(Brands & Consumers)
In a bold move, adidas took a swing at rival Nike during the acceptance of the Shoe Of The Year award by its CEO from Footwear News, hinting at an impressive lineup in the works. The brand’s latest revelation, the Wonder Runner Pro, showcased by Sneaker News, is set to play a pivotal role in…
Renowned tech figure and the sixth richest person globally, Steve Ballmer, is poised to receive a substantial $1 billion in passive income from Microsoft in 2024. This windfall follows Microsoft’s decision to increase its quarterly dividend payout to 75 cents per share, amounting to $3 annually. As of the last ownership disclosure in 2014, Ballmer,…
In a recent development, Apple has swiftly resumed the sale of its latest Apple Watch models following a temporary block on a comprehensive import ban imposed by a federal appeals court. This move comes amid an ongoing patent dispute, allowing Apple to continue offering its advanced smartwatches to customers. The federal appeals court decision enables…
In a groundbreaking move, The New York Times has initiated legal action against OpenAI and Microsoft, accusing the tech giants of copyright infringement. The lawsuit contends that the companies unlawfully utilized millions of Times articles to train their artificial intelligence models, including ChatGPT, directly competing with The Times. The complaint, filed on Wednesday, marks the…
Global sportswear brand PUMA has given fans a sneak peek into the future of football boots with the launch of the all-new Future 7 FTR. This limited-edition release serves as a prelude to the official debut of the next generation of PUMA’s acclaimed Future football boot series. The Future line has solidified its position as…
Internationally renowned luxury brand Versace has officially opened its new boutique on Worth Avenue in Palm Beach. The 2,800-square-foot space at 243 Worth Ave. debuted last month, marking Versace’s seventh store in Florida. With existing locations in Miami, Bal Harbour, Sunrise, Boca Raton, and Orlando, the brand’s expansion into Palm Beach reflects a growing interest…
In a year dominated by advancements in artificial intelligence, Microsoft’s CEO Satya Nadella has been recognized as CNN Business’ CEO of the Year for 2023. Nadella’s strategic multi-billion dollar investment in AI, swift commercialization of AI tools like ChatGPT, and his adept crisis management have set him apart in the tech industry. Under Nadella’s guidance,…
The most recent Apple Watch models, the Series 9 and Ultra 2, have been pulled from shelves across the United States following the White House’s decision not to intervene and reverse a US International Trade Commission (ITC) ruling. The ruling, based on patent violations registered by medical device maker Masimo, prevents Apple from selling these…
Apple is grappling with a significant setback as it ceases the sale of its latest Apple Watch models, the Series 9 and Ultra 2, following a patent infringement case. The abrupt halt in sales, effective from December 21st, is a response to an import ban imposed by the US International Trade Commission (USITC), which ruled…
A federal judge has ruled that X, formerly known as Twitter, must proceed to face a lawsuit accusing the company of reneging on promised bonuses for its staff after being acquired by billionaire Elon Musk in October 2022. The judge dismissed X’s motion to dismiss the case, allowing the lawsuit to move forward. Employees of…
Japan’s renowned electronics giant, Toshiba, has officially delisted from the Tokyo Stock Exchange, closing a chapter that spanned 74 years and once symbolized the pinnacle of Japan’s electronic dominance. The downward spiral for Toshiba commenced in 2015 when revelations of accounting malpractices surfaced, uncovering a seven-year overstatement of profits amounting to $1.59 billion (£1.25 billion)….
New research from LendingTree has unveiled that Tesla owners face a higher likelihood of being involved in car accidents compared to drivers of other car brands. Analyzing data from 30 car brands based on tens of millions of insurance quotes between November 2022 and November 2023, the study reported that Tesla drivers experienced 23.54 accidents…
In a landmark development for the Nigerian music industry, Pepsi, a leading cola brand, and global music industry giant EMPIRE have joined forces to introduce the Pepsi Music Academy. This groundbreaking platform unveiled on a significant date, aims to discover, train, and showcase aspiring talents, ushering in a new era for young musicians in Nigeria….
