Nvidia-Backed Serve Robotics Rises On Deal To Deliver Shake Shack Via Uber Eats
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Serve Robotics (SERV) stock rose Wednesday as the Nvidia-backed last mile delivery company announced a partnership with Shake Shack (SHAK) to deliver the fast-casual chain's food through Uber Eats.
The company behind the delivery robots that roam the streets of San Francisco and Los Angeles said Wednesday that Uber Eats users in L.A. who order from Shake Shack could soon see a Serve robot delivering their meal.
The company has an existing deal with Uber Eats to deploy up to 2,000 delivery robots set to be used on the Uber Eats platform in several markets across the U.S. The Shake Shack deal highlights the company's "world-class strategic partnerships," Chief Operating Officer Touraj Parang said.
Shares of the former Uber subsidiary received a substantial boost last month when a regulatory filing revealed that artificial intelligence giant Nvidia (NVDA) had taken a roughly 10% stake in the company.
Serve also reported its second-quarter earnings on Tuesday. It said the company is on track to deploy 250 more robots throughout Los Angeles by the end of the first quarter of 2025, positioning it to fulfill its 2,000-robot commitment to Uber Eats in the coming years.
Serve shares have trended lower since the Nvidia-fueled boom that peaked around $20 in late July, but the Shake Shack deal sent the stock up 9.6% to $11.37 Wednesday.
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Intel (INTC) sold its stake in Arm (ARM) as the chipmaker works to bring down costs, according to a Securities and Exchange Commission (SEC) filing Tuesday.
Intel's latest 13F, which is required for most firms with assets under management of $100 million or more, showed Intel sold 1.18 million shares of Arm during the second quarter. The stake was worth over $147 million at the end of the first quarter, and while the filing doesn't show the date shares were sold, Arm shares gained more than 30% during the second quarter.
The filing also showed Intel sold some of its holdings of Astera Labs (ALAB) and Joby Aviation (JOBY), while keeping the MariaDB (MRDB) and Senti Bioscience (SNTI) shares it held in the previous quarter.
The sales come at a tough time for Intel, which recently reported a wider-than-expected loss for the second quarter and announced a $10 billion cost-savings plan that includes laying off 15% of its workforce.
Despite the company's efforts, analysts said the cost-cutting plan may not be enough for a sustainable recovery as "formidable hurdles remain."
Intel shares finished 2.7% lower at $19.92 Wednesday and have lost over 60% of their value since the start of the year.
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Just In: Nigeria’s Inflation Rate Drops For The First Time In 19 Months At 33.40% In July
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Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last dropped to 21.34%, Nairametrics is reporting.
The latest inflation rate figures are based on the National Bureau of Statistics (NBS) CPI report for July 2024.
According to the report, the headline inflation rate decreased by 0.79 percentage points in July 2024 compared to June 2024. On a year-on-year basis, the rate was 9.32 percentage points higher than in July 2023, when it stood at 24.08%. This indicates an increase in the headline inflation rate on a year-on-year basis for July 2024 compared to the same month in the previous year.
Additionally, on a month-on-month basis, the headline inflation rate in July 2024 was 2.28%, slightly lower than the 2.31% recorded in June 2024.
Kano Police Arrest Two Suspects For St£aling Station’s Signpost
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The Kano State Police Command has arrested two suspects involved in the theft of the Bachirawa Police Station sign post in the Ungogo LGA of the state.
The spokesperson for the state police command, SP Abdullahi Kiyawa, revealed this on Facebook on Wednesday, August 14, 2024 adding that the suspects were arrested with the help of residents in the area.
His message written in Hausa, translated to English, read, “The person who stole Bachirawa Police Station (sign post) and the person who collected it are working hand-in-hand. Residents of the neighbourhood have brought up a new sign post.
Rainfall In Jigawa Damages More Than 100 Dwellings, Leaving Families Without A Place To Live
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Kano In Gantsa Town, Buji Local Government Area, Jigawa State, heavy rains has resulted in the destruction of nearly 100 buildings.
Many families were said to have been rendered homeless and major property damage had resulted from the torrential downpour that started on Sunday evening and continued until Monday morning.
The following was confirmed in a statement by Badruddeen Tijjani, Public Relations Officer, Nigeria Security and Civil Defence Corps, NSCDC, Jigawa State Command: “Preliminary reports indicate that the severe weather conditions led to widespread flooding, which overwhelmed the town’s drainage systems.”
The residential portions of Gantsa town were swiftly submerged by the floods, resulting in the collapse of multiple houses. Numerous families had to leave their houses in search of safety, and the floodwaters claimed innumerable personal items. To determine the extent of the damage, local authorities and security organizations, such as the State Emergency Management Agency (SEMA) and the Buji Local Government Emergency Response Team, were on the scene.
"Temporary shelters are being set up to accommodate the displaced residents at the council quarters while rescue operations continue."
Personnel from the NSCDC Disaster Management were carefully stationed to help with the evacuation while simultaneously protecting the victims’ belongings from looting and theft. This time, there have been no confirmed casualties, but the situation has remained uncertain until additional details are being obtained.
Delayed Matrimony: Causes Of Women’s Late Marriage
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The customary timetable for marriage has seen a substantial change in recent years. Nowadays, a lot of women choose to put off getting married in favor of concentrating on their studies, professions, and personal growth. Many people are curious in the reasons that lead to this phenomena, which has created considerable debate over this tendency. We’ll look at the reasons women marry later in this essay.
Priorities for Education and Career Development: The emphasis placed on education and career development is a major factor in women’s delayed marriage. Nowadays, women are more committed than ever to going to college and building prosperous jobs. Due to their increased sense of independence and self-sufficiency, many choose to put off getting married in favor of focusing on their career advancement.
Financial Stability: Financial security is another crucial factor influencing ladies to marry late. Women want to be financially stable and independent before taking the plunge into marriage. This desire for economic security drives them to focus on their careers, build a safety net, and achieve a certain level of financial stability before committing to a partner.
Shifting Social Norms: Conventional marital expectations are changing in society. Women are increasingly free to determine when to get married, and there is less pressure to marry early. A rise in postponed weddings has resulted from this change in social standards, which has given women the confidence to put their own wants and objectives first.
Increased Focus on Personal Development: Ladies are now more focused on personal growth and self-improvement. They want to develop their interests, travel, and explore their passions before settling down. This increased emphasis on personal development leads to a delay in marriage, as women prioritize their own needs and aspirations.
Rise of Independent Women: The rise of independent women has significantly impacted the marriage landscape. Women are now more confident, self-sufficient, and empowered, leading to a decrease in the need for early marriage. With their newfound independence, ladies are choosing to marry later, when they are emotionally, financially, and psychologically ready.
High Expectations: Ladies today have high expectations for their partners and marriages. They seek compatible partners who share their values, interests, and goals. This increased scrutiny leads to a delay in marriage, as women take the time to find the right partner who meets their standards.
Family Pressures: Family pressures may occasionally be a factor in marriages being postponed. As they work through these difficulties, women may encounter resistance from their families or cultural expectations to be married young. As a result, marriage may be delayed.
In summary
Women delay marriage for a variety of intricate and nuanced reasons. Women are delaying marriage for a variety of reasons, including shifting social conventions, prioritizing their education and careers above marriage, and placing more emphasis on personal growth. Ladies should be given the opportunity to follow their own path in life, and their choices and actions should be acknowledged and respected as society continues to change.
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