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TikTok: ByteDance reportedly drops plans to sell to Oracle and Walmart

Feb 17, 2021 10:02 am UTC| Business

TikTok was previously reported to have a deal with Walmart and Oracle for possible acquisition. The sale was supposed to happen soon, but President Joe Biden put the negotiations on hold. The new POTUS wants to review...

Adidas is getting rid of Reebok and starts sale process

Feb 17, 2021 09:45 am UTC| Business

Adidas is finally selling its Reebok brand as its sales has been sluggish in recent years. The German sportswear manufacturer also decided to give up its subsidiary so it can solely focus on its own brand and compete with...

Citigroup can’t get back $500 million it mistakenly sent to Revlon: US Judge

Feb 17, 2021 08:51 am UTC| Business

Citigroup Inc. will be losing money after a U.S. judge ruled that it cannot retrieve the remaining $500 million it sent to Revlon by mistake. This case is about the incorrect wire transfer where the investment bank wired...

McDonald’s gets sued by Black franchisee over racial discrimination

Feb 17, 2021 07:27 am UTC| Business

McDonalds was sued by a Black franchise owner after alleging that he was treated unfairly. Herbert Washington, a former MLB player, claimed that the fast-food chain giant denied him the opportunity to purchase stores in...

Amazon: Investigation discovered fake reviews on products being sold in bulk

Feb 17, 2021 06:48 am UTC| Business

Amazon is said to be getting fake reviews on the products sold on its marketplace. Based on the report, the reviews are being sold in bulk and priced at 5 each. Reviews in exchange for money or goods The discovery of...

Australia revises drafted media laws to make Google and Facebook pay for news

Feb 17, 2021 06:21 am UTC| Business

Australia has been making new laws for tech companies like Google and Facebook to pay publishers for news. While the policy has not been finalized yet, it was said that the government will make few more changes in the...

Netflix's subscriber in South Korea skyrocketed during the pandemic

Feb 17, 2021 06:13 am UTC| Business

Netflix saw a surge in the number of subscribers in South Korea last year. The increase occurred at the height of the COVID-19 pandemic as lockdowns have been imposed. Netflixs new record in S. Korea As per Yonhap...

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Economy

Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season

Goldman Sachs has outlined three major themes investors should watch as Europes corporate earnings season approaches, warning that elevated market expectations could lead to stronger share-price swings if companies...

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026

JPMorgan has sharply lowered its near-term gold price outlook, citing weaker-than-expected demand from major buying sectors and growing uncertainty over U.S. monetary policy. The bank now expects gold prices to average...

Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears

Oil prices ended the week largely unchanged as investors weighed improving prospects for a lasting U.S.-Iran peace agreement against rising crude supply from the Middle East. Brent crude futures settled up 14 cents, or...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Politics

Trump Marks America’s 250th Anniversary With National Mall Rally Amid Political Divide

U.S. President Donald Trump is set to headline a major rally at Washingtons National Mall on Saturday as part of Americas 250th anniversary celebrations, concluding weeks of events that have sparked debate over the growing...

Trump Administration Proposes Repeal of 702 Federal Regulations in Major Deregulation Push

The Trump administration is moving forward with one of its largest deregulation efforts, proposing to eliminate 702 federal regulations across multiple government agencies as part of its latest semiannual regulatory...

Iran Holds State Funeral for Ali Khamenei as Security Fears Shape Succession

Millions of Iranians gathered in Tehran on Saturday for the state funeral of slain Supreme Leader Ali Khamenei, while authorities confirmed that his son and successor, Ayatollah Mojtaba Khamenei, would not lead funeral...

Trump Offers to Help Advance Ukraine Peace Talks in Call With Putin

U.S. President Donald Trump told Russian President Vladimir Putin that Washington remains ready to help advance efforts to end the war in Ukraine during a phone call that lasted nearly 90 minutes, according to Kremlin aide...

Kim Jong Un Oversees North Korea Destroyer Missile Tests, Orders Rapid Naval Deployment

North Korean leader Kim Jong Un supervised a series of weapons tests aboard the newly built naval destroyer Kang Kon, reinforcing Pyongyangs push to strengthen its maritime military capabilities, according to the Korean...

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

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...