(Brands & Consumers)
Meta’s newly-launched Threads app attracted 30 million users 24 hours after it was launched, according to Mark Zuckerberg, the CEO of Meta, who described the app as a “friendly” competitor to Twitter, owned by Elon Musk since October; experts believe Threads could appeal to dissatisfied Twitter users due to recent changes on the platform. “Wow,…
Hong Kong stocks suffered their worst day in four months on Thursday, with the Hang Seng (HSI) Index dropping 3%, the largest decline since March, as a result of Goldman Sachs downgrading major Chinese banks due to local government debt risks and the US Federal Reserve’s hawkish outlook. Financial shares led the sell-off after Goldman…
Meta, the parent company of Facebook, has launched its latest app, Threads, in a direct challenge to Twitter’s real-time conversation space. The app, which bears many similarities to Twitter in terms of layout and features, aims to provide a platform for real-time conversations and connecting with like-minded people. Meta CEO Mark Zuckerberg expressed his vision…
The rivalry between Mark Zuckerberg and Elon Musk escalates as Zuckerberg’s Meta teases Threads, a new app challenging Twitter’s real-time conversation space, set to launch on Thursday.Threads, resembling Twitter, emphasizes conversations, building a following, and connecting with like-minded people, according to the App Store description. The App Store description of the app offers a clear…
“Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting,” reports CNN. According to the French business association, MEDEF, the riots, sparked by the fatal shooting of a teenager by a police officer, have caused…
“The Federal Aviation Administration (FAA) has certified for testing a vehicle that a California startup describes as a flying car — the first fully electric vehicle that can both fly and travel on roads to receive US government approval,” reports Alef Automotive. According to Alef Automotive, their vehicle/aircraft called the “Model A” is unique as…
An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries, court filings showed. Sydney-based private company Facilitate Corp on June 29 filed the suit in the United States District Court for…
With just five words, a recent tweet from Kraft Heinz sparked a bit of a debate about how you should store your ketchup. “FYI,” began the tweet from the United Kingdom-based branch of the food and beverage company. “Ketchup. Goes. In. The. Fridge!!!” Kraft Heinz, whose ketchup is among its popular condiments, shared the heavily…
Saudi Arabia and Russia announced Monday that they would make additional cuts to oil supply as a global economic slowdown hangs over the outlook for energy demand. “Saudi Arabia will extend a cut of 1 million barrels a day in its oil production at least until the end of August,” said the world’s biggest exporter…
BYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles. Between April and June, BYD (BYDDF) sold more than 700,000 vehicles, almost double the number sold in the same quarter last year and setting a new quarterly record. On Sunday, Tesla (TSLA) announced it had achieved…
The tragic passing of the legendary Kobe Bryant, his daughter Gigi, and the helicopter crew in 2020 sent shockwaves through the world. As fans mourned the loss of the basketball icon, there was an unprecedented surge in demand for his sneakers. Finding a pair of Kobe sneakers at a reasonable price became nearly impossible. The…
The largest tobacco manufacturers will be required to prominently display warning signs about the dangers of cigarette smoking in over 200,000 stores across America startinon July 1, 2023. This was revealed by a representative from a consortium of anti-smoking groups, which marks the final major milestone in a lawsuit initiated by the Justice Department against…
Jack in the Box has introduced a temporary pop-up restaurant in Inglewood, California, themed after iconic rapper Snoop Dogg, but contrary to expectations, the menu will not feature gin and juice. Operating exclusively during the July Fourth holiday weekend, the San Diego-based fast-food chain’s pop-up restaurant, named Dogg in tha Boxx, will be open until…
San Francisco’s Bar Crenn has officially introduced cultivated chicken, made from lab-grown cells, to its menu, marking a milestone in the cultivated meat industry; however, the chicken cannot be ordered by walk-in customers. Upside Foods and Good Meat, two companies recently granted approval by the US Department of Agriculture, will begin producing and selling their…
United CEO Scott Kirby has issued an apology to customers and employees after facing backlash for taking a private jet while the airline was in the midst of canceling numerous flights. The airline confirmed that Kirby flew privately from Teterboro Airport in New Jersey to Denver, Colorado, during a week when United faced significant disruptions….
