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China's exports boom as companies race against Trump tariffs
HONG KONG -- China's robust export engine is expected to pump out a new record this year, driven partly by a wave of American clients rushing to hoard Chinese goods under the threat of higher tariffs from U.S. President-elect Donald Trump. Wu Zhiqiang, CEO of Shenzhen Lingke Technology, a lighting…
Published: 2024-11-27 06:39:24
Stock market today: Asian shares are mixed after Wall St records despite tariff talk
Shares are mixed in Asia after U.S. stocks rose to records despite President-elect Donald Trump’s latest talk about tariffs, which caused only ripples on Wall Street
Published: 2024-11-27 06:39:29
How Did MicroStrategy Sell $3 Billion of Zero-Rate Debt? Option Volatility is Key
Published: 2024-11-27 06:39:34
Poland, France join forces against EU-Mercosur trade deal
In today’s edition of the Capitals, find out more about Poland and France joining forces against the EU-Mercosur trade deal, G7 states backing a ceasefire in the Middle East, and so much more.
Published: 2024-11-27 06:39:56
Bulgaria on verge of holding eighth election in just four years
Bulgaria is headed for an eighth general election in just four years as the country continues to grapple with a severe political crisis, with Boyko Borissov (EPP), leader of the largest party GERB, announcing on Tuesday that he did not want to become prime minister and "take care of this broken…
Published: 2024-11-27 06:39:40
Analysis-Black Friday: online marketing costs jump in bidding war with Temu and Shein
By Helen Reid LONDON (Reuters) - Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few…
Published: 2024-11-27 06:28:41
Analysis-Investors cling to crash protection despite sizzling US stock market rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Demand for options protection against an equity market crash is rising, even as a post-election rally takes U.S. stocks to record highs. Worries over the possibility of a contested election dissipated following President-elect Donald Trump’s victory…
Published: 2024-11-27 06:28:25
You're buying fat new servers to save energy and make room for AI hardware, claims Dell
But PCs and Nvidia are weak points, because you’re not buying one and can't buy the other Dell believes its customers are consolidating server fleets to save energy and free up rack space for AI hardware – and has a giant jump in revenue to to prove it.…
Published: 2024-11-27 06:39:37
Brazilian lawmaker proposes national bitcoin reserve to hedge economic risks
A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation’s financial assets.
Published: 2024-11-27 06:39:41
Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk's EV Giant Races To 500K Q4 Delivery Target
Tesla Inc. (NASDAQ:TSLA) on Tuesday revamped its referral program across North America, as it looks to race to its delivery target of 515,000 vehicles in the fourth quarter. What Happened: Tesla's updated referral program includes enhanced discounts and rewards, with specific incentives for the…
Published: 2024-11-27 06:39:32
European Commission approves Portugal’s 2025-2028 budget plan
The European Commission announced on Tuesday that Portugal's medium-term budgetary plan, which sets targets for public spending between 2025 and 2028, aligns with the EU's new fiscal rules and allows for a "sound budgetary situation" over the period. "In terms of the average growth in net…
Published: 2024-11-27 06:28:53
WalletConnect launches first airdrop season with 50 million tokens allocated to community members
WalletConnect rolled out the eligibility checker for the first season of its airdrop, allowing users to stake tokens for governance.
Published: 2024-11-27 06:28:26
'Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success
A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First" economic agenda. Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the…
Published: 2024-11-27 06:28:45
France's far-right propped up the weak government. But could now bring it crashing down
France's government is hanging by a thread with the far-right National Rally party threatening to bring down Prime Minister Michel Barnier's administration by the end of the year. National Rally's figurehead Marine Le Pen suggested Monday that talks with Barnier, aimed at extracting concessions on…
Published: 2024-11-27 06:28:47
This personal finance educator says budgeting is ‘toxic’ — try ‘intuitive’ spending instead
If you're trying to stay on top of your spending, you might have logged your finances in a spreadsheet, tracked every dollar, and created a strict spending plan, but one expert says budgeting like this can be "toxic." Dana Miranda, a certified personal finance educator, is the author of "You Don't…
Published: 2024-11-27 06:28:36
Asia-Pacific trades mixed after Australian CPI data
Asia-Pacific markets were mixed in Monday's afternoon trading as investors digested the latest inflation data from Australia for October. The consumer price index showed a monthly increase of 2.1% com...
