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Johnson & Johnson Increases Talc Settlement Offer to Over $9 Billion Amid Legal Battles

Sep 05, 2024 19:41 pm UTC| Business Life Law

Johnson Johnson has added $1.1 billion to its talc settlement, raising the total to over $9 billion. The healthcare giant aims to resolve thousands of lawsuits alleging its talc products caused cancer. The settlement is...

Xi Jinping Pledges $50 Billion Financing and One Million Jobs for Africa at Beijing Summit

Sep 05, 2024 19:37 pm UTC| Business Economy

During Beijings largest summit since the pandemic, Chinese President Xi Jinping pledged over $50 billion in financing for Africa, alongside promises to create one million jobs. His address highlighted Chinas commitment to...

The Nike Ja 2 'Murray State' Features a Cut-Away Mesh Upper, Nike AF1 'Shanghai' Fuses Nubuck and Patent Leather

Sep 05, 2024 19:33 pm UTC| Business Life

The Nike Ja 2 Murray State features a unique cut-away mesh upper, offering a fresh take on Ja Morants signature line. Meanwhile, Nikes Air Force 1 Shanghai fuses nubuck and patent leather for a striking contrast, and is...

Wall Street Closes Slightly Lower Amid Weak Job Data and Fed Rate Cut Speculation

Sep 05, 2024 19:29 pm UTC| Business Economy

U.S. stocks ended slightly lower on September 4 following weak labor market data and Federal Reserve comments supporting a potential interest rate cut. The Dow rose marginally, while the SP 500 and Nasdaq dipped as tech...

Digital Currency Revolution

Bitcoin ATM Scams Surge: 600+ Machines Offline in Global Shutdown over Two Months

Sep 05, 2024 19:29 pm UTC| Digital Currency Technology Business

Over 600 Bitcoin ATMs were shut down across the globe in the first two months of Q3 2024, as authorities ramped up their efforts to combat scams and fraud in the cryptocurrency ATM industry. Over 600 Bitcoin ATMs...

Intel’s 18A Chip Technology Faces Setback After Broadcom Testing, Raising Concerns for 2025

Sep 05, 2024 19:26 pm UTC| Business Technology

Intels ambitious 18A semiconductor technology hit a roadblock after Broadcoms testing revealed concerns about its readiness for high-volume production. While Intel maintains its 18A process is on track for 2025, this...

NVIDIA Denies DOJ Subpoena Amid Stock Drop, Pledges Full Cooperation with Regulators

Sep 05, 2024 19:23 pm UTC| Business Technology

NVIDIA has denied receiving a subpoena from the U.S. Department of Justice following a significant stock drop on September 3. The company stated it has not been subpoenaed but is willing to cooperate fully with any...

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Economy

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns

Shares of major Japanese pharmaceutical companies fell sharply in early Tokyo trading on Friday after the launch of TrumpRx.gov, a new U.S. government-backed website offering discounted prescription medicines to American...

Politics

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

U.S. President Donald Trump reportedly offered to release frozen federal funding for the $16 billion Gateway Hudson River tunnel project in exchange for Democratic Senator Chuck Schumers support for renaming Washington...

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...