Alfa Romeo’s surprising top-ranking in JD Power’s Initial Quality report, released last week, challenges its reputation for excitement over trouble-free ownership, indicating a larger turnaround among multiple auto brands, including all Stellantis brands, thanks to effective processes implemented by the parent company. This breakthrough urges car shoppers to reconsider overlooked brands, as Stellantis’ Dodge and…
Twitter users in multiple countries encountered difficulties accessing the social media platform on Saturday, leading to widespread outages and delays. The hashtags “#TwitterDown” and “Rate Limit Exceeded” quickly became top trending topics in the US, with over 40,000 tweets about the issue by Saturday noon. Reports of the outages started surfacing around 8 am EST,…
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 record price of $191.34. With 15.7 billion shares outstanding, this surge in stock price propelled Apple to its historic market value. Although Apple had briefly…
This is the electrifying moment a bolt of lightning struck an American Eagle plane full of passengers moments after it landed during a storm in Arkansas. The Embraer E175 was waiting for the storm to pass before travelling to the gate when the terrifying flash of electricity blasted the aircraft yesterday afternoon. The cameraman, named…
The US Securities and Exchange Commission (SEC) has filed charges against a former Pfizer employee and his friend for engaging in insider trading based on confidential information about the success of Pfizer’s Paxlovid Covid antiviral drug trial. The US Attorney’s Office of the Southern District of New York has also separately charged Amit Dagar, the…
In response to the increasing demand for transparency in artificial intelligence, Meta has unveiled a range of tools and information designed to help users understand how AI influences the content they see on its apps. The social media giant has introduced nearly two dozen explainers that focus on various features of its platforms, including Instagram…
In a significant funding initiative, the World Bank has sanctioned $700 million in budgetary and welfare support for Sri Lanka, marking the largest tranche of financial assistance for the crisis-stricken country since the International Monetary Fund (IMF) agreement in March. Out of the total funds, approximately $500 million will be allocated for budgetary support, while…
OpenAI, the organization responsible for the widely-known ChatGPT tool, is facing a lawsuit accusing the company of stealing and misusing substantial amounts of personal data obtained from the internet to train its AI models. The proposed class action lawsuit, filed in a California federal court, asserts that OpenAI covertly scraped and appropriated vast quantities of…
Multiple departing staffers confirmed this week that National Geographic, the renowned magazine that has documented the wonders of the natural world for over a century, laid off its remaining staff writers. The exact number of staff members affected by the recent layoffs remains unclear, but these cuts come as parent company Walt Disney Co. undergoes…
Pepsi, known for being a popular beverage accompaniment to hot dogs, is breaking tradition with its latest creation, “Pepsi Colachup,” a condiment infused with Pepsi. Developed in collaboration with the Culinary Institute of America, this limited-edition sauce aims to enhance the flavor of hot dogs by incorporating the rich caramel notes and citrusy pop of…
Diageo, the spirits maker, has terminated its 15-year partnership with Sean “Diddy” Combs, following a recent racial discrimination lawsuit and allegations of neglect and underpromotion of his DeLeón tequila, which he claimed was labeled as an “urban” product in marketing. Diageo, based in London and known for brands like Smirnoff and Johnnie Walker, countered the…
Ford is anticipating layoffs of engineers and other employees in North America as it transitions towards producing more electric vehicles, aligning with its Ford+ growth plan introduced in 2021. The specific number of employees affected has not been confirmed by the company. The decision to adjust staffing aligns with Ford’s strategy to prioritize focused goals,…
Sony opted for plastic material in the construction of the WH-100XM4 headphones, weighing 254g, while Apple used premium materials for the AirPods Max, resulting in a weight of 385g.However, Apple seems to have overlooked this lesson when it comes to the $3,500 Apple Vision Pro “spatial computer,” which is reported to be on the heavier…
According to a regulatory disclosure, Nancy Pelosi’s husband, Paul Pelosi exercised approximately $2.6 million worth of Apple and Microsoft stock options this month. The filing indicates that Paul Pelosi, marked as “SP” for spouse, purchased 5,000 shares of both Apple and Microsoft stocks on June 15 by exercising 50 call options acquired on May 24,…
If you have ever visited an Apple Retail Store, you have probably noticed that the employees have an iPhone that works as a point of sale (PoS). So far, this system runs on an iPhone XS, but Apple will soon replace these devices with brand new iPhone 14s to make the job a little easier….
