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Private Equity Firms Eye Trend Micro in Potential $8.5B Buyout

Feb 13, 2025 05:40 am UTC| Technology Business Private Equity

Bain Capital, Advent International, EQT AB, and KKR are among private equity firms exploring a potential acquisition of Japanese cybersecurity giant Trend Micro (OTC:TMICY), which has a market value of 1.32 trillion yen...

China’s AI Stocks Surge as DeepSeek R1 Fuels Market Optimism

Feb 13, 2025 05:40 am UTC| Technology Business

Chinese technology stocks have surged since DeepSeek R1s launch in late January, boosting investor confidence in Chinas AI sector. The AI model, which competes with OpenAIs ChatGPT using older hardware and a lower budget,...

European Startups Advance EV Battery Recycling to Cut Costs and CO2

Feb 13, 2025 05:39 am UTC| Technology Business

Two European startups have achieved key milestones in electric vehicle (EV) battery recycling, a crucial step toward meeting upcoming EU regulations, reducing dependence on China, and cutting carbon emissions. From August...

X Settles Trump Lawsuit for $10M Amid Social Media Legal Battles

Feb 13, 2025 05:39 am UTC| Technology Law Politics

X Settles Trump Lawsuit for $10M Amid Social Media Legal Battles Elon Musks social media platform, X, has agreed to a $10 million settlement with U.S. President Donald Trump, according to the Wall Street Journal. This...

Senate Republicans Push to End EV Tax Credits, Impose New Fee

Feb 13, 2025 05:39 am UTC| Technology Politics Governance

Senate Republicans have introduced two bills targeting electric vehicle (EV) incentives, aiming to eliminate the $7,500 federal tax credit and impose a new $1,000 fee on EV purchases to fund road repairs. Led by Senator...

Elon Musk's $97.4B OpenAI Bid Clashes with His Lawsuit Claims

Feb 13, 2025 05:37 am UTC| Technology Business Law

Elon Musks attempt to acquire OpenAI for $97.4 billion contradicts his ongoing lawsuit against the AI company, OpenAI argued in a letter submitted to a U.S. federal court on Wednesday. Musk, who co-founded OpenAI as a...

Reddit Shares Drop 15% as Google Algorithm Change Impacts Traffic

Feb 13, 2025 05:37 am UTC| Technology Business

Reddits stock tumbled 15% in extended trading after missing Q4 market estimates for daily active unique visitors. The decline was attributed to a Google algorithm update that affected how often the platform appeared in...

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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...