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Wall Street's Safe Bets Collapse Amid Volatile Market and AI Disappointments

Aug 03, 2024 22:19 pm UTC| Economy Business

Wall Streets once-reliable strategies faltered as volatile markets and AI disappointments eroded investor confidence. The bond market signals a Federal Reserve policy error risk, highlighting economic uncertainty and...

Unlock Up to $9,500 Savings: Ford Revives UAW Discount for 2025 F-150 Lightning and Mustang Mach-E!

Aug 03, 2024 20:50 pm UTC| Technology Business

Ford is back with its UAW discount for the 2025 F-150 Lightning and Mustang Mach-E, offering electric vehicle buyers up to $9,500 in savings. A new United Auto Workers (UAW) discount was implemented this month for the...

Meta Offers Millions to Hollywood Stars Judi Dench and Awkwafina for Pioneering AI Voice Projects

Aug 03, 2024 20:38 pm UTC| Technology Business

Meta Platforms Inc. is offering multi-million dollar deals to Hollywood stars Judi Dench and Awkwafina for pioneering AI voice projects. Meta Finalizes AI Partnerships The parent firm of Instagram and Facebook, Meta...

Huawei's Kirin PC Chips: Bold Move to Adopt Unified Architecture, Rivaling Apple's M-Series

Aug 03, 2024 20:12 pm UTC| Technology Business

Huaweis bold move to adopt a unified architecture for its Kirin PC chips could challenge Apples M-Series, integrating SoC and DRAM for unmatched performance. Unified Memory Architecture Explained With the integration...

Coca-Cola to Pay $6 Billion in Back Taxes While Appealing IRS Court Ruling

Aug 03, 2024 05:30 am UTC| Business Law

Coca-Cola announced on August 2 that it would pay the IRS $6 billion in back taxes and interest while appealing a federal tax court decision related to disputed taxes from 2007 to 2009. Coca-Cola to Pay $6 Billion in...

Official Images of Nike Giannis Freak 6 'Roses' and 'Giannis Worldwide' Reveal Stunning New Design

Aug 03, 2024 05:20 am UTC| Business Life

Nike has released official images of the Nike Giannis Freak 6 Roses, which showcases a rose-themed design and introduces Giannis Worldwide branding. This sixth signature shoe of Giannis Antetokounmpo blends style and...

Celebrate the Olympics with Red Robin’s Gold Medal Burger and Star-Spangled Spritzer

Aug 03, 2024 05:16 am UTC| Business Life

Red Robin introduces the Gold Medal Burger and Star-Spangled Spritzer to celebrate the Olympic season. These limited-time items feature a three-patty burger and a red, white, and blue drink, available until September 8,...

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Economy

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns

Shares of major Japanese pharmaceutical companies fell sharply in early Tokyo trading on Friday after the launch of TrumpRx.gov, a new U.S. government-backed website offering discounted prescription medicines to American...

Politics

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

U.S. President Donald Trump reportedly offered to release frozen federal funding for the $16 billion Gateway Hudson River tunnel project in exchange for Democratic Senator Chuck Schumers support for renaming Washington...

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

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

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...