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DJI Drone Ban Faces Renewed Scrutiny Through Senate Defense Bill Amendment

Jul 31, 2024 07:27 am UTC| Business

Drones manufactured by Chinas DJI face renewed regulatory scrutiny in the US. A Senate amendment, citing national security concerns, aims to incorporate the DJI drone ban into the National Defense Authorization Act. This...

Tesla Recalls 1.85 Million Vehicles in US Over Unlatched Hood Software Issue

Jul 31, 2024 07:24 am UTC| Business Technology

Tesla is recalling 1.85 million vehicles in the United States due to a software issue that may fail to detect an unlatched hood, posing a potential safety risk. The recall affects several models and follows an over-the-air...

Calbee Partners with Pegasus Tech Ventures to Integrate AI into Snack Production

Jul 31, 2024 07:21 am UTC| Business Life

Calbee, a leading Japanese potato chip manufacturer, is partnering with Silicon Valleys Pegasus Tech Ventures to integrate artificial intelligence into its snack production processes. This collaboration aims to develop...

BOJ Considers Rate Hike to 0.25% Amid Rising Inflation and Wage Growth

Jul 31, 2024 07:17 am UTC| Business Economy

The Bank of Japan is considering a policy interest rate hike to 0.25% at its July 31 meeting. This potential increase aims to combat rising inflation and wages, signaling a move toward normalizing monetary policy. Bank...

McDonald's Pilots Big Arch Burger in Three Markets Amid Menu Enhancements

Jul 31, 2024 07:13 am UTC| Business Life

McDonalds is piloting the Big Arch burger in three international markets as part of its ongoing efforts to improve its menu. The new burger, featuring two beef patties, crispy garnishes, tangy sauce, and melted cheese,...

Microsoft Q4 Revenue Rises 15% Amid Cloud Strength, Xbox and Surface Decline

Jul 31, 2024 07:10 am UTC| Business

Microsoft reported a 15% revenue increase to $64.7 billion in Q4, driven by solid cloud performance. Despite this growth, Xbox and Surface revenue continued to decline, highlighting the tech giants mixed...

Starbucks Revenue Drops 1% Due to Decreased Traffic in US and China

Jul 31, 2024 07:05 am UTC| Business

Starbucks reported a 1% revenue decline from April to June, attributing the drop to reduced consumer traffic in the United States and China. CEO Laxman Narasimhan remains optimistic, citing new products and efficiency...

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Economy

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Politics

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

U.S. Shifts Strategy Toward Economic Pressure With Venezuelan Oil Quarantine

The White House has directed U.S. military forces to focus almost exclusively on enforcing a quarantine of Venezuelan oil for at least the next two months, signaling that Washington is prioritizing economic pressure over...

Democratic Governors Urge Trump Administration to Lift Halt on East Coast Offshore Wind Projects

Four Democratic governors have formally urged the Trump administration to reverse its recent suspension of five offshore wind projects along the U.S. East Coast, arguing that the move is politically motivated and...

Kim Jong Un Oversees Missile Test Amid Rising Korean Peninsula Tensions

North Korean leader Kim Jong Un has overseen the test-firing of long-range surface-to-air missiles near the countrys east coast, according to a report by state media outlet KCNA. The missile test, conducted on Wednesday...

U.S. Urges Acceptance of Honduras Election Results as Nasry Asfura Declared President-Elect

The administration of U.S. President Donald Trump has called on all political actors in Honduras to accept the official outcome of the countrys recent presidential election, following the declaration of victory for Nasry...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...