Published: 2024-11-27 06:28:36
Asia-Pacific mostly higher after Australian CPI data
Asia-Pacific markets were mostly higher in Monday's afternoon trading as investors digested the latest inflation data from Australia for October. The consumer price index showed a monthly increase of ...
Published: 2024-11-27 06:39:38
Monetary Policy in Response to Tariff Shocks
Yves here. This post discusses the widespread assumption that if Trump moves forward with his plan to impose across-the-board tariffs on America’s three biggest trade partners, that will be inflationary and the Fed will be forced to respond via increasing interest rates. This article contends that…
Published: 2024-11-27 06:28:19
European Commission approves Spain’s new fiscal plan
The European Commission on Tuesday approved the fiscal plan submitted by Spain in mid-October to clean up the country's public accounts over the next seven years and comply with the deficit and debt limits set by EU rules. Spanish public broadcaster RTVE reported that the Brussels executive said…
Published: 2024-11-27 06:28:35
What Black Friday’s history tells us about holiday shopping in 2024
What Black Friday’s history tells us about holiday shopping in 2024 What Black Friday’s history tells us about holiday shopping in 2024 NEW YORK (AP) — The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week. The…
Published: 2024-11-27 06:18:01
Disney agrees to $43 million settlement in gender pay lawsuit
The Walt Disney Co. agreed to a $43.25 million settlement in a gender pay discrimination class action lawsuit, according to a court filing Monday. The agreement settles allegations initially made in a 2019 lawsuit filed by Disney employee LaRonda Rasmussen, who claimed she was getting paid less…
Published: 2024-11-27 06:17:52
Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered
Bitcoin‘s BTC/USD sharp pullback from its record high just under $100,000 has sparked concern among traders, with Standard Chartered‘s Geoffrey Kendrick attributing the correction to several factors, including a reduction in U.S. Treasury term premium and upcoming options expirations. What…
Published: 2024-11-27 06:17:50
Exclusive-China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
Published: 2024-11-27 06:17:47
G7 states back Middle East ceasefire, omit debate on ICC arrest warrants
G7 foreign ministers unanimously backed an immediate ceasefire between Israel and the Lebanese militant group Hezbollah in Italy on Tuesday but failed to discuss an agenda item on ICC arrest warrants recently issued against Israeli and Hamas leaders. The G7 foreign ministers' meeting, hosted by…
Published: 2024-11-27 06:17:57
Back to 2008? UK proposes looser rules around banker bonuses
Bankers should be able to receive bonuses faster, say regulators - moving away from post-crisis caution. The UK is considering rolling back restrictions on banker bonuses in an attempt to boost international competitiveness and growth. Most senior bankers should only have to wait five years to…
Published: 2024-11-27 06:17:42
Black Friday: online marketing costs jump in bidding war with Temu and Shein
Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors.
Published: 2024-11-27 06:17:45
Russia condemns ‘irresponsible’ talk of nuclear weapons for Ukraine
The New York Times reported last week that some unidentified Western officials had suggested US President Joe Biden could give Ukraine nuclear weapons before he leaves office.
Published: 2024-11-27 06:18:10
Lebanese army preparing to deploy to south as ceasefire begins
The Lebanese army said on Wednesday that it is preparing to redeploy forces to the south of the country after the start of a ceasefire between Israel and Hezbollah.However, the army asked the resident...
Published: 2024-11-27 06:17:51
Habeck admits coalition failure in key German industries lagging
Germany's key industries are falling behind, and the coalition government is partly to blame, Vice Chancellor and Economics Minister Robert Habeck admitted at his ministry's industry conference in Berlin on Tuesday. The conference featured keynote speeches and discussions by Habeck, the president…
Published: 2024-11-27 06:18:20
Euro's bruising leaves global investors on edge
As the euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global market volatility after gyrations in Japan's yen sparked a bout of cross-asset turmoil in August.
