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Digital Currency Revolution

Crypto.com buys South Korea’s OK-BIT crypto exchange

Aug 10, 2022 10:55 am UTC| Business Digital Currency Investing

Crypto.com, a Hong Kong-based crypto company, has acquired the South Korean exchange OK-BIT. The acquisition is said to be the first time that a foreign crypto business has purchased a Korean exchange. Crypto.com...

Domino’s Pizza withdraws business in Italy after seven years and Italians applauded

Aug 10, 2022 10:42 am UTC| Business Economy

Dominos Pizza, the American pizza restaurant chain established in 1960, is leaving Italy. The company is pulling out of the country after seven years of operation there. It was reported that Dominos Pizza made the...

Apple AR/VR headset shipments will be limited, and it could be unveiled as early as January 2023

Aug 10, 2022 08:59 am UTC| Technology Business

Apple is expected to ship its first AR/VR headset in early 2023. But its first generation is not expected to be as widely available as its other consumer tech products. TF International Securities analyst Ming-Chi Kuo...

Luckin Coffee is expanding stores, plans to return to the US market after accounting fraud controversies

Aug 10, 2022 08:53 am UTC| Business Economy

Luckin Coffee, the Chinese coffee company and coffeehouse chain that was founded in Beijing in 2017, is planning more store expansions. It is also mulling on making a comeback in the U.S. market after being forced to...

Lotte Chilsung to collaborate with startups to develop vegan beverages

Aug 10, 2022 08:30 am UTC| Business Economy

Lotte Chilsung Beverage Co., a leading beverage producer in South Korea, revealed that it would be teaming up with startups to develop and manufacture various vegan or plant-based drinks. The company is the beverage arm of...

Adidas releases Trae Young's McDonald's inspired shoes

Aug 09, 2022 23:32 pm UTC| Sports Economy Business

Adidas released its Trae Young 1 McDonalds colorway on its website and other select retailers, where fans can purchase for $140. Last month, Young tweeted a picture of himself lacing up a pair of the Adidas Trae Young...

New Balance taps Japanese fashion director Akio Hasegawa for debut of its 1906R

Aug 09, 2022 23:32 pm UTC| Life Sports Economy Business

New Balance has teamed up with renowned Japanese stylist and fashion director Akio Hasegawa to better commemorate the release of the 1906R. Hasegawa has created a series of visuals based on the theme of Past and...

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Economy

Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks

Canada is bracing for a new wave of 50% U.S. tariffs this week, raising concerns over job losses, weaker investment and fresh uncertainty surrounding the U.S.-Mexico-Canada Agreement (USMCA). U.S. President Donald Trump...

Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus

Wall Street closed lower Monday as investors stepped back following a record-setting week, while rising oil prices and persistent Middle East tensions weighed on market sentiment. The SP 500 fell 0.5% to 7,748.14, the...

Citadel Warns High Treasury Yields Pose Broader Market Risks

The Federal Reserves monetary policy strategy following the recent inflation surge is helping keep long-term US Treasury yields near multiyear highs, potentially creating wider risks across financial markets, according to...

Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz

Oil prices extended their gains Monday as escalating U.S.-Iran tensions over the Strait of Hormuz fueled concerns about global energy supplies and shipping disruptions. Brent crude futures for October delivery rose 2.5% to...

Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets

The U.S. dollar weakened against the euro and Swiss franc on Monday as softer economic data prompted traders to scale back expectations for another Federal Reserve interest rate hike. Concerns over U.S. economic growth...

Politics

Trump Says Kim Jong Un Responded to Outreach After US Scales Back South Korea Military Drills

U.S. President Donald Trump said Monday that North Korean leader Kim Jong Un has responded to his recent outreach, signaling renewed communication between the two leaders as Washington moves to reduce joint military...

Trump Says Iran Should Surrender as Nuclear Deal Talks Stall

U.S. President Donald Trump said Monday that Iran is unlikely to accept the agreement he considers necessary to end the war with the United States, insisting Tehran must surrender and abandon any path toward developing a...

Gérald Darmanin Backs Édouard Philippe for 2027 French Presidential Election

French Justice Minister Gérald Darmanin has thrown his support behind former Prime Minister Édouard Philippe for Frances 2027 presidential election, ruling out a potential bid of his own as the countrys...

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...

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

Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate

Anthropics annual revenue run rate surpassed $65 billion by the end of July, highlighting the artificial intelligence startups rapid expansion as it prepares for a potential initial public offering later this year. The...

Google to Buy Spirit Airlines Business Data for $10 Million to Train AI

Google, a subsidiary of Alphabet, has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and artificial intelligence training....

Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push

Alphabet, the parent company of Google, is preparing for its first-ever Australian dollar bond issuance as the U.S. technology giant explores new funding sources amid rapidly rising artificial intelligence investment. The...

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,...