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Top sports brand Nike cuts sales forecast due to supply chain woes

Sep 25, 2021 23:26 pm UTC| Sports Economy Business

Nike has cut its sales forecast from low double-digit growth to mid-single digits due to supply chain problems that threaten to crimp sales for the next few quarters. The giant sportswear group expects its supply chain...

Nike, Adidas back in favor with Chinese consumers: survey

Sep 24, 2021 19:47 pm UTC| Economy Business

Nike and Adidas are again popular with Chinese consumers after both faced boycotts in March due to the Xinjiang region controversy, according to Citi Researchs survey in September. Citi had conducted a survey of 1,000...

Target plans to hire 100,000 seasonal workers for the holidays

Sep 24, 2021 10:00 am UTC| Business Economy

Target, one of the biggest retail firms in the United States, will be hiring more workers for this coming holiday season. The company said it is planning to hire 100,000 to fill seasonal job posts. Although the number...

NFT: Shakira, BossLogic collaborate to release her fantasy NFT collection

Sep 24, 2021 09:44 am UTC| Business Digital Currency

Shakira is one of the latest popular artists to launch their own NFT collection. The 44-year-old Colombian singer, who is often referred to as the Queen of Latin Music, announced via social media that her non-fungible...

NFT: Tupac Shakur commemorative non-fungible tokens to be released and sold via Kalamint NFT Marketplace

Sep 24, 2021 09:11 am UTC| Business Digital Currency

Tupac Shakur NFT series is set to be launched to celebrate his early years. The legendary hip-hop artist lived a short life, but it was remarkable, and this will be shown in the non-fungible tokens that will be sold via...

NFT: Neopets debuts its first NFT metaverse collection on Solana's Raydium

Sep 24, 2021 09:02 am UTC| Business Digital Currency

Neopets was first introduced in 1999 as a create-a-pet virtual game. It quickly became popular and has been a favorite hangout of kids and teens in that era. Now it is said to be looking to revive its popularity through...

Cryptocurrency: AMC may add Dogecoin in acceptable crypto payments in theaters

Sep 24, 2021 08:29 am UTC| Business Digital Currency

AMC, the American movie theater chain, suggested it may also be accepting Dogecoin as payment for tickets. The idea emerged after the firms chief executive officer, Adam Aron, opened a poll on Twitter to ask his followers...

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Economy

Trump Delays Tariffs on Critical Minerals, Seeks Global Supply Deals to Protect U.S. Security

U.S. President Donald Trump has decided, for now, not to impose tariffs on rare earths, lithium, and other critical minerals, choosing instead to pursue international negotiations aimed at securing stable supplies. The...

U.S. Oil Prices Slide After Trump Comments Ease Iran Supply Fears

U.S. oil prices declined sharply in early Asian trading on Thursday, falling by more than $1 per barrel as easing geopolitical tensions involving Iran reduced market fears of supply disruptions. The pullback came after...

Japan Firms Warn Economic Risks as China Ties Fray and BOJ Tightens Policy

More than two-thirds of Japanese companies believe the domestic economy will suffer as relations with China continue to deteriorate, according to a recent Reuters survey conducted by Nikkei Research. Nearly half of the...

Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions

Chevron is expected to receive an expanded Venezuela license from the U.S. government this week, a move that could significantly increase oil production and exports from the South American nation, according to multiple oil...

Japan Wholesale Inflation Slows as Fuel Costs Fall, BOJ Data Shows

Japans wholesale inflation growth eased toward the end of the year, signaling that falling fuel and crude oil prices are beginning to reduce cost pressures for businesses, according to the latest data released by the Bank...

Politics

Federal Judge Blocks Trump Administration From Cutting $80 Million in Minnesota SNAP Funding

A federal judge on Wednesday temporarily blocked the Trump administration from withholding roughly $80 million in federal funding used to administer Minnesotas Supplemental Nutrition Assistance Program (SNAP), commonly...

U.S. Schools Set to Bring Back Whole Milk After 15-Year Ban

U.S. children may soon see whole milk return to school cafeterias for the first time in nearly 15 years after President Donald Trump signed new legislation allowing schools to serve whole and reduced-fat milk alongside...

Trump Signs Executive Order to Prevent Long Island Rail Road Strike Affecting 300,000 Daily Commuters

President Donald Trump on Wednesday signed an executive order establishing a second emergency board aimed at preventing a potential work stoppage at the Long Island Rail Road (LIRR), a critical transportation system...

U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns

U.S. Treasury Secretary Scott Bessent has emphasized the importance of clear and well-communicated monetary policy during a recent meeting with Japanese Finance Minister Satsuki Katayama, as concerns grow over sharp...

U.S. Justice Department Sues to Block California Oil and Gas Buffer Zone Law

The U.S. Justice Department has filed a lawsuit seeking to block a California law that requires oil and gas drilling operations to maintain significant buffer zones from schools, homes, hospitals, and other community...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...

Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities

Title: Taiwanese prosecutors have issued an arrest warrant for Pete Lau, the chief executive officer of Chinese smartphone maker OnePlus, accusing him of involvement in illegal business operations and recruitment...

Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive

Chinese artificial intelligence startup Zhipu AI has unveiled a new open-source image generation model, marking a significant milestone in Chinas push for technological self-reliance. The model, called GLM-Image, was...

Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules

The Trump administration has officially approved the sale of Nvidias H200 artificial intelligence chips to China, marking a major shift in U.S. export policy and reigniting debate over national security and global AI...