TikTok, the viral short-form video platform that revolutionized social media, is embarking on a significant shift by encouraging creators to produce longer videos. Originally known for its one-minute clips that captivated users globally, TikTok will officially phase out its original “Creator Fund” and introduce the “Creativity Program Beta,” requiring creators to craft content exceeding the…
In its 14th year, the cryptocurrency industry faced a series of challenges, including scandals, fraud, bankruptcy, and regulatory disputes. Despite these hurdles, 2023 is being hailed as one of the best years for the crypto space, marked by resilience, notable wins, and the anticipation of positive developments. Bitcoin, the leading cryptocurrency, demonstrated its robust performance…
General Motors (GM) has temporarily suspended sales of its recently launched Chevy Blazer EV due to reported software-related issues encountered by some customers. Scott Bell, Vice President of Global Chevrolet, emphasized that addressing customer satisfaction remains the company’s top priority, leading to a brief pause in new deliveries. The automaker assured the public that the…
In a surprising turn of events, Tencent, a leading player in the global online gaming market, experienced a substantial market value loss of approximately $43.5 billion on Friday following the unveiling of new regulatory guidelines by China. The draft rules, presented by China’s National Press and Publication Administration, sent shockwaves through financial markets, impacting shares…
As concerns over iPhone thefts and subsequent identity thefts persist, Apple has introduced a new security feature in the upcoming iOS 17.3 beta. The anti-theft feature, known as Stolen Device Protection, aims to enhance the security of iPhones by restricting certain functions behind Face ID or Touch ID, providing an extra layer of defence against…
Renowned billionaire Len Blavatnik has decided to suspend donations to Harvard University through his family foundation, following what is described as President Claudine Gay’s problematic testimony before Congress. The move comes as Blavatnik urges Harvard to address concerns related to antisemitism on campus, with a specific focus on ensuring the protection of Jewish students. Blavatnik,…
In response to safety concerns raised by the National Highway Traffic Safety Administration (NHTSA), Tesla is recalling more than 120,000 vehicles in the United States over potential risks related to unlocked doors during a crash. The safety recall specifically applies to certain Model S and X vehicles manufactured between 2021 and 2023, as outlined in…
In a significant indication of shifting consumer behaviour and concerns over a slowdown in spending worldwide, Nike, a prominent economic indicator, has revised its revenue outlook downward for the year. The sportswear giant is now implementing substantial cost-cutting measures, aiming to achieve up to $2 billion in savings over the next three years, which will…
In a landmark case, an 18-year-old hacker linked to the notorious international group Lapsus$ has been handed an indefinite hospital order after leaking clips from the highly anticipated Grand Theft Auto 6 (GTA 6). Arion Kurtaj from Oxford, diagnosed with autism, played a pivotal role in Lapsus$’s cyberattacks on major tech entities like Uber, Nvidia,…
In a significant development, Boeing has successfully delivered a 787 Dreamliner directly to a Chinese airline for the first time since November 2019. The milestone marks a potential opening for further deliveries, including Boeing’s high-performing 737 Max, which has faced a halt in shipments to China for nearly five years. The Boeing 787-9, destined for…
In a surprising turn of events, Universal Studios has dethroned Disney in the animation realm, and their latest release, “Migration,” aims to solidify their newfound dominance. The comic tale, which opened last Friday, follows a family of New England ducks on an unexpected journey from their pond to New York City, with Universal anticipating a…
Adobe’s ambitious pursuit of a $20 billion acquisition of Figma, a rising star in web-based interface design, has come to an abrupt halt due to regulatory challenges in the European Union. The antitrust scrutiny, driven by concerns over market competition, proved insurmountable, leading Adobe to abandon its efforts to absorb its innovative competitor. Negotiations between…
In a surprising turn of events, a buyer of a new Tesla Model Y found themselves grappling with a $14,000 repair bill less than 24 hours after the purchase, shedding light on potential quality issues within the automaker. Shreyansh Jain recounted his ordeal to Reuters, revealing that his Model Y, acquired for $55,000 with only…
In an end-of-year message to Wayfair employees, CEO Niraj Shah has urged the workforce of the online furniture company to embrace longer work hours and integrate their professional and personal lives. Shah’s note, celebrating the company’s recent success, emphasizes the value of hard work and the fulfilment derived from tangible results. “Winning requires hard work….