Published: 2024-11-27 06:17:51
Trump’s victory could make life harder for Hong Kong—and that may be good news for Singapore’s banks
Mere minutes after the Associated Press declared the U.S. presidential election for Donald Trump, Singapore’s prime minister, Lawrence Wong, took to the social media platform X to offer his congratulations. “I look forward to taking our partnership to even greater heights,” Wong’s official account…
Published: 2024-11-27 06:07:06
Foreign tech startups compete to help Vietnam go green
HO CHI MINH CITY -- What can be done about Vietnam's environmental challenges? Roughly 500 startups representing 55 countries have some ideas. The second-annual Net Zero Challenge, a contest put on by Temasek Foundation and partners, announced last Friday three winners that pitched proposals for…
Published: 2024-11-27 06:07:00
OpenAI allows employees to sell $1.5 billion stock to SoftBank, CNBC reports
ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, CNBC reported on Wednesday, citing two people familiar with the matter. The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round…
Published: 2024-11-27 06:06:52
Iran praises Israel-Hezbollah truce, calls for Gaza peace
Iranian Foreign Ministry Spokesman Esmail Baghaei in a statement on Wednesday welcomed the ceasefire between Israel and the Lebanon-based Hezbollah, which took effect overnight. Baghaei praised the t...
Published: 2024-11-27 06:17:34
Why are new nuclear projects still too costly in Europe?
Building new nuclear reactors in Europe remains economically challenging due to high construction costs, significant financial risks, and the need for strong government support, despite their crucial role in decarbonisation and energy security, according to S&P Global Ratings. Nuclear energy is…
Published: 2024-11-27 06:07:01
Investors cling to crash protection despite sizzling US stock market rally
Demand for options protection against an equity market crash is rising, even as a post-election rally takes U.S. stocks to record highs.
Published: 2024-11-27 06:17:53
An AI granny is helping waste scammers time
Do not try to help Daisy set up her printer—she is engineered to frustrate you. Daisy is a new British AI granny released earlier this month by UK-based phone company Virgin Media O2, and her job is to waste phone scammers’ time. In one instance, she kept them on the line for 40 minutes. How she…
Published: 2024-11-27 06:06:35
China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars.
Published: 2024-11-27 06:17:44
Paradise lost? How cruise companies are ‘eating up’ the Bahamas
Another vast tourist resort project promising jobs and prosperity. But critics say such developments imperil the pristine environments they advertise Read more in this series Joseph Darville has fond memories of swimming with his young son off the south coast of Grand Bahama island, and watching…
Published: 2024-11-27 06:39:52
Our Communities Cannot Sieve Their Way Out of Plastic Pellet Pollution [Promoted content]
Coastal communities across Europe face increasing devastation from plastic pellets, a major source of microplastic pollution. Strong, EU-wide regulation is urgently needed to prevent pellet loss along the supply chain and protect ecosystems, livelihoods, and public health.
Published: 2024-11-27 06:07:07
‘Undemocratic’ snap elections have Germany’s small EU delegations fear for their future
A double whammy of stricter electoral conditions at the German and European elections could deprive parties like the ÖDP and Volt Germany of parliamentary representation in Brussels and Berlin from 2029.
