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Kering Shares Plunge 10% as Gucci Profits Decline Amid Luxury Market Slowdown

Jul 25, 2024 20:27 pm UTC| Business

Kering SA shares fell 10% following a warning that profits could drop by 30% due to declining luxury demand and Guccis underperformance. Guccis revenue plummeted 19% in the second quarter, significantly exceeding analysts...

China Central Bank Surprises Markets with Second Unscheduled Rate Cut This Week

Jul 25, 2024 20:24 pm UTC| Business Economy

Chinas central bank surprised markets again this week with an unscheduled rate cut, issuing 200 billion yuan in one-year loans at significantly lower rates to stimulate the economy and address sharp stock market...

Spice Up Your Meal with Fatburger and Frank’s RedHot Nashville Hot Seasoning

Jul 25, 2024 20:19 pm UTC| Business

Fatburger is turning up the heat with the debut of new menu items featuring Franks RedHot Nashville Hot Seasoning. Available until December 31, 2024, at participating locations, these items offer a spicy twist on classic...

Create Taco Bell's Signature Flavors at Home with New Meal Kits

Jul 25, 2024 20:15 pm UTC| Business

Taco Bell is introducing new at-home meal kits, including the Loaded Nachos and Queso-Burrito Cravings Kits, enabling fans to recreate their favorite meals from the comfort of their kitchens. Taco Bells New At-Home Meal...

Adidas Unveils Deadpool & Wolverine Shoe Collection Ahead of MCU Release

Jul 25, 2024 20:11 pm UTC| Business

Adidas is set to release its Deadpool Wolverine shoe collection on August 1, featuring unique designs for each character. The collection includes two distinct colorways and coincides with the highly anticipated MCU film...

SearchGPT by OpenAI Set to Compete with Google’s Leading Search Engine

Jul 25, 2024 19:57 pm UTC| Technology Business

OpenAI announced its latest AI-powered search engine, SearchGPT, set to challenge Googles supremacy in the search engine market. Microsoft-Backed OpenAI Takes on Google On Thursday, OpenAI said that it is in the...

Budget airlines make money from extra charges, but savvy travellers benefit too

Jul 25, 2024 15:11 pm UTC| Business

If youre about to jet off on a summer flight, the chances of you having secured a bargain at this peak time of the year are slim. And as well as the cost of your tickets, you may have grudgingly paid various amounts on top...

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Economy

U.S. Blockades Strait of Hormuz as Oil Prices Surge Past $100

Oil prices climbed sharply in early Asian trading on Monday, with Brent crude jumping 8% to $102.93 per barrel after President Donald Trump announced that the U.S. Navy would begin blockading the Strait of Hormuz. The move...

U.S. Futures Plunge as Iran Ceasefire Talks Collapse and Hormuz Blockade Looms

U.S. stock index futures dropped sharply Sunday evening after ceasefire negotiations between Washington and Tehran broke down, raising fears of prolonged conflict and further disruptions to global energy markets. The...

Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions

Spanish Prime Minister Pedro Sanchez arrived in China on Monday for his fourth visit in four years, reinforcing Spains commitment to an independent foreign policy that has increasingly put him at odds with U.S. President...

BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook

BCA Research is cautiously optimistic about the recently announced U.S.-Iran ceasefire but is warning investors that the truce remains highly unstable. The firms chief geopolitical strategist, Matt Gertken, puts the odds...

U.S. Natural Gas Market Faces Short-Term Pressure but Long-Term Demand Surge

Wall Street analysts remain divided on the U.S. natural gas outlook, citing near-term price weakness alongside robust long-term demand fundamentals driven by LNG exports and growing global power consumption. Benchmark...

Politics

Peru Presidential Election 2025: Lopez Aliaga Leads Early Results

Early official vote counts from Perus presidential election reveal that right-leaning candidate Rafael Lopez Aliaga is currently ahead of the competition, securing 23.4% of the vote. With only 5% of ballots tallied so far,...

Trump Dismisses Iran Talks, Orders Strait of Hormuz Blockade

President Donald Trump signaled indifference toward renewed diplomacy with Iran on Sunday, telling reporters at Joint Base Andrews, I dont care if they come back or not, if they dont come back, were fine. His remarks...

Swalwell Drops California Governor Bid Amid Sexual Assault Allegations

California Democratic Congressman Eric Swalwell has suspended his gubernatorial campaign following sexual assault allegations and mounting pressure from fellow lawmakers and former staff members to resign from Congress...

U.S. Blockade of Strait of Hormuz Sends Oil Tankers Into Retreat

Oil tankers are diverting away from the Strait of Hormuz as the United States prepares to enforce a naval blockade beginning Monday morning, following the collapse of weekend peace negotiations between Washington and...

Trump Blasts Pope Leo as "Weak" Amid Foreign Policy and Immigration Disputes

United States President Donald Trump launched a sharp public attack against Pope Leo on Sunday evening, branding the Catholic Churchs leader as weak on crime and terrible when it comes to foreign policy. The outburst came...

Science

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

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 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...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...
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