British ultra-luxury sports car manufacturer Aston Martin has partnered with California-based electric luxury car startup Lucid Group, whereby Lucid will supply electric motors and battery systems for Aston Martin’s upcoming electric vehicles. Aston Martin aims to release its first fully electric model by 2025 and has Saudi Arabia’s Public Investment Fund as its largest shareholder,…
Leading African payments technology company, Flutterwave has announced it is working with Microsoft to build its next generation platform on Microsoft Azure, powering payments infrastructure across the African continent and beyond. Through this engagement, Flutterwave will support the accelerated growth of transactions processed on Flutterwave platform for global clients like Uber, Netflix, and Microsoft, solidifying…
James Crown, a billionaire businessman and former board member of JPMorgan Chase, has died in a racing accident in Colorado. The accident occurred at Aspen Motorsports Park in Woody Creek, Colorado, when Crown collided with an impact barrier in a single-vehicle crash, according to The Colorado Sun.Crown, who turned 70 on the same day, held…
Toyota, known for pioneering lean car manufacturing, now faces the challenge of catching up to electric vehicle leaders like Tesla, which has found success in producing EVs efficiently and profitably. Tesla’s unconventional approach to both factories and vehicle designs has surpassed Toyota’s traditional methods, prompting Toyota’s deputy chief of global production, Yoshio Nakamura, to acknowledge…
Bentley, the renowned British luxury car brand, is entering the world of electric vehicles (EVs) with its first pure electric car, equipped with advanced self-driving technology. The electric Bentley will feature Mobileye’s SuperVision system, consisting of 11 cameras, also to be used in Porsche’s upcoming Macan EV, allowing for partial autonomous driving on highways with…
Shaquille O’Neal, a towering presence in the NBA, struggled to find shoes that fit his size 22 feet until Reebok and their Shaq Attaq line came along. After seven years, Shaq left Reebok and turned down a $40 million deal to pursue making more affordable shoes, eventually finding a partner in TOMS. TOMS’ “buy one,…
Nike is reportedly eyeing Vitor Roque to become Barcelona’s new No.10 after Lionel Messi rejected a return to the club. The sportswear brand aims to boost shirt sales, which declined after Ansu Fati inherited the iconic jersey following Messi’s departure in 2021. Barcelona’s president and director are looking to relieve Fati of the pressure associated…
Amazon, Hilton Hotels, Adecco, and Microsoft are among the companies pledging to hire or provide career support to 5,000 Ukrainian and other refugees in Europe, in an effort to assist those fleeing persecution. The global number of forcibly displaced individuals has reached a record high of 110 million.Margaritis Schinas, Vice-President of the European Commission, expressed…
Bitcoin has reached its highest level in about a year, surpassing $31,400 per coin before retracing some gains. This surge follows Bitcoin trading above $30,000 for the first time since April, when investor confidence was shaken by the collapses of Silicon Valley Bank and Signature Bank. Bitcoin has experienced an 87% increase in value this…
Pizza Hut announced that it served its signature dish to select customers in the New York City subways as a promotion for the upcoming film “Teenage Mutant Ninja Turtles: Mutant Mayhem.” The underground deliveries, available for a limited time, aimed to celebrate the Turtles’ love for pizza and pay homage to their origins while adding…
The US Consumer Product Safety Commission has announced the recall of 7.5 million Baby Shark bath toys following reports of injured children. Zuru LLC, the California-based company that imports these products from China, is recalling 6.5 million full-size Robo Alive Junior Baby Shark Sing Swim Bath Toys and 1 million mini-size Robo Alive Junior Mini…
Nikola, a startup specializing in electric and hydrogen-powered semi trucks, reported in a tweet that several of its trucks were damaged in a fire at its Phoenix, Arizona headquarters. The company suspects foul play, as a vehicle was spotted in the vicinity of the affected trucks before the incident, and an investigation is currently underway….
As the federal government searches for better funding options for the health sector, global businessman, Mr Bill Gates, has said his foundation will commit $7 billion to Africa in the next four years to support routine immunisation in Nigeria and the Global Polio Eradication Initiative in Northern Nigeria. Also, business mogul, Alhaji Aliko Dangote has…
According to a lawsuit filed on behalf of employees, Twitter did not fulfill its commitment to pay annual bonuses to staff following its acquisition by Elon Musk, despite assurances made by executives prior to the deal’s completion. The lawsuit, seeking class action status, was filed by former senior director of compensation Mark Schobinger and estimates…
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the company of using deceptive user interface designs to trick consumers into signing up for its Prime subscription service and making it difficult for them to cancel their memberships. The complaint alleges that Amazon employed manipulative and coercive user-interface designs known as “dark…
The corporate landscape in Nigeria is witnessing a significant shift as women continue to rise to the top ranks of leadership in prominent companies. Breaking the long-held norm of male-dominated boardrooms, these exceptional women are proving their mettle as successful CEOs and earning top-tier compensation. In this article, we will highlight the highest-paid female CEOs…
Former Nissan chairman Carlos Ghosn has filed a lawsuit against the company for over $1 billion, as revealed in a copy of the lawsuit seen by Reuters and filed with Lebanon’s public prosecutor. The lawsuit, filed on May 18, accuses Nissan, two other companies, and 12 individuals of various crimes, including defamation, slander, libel, and…
Tesla CEO Elon Musk expressed his intention to invest in India “as soon as humanly possible” following a meeting with Indian Prime Minister Narendra Modi in New York. Musk emphasized Modi’s interest in India and the push for significant investments from Tesla, stating that they are determining the right timing for the move. While Musk…
Gannett, the largest newspaper publisher in the US, has filed a lawsuit against Google, claiming that the tech giant has a monopoly over the digital ad market. The lawsuit was filed in a New York federal court, and Gannett is seeking unspecified damages, arguing that Google and its parent company, Alphabet, control the buying and…
Reddit is facing a potential data leak as hackers from the BlackCat ransomware gang threaten to release 80 gigabytes of confidential data stolen during a February breach, with demands for payment and withdrawal of a controversial pricing policy. The hackers claim to have demanded a $4.5 million payout in April for deleting the data and…
