering by as much as 37 per cent. Investors are dumping stocks for fixed income securities,…

China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age population shrinks.Shipments of industrial robots to China in 2021 rose 45% compared with the previous year to more than 243,000, according to new data viewed by The Wall Street Journal from the International Federation of Robotics, a robotics industry trade group. China accounted for just under half of all installations…

Hello, friends! Welcome back to Week in Review, the newsletter where we quickly sum up the most read TechCrunch stories from the last sevenish days. The goal? Even if you’ve had a busy week, a quick skim of WiR should keep you in the (tech) loop. Want it in your inbox every Saturday? Sign up here. This week was a bit all over the place, with another big story breaking every couple hours. Let’s just drop right in, shall we? most read Cutbacks at Area 120: Area 120 is Google’s in-house incubator, meant to let Googlers…

Guaranty Trust Holding Company (GTCO) saw an appreciable advance in top line for the year to June as all its income sources but other income expanded, according to the audited earnings report of Nigeria’s second biggest by market capitalisation issued on Monday. But the growth could not propel profit as two bugbears – galloping tax spend and other operating expenses – gnawed away at income at a time inflation in Nigeria was touching new highs. GTCO, more than half of whose revenue and profit was contributed by…

The study found that social isolation is directly associated with later dementia.Social isolation was found to be an independent risk factor for dementia.According to the research, social isolation is a definite risk factor for dementia since it is directly connected to alterations in the brain regions responsible for memory.Researchers from the Universities of Warwick, Cambridge, and Fudan University analyzed neuroimaging data from more than 30,000 adults in the UK Biobank data set to examine how social isolation and…

Chunky VR headsets might be a thing of the past thanks to this prototype For even the most diehard VR fans, the cumbersome nature of chunky VR headsets is something of a barrier to overcome in search of an immersive gaming experience. It’s one of the main factors that keeps VR from becoming more widespread than it already is, but experts have figured out how to remove at least this one inconvenience from the VR experience — researchers from Stanford University and Nvidia teamed up on a project to create a VR headset that…

By PAUL WISEMAN WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession. The GDP report for…

Walgreens Boots Alliance Inc.’s quarterly sales fell and earnings plunged as revenue from Covid-19 vaccinations dried up and the pharmacy chain paid out an opioid settlement.The Deerfield, Ill., drugstore chain has relied on demand for Covid-19 tests and vaccines to power sales over the past year. Demand dropped off significantly in its fiscal third quarter, as Walgreens administered 4.7 million vaccinations, down from 11.8 million in the Omicron-driven prior quarter, the company said Thursday. WalgreensBoots Alliance…