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Wed, Sep 30, 2026 05:28 AM All times are UTC

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Lordstown Motors closes $230 million acquisition deal with Foxconn

May 12, 2022 11:39 am UTC| Business Economy

Lordstown Motors announced that it has closed its asset purchase agreement deal with Foxconn, which is also known as Hon Hai Precision Industry Co., Ltd. The American electric vehicle automaker sold its Ohio plant to the...

Moderna’s CFO leaves company just two days after appointment

May 12, 2022 09:59 am UTC| Business Economy

Moderna appointed Jorge Gomez as its new chief financial officer in April, and it was revealed that he also left his position just two days into the role. The American pharmaceutical and biotechnology company based in...

Nike accuses StockX of selling counterfeit sneakers, Marketplace responds by denying allegations

May 12, 2022 09:24 am UTC| Business Economy

Nike filed a lawsuit against the online marketplace, StockX in February, and this was recently modified to include a complaint related to the sale of fake Nike shoes. The sneaker and sports apparel company is questioning...

POSCO investing $20 billion in its quest to be world’s top EV materials player and topple Chinese rivals

May 12, 2022 09:22 am UTC| Business Economy

POSCO, a South Korean steelmaking giant, is investing $20 billion or around ₩25 trillion in an effort to become the no. 1 EV materials company in the world by the year 2030. The company is also aiming to beat its Chinese...

AMC beats estimates with massive profits as moviegoers return to watch ‘Doctor Strange,’ ‘The Batman’

May 12, 2022 08:53 am UTC| Business Economy

AMC Theaters reported a very strong revenue turnout for the first quarter, and it apparently beat the estimates. The company said that its sales for Q1 are more than five times higher compared to the same period last...

Philip Morris buying Swedish Match tobacco firm

May 12, 2022 08:04 am UTC| Business Economy

Philip Morris International, the maker of Marlboro cigarettes, is buying Swedish Match, a Swedish multinational tobacco company headquartered in Stockholm. The latters share price soared in mid-morning trade on Tuesday...

Mondelez ditching Trident, Dentyne gum brands to focus on Cadbury, Oreo, Toblerone

May 12, 2022 07:59 am UTC| Business Economy

Mondelez International Inc. is selling its gum brands, including Trident and Dentyne. The American multinational confectionery, food, beverage, and snack food company headquartered in Chicago, Illinois, revealed its plans...

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Economy

Oil Prices Slide as Middle East Flows Recover

Oil prices fell sharply on Tuesday, touching their lowest levels in nearly a week as recovering Middle East crude exports outweighed continued uncertainty surrounding U.S.-Iran diplomacy. Brent crude futures for December...

Japan Factory Output Unexpectedly Falls 1.7% in August

Japans factory output unexpectedly declined in August, missing market expectations and highlighting continued pressure on the countrys manufacturing sector, according to government data released Wednesday. Industrial...

US Alcohol Ban Exposes Canada’s Internal Trade Barriers

A new US ban on many Canadian alcohol imports is putting fresh pressure on Canadas brewers, distillers and winemakers, but provincial trade barriers are making it difficult for producers to replace lost American sales at...

US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds

U.S. stocks ended slightly lower Tuesday, recovering from deeper losses as Treasury yields retreated from multi-decade highs following dovish comments from a Federal Reserve policymaker. Renewed enthusiasm around...

Trump Eyes $54 Billion South Korean Investment in Alaska LNG

President Donald Trump could announce as early as Wednesday that his administration plans to direct South Koreas strategic investment fund toward several major U.S. projects, including roughly $54 billion for the proposed...

Politics

TSA Removes Chairs for Airport ID Check Officers

The U.S. Transportation Security Administration is removing chairs from airport security checkpoints, meaning TSA officers checking passenger identification will no longer be able to sit while performing the task. The...

US Appeals Court Keeps Trump IRS Case Sanctions in Place

A US appeals court on Tuesday declined to immediately halt sanctions stemming from President Donald Trumps $10 billion lawsuit against the Internal Revenue Service, leaving a federal judges restrictions in effect while the...

UN Condemns Myanmar Airstrike That Kills 50 in Rakhine

The United Nations has condemned a deadly Myanmar military airstrike in Rakhine state that reportedly killed 50 people and wounded at least 58 others near the border with Bangladesh. UN spokesperson Stephane Dujarric said...

US Sanctions Iran Weapons Procurement Network

The United States imposed new sanctions on 13 individuals and entities on Tuesday, targeting an international network accused of helping Iran acquire weapons, military equipment and critical components. The measures,...

UN Extends Haiti Security Force Mandate Ahead of Elections

The United Nations Security Council voted Tuesday to extend the mandate of the international Gang Suppression Force (GSF) in Haiti for another six months as the country prepares for its first elections in a decade amid...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

Technology

Robinhood Launches AI Agents for Automated Trading

Robinhood Markets is expanding its artificial intelligence capabilities with the launch of Robinhood Agents, a new feature designed to help retail investors analyze markets, develop trading strategies, and execute trades...

Google Pays Publishers for AI Search Content in New Pilot

Google is reportedly paying around 100 digital publishers to provide content for its artificial intelligence-powered search features, marking a notable change in the technology giants longstanding relationship with online...

Trump, Tech Leaders Sign ‘Morally Binding’ AI Safety Accord

President Donald Trump and executives from major technology companies signed a voluntary artificial intelligence agreement in Washington on Tuesday, establishing a set of principles intended to guide the development and...

Apple CEO John Ternus Plans Major Overhaul

Apple Inc. (NASDAQ: AAPL) CEO John Ternus is reportedly moving quickly to reshape the technology giant, launching a broad organizational overhaul just weeks after taking the top job. His strategy focuses on speeding up...

TD Cowen Starts SpaceX at Buy, Sees AI Compute Driving Growth

TD Cowen initiated coverage of SpaceX (NASDAQ: SPCX) with a Buy rating and a $200 price target, pointing to artificial intelligence computing as a major near-term growth engine alongside the companys expanding space...