Published: 2024-11-27 06:17:39
Ferrari’s $4 Million Car Will Supercharge the Stock. The Auto Maker Is Leading the Luxury Pack
Published: 2024-11-27 06:06:56
Eyewa now has 150 stores selling eyeglasses in the Mideast, and just raised $100M to add 100 more
Helping consumers find the perfect glasses is a booming global business, spawning giants like Warby Parker in the U.S. and Lenskart in India. In the Middle East, this market is producing its own rising powerhouse: Eyewa. Eyewa, based in Dubai and Riyadh, sells a wide range of eyewear products,…
Published: 2024-11-27 06:07:00
The Consequences of Limiting the Tax Deductibility of R&D
We study the tax payment and innovation consequences of limiting the tax deductibility of research and development (“R&D”) expenditures. Beginning in 2022, U.S. companies are required to capitalize and amortize R&D rather than immediately deduct these expenditures. We utilize variation in U.S.…
Published: 2024-11-27 06:17:56
‘I’m not the one who wanted them’: Gentiloni criticises new EU fiscal rules
Germany's Habeck said the framework presents a “security risk” by limiting member states’ ability to fund defence programmes
Published: 2024-11-27 06:06:55
Huawei's HarmonyOS NEXT in Mate 70 series of smartphones is the company's first fully self-developed OS that reportedly no longer uses open-source Android code
Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company's latest self-developed operating system, as the Chinese giant continues its push toward technological independence in the wake of U.S. sanctions. The Mate 70 is the successor of the Mate 60, which was…
Published: 2024-11-27 05:55:55
Ai2 releases new language models competitive with Meta’s Llama
There’s a new AI model family on the block, and it’s one of the few that can be reproduced from scratch. On Tuesday, Ai2, the nonprofit AI research organization founded by the late Paul Allen, released OLMo 2, the second family of models in its OLMo series. (OLMo’s short for “Open Language…
Published: 2024-11-27 06:06:54
Thanksgiving Holiday Schedule
We will be on a lighter publication schedule through next Monday, December 2. We may be a post light today, Wednesday, depending on news flow, and will have only three posts ex Water Cooler on Thursday and Friday. I hope Lambert will take Thursday off and am not sure what he plans for Friday. I…
Published: 2024-11-27 05:55:56
Baltics Sea region PMs meet to discuss regional security ahead of Trump’s return
The summit comes at a pivotal time for Europe, which is facing major strategic uncertainties, particularly over support for Ukraine.
Published: 2024-11-27 05:56:07
China's defense minister investigated for corruption
China's Defense Minister Admiral Dong Jun (pictured) is under investigation for alleged corruption making him the third consecutive defense minister in the People’s Liberation Army (PLA) to ...
Published: 2024-11-27 05:55:39
Australian father of teen sextortion victim backs banning young children from social media
Wayne Holdsworth became an advocate for banning Australian children younger than 16 from social media because his son took his own life after falling victim to an online sextortion scam.
Published: 2024-11-27 06:17:34
Romanian Liberals back centrist presidential candidate after hard-right surge
The new Liberal head Ilie Bolojan said the party would support centre-right contender Elena Lasconi, leader of the opposition Save Romania Union (USR).
Published: 2024-11-27 05:55:40
Ukraine had to recall 100,000 artillery shells amid complaints they'd get stuck in launchers and weren't exploding
Ukraine is recalling 100,000 mortar shells after reports that they were arriving at the front line poorly manufactured and with wet gunpowder. Wojciech Grzedzinski/Anadolu via Getty Images Ukraine is recalling a batch of 120mm mortar shells that soldiers said are defective. Ukrainian media…
Published: 2024-11-27 05:55:56
Morning Bid: Trump tariff threats reverberate in Asia
A look at the day ahead in European and global markets from Kevin Buckland
Published: 2024-11-27 05:45:01
Sources: OpenAI is letting staff sell ~$1.5B worth of shares in a new tender offer to SoftBank in a deal spurred by Masayoshi Son and is set to close this week
OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash…
Published: 2024-11-27 05:33:56
Freddie Mac, Fannie Mae backing bigger home loans in 2025
The Federal Housing Finance Agency (FHFA) announced Tuesday it is raising the loan amount limits for mortgages purchased by Freddie Mac and Fannie Mae by 5.2% in 2025, as home prices continue to soar in the U.S. The new conforming loan limit (CLL) value for a one-unit home will be $806,500 next…
Published: 2024-11-27 05:33:54
Telco engineer who spied on US employer for Beijing gets four years in the clink
Telco engineer who spied on US employer for Beijing gets four years in the clink Provides insight to how China gets inside US systems, perhaps at Verizon and Infosys A 59 year-old Florida telco engineer was sentenced to 48 months in prison after he served as a spy for China and provided Beijing…
Published: 2024-11-27 05:33:54
How Warren Buffett Will Give Away $150 Billion. Will His Kids Be Able to Finish the Job?
Published: 2024-11-27 05:33:38
OpenAI allows employees to sell $1.5 bln stock to SoftBank, CNBC reports
Microsoft-backed OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group , CNBC reported on Wednesday.