In a significant move for English Premier League soccer club Manchester United, billionaire Sir Jim Ratcliffe, the British petrochemical tycoon, has successfully purchased a 25% stake in the renowned football club. The acquisition was officially confirmed by both Manchester United and Ratcliffe-controlled INEOS, a London-based multinational conglomerate. INEOS released a statement outlining that Ratcliffe would…
In the aftermath of Microsoft’s acquisition of Activision Blizzard King, Sony foresees a challenging future, projecting a significant financial setback of $1.5 billion by 2027. The tech giant perceives Microsoft’s strategic move as a potential game-changer that could propel it ahead of Sony in the fiercely competitive console market. Sony had vehemently opposed the merger…
Sony’s PlayStation 5 has achieved a significant milestone, surpassing the 50 million units sold mark since its launch in November 2020. The latest sales figures position the PS5 among the top 15 best-selling video game consoles of all time, with Sony Interactive Entertainment expressing confidence in its potential to eventually outpace its predecessor, the PlayStation…
In response to a potential safety concern, Toyota has issued a recall affecting approximately 1 million cars and SUVs in the United States. The recall is prompted by a defect that could lead to the failure of the passenger airbag to deploy in the event of a crash. The recall encompasses 15 different models from…
In a significant development for the media industry, Chief Executives David Zaslav of Warner Bros. Discovery and Bob Bakish of Paramount Global engaged in discussions about a possible merger between the two entertainment giants. The potential alliance, if realized, would bring together Warner Bros. and Paramount studios, along with prominent media assets such as CBS,…
In the aftermath of a ransomware attack on Insomniac Games, a Redditor has uncovered internal documents shedding light on the success of Sony’s former PlayStation exclusives after they transitioned to the PC platform. The leak, consisting of over 32 internal documents from Insomniac Games, unveils insights ranging from concept art to financial reports. One leaked…
Recent leaks from industry insiders suggest that Microsoft is contemplating breaking away from the traditional console release timeline and launching its next-generation Xbox earlier than anticipated. While both Sony and Microsoft have historically synchronized the release of their gaming consoles, new information hints at Microsoft deviating from this pattern, potentially introducing a new Xbox as…
Mercedes-Benz has broken new ground by adding a unique colour to its car lights, making turquoise blue the official hue for indicating when a Mercedes vehicle is operating in self-driving mode. This development comes after gaining approval exclusively in California and Nevada, the only states where Mercedes’ “conditionally autonomous” Drive Pilot technology is legally permitted….
