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SpaceX: Elon Musk’s employee pleads guilty for selling insider trading information

Mar 19, 2021 08:45 am UTC| Business

A SpaceX engineer reportedly pleaded guilty of conspiracy to perpetrate securities fraud through selling insider information on the dark web. This is said to be the first case that was brought to the U.S. Securities and...

Adidas, Peloton teamed up for an exclusive new line of athletic apparel and lifestyle gear

Mar 19, 2021 08:04 am UTC| Business

Adidas and Peloton revealed their collaboration to create an exclusive new line of athletic apparel. The companies made the announcement on Thursday, March 18. The fitness and sports gear partnership deal As per...

SMIC: China’s top chipmaker obtains government funding for its $2.35 billion factory in Shenzhen

Mar 19, 2021 06:52 am UTC| Business

SMIC, or the Semiconductor Manufacturing International Corporation in China, revealed its plans to build a new plant in Shenzhen. The project will cost $2.35 billion, and it was reported that the government is willing to...

Google to build engineering hub in Durham and generate 1,000 jobs

Mar 19, 2021 06:30 am UTC| Business

Google announced on Thursday, March 18, that it is investing billions in growing its operations in the U.S. Part of the plan is to build an engineering center that will focus on cloud computing, and details about this have...

LG, SK battery patent preliminary ruling delayed by U.S. ITC

Mar 19, 2021 06:16 am UTC| Business

LG Energy Solution Ltd. and SK Innovation are in the middle of a legal battle concerning battery patents. Their cases are being handled by the U.S. International Trade Commission, and while some decisions were already...

Nike's 3Q revenue wanes due to shipping, store issues

Mar 19, 2021 04:06 am UTC| Business

Nike Incs third-quarter revenue rose to $10.36 billion from $10.1 billion, missing analysts expectations of $11.02 billion, due to shipping issues and a slump at brick-and-mortar stores. Investors were also disappointed...

S. Korea's 5G mobile users to sue SK, LG, KT over poor network quality

Mar 19, 2021 01:49 am UTC| Business

South Koreas 5G smartphone users are suing the countrys three major telecom operators at least a million won per user for spotty connection and the poor quality of the latest generation network. As of Thursday, around...

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Economy

Stock Market Update: Fed Holds Rates Steady as Tech Earnings and Geopolitical Tensions Shape Outlook

Wall Street ended mostly lower as investors reacted to the Federal Reserves decision to keep interest rates unchanged, a move that was widely expected but still influenced market sentiment. The SP 500 and NASDAQ Composite...

US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions

The United States-Iran conflict continues to intensify as President Donald Trump engages with oil executives to address the potential long-term impact of a U.S. naval blockade targeting Irans oil exports. The blockade,...

Gold Prices Dip Ahead of Fed Decision Amid Rising Middle East Tensions

Gold prices slipped on Wednesday as investors weighed ongoing geopolitical risks in the Middle East alongside expectations surrounding the Federal Reserves upcoming interest rate decision. Spot gold declined by 0.5% to...

Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions

Kevin Warsh, former Federal Reserve governor and U.S. President Donald Trumps nominee to lead the Federal Reserve, is expected to clear a critical step in the confirmation process as the Senate Banking Committee prepares...

Trump Urges Iran to Sign Nuclear Deal Amid Ongoing Conflict and Port Blockade

U.S. President Donald Trump has intensified pressure on Iran, urging its leadership to get smart soon and agree to a deal as tensions remain high following weeks of stalled negotiations. In a recent Truth Social post,...

Politics

US-China Talks Put Taiwan at Center of Rising Geopolitical Tensions

A high-stakes diplomatic meeting between the United States and China is drawing global attention, with Taiwan emerging as a central issue that could reshape regional stability. As U.S. President Donald Trump prepares for a...

Trump Considers Reducing U.S. Troops in Germany Amid NATO Tensions

U.S. President Donald Trump has signaled that his administration is reviewing a potential reduction of American troops stationed in Germany, a move that could reshape U.S. military presence in Europe and impact NATO...

US Proposes Maritime Freedom Construct to Secure Strait of Hormuz Shipping

The United States is urging allied nations to support a new international initiative aimed at safeguarding navigation through the Strait of Hormuz, a critical global shipping route that has recently experienced...

NYC Mayor Urges King Charles to Return Koh-i-Noor Diamond During U.S. Visit

New York City Mayor Zohran Mamdani has called on Britains King Charles III to return the historic Koh-i-Noor diamond to India, bringing renewed attention to long-standing debates over colonial-era artifacts. His remarks...

King Charles and Queen Camilla Honor 9/11 Victims During New York Visit Amid US-UK Tensions

King Charles III and Queen Camilla paid tribute to the victims of the September 11, 2001 terrorist attacks during a solemn visit to the 9/11 Memorial in New York City. The royal couple laid a floral arrangement at the site...

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

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

TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has officially divested its remaining stake in Arm Holdings, marking the end of its investment in the UK-based chip designer....

T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth

T-Mobile US Inc. (NASDAQ: TMUS) delivered a strong first-quarter performance, surpassing analyst expectations thanks to robust postpaid subscriber growth and rising service revenues. The wireless carrier reported adjusted...

Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook

Seagate Technology PLC (NASDAQ: STX) delivered impressive third-quarter results that surpassed Wall Street expectations, driving a sharp rise in its stock price. The data storage leader reported adjusted earnings per share...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...