Nasdaq Has Worst Day Since 2022 as Tech Stocks Get Slammed
The Nasdaq Composite index experienced its sharpest downturn since December 2022 as tech stocks faced significant selling pressure, marking a stark contrast to the Dow's continued rise to record highs.
Aircraft Lessor SMBC Aviation Nears $7 Billion Deal For Rival Goshawk, Sources Say
SMBC Aviation Capital, one of the world's biggest aircraft lessors, is nearing a deal to acquire smaller rival Goshawk for about $7 billion, including debt, people familiar with the matter
Samsung Gets $6.4 Billion Grant to Ramp Up Chip Production in Texas
In a significant move aimed at fortifying the U.S. semiconductor industry, the Biden administration announced plans to allocate up to $6.4 billion in grants to South Korea's Samsung Electronics. The
Critical Warning: Gmail Users Targeted in Sophisticated Phishing Attacks
Cybercriminals are ramping up their tactics, combining phishing schemes with Gmail account compromises to exploit even the most cautious users. A recent high-profile case highlights how hackers manipulated Google’s security
Boeing Crewed Space Launch Postponed for Safety Inspection
Boeing's highly anticipated crewed space launch faced an eleventh-hour postponement just two hours before liftoff, as Nasa officials cited safety concerns that necessitated a thorough check. Astronauts Butch Wilmore and
Microsoft Promises Smoother PC Gaming With New Shader Delivery System
Microsoft has unveiled a major update to its Windows gaming ecosystem aimed at reducing one of PC gaming’s most notorious frustrations - long load times and in-game stuttering caused by
Pepsi Bottling Facility Fined $15K for Serious Workplace Safety Violations
Following inspections by the Indiana Occupational Safety and Health Administration (IOSHA), a Pepsi bottling facility in Indianapolis has been fined $15,600 for seven serious workplace safety violations. The violations, cited
Major Tech Firms Rally Behind Anthropic in Legal Clash With Trump Administration
Several of the United States’ largest technology companies have thrown their support behind artificial intelligence firm Anthropic as it challenges actions taken by officials in the administration of Donald Trump.
Facebook-Owner Meta to Nearly Double AI Spending
Meta Plans Sharp Increase In AI Investment, Signals Further Restructuring Meta Platforms is preparing to significantly raise its spending on artificial intelligence this year, nearly doubling its investment despite growing
Coca-Cola is Giving BodyArmor a Major Makeover in Hopes of Jump-Starting Sales
After Coca-Cola's $5.6 billion acquisition of BodyArmor in 2021, the sports drink brand was expected to rise to the top of the market, challenging Gatorade’s dominance. Yet, nearly four years
Tesla Sales Plunge Far More Than Expected
Tesla, the pioneering electric car company led by CEO Elon Musk, faced a significant decline in sales, marking its first annual drop since the onset of the pandemic, as competition
Apple is Now Worth $3 Trillion
Apple has once again achieved a remarkable milestone by becoming the only company ever to reach a market value of $3 trillion. On Friday, Apple's shares rose 1%, reaching a
Meta Announces Ambitious Plan to Acquire 350,000 Nvidia H100 GPUs for AI Development by 2024
In a recent Instagram post, Meta CEO Mark Zuckerberg revealed the company's strategic move to heavily invest in Nvidia hardware and other artificial intelligence (AI) initiatives before the close of
Nike Unveils Spooky “Halloween” Edition of Ja Morant’s Ja 3 Sneakers
Just weeks ahead of its official retail debut, Nike has unveiled a chilling new colorway of Ja Morant’s third signature sneaker - the Ja 3 “Halloween”. Dressed in an eye-catching
Italian Authorities Seize €121 Million from Amazon for Alleged Tax fraud and Worker Exploitation
Italian financial authorities have seized €121 million from Amazon's Milan branch following accusations of tax fraud and worker exploitation. The investigation, led by the Milan prosecutor's office, uncovered an alleged
Tinubu Hires Special Investigator to Probe CBN, Trace Stolen Funds
President Bola Tinubu has taken decisive action in the fight against corruption by appointing a Special Investigator to look into the activities of the Central Bank of Nigeria (CBN) and
Couple Unable to Sue Uber After Crash Due to Terms of Service Agreement
A New Jersey couple who sustained life-altering injuries in an Uber crash have been told they cannot pursue legal action against the company, as they are bound by Uber's Terms
Would You Buy Adidas’s N384,000 Running Shoes?
As the new marathon season approaches in September, Adidas AG, the luxury footwear brand, has revealed its latest contender in the super-shoe competition – the Adizero Adios Pro Evo 1.
NBC to Feature AI-Powered Al Michaels for Olympic Recaps
NBC will bring a unique twist to its Summer Olympics coverage by utilizing an artificial intelligence version of renowned sportscaster Al Michaels' voice for daily recaps. On Wednesday, NBC announced
Adidas and Kanye West Reach Settlement, Closing Years of Legal Disputes Over Yeezy Brand
Adidas and Kanye West, now known as Ye, have reached an out-of-court settlement, officially ending a prolonged legal standoff that began after the sportswear giant severed ties with the rapper