In a landmark antitrust settlement, Google has committed to pay $700 million and introduce measures to foster more competition in its Play app store. Filed in federal court on Monday, the settlement resolves long-standing accusations that Google hindered competition through its app store terms and fees. Approximately 102 million U.S. consumers stand to benefit from…
In a bid to challenge Apple’s upcoming Vision Pro mixed reality headset, Samsung is reportedly accelerating the launch of its own mixed reality device, the ‘Galaxy Glass.’ Originally scheduled for the end of 2024, the South Korean tech giant is now aiming for an early release in the first half of next year, as per…
Chinese laptop manufacturer Zhanjiang Xinjuneng has introduced the REV-9, a powerhouse laptop that prioritizes raw computing power over sleek design. Touted as the first laptop featuring a 64-core CPU, the REV-9 boasts an AMD Epyc CPU, a full liquid cooling system, and a desktop-class RTX 4080, making it a formidable contender for users seeking unparalleled…
Amazon is gearing up to revolutionize internet connectivity in space through its Project Kuiper, deploying cutting-edge laser technology for satellite-to-satellite communication. The successful prototype tests have paved the way for Amazon to introduce a commercial-grade broadband service in space, with the constellation utilizing lasers to ensure a high-speed, error-free connection across the globe. In a…
In a landmark resolution, video game giant Activision Blizzard and the California Civil Rights Department (CRD) have reached a settlement in a gender discrimination lawsuit, amounting to approximately $54 million. This settlement ranks as the second-largest negotiated by the CRD, underscoring the gravity of the allegations. The lawsuit, filed two years ago, accused Activision Blizzard…
In celebration of pop art legend Roy Lichtenstein’s 100th birthday and his impactful contribution to the Art Car program, BMW M Motorsport and Puma have collaborated on a limited-edition clothing collection. The exclusive ensemble draws inspiration from Lichtenstein’s renowned 1977 BMW 320i Turbo racer, a distinctive Art Car that left an indelible mark on the…
As the year concludes, investors are contemplating their investment strategies for 2023, seeking a balance between stability and returns. While the iconic beverage giant Coca-Cola (KO) offers a renowned brand and stability, questions arise about its ability to deliver substantial returns compared to broader market options. Coca-Cola’s reputation as a quality enterprise is rooted in…
Ride-hailing giant Uber is set to make waves on Wall Street as it joins the prestigious S&P 500, reaching a new 52-week high last week in anticipation of its debut in Monday trading. Uber’s inclusion in the S&P 500, announced by S&P Dow Jones Indices on December 4, reflects the company’s remarkable turnaround under CEO…
PepsiCo, the global food and beverage giant, is set to invest $13 million in a state-of-the-art production line at its soft drinks factory in Dragomirești, Romania, as part of the company’s ambitious development plans for the region. The investment aims to install a “modern, fully-automated production line” at the facility in northern Romania, significantly enhancing…
Golf enthusiasts who have witnessed Tiger Woods donning Nike gear for the past 27 years may have witnessed an iconic era coming to a close. The golf legend’s enduring partnership with Nike, particularly highlighted by his famous red and black Sunday outfit, faces uncertainty as his current deal with the athletic giant is set to…
TikTok, the platform that gained immense popularity for its short-form video content during the Covid-19 pandemic, is causing a stir among creators as it transitions toward longer video formats. The move marks a departure from its original short-form approach that set it apart in the social media landscape. Starting this Saturday, TikTok will phase out…
As Apple gears up for 2024, the tech giant is set to significantly emphasise its wearables business, signalling a shift away from the traditional iPhone-centric approach. Among the key areas of attention is the popular AirPods lineup, which has prompted the company to address potential confusion among consumers. Mark Gurman of Bloomberg highlights the need…
The divisive Evolved Suit worn by Miles Morales in Marvel’s Spider-Man 2 has been a focal point of discussion among fans, but recent revelations have clarified that the controversial design was primarily crafted by Insomniac rather than Adidas, debunking previous assumptions. In the final stages of Spider-Man 2, Miles Morales undergoes a significant costume change…
Volkswagen, once poised to lead the electric vehicle (EV) market, is facing significant challenges as it falls behind Tesla and emerging Chinese competitors. Initial ambitions to become the top manufacturer of battery-powered vehicles by the mid-2020s have not materialized, with the Volkswagen Group, including Audi and Porsche, selling less than half of Tesla’s 1.31 million…
General Motors (GM) is set to cut approximately 1,300 jobs across two of its Michigan plants, the Orion Assembly and Lansing Grand River Assembly, according to WARN notices filed with state regulators. The job reductions, scheduled for the new year, follow GM’s October announcement of delaying the production of electric pickup trucks until 2025. The…
