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Fanatics Adds Live Events Business Unit in Collaboration with IMG Investment Firm

Jul 14, 2023 10:19 am UTC| Business Economy

Fanatics Inc., a US-based manufacturer and online retailer of licensed sportswear, sports collectibles, trading cards, sports merchandise, and non-fungible tokens (NFTs), revealed its plans to launch its own live events...

Mohegan Inspire Brings Michael Jordan's Steakhouse to South Korea

Jul 14, 2023 10:19 am UTC| Business Economy

Michael Jordans Steakhouse is opening its doors to customers in South Korea soon. The restaurants launch in the country was made possible via the collaboration of the US-based Cornerstone Restaurant Group and Mohegan...

Former Toptec CEO Sentenced to 3-Year Prison Term for Leaking Samsung's Proprietary Tech to China

Jul 14, 2023 09:52 am UTC| Law Economy Business

The Korean Supreme Court has affirmed a three-year prison sentence for a former CEO of tech firm Toptec following his conviction for divulging Samsung Display Co.s pivotal 3D lamination technology to Chinese firms in...

Monster Beverage Corp. Wins Approval to Acquire Rival Bang Energy for $362M Amid Bankruptcy Battle

Jul 14, 2023 09:48 am UTC| Life Economy Business

Monster Beverage Corp. has been granted court approval to acquire Bang Energy for $362 million, ending the rivals litigation in Chapter 11 bankruptcy, Bloomberg reports. The decision, while still pending Federal Trade...

Hanssem Replaces CEO, Names Eugene Kim as New Chief to Deal with Performance Crisis

Jul 14, 2023 09:42 am UTC| Business Economy

Hanssem Co. Ltd., a Korea-based company that makes and sells home furniture, just replaced its chief executive officer to improve the companys performance. It appointed Eugene Kim to lead the group and work on increasing...

Domino's Pizza Group Taps Andrew Rennie as New CEO After Eliad Diaz Sese Steps Down

Jul 14, 2023 09:41 am UTC| Business Economy

Dominos Pizza Group names seasoned industry veteran Andrew Rennie as its new CEO, succeeding Eliad Diaz Sese, who will transition to a non-executive director role. Rennie, known for his successful stint in Dominos major...

Chipotle Pilots 'Autocado' Robot for Guacamole Production Amid Industry Labor Shortages

Jul 14, 2023 09:37 am UTC| Business Economy

Chipotle Mexican Grill Inc. has partnered with Vebu Labs to test Autocado, a robot designed to automate guacamole preparation. In an effort to streamline operations and combat labor shortages, the Autocado could...

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Economy

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

Wall Street finished a light-volume, post-Christmas trading session nearly unchanged on Friday, as investors found little fresh news to drive strong market conviction. After a solid five-session rally, all three major U.S....

Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

Argentinas Congress has approved the countrys 2026 national budget, marking the first budget bill passed by legislators since President Javier Milei assumed office in late 2023. The budget was approved on Friday by a vote...

U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light

U.S. stocks were mostly unchanged following the Christmas holiday, as subdued trading activity and thin volumes defined the session ahead of a shortened New Years trading week. With many global markets still observing...

Politics

FBI to Permanently Close Hoover Building, Relocate Headquarters to Reagan Building

FBI Director Kash Patel announced Friday that the agency will permanently shut down its historic headquarters, the J. Edgar Hoover Building in Washington, D.C., marking a major shift in the bureaus long-discussed...

Mark Carney Reaffirms Canada’s Support for Ukraine as Peace Talks With Russia Gain Momentum

Canadian Prime Minister Mark Carney held a phone call with Ukrainian President Volodymyr Zelenskyy on Friday to discuss the latest developments in ongoing peace negotiations between Ukraine and Russia, according to a...

Zelenskiy to Meet Trump in Florida as Ukraine-U.S. Peace Framework Nears Completion

Ukrainian President Volodymyr Zelenskiy is set to meet U.S. President Donald Trump in Florida on Sunday to discuss key territorial issues and security guarantees as negotiations aimed at ending the war in Ukraine enter a...

Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis

Lebanons cabinet has approved a controversial draft law aimed at addressing the countrys prolonged financial crisis, a move seen as a critical step toward unlocking long-awaited international financial support. The...

Zelenskiy to Meet Trump to Advance Ukraine Peace Talks and Security Guarantees

Ukrainian President Volodymyr Zelenskiy announced on Friday that he plans to meet with U.S. President Donald Trump on Sunday as part of ongoing efforts to bring an end to Russias war in Ukraine. The high-level meeting is...

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 and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

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...