Published: 2024-11-27 05:33:50
Q3 2025 Earnings Call Transcript
Image source: The Motley Fool. Workday (NASDAQ: WDAY) Q3 2025 Earnings Call Nov 26, 2024, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello. Welcome to Workday's fiscal 2025 third quarter earnings call. At this time, all participants…
Published: 2024-11-27 05:23:14
Q3 2024 Earnings Call Transcript
Image source: The Motley Fool. Nordstrom (NYSE: JWN) Q3 2024 Earnings Call Nov 26, 2024, 4:45 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Nordstrom third quarter 2024 earnings conference call. At this time, all…
Published: 2024-11-27 05:23:03
Poland, Ukraine edge closer towards exhumations in WWII row
The decades-long spat over the Volyn massacre in modern-day Ukraine has led to frequent diplomatic tensions between neighbours and allies.
Published: 2024-11-27 05:22:39
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024 Internet-based sales tools can boost revenue by 14.6 per cent over the next two years, particularly as…
Published: 2024-11-27 05:22:37
Australia says Israel-Hezbollah ceasefire 'critical step'
Australian Foreign Minister Penny Wong deemed the US-brokered ceasefire between Israel and Hezbollah to be a "critical step for alleviating immense human suffering and ensuring displaced communit...
Published: 2024-11-27 05:23:06
Philippines' Marcos-Duterte conflict worsens: 5 things to know
MANILA -- The spat between the Philippines' top political families, the Marcoses and Dutertes, has turned bitter as the political infighting devolved into an assassination threat. Vice President Sara Duterte said Saturday that she has ordered a hit against the Marcoses that is to be carried out if…
Published: 2024-11-27 05:12:11
Bluesky says it is up to outside orgs to respect user consent, after a Hugging Face employee published a dataset of 1M posts from Bluesky's API for ML research
A machine learning librarian at Hugging Face just released a dataset composed of one million Bluesky posts, complete with when they were posted and who posted them, intended for machine learning research. Daniel van Strien posted about the dataset on Bluesky on Tuesday: “This dataset contains 1…
Published: 2024-11-27 05:12:07
Ceasefire to begin in Israel-Hezbollah war
The US, the EU, the UN and G7 had all pushed for a halt in the fighting between Israel and Iran-backed Hezbollah after more than a year of violence.
Published: 2024-11-27 05:12:23
'Suits' actor Patrick J. Adams said his mom helped him confirm that it was time to quit and focus on family
Patrick J. Adams left "Suits" after season 7. Ian Watson/USA Network/NBCU Photo Bank via Getty Images Patrick J. Adams left "Suits" after realizing he only stayed for the money. He added that he wanted to focus on his marriage to Troian Bellisario. The legal drama experienced a resurgence in…
Published: 2024-11-27 05:12:03
Biden proposes expansion of obesity drug coverage
Like high school seniors in the spring, the Biden administration wants to make the most of its last few months in power. The government announced a proposal yesterday to cover popular weight loss drugs under Medicare and Medicaid, which would expand their use to over 7 million more people while…
Published: 2024-11-27 05:11:38
Trump Cannot Restrict Birthright Citizenship by Presidential Edict
For 126 years, U.S. courts have recognized children born in this country as American citizens. President-elect Donald Trump plans to overturn that understanding by issuing an executive order on his first day in office. That order, Trump claims, will "end automatic citizenship for children of…
Published: 2024-11-27 05:11:43
'Wordle' Today #1,257 Answer, Hints, Clues for Wednesday, November 27 Game
If today's brainteaser has left you lost for words, Newsweek has provided some tips to help you over the finish line.
