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PepsiCo Uses Retailer Purchase Data to Drive Accurate Forecasting, Tackle Slumping Snack Sales

Oct 31, 2024 01:55 am UTC| Technology Business

In a bid to sharpen sales forecasts, PepsiCo is boosting data-sharing efforts with retailers, using shopper purchase data to adapt supply to market demand. The initiative comes as PepsiCos snack volumes decline, pressing...

Samsung’s AI-Led Profit Recovery Stumbles as Rivals Seize the Lead in Booming Chip Market

Oct 31, 2024 01:43 am UTC| Technology Business

Samsung Electronics reported a 9.2 trillion won third-quarter profit, reflecting growth yet slowing against fierce competition in the AI-driven chip sector. While rivals like TSMC and SK Hynix gain from surging AI demand,...

Digital Currency Revolution

Solana ETF Filed with SEC as Canary Capital Heats Up the Crypto Race with New Proposal

Oct 31, 2024 01:32 am UTC| Digital Currency Technology Business

Canary Capital has ignited the ETF race by filing with the SEC for a spot Solana ETF, aiming to offer investors streamlined access to SOL through brokerage accounts. This marks a major step, following similar bids by asset...

Digital Currency Revolution

Shiba Inu's 88.9 Trillion Sell Wall Threatens Price Rally—Can SHIB Break Through?

Oct 31, 2024 01:11 am UTC| Digital Currency Technology Business

An enormous sell wall of 88.9 trillion Shiba Inu (SHIB) tokens stands at a crucial resistance point, potentially stalling its price rally. As SHIB contends with slight losses, investors watch closely to see if it can...

Digital Currency Revolution

1.74B DOGE Moves to Robinhood as Whale Transfers Spark Fear of Dogecoin Sell-Off

Oct 30, 2024 23:50 pm UTC| Digital Currency Technology Business

The price of Dogecoin could face selling pressure after a whale transferred 1.74 billion DOGE to Robinhood in six separate transactions, signaling a possible profit-taking strategy amid the crypto markets latest...

Cybertruck to Hit Canada Next Week: Tesla’s First Canadian Deliveries Set for Nov. 5

Oct 30, 2024 23:30 pm UTC| Technology Business

Tesla is gearing up to launch the first Canadian Cybertruck deliveries on Nov. 5, marking a significant milestone in the rollout of its groundbreaking electric truck. Early deliveries will include the AWD foundation...

Xiaomi SU7 Ultra Makes EV History at Nürburgring, Leaving Porsche and Tesla in Its Dust

Oct 30, 2024 22:42 pm UTC| Technology Business

Xiaomis SU7 Ultra has rewritten Nrburgrings unofficial records, racing through the Nordschleife loop in 6:48.874 minutes. Outpacing the Porsche Taycan Turbo GT by nearly 20 seconds, Xiaomis prototype sedan made history...

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Economy

Trump Delays Tariffs on Critical Minerals, Seeks Global Supply Deals to Protect U.S. Security

U.S. President Donald Trump has decided, for now, not to impose tariffs on rare earths, lithium, and other critical minerals, choosing instead to pursue international negotiations aimed at securing stable supplies. The...

U.S. Oil Prices Slide After Trump Comments Ease Iran Supply Fears

U.S. oil prices declined sharply in early Asian trading on Thursday, falling by more than $1 per barrel as easing geopolitical tensions involving Iran reduced market fears of supply disruptions. The pullback came after...

Japan Firms Warn Economic Risks as China Ties Fray and BOJ Tightens Policy

More than two-thirds of Japanese companies believe the domestic economy will suffer as relations with China continue to deteriorate, according to a recent Reuters survey conducted by Nikkei Research. Nearly half of the...

Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions

Chevron is expected to receive an expanded Venezuela license from the U.S. government this week, a move that could significantly increase oil production and exports from the South American nation, according to multiple oil...

Japan Wholesale Inflation Slows as Fuel Costs Fall, BOJ Data Shows

Japans wholesale inflation growth eased toward the end of the year, signaling that falling fuel and crude oil prices are beginning to reduce cost pressures for businesses, according to the latest data released by the Bank...

Politics

Federal Judge Blocks Trump Administration From Cutting $80 Million in Minnesota SNAP Funding

A federal judge on Wednesday temporarily blocked the Trump administration from withholding roughly $80 million in federal funding used to administer Minnesotas Supplemental Nutrition Assistance Program (SNAP), commonly...

U.S. Schools Set to Bring Back Whole Milk After 15-Year Ban

U.S. children may soon see whole milk return to school cafeterias for the first time in nearly 15 years after President Donald Trump signed new legislation allowing schools to serve whole and reduced-fat milk alongside...

Trump Signs Executive Order to Prevent Long Island Rail Road Strike Affecting 300,000 Daily Commuters

President Donald Trump on Wednesday signed an executive order establishing a second emergency board aimed at preventing a potential work stoppage at the Long Island Rail Road (LIRR), a critical transportation system...

U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns

U.S. Treasury Secretary Scott Bessent has emphasized the importance of clear and well-communicated monetary policy during a recent meeting with Japanese Finance Minister Satsuki Katayama, as concerns grow over sharp...

U.S. Justice Department Sues to Block California Oil and Gas Buffer Zone Law

The U.S. Justice Department has filed a lawsuit seeking to block a California law that requires oil and gas drilling operations to maintain significant buffer zones from schools, homes, hospitals, and other community...

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

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...

Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities

Title: Taiwanese prosecutors have issued an arrest warrant for Pete Lau, the chief executive officer of Chinese smartphone maker OnePlus, accusing him of involvement in illegal business operations and recruitment...

Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive

Chinese artificial intelligence startup Zhipu AI has unveiled a new open-source image generation model, marking a significant milestone in Chinas push for technological self-reliance. The model, called GLM-Image, was...

Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules

The Trump administration has officially approved the sale of Nvidias H200 artificial intelligence chips to China, marking a major shift in U.S. export policy and reigniting debate over national security and global AI...