Whirlpool Cuts Dividend, Full-Year Profit Guidance as Tariffs Hurt Quarterly Results
The appliance maker said Monday it now expects adjusted earnings per share of $6 to $8 for the full year, down from its previous guidance of $10. Analysts polled by FactSet expect adjusted earnings per share of $8.96.
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Business Insider
32 minutes ago
- Business Insider
Apple's supply chain makeover just gave India a massive win over China
India has overtaken China to become the top smartphone exporter to the US, and the country has Apple to thank for its new ranking. India's share of smartphone exports in the quarter that ended in June rose sharply from the same time last year. The country's dethroning of China is largely driven by Apple's shifting supply chains, according to analysis from research firm Canalys published on Monday. "Apple has scaled up its production capacity in India over the last several years as a part of its ' China Plus One' strategy and has opted to dedicate most of its export capacity in India to supply the US market so far in 2025," wrote Sanyam Chaurasia, principal analyst at Canalys. Still, much of iPhone manufacturing takes place in China, and the company depends on manufacturing hubs in China for Pro model parts, Canalys said. Smartphones assembled in India made up 44% of US imports in the second quarter, a significant jump from 13% in the same period last year. The total volume of smartphones made in India soared 240% from a year earlier, Canalys said. Vietnam came second, taking 30% of the market share. China's share fell from 61% to 25% year over year. Samsung and Motorola have also increased their share of US-targeted supply from India, but their shifts are significantly slower and smaller in scale than Apple's, the Canalys report said. Apple has been rapidly shifting iPhone production to India, in an effort to reduce reliance on China and cut back on geopolitical risks. The iPhone 16 is being assembled in India. In the company's first quarter earnings call, Apple's CEO, Tim Cook, addressed Chinese diversification and said the company expects "the majority of iPhones sold in the US will have India as their country of origin" in the quarter ending in June. Apple's manufacturing in India and China has been repeatedly scrutinized by President Donald Trump's administration. In May, Trump threatened Cook with a 25% tariff on iPhones if the devices were made in India or elsewhere, in a move to pressure Apple to build its flagship product domestically. Trade experts have said that making iPhones in the US will push their prices higher. Earlier this month, White House trade advisor Peter Navarro said Cook isn't doing enough to move manufacturing out of China. "Going back to the first trump term, Tim Cook has continually asked for more time in order to move his factories out of China," Navarro said on CNBC. "I mean it's the longest-running soap opera in Silicon Valley. My problem with Tim Cook is he never takes the steps to actually do that." While many of Apple's core products, including iPhones and Mac laptops, have received exemptions from Trump's "reciprocal tariffs," officials have warned that it could be a temporary reprieve.
Yahoo
an hour ago
- Yahoo
PLTFRM Launches AI Virtual Human Livestreaming, Increasing Sales of BROTHER Printers by 30%
SHANGHAI，CHINA, July 29, 2025 (GLOBE NEWSWIRE) -- BROTHER, the renowned global printer brand, recently achieved a remarkable 30% increase in e-commerce sales by adopting PLTFRM's AI-powered virtual human livestream technology. In partnership with PLTFRM, a creative agency specialising in digital branding and communication solutions, BROTHER witnessed firsthand the commercial potential of AI-driven livestreaming for Virtual Human Livestreaming: A New Era in E-Commerce AI virtual human livestreaming is rapidly reshaping China's e-commerce landscape. These AI-generated hosts deliver interactive livestreams that closely replicate human behaviour. Even founder Richard Liu has launched an AI avatar to host his own sales livestreams, signalling growing acceptance and excitement within the industry. Unlike traditional livestreaming, which typically requires a team of 3–4 people—including a host, technical operator, and support staff—AI livestreams operate 24/7 with minimal manpower. A single digital human can handle hosting, answering audience questions, and switching products in real time, significantly reducing operational costs. Today's AI hosts are nearly indistinguishable from real people, with expressive facial gestures, lifelike voices, and fluid audience interaction. Their realism and efficiency have made them credible and cost-effective substitutes, driving measurable sales growth for brands. BROTHER PRINTER: A Century-Old Brand Embraces AI Known for its durable and high-performance devices, BROTHER initially deployed AI livestreaming as a brand visibility tool during off-peak hours. 'We didn't expect major sales results at first,' said Ms. Gu, Head of Branding at BROTHER China. 'Our goal was to maintain a consistent brand presence and convey our values of professionalism and reliability outside of prime-time slots.' However, within just two hours of its first AI livestream powered by PLTFRM AI, the campaign generated over ¥18,000 (US$2,500+) in direct sales—far surpassing expectations. Sales Up 30%, Costs Down 80% Today, BROTHER runs AI-powered livestreams across four online flagship stores on and Tmall, operating continuously 24/7. Compared with the same period last year, the brand has seen a 30% increase in sales and an 80% reduction in livestreaming costs. 'Every morning, we check the data to see how much our AI host sold while we were asleep,' Ms. Gu shared. 