Published: 2024-11-27 05:11:38
NYT 'Connections' November 27: Hints and Answers for Game #535
Maintaining a Connections win streak is quite a trying task, so if you are in need of a helping hand, then Newsweek has your back. The brainteaser was launched by The New York Times in June 2023 and has gone on to become the newspaper's second-most played game behind Wordle, another word-based…
Published: 2024-11-27 05:11:48
Stock futures are little changed as Wall Street awaits Fed's preferred inflation reading: Live updates
U.S. stock futures were little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 24 points, or 0.05%. Meanwhile, S&P 500 futures flickered near the flatline, while Nasdaq-100 futures fell…
Published: 2024-11-27 05:00:58
Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory
Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift…
Published: 2024-11-27 05:00:57
A look at the evolution of China's semiconductor industry and Huawei under US export controls, as GPUs become the new focal point of US-China tech competition
1 Kotaro Hosokawa, “China’s Chip Capabilities Just 3 Years Behind TSMC, Teardown Shows,” Nikkei Asia, August 31, 2024. 2 “Proposal on Respecting and Protecting Trade Secrets,” China Semiconductor industry Association, May 17, 2024. 3 Stu Woo, “China Is Getting Secretive About Its Supercomputers,”…
Published: 2024-11-27 05:00:51
UK sales of seasonal pet treats, toys and food rocketing
Sales of Christmas pet lines up 964% year-on-year at Waitrose online as people spend more on pet care Unlike buying a present for a fussy father-in-law or an awkward aunt, a dog won’t complain if their treats aren’t the latest, and a cat is not likely to turn its nose up at a Christmas tree-shaped…
Published: 2024-11-27 06:39:51
Will Labour’s 2030 green energy goal cost more than 2035? They should come clean | Nils Pratley
Ed Miliband argues the UK should race towards becoming a ‘clean energy superpower’, but costs to the consumer shouldn’t be ignored The government’s plan to decarbonise the UK’s electricity system by 2030 is a vast undertaking. Energy companies will throw £40bn-plus annually at the effort, backed…
Published: 2024-11-27 05:11:47
China’s market targets are ‘just psychological’, says former regulator
Frank remarks by onetime securities commission chief give rare insight into Beijing financial policymaking
Published: 2024-11-27 05:11:59
Neuberger Berman to close ETF that failed to shine since conversion
The $6mn Global Real Estate ETF changed from a mutual fund in 2023
Published: 2024-11-27 05:12:04
Elon Musk’s Twitter backers gain windfall from xAI deal
Investors hit by losses following billionaire’s takeover of social media platform reap rewards from shares in his AI start-up
Published: 2024-11-27 05:23:03
Infosys chair bets companies will develop their own AI models
Nandan Nilekani says small language models trained on specific data are ‘quite effective’
Published: 2024-11-27 05:23:23
Waste less, earn more: a new market for food byproducts
Companies should take advantage of opportunities created by improved technology and changing tastes
Published: 2024-11-27 05:23:38
‘Adios Adani!’ Bribery charges threaten group’s Africa ambitions
Kenya’s reversal of support for airport project underlines global ramifications of US indictment
Published: 2024-11-27 05:23:22
EU Parliament’s most burning vote of the year
In this episode, host Giada Santana and politics reporters Nicoletta Ionta and Magnus Lund Nielsen talk numbers, alliances and behind-the-scenes buzz from the European Parliament's corridors.
Published: 2024-11-27 05:12:07
Overruling science is a cause for concern for both wolves and EU decision-making
Could a fear of predators, an innate need for human control and a demand to do as one wishes be behind the wolf's reduced protection?
Published: 2024-11-27 05:12:01
J.P. Morgan Private Bank report reveals how wealthy families can adapt in a complex world
New Global Family Office Report highlights governance, succession planning, investment management and cybersecurity as key areas of concern.
Published: 2024-11-27 05:00:43
Plenty of deliverables await Commission when it finally takes office on 1 December
Trump, trade, defence, and the need to boost European competitiveness are among the first priorities for the new Commission. Von der Leyen has promised a Clean Industrial Deal in the first 100 days.
