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JPMorgan Chase slapped Tesla with $162M lawsuit over stock warrants

Nov 17, 2021 07:42 am UTC| Business Economy

JPMorgan Chase Co filed a lawsuit against Elon Musks Tesla Inc. on Monday, Nov. 15. Elon Musks company was sued for $162.2 million for alleged breach of contract related to stock warrants. According to Reuters,...

Google restores ties, investing big in Australia after shut down threat in January

Nov 17, 2021 05:12 am UTC| Business Economy

Google mended its ties with Australia after threatening to pull out earlier this year. Back in January, the American tech giant said it would remove its search engine from the country due to its attempt to make the company...

Starbucks offers Taylor Swift's Caramel Latte after release of Red album

Nov 17, 2021 03:31 am UTC| Life Economy Business

Starbucks had added Taylor Swifts favorite Caramel Nonfat Latte drink to the menu for the holidays to coincide with the release of the singers album, Red a newly-recorded reissue of her previously released fourth album...

Dallas Mavericks rewards game attendees with NFTs

Nov 16, 2021 21:46 pm UTC| Digital Currency Sports Economy Business

The NBAs Dallas Mavericks has begun issuing player profile pictures as non-fungible tokens (NFTs) that are given to fans as a reward for personally attending the game. Two weeks ago, the Mavericks, owned by billionaire...

S. Korean gaming firms Gamevil, NCSoft, Netmarble lean on NFT hype to boost share prices

Nov 16, 2021 20:10 pm UTC| Digital Currency Economy Technology

South Korean gaming firms that have revealed business plans to develop nonfungible tokens-based games enjoyed a spike in share prices. According to the stock market operator Korea Exchange, shares of Gamevil, a...

McDonald's found violating local Brazilian law over unisex toilet

Nov 16, 2021 16:31 pm UTC| Law Economy Business

A McDonalds restaurant in Brazil was ordered to install separate male and female toilets, in accordance with health regulations, after a scandal erupted over its unisex bathroom. In a viral video shot from inside the...

Tim Hortons, Justin Bieber collaborate for the release of new Timbiebs Timbits flavors

Nov 16, 2021 10:09 am UTC| Business Economy

Tim Hortons and Justin Bieber have teamed up to release the new Timbiebs Timbits, which consists of new flavors for the coffee chains donut holes treat. The Canadian company signed an exclusive partnership deal with the...

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Economy

Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears

Oil prices surged on Monday as renewed Houthi attacks on Saudi Arabia and escalating tensions around the Strait of Hormuz intensified concerns over Middle East supply disruptions. Brent crude futures jumped as much as 3.5%...

Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut

Saudi Arabia could run short of oil inventories available for export within days unless it restarts its critical east-west pipeline to the Red Sea, potentially removing about 4% of global oil supply, according to oil...

EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar

EUR/USD could climb back toward its summer highs near 1.17 if next weeks Federal Reserve decision sparks a sell the news reaction in the U.S. dollar, according to Citi strategists. However, geopolitical tensions and...

Central Banks Could Buy 20,000 Tonnes of Gold: BofA

Central banks may have significant capacity to continue buying gold even after several years of record demand, according to Bank of America (BofA). The bank estimates that institutions currently underweight in gold could...

UK Businesses Urge Government to Cut Electricity Levies

British businesses are pressing the government to remove levies from electricity bills as high energy costs put increasing pressure on energy-intensive sectors such as steel, chemicals and manufacturing, Bloomberg reported...

Politics

Sweden Election Puts Far Right and Centre Left in Tight Race

Swedish voters head to the polls on Sunday in a closely contested parliamentary election that could either bring the far-right Sweden Democrats into government for the first time or return the country to centre-left...

Russian Strikes Across Ukraine Kill Nine, Injure Dozens

Russian air strikes across multiple Ukrainian regions killed at least nine people and injured dozens on Saturday, damaging homes, businesses and critical infrastructure as attacks intensified away from the front lines....

Ukraine Prepares for October Peace Talks With Russia and US

Ukraine is preparing for a possible resumption of trilateral peace talks with Russia and the United States in October as diplomatic efforts to end the more than four-and-a-half-year war regain momentum. Kyrylo Budanov,...

Trump Backs United Ireland During Dublin Visit

U.S. President Donald Trump said he would love to see Northern Ireland unite with Ireland, breaking with the traditionally neutral position taken by previous U.S. presidents on the politically sensitive issue. Speaking...

BRICS Calls for Restraint as Middle East War Escalates

BRICS leaders unanimously adopted the New Delhi Declaration on Saturday, expressing deep concern over escalating tensions in the Middle East and calling for maximum restraint as fighting between the United States and Iran...

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

Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corp. (KEPCO) that would require the chipmakers to provide 25 trillion won ($18.7 billion) in upfront funding to secure electricity...

Hyundai Delays In-House ADAS, Turns to Nvidia

Hyundai Motor Group plans to introduce vehicles running its proprietary driver-assistance software in late 2029, delaying the technology by about two years as the South Korean automaker expands its partnership with Nvidia....

SpaceX Nasdaq 100 Weight Set to More Than Double

SpaceX is poised to receive a substantially larger weighting in the Nasdaq 100 later this month, potentially driving billions of dollars in purchases by passive investment funds that track the technology-heavy index....

Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1%

Agentic commerce still accounts for less than 1% of overall e-commerce activity, despite a wave of new AI shopping agents from Meta, Anthropic and other technology companies. Meta this week launched Muse, a personal AI...

OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety

OpenAI will not pursue an initial public offering in 2026 as the artificial intelligence company focuses on mounting safety and alignment challenges, CEO Sam Altman said in an interview with Fortune published Saturday....