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Tue, May 19, 2026 02:26 AM All times are UTC

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Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Mar 26, 2026 04:14 am UTC| Business Technology

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Mar 26, 2026 03:51 am UTC| Business Technology

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

9 Tips for Avoiding Tax Season Cyber Scams

Mar 26, 2026 03:34 am UTC| Business

Accountants and IRS agents arent the only ones who see a spike in workload during tax season: its also one of the busiest times of the year for scammers. Every year, Americans lose almost $4.5 billion to tax fraud. Rates...

Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share

Mar 26, 2026 02:49 am UTC| Business

Henkel AG Co (ETR:HNKG) is reportedly in advanced acquisition discussions with Olaplex Holdings (NASDAQ:OLPX), with a potential deal expected to close within days, according to a Bloomberg report citing insiders familiar...

Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production

Mar 26, 2026 02:35 am UTC| Business

Lynas Rare Earths Ltd (ASX: LYC) has entered into a framework agreement with LS Eco Energy Ltd to establish a rare earth metal production facility in Vietnam, marking a significant step in the companys effort to scale up...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Mar 26, 2026 02:33 am UTC| Business Technology

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence

Mar 26, 2026 02:28 am UTC| Business Law

A worker injured in a Monday night explosion at Valero Energys Port Arthur, Texas refinery has taken legal action against the company, filing a lawsuit in Jefferson County District Court in Beaumont, Texas on Wednesday....

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Economy

Australian Consumer Sentiment Improves Slightly as Fuel Prices Ease

Australias consumer sentiment showed a modest recovery in May as lower fuel prices offered temporary relief to households facing ongoing financial pressure. The Westpac-Melbourne Institute Consumer Sentiment Index...

Dollar Slips as Bond Market Stabilizes Amid Iran Tensions and Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as the global bond market sell-off showed signs of slowing, while investors remained cautious over ongoing geopolitical tensions between the United States and Iran. The U.S. Dollar Index,...

New Zealand Budget 2026: Government Plans Major Public Service Job Cuts Ahead of Election

New Zealands government is preparing deep public sector spending cuts as it aims to strengthen its economic reputation before the countrys closely contested November 2026 election. Finance Minister Nicola Willis announced...

Asian Markets Waver as Trump Delays Iran Strike, Oil Prices Retreat

Asian stock markets traded cautiously on Tuesday as investors reacted to U.S. President Donald Trumps decision to postpone a planned military strike on Iran, easing fears of an immediate escalation in the Middle East...

Japan Economy Beats Q1 Forecasts Despite Iran War Energy Shock

Japans economy expanded faster than expected in the first quarter of 2026, driven by resilient exports and steady consumer spending, even as rising oil prices and the escalating Middle East crisis threaten future growth....

Politics

Bessent Urges G7 to Strengthen Iran Sanctions Amid U.S.-China Talks

U.S. Treasury Secretary Scott Bessent announced on Monday that he plans to encourage G7 finance ministers to strengthen and maintain a coordinated sanctions regime aimed at cutting off funding tied to Irans military...

Rick Fox Appointed to Bahamian Senate After Election Loss

Former NBA champion Rick Fox has officially joined the Bahamian Senate after being appointed by the opposition Free National Movement (FNM). The announcement came shortly after Fox failed in his campaign to secure a seat...

Trump-Backed “Rededicate 250” Event Sparks Debate Over Religion and Politics in America

A major faith-based event supported by the Trump administration drew thousands of attendees on Sunday, celebrating Americas religious heritage while also triggering criticism over church-state separation and lack of...

Samsung Faces Major Strike Threat as Union Restarts Pay Talks

Samsung Electronics and its South Korean labor union resumed government-mediated wage negotiations on Monday in an effort to prevent a large-scale strike that could disrupt the global semiconductor supply chain. The...

G7 Finance Ministers Meet in Paris Amid Global Trade and Economic Tensions

Finance ministers from the G7 nations gathered in Paris on Monday to address rising global economic tensions, supply chain risks, and critical mineral dependence as geopolitical divisions continue to challenge the groups...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission

A U.S. jury has ruled that OpenAI is not liable in a lawsuit brought by Elon Musk, marking a major legal victory for the artificial intelligence company. The verdict was delivered Monday in a federal court in Oakland,...

Samsung, Union Edge Closer to Deal as Strike Threat Looms

Samsung Electronics and its South Korean labor union are reportedly making progress in negotiations aimed at preventing what could become the largest strike in the companys history. According to a report from Yonhap...

Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest AI model, Mythos, with members of the Financial Stability Board (FSB),...

TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower

Shares of Vanguard International Semiconductor (TWO:5347) dropped sharply on Monday after Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to reduce its ownership stake in the chipmaker. Vanguard shares...

CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge

Changxin Memory Technologies (CXMT), Chinas leading memory chip manufacturer, expects first-half revenue to climb between 110 billion yuan and 120 billion yuan ($17.62 billion), according to its updated IPO prospectus. The...