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Phoenix Suns and Mercury sold to mortgage lender Mat Ishbia

Dec 23, 2022 22:42 pm UTC| Sports Economy Business

Billionaire mortgage lender Mat Ishbia and his brother Justin have agreed to buy the majority stake of the NBA Phoenix Suns and the WNBA Phoenix Mercury including all of the majority owner Robert Sarvers interest US$4...

Google’s YouTube, NFL sign $2B deal for Sunday Ticket online streaming of games

Dec 23, 2022 10:09 am UTC| Business Economy

Googles YouTube and NFL have struck a partnership deal worth $2 billion this week. The companies agreed to team up to bring NFL Sunday Ticket to more viewers through YouTube TV and YouTube Primetime Channels. YouTube...

Microsoft and Activision Blizzard say Sony refused to accept ‘Call of Duty’ proposal in response to FTC’s lawsuit

Dec 23, 2022 10:01 am UTC| Technology Business

Microsoft and Activision Blizzard have responded to the lawsuit filed by the U.S. Federal Trade Commission that aims to block its $68.7 billion merger. It was revealed in the filing that Sony has refused to accept a...

Netflix reveals plans to open massive facility at former Army base in New Jersey

Dec 23, 2022 09:50 am UTC| Business Economy

Netflix said this week that it would be building a modern production facility using an investment of $900 million. The American subscription video-on-demand over-the-top streaming service and production company based in...

SsangYong Motor rebranded as KG Mobility for a new start under new management

Dec 23, 2022 09:47 am UTC| Business Economy

SsangYong Motor was recently acquired by a consortium led by the KG Group, and with the new management, it was announced that the company has been rebranded. The South Korean automobile manufacturer said it will now...

Digital Currency Revolution

NFT: LG displaying innovative shoe shelf with NFT shoes at CES 2023

Dec 23, 2022 08:06 am UTC| Business Digital Currency Investing

LG Electronics is participating in the upcoming Consumer Electronics Show (CES 2023), which is happening from Jan. 5 to Jan. 8 in Las Vegas. For this, the South Korean electronics firm is showcasing one of its innovative...

Cube Entertainment, Kakao Entertainment signs ₩80B deal for music distribution

Dec 23, 2022 07:08 am UTC| Business Economy

Cube Entertainment has partnered with Kakao Entertainment Corp. for music distribution. The talent agency and music production company revealed it has signed an ₩80 billion or $62 million contract with Kakao Corporations...

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Economy

Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand

Gold prices climbed on Monday as investors weighed weaker U.S. economic data against geopolitical tensions surrounding the Strait of Hormuz, while awaiting the Federal Reserves July meeting minutes for fresh signals on...

US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets

U.S. stock futures traded near the flatline during Asian hours on Sunday, with Wall Street sentiment supported by softer inflation data and a strong corporate earnings season following a third consecutive week of gains for...

Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated

Asian stocks traded mostly flat on Monday as investors monitored rising oil prices and persistent geopolitical tensions surrounding the Iran war and the Strait of Hormuz. Prospects for peace talks remain limited, while oil...

Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools

U.S. inflation showed further signs of easing in July, strengthening expectations that the Federal Reserve could keep interest rates unchanged through the end of the year. Morgan Stanley believes the latest inflation data...

Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict

Oil prices were little changed in early Monday trading as shipping activity through the Strait of Hormuz slowed sharply over the weekend, while the ongoing conflict between the United States and Iran showed no signs of...

Politics

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Lula Targets Brazil’s Gig Workers as Reelection Battle Takes Shape

Brazilian President Luiz Inácio Lula da Silva launched his final reelection campaign on Sunday in Sao Bernardo do Campo, returning to the stadium where his rise as a labor leader began nearly five decades ago....

Trump Envoys Hold Gaza Peace Talks in Cairo as Israeli Strikes Continue

U.S. President Donald Trumps envoys held talks with Egyptian, Qatari and Turkish mediators in Cairo on Sunday as diplomatic efforts intensified to advance Washingtons Gaza peace plan while Israeli airstrikes continued...

Migrants in Spain’s Ceuta Protest for Asylum, Refuse Return to Morocco

Hundreds of migrants in Spains North African enclave of Ceuta gathered on a popular urban beach on Sunday, calling on Spanish authorities to grant them asylum rather than return them to Morocco. The protesters are among an...

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

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...

Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support

Nvidia is doubling down on the artificial intelligence infrastructure boom with a plan to help mobilize as much as $500 billion in third-party capital, drawing participation from major financial firms including Apollo,...

Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says

Alphabet is increasingly shifting its artificial intelligence strategy toward commercialization, scale and long-term revenue growth, according to Goldman Sachs analysts. The investment bank said recent management changes,...

Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center

Nvidia is reportedly in discussions to invest up to $3 billion in SB Energy, a SoftBank Group-backed company developing a major AI data center campus in Ohio for OpenAI. According to a report by The Information, the...

U.S. Pressures Nations to Choose Sides in AI Race

The United States is preparing to pressure dozens of countries to choose between joining a U.S.-led artificial intelligence alliance or supporting Chinas competing AI framework, according to a U.S. official and an internal...