'It's now part of our daily routine.' One particularly surprising insight: 30% of total sales occurred during late-night hours—a time previously neglected by traditional human-hosted streams. Many of these transactions came from first-time customers, drawn by the AI host's clear and professional explanations of technical product benefits—at any time of day. BROTHER's AI avatar emphasised key selling points like its separate drum-and-toner design and renowned long-term durability—hallmarks of the brand's century-long legacy of engineering excellence. Behind the Tech: PLTFRM AI This success story was made possible by PLTFRM, a Shanghai-based brand management agency with 15 years of experience in digital marketing and over a decade in e-commerce livestreaming. Since 2023, PLTFRM has partnered with Baidu Cloud to incorporate cutting-edge AI tools into its livestreaming services. The agency's AI Virtual Human Livestreaming Service (PLTFRM AI) provides end-to-end support—from avatar creation and product upload to scripting, audience engagement, and multi-platform integration. BROTHER's project went live within just two weeks of initial planning. Strategy First: Matching People, Product, and Place According to PLTFRM co-founder Qian Dejun, AI livestreaming is most effective when it follows traditional retail principles: matching the right host, product, and place. While AI lowers entry barriers, achieving real impact requires professional execution—custom avatars, optimised sales scripts, realistic virtual studios, and carefully scheduled streaming slots. Mr. Qian, who has hosted over 300 livestreams and now has an AI avatar of himself, stresses that the same strategic logic applies to both AI and human hosting. PLTFRM offers fully-managed and hybrid livestream models, enabling brands to grow without the burden of technical complexities. A Full-Service, Hassle-Free Model 'We understand the pain points—low traffic, high operational costs, lack of talent, and poor ROI,' said CEO Qian Dejun. 'That's why PLTFRM AI is a worry-free, fully-managed solution. Brands can scale faster, lower costs, and increase exposure—without building an in-house team for livestream.' FAQ: PLTFRM AI Livestreaming Q: Which platforms does PLTFRM AI support? A: Currently live on Tmall, Taobao and Pinduoduo. Integration is also available for Dianping,Meituan, WeChat mini-program， and others. Q: What's included in the full-service package? A: Services include product listing, avatar customisation, scriptwriting, virtual studio setup, livestream operations, and ongoing optimisation. Q: How soon can livestreaming begin? A: Livestreams can go live within 30 days of onboarding. Q: Can AI hosts be used alongside human hosts? A: Yes. Many clients use human hosts during peak hours and AI hosts during off-peak times. Q: Can PLTFRM clone an existing human host as an AI avatar? A: Yes. Full AI cloning is available. Interested in AI Livestreaming for Your Brand? Contact PLTFRM AI. Social Links LinkedIn: Media Contact Company: PLTFRM Contact: Alexander Ouairy, Founder and Director Telephone: +86 (0)21 6232 6733 Email: info@ Website: , Address: Building 3, No. 733 Wanhangdu Road, Jing'an District, Shanghai 200042 SOURCE: PLTFRMError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
SoFi Technologies, Inc. Announces Pricing of Public Offering of Common Stock
SAN FRANCISCO, July 30, 2025--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) ("SoFi" or the "Company") today announced that it has priced its previously announced underwritten public offering of 71,942,450 shares of its common stock at a price of $20.85 per share, for total gross proceeds of approximately $1.5 billion, before deducting underwriting discounts and commissions and offering expenses payable by the company. In addition, SoFi has granted the underwriters a 30-day option to purchase up to an additional 10,791,367 shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on July 31, 2025, subject to customary closing conditions. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities. Goldman Sachs & Co. LLC, Citigroup and Mizuho Securities USA LLC will act as the underwriters in the offering. An automatic shelf registration statement on Form S-3 (Registration No. 333-289046) (including a base prospectus) became effective upon filing with the Securities and Exchange Commission ("SEC") on July 29, 2025. The offering is being made only by means of a preliminary prospectus supplement and a final prospectus supplement (together, the "prospectus supplement") and an accompanying base prospectus. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. You may get these documents, including the prospectus supplement, for free by visiting EDGAR on the SEC website at Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526 or via email: prospectus-ny@ Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); Mizuho c/o Mizuho Securities USA LLC at 1271 Avenue of the Americas, New York, New York 10020 (US-ECM@ Attention: Equity Capital Markets. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 11.7 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 160.0 million global accounts. ©2025 SoFi Technologies, Inc. All rights reserved. SOFI-F Forward-Looking Statements This press release includes forward-looking statements. Forward-looking statements represent SoFi's current expectations regarding future events, including the proposed offering of shares of common stock, and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements, and there can be no assurance that future developments affecting SoFi will be those that it has anticipated. Among those risks and uncertainties are market conditions and competition, including market interest rates, SoFi's ability to satisfy evolving member and technology platform client preferences or to keep pace with market trends, and risks relating to SoFi's business, including those described in periodic reports that SoFi files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and SoFi does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law. View source version on Contacts Investors SoFi Investor RelationsIR@ Media SoFi Media RelationsPR@
