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LIV Golf players lose antitrust suit against PGA Tour

Aug 12, 2022 23:06 pm UTC| Sports Law Economy Business

LIV Golf players Talor Gooch, Hudson Swafford, and Matt Jones have lost their antitrust suit against the PGA Tour for preventing them from competing in the FedEx Cup Playoffs. According to US federal judge Beth Labson...

Key parts of US laws are hard for the public to find and read

Aug 10, 2022 01:47 am UTC| Law

It happens in court cases from time to time: Lawyers and judges discussing the meaning of a law cant access the text they need to review. It happened in a federal court in Rhode Island in 2004 and in the Indiana Supreme...

As the FBI raids Mar-A-Lago, Donald Trump reaches for unconvincing historical parallels

Aug 10, 2022 01:38 am UTC| Insights & Views Law

These are dark times for our nation, former US President Donald Trump declared when he announced his mansion at Mar-A-Lago had been raided by FBI agents on Monday night Florida time. An assault like this could only take...

S. Korean knock-down car maker in India disputes court ban of ‘Hyundai’ name use

Aug 09, 2022 22:59 pm UTC| Law Economy Business

Hyundai Global Motors (HGM) disputed a recent Indian court ruling against its alleged trademark violation of Korean auto giant Hyundai Motor Co., claiming it acquired the naming rights through a legal contract. Hyundai...

Elon Musk files countersuit against Twitter over $44 billion deal

Jul 31, 2022 08:25 am UTC| Law Economy Business

Elon Musk escalated his legal battle with Twitter on Friday with a countersuit over his bid to walk away from the $44 billion purchase. Musks case was submitted hours after Chancellor Kathaleen McCormick of the Delaware...

UCLA, Under Armour end lawsuits over lucrative sportswear deal

Jul 29, 2022 23:44 pm UTC| Law Sports Economy Business

UCLA and Under Armour Inc. have dropped lawsuits against each other brought about by a reneged $280 million sports apparel deal in 2020. A lawyer for the UC Regents, acting on behalf of UCLA, had asked Santa Monica...

Sotheby's may be liable for missing diamonds worth $4 million, says court

Jul 26, 2022 23:30 pm UTC| Law Economy Business

A state appellate court ruled Sothebys may be liable for $4 million of disappeared diamonds after it allegedly released them to a stranger. After ML Financial had given the diamonds to Sothebys for appraisal in April...

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Economy

China Home Prices Fall Again in June Despite Slower Pace of Decline

Chinas new home prices continued to decline in June, highlighting the ongoing challenges facing the countrys property market despite signs that the pace of deterioration is easing. Official data released by the National...

US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions

U.S. consumer inflation likely eased in June, but economists say the slowdown may provide little relief for households or significantly reduce the likelihood of another Federal Reserve interest rate hike later this year,...

South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index

South Koreas KOSPI has entered a bear market after falling about 25% from its record high reached in late June, highlighting the sharp reversal of one of the worlds strongest equity rallies. Despite the decline, the...

Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data

The Japanese yen held steady on Tuesday as investors remained alert to the possibility of currency intervention from Tokyo, while most Asian currencies traded in narrow ranges ahead of closely watched U.S. inflation data...

China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts

Chinas exports and imports grew far more than expected in June, highlighting the resilience of the countrys trade sector as strong global demand for artificial intelligence (AI)-related products and technology goods helped...

Politics

Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure

The Trump administration is launching a new initiative to strengthen U.S. cybersecurity by bringing together leading artificial intelligence developers and operators of critical infrastructure to identify and address...

Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak

The Trump administration has imposed new travel restrictions on American citizens who have recently been in the Democratic Republic of Congo (DRC), preventing them from boarding commercial flights to the United States as...

Trump to Deliver National Address on 2020 Election Intelligence, Voting Machine Security

President Donald Trump is set to deliver a national address on Thursday night, outlining newly declassified intelligence related to the 2020 U.S. presidential election and discussing what the White House describes as...

Trump Says U.S. Strikes on Iran Will Continue Until Nuclear Deal Is Reached

U.S. President Donald Trump said Tuesday that the United States remains in direct contact with Iranian officials but warned that military operations against Iran will continue until Tehran agrees to a new deal, signaling...

Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak

The Trump administration has imposed new travel restrictions on American citizens in the Democratic Republic of Congo (DRC) as the country faces a worsening Ebola outbreak, according to a White House official. Under the...

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

Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside

Arm Holdings shares came under pressure after HSBC downgraded the semiconductor designer to hold from buy,arguing that the companys recent rally has already priced in much of its long-term artificial intelligence (AI)...

SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally

SK Hynix shares surged nearly 13% in Seoul on Wednesday, leading a broad rally in South Korean semiconductor stocks as easing U.S. inflation and renewed optimism over artificial intelligence (AI) memory demand boosted...

Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand

Yaskawa Electric Corp. (TYO:6506) shares extended losses for a second consecutive session on Tuesday after the Japanese robotics and factory automation company reported weaker-than-expected quarterly earnings, with...

Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion

Australias online safety regulator has warned that major technology companies, including Apple, Meta, Google, Microsoft and Snap, still have significant shortcomings in tackling child sexual abuse and the rising threat of...

SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan

SoftBank Corp (TYO:9434) announced on Tuesday a strategic partnership with AI startup Sierra to expand artificial intelligence-powered customer support services across its operations in Japan, marking another step in the...
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