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PepsiCo's Tropicana Ditches' AI' to Underscore Natural Ingredients in Its Juice

Jan 10, 2024 08:59 am UTC| Business

PepsiCos Tropicana brand of orange juice drink announced it is removing the AI from its name. In its new marketing stunt, the company used the Artificial Intelligence (AI) trend to highlight the value and importance of...

Rent regulations are no silver bullet, but they would help make renting fairer

Jan 10, 2024 08:52 am UTC| Business Law Real Estate

Virtually every week brings news of rising rents or a story of still more renters forced out of their homes by unmanageable rent increases. The Australian Bureau of Statistics says rents climbed 6.6% in the year to...

Magazines were supposed to die in the digital age. Why haven't they?

Jan 10, 2024 08:52 am UTC| Business

In the classic comedy Ghostbusters (1984), newly hired secretary Janice raises the subject of reading, while idly flipping through the pages of a magazine. The scientist Egon Spengler responds with a brusque dismissal:...

Small-scale solar has key benefits, and one critical weakness, over large solar farms

Jan 10, 2024 08:51 am UTC| Business

A new study shows size matters in solar energy. The first ever life-cycle analysis comparing big and small solar photovoltaic systems has concluded that small-scale solar systems are in fact better for the environment than...

Rite Aid Granted Approval to Sell Elixir Solutions Pharmacy for $575M Amid Bankruptcy

Jan 10, 2024 08:08 am UTC| Business

Rite Aid, an American drug store chain, has been given the go ahead signal by the court for selling its Elixir Solutions pharmacy and services company. It has received the needed approval amid its ongoing restructuring...

Google Battles $1.67 Billion Lawsuit Over AI Patent Infringement

Jan 10, 2024 07:34 am UTC| Business Technology Law

Google is battling a lawsuit claiming it infringed patents related to processors used for artificial intelligence (AI) technology. Singular Computing, founded by Joseph Bates, seeks $1.67 billion in damages for allegedly...

Starbucks to Open New Stores Every Week to Reach 1,000 Outlets in India By 2028

Jan 10, 2024 07:33 am UTC| Business

Starbucks is betting big on India as it reveals its plans to open 1,000 stores in the country by the year 2028. This means the coffee chain is set to inaugurate two or three stores weekly. Starbucks India faces intense...

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Economy

Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets

Gold prices edged higher on Friday and headed for a weekly gain as weaker-than-expected U.S. retail sales further reduced expectations for a Federal Reserve interest rate hike in September. Spot gold rose 0.5% to $4,374.30...

S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint

The SP 500 closed lower on Friday, retreating from its latest record high as weakness in AI-related stocks and disappointing U.S. retail sales weighed on investor sentiment. The SP 500 fell 0.17% to 7,785.76, while the...

Trump Imposes New Tariffs on Drone Imports Over US Security Concerns

President Donald Trump has announced new tariffs on imported drones and drone components, citing national security concerns and the United States heavy dependence on foreign suppliers. Under a proclamation signed by Trump,...

Strait of Hormuz Shipping Near Standstill After New Vessel Attacks

Shipping through the Strait of Hormuz slowed to a near standstill on Friday after two more vessels were attacked, while the United States signaled it could maintain its naval blockade of Iran indefinitely. The disruption...

US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets

The U.S. dollar edged lower on Friday as weaker economic data prompted traders to scale back expectations for another Federal Reserve rate hike. Despite the decline, the greenback was poised to end a two-week losing streak...

Politics

US Presses Netanyahu to Condemn West Bank Settler Siege

The United States is urging Israeli Prime Minister Benjamin Netanyahu to publicly condemn militant Israeli settlers accused of besieging Palestinian families in Qusra, a village in the occupied West Bank, according to U.S....

Haftar Helps Broker Release of American Hostage Held by ISIS Affiliate

Libyan military commander Khalifa Haftar helped broker the release of an American hostage held by an Islamic State affiliate in West Africas Sahel region, according to four sources familiar with the negotiations. Kevin...

Israeli Troops Enter Palestinian Homes as Settler Siege Grips West Bank Village

Israeli troops took positions inside Palestinian homes in the occupied West Bank village of Qusra on Thursday as a settler siege left families trapped without electricity or water, according to the village mayor and...

Jared Kushner May Visit Israel for Gaza Talks Next Week

U.S. President Donald Trumps envoy and son-in-law, Jared Kushner, could travel to Israel next week for talks aimed at advancing the administrations Gaza peace plan, according to a source familiar with the matter. Axios...

Albanese Says AUKUS ‘Full Steam Ahead’ After Trump Call

Australian Prime Minister Anthony Albanese said the AUKUS defence pact remains full steam ahead following a lengthy phone call with U.S. President Donald Trump, as Canberra also pushes Washington for a complete exemption...

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

Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion

Alphabets early investment in SpaceX has delivered extraordinary returns, with the Google parents stake valued at roughly $94.2 billion at the end of June. The company originally invested $900 million in Elon Musks rocket...

Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover

Stripe and private equity firm Advent International reportedly offered to acquire PayPal for $60.50 per share in July, valuing the payments company at roughly $53 billion. PayPal rejected the proposal as too low, but...

J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth

J.P. Morgan upgraded SanDisk to Overweight from Not Rated and set a December 2027 price target of $2,250, citing stronger long-term growth prospects following the flash memory companys 2026 Investor Day in New York....

Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential

New Street Research has upgraded Micron Technology (NASDAQ: MU) to a Buy rating with a $1,250 price target, arguing that the semiconductor company is entering a fundamentally different memory cycle driven largely by...

Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears

Apple Inc. (NASDAQ: AAPL) has reportedly developed a large language model specifically for China in collaboration with Alibaba (HK: 9988), signaling a significant shift in the iPhone makers artificial intelligence strategy...