Published: 2024-11-27 05:11:49
Aston Martin crisis deepens as China sales slow
Aston Martin looks to raise cash as China sales slow Aston Martin has announced it is looking to raise cash after it lowered its profit forecast for the second time in two months. The UK luxury carmaker is now expecting to turn a profit of up to £280m ($352m) in 2024 - below last year's…
Published: 2024-11-27 05:22:41
Walmart May Win Black Friday With These Home, Kitchen, and Fashion Deals Up to 75% Off
Published: 2024-11-27 04:50:06
The future of customer service is here, and it's making customers miserable
I've been fighting with my health insurance company a lot lately. The mundane billing disputes are exactly the type of situation that, theoretically, AI should make easier. That, however, is not what's going on. The first point of contact is the AI-powered online virtual assistant, which asks what…
Published: 2024-11-27 04:50:02
Russian air defenses destroy 10 drones over Rostov
Ten unmanned aerial vehicles (UAVs) were shot down by Russian air defenses during the night over the Rodionovo-Nesvetaisky District of Rostov, according to Acting Governor Yuri Slyusar. Slyusar also ...
Published: 2024-11-27 04:49:47
19 Best Walmart Early Black Friday Deals
Walmart’s early Black Friday deals have arrived, and we’ve found a handful of deals that rival last year’s Black Friday prices. If any of these products are on your shopping list, now is a good time to buy, especially if you can pair them with a Walmart coupon. This is just the start of our…
Published: 2024-11-27 04:38:41
Marc Andreessen is hopping on the Musk bandwagon and slamming manned fighter jets, saying there won't be 'spam in the can' if pilots aren't in the plane
"You don't have to keep a human being alive, which means you can be a lot faster and you can move a lot more quickly," Marc Andreessen told Joe Rogan on the latter's podcast. Steve Jennings/Getty Images for TechCrunch; Jabin Botsford/The Washington Post via Getty Images Marc Andreessen says that…
Published: 2024-11-27 04:38:42
Trump chooses John Phelan to lead US Navy
United States President-elect Donald Trump announced John Phelan as his choice for the next US Navy secretary, praising Phelan as a "tremendous force" for Naval service members and a "s...
Published: 2024-11-27 04:38:59
Guy Fieri says that when his youngest son comes home from college, he 'sets a menu' for what he wants to eat
Guy Fieri says his youngest son, Ryder, gets to decide what the family eats whenever he's back from college. Tim Nwachukwu/Getty Images Guy Fieri's youngest son, Ryder, gets to choose what the family eats whenever he's back from college. That's because food "just doesn't taste the same as it does…
Published: 2024-11-27 04:38:40
Cloudflare broke its logging-a-service service, causing customer data loss
Cloudflare broke its logging-a-service service, causing customer data loss Software snafu took five minutes to roll back. The mess it made took hours to clean up Cloudflare has admitted that it broke its own logging-as-a-service service with a bad software update, and that customer data was lost…
Published: 2024-11-27 04:38:39
China's BYD sets negotiable price reduction targets for suppliers
Chinese automaker BYD has set negotiable price reduction targets for suppliers of large-scale purchases, a BYD executive's post on social media platform Weibo shows.
Published: 2024-11-27 04:39:01
An investigation suggests the third suspect behind the hacks of Snowflake clients may be a US Army soldier who is or was recently stationed in South Korea
Two men have been arrested for allegedly stealing data from and extorting dozens of companies that used the cloud data storage company Snowflake, but a third suspect — a prolific hacker known as Kiberphant0m — remains at large and continues to publicly extort victims. However, this person’s…
Published: 2024-11-27 04:28:30
A Black Connecticut Couple Allegedly Stole a Stupid Amount of Lululemon Clothes During a Cross-Country Heist
We guess this is one way to do your holiday shopping..Police arrested a Minnesota couple in Minnesota who allegedly steal items from Lululemon, the high-end women’s athletic clothing store, and make fraudulent returns. Jadion Richards, 44, and Akwele Lawes-Richards, 45 were both charged with one…
Published: 2024-11-27 04:28:10
Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis
As a kid in Cairo, Mo Sarwat first grasped the dangers of not understanding the natural world. It was 1992, and the city and much of northeastern Egypt were devastated by an earthquake. If you, like me, live in California, you’re used to the occasional shake, where you watch your glass of water…
Published: 2024-11-27 04:28:00
The Crypto Industry Is Helping Donald Trump Pick SEC Chair
President-elect Donald Trump is expected to select a new chair of the US Securities and Exchange Commission (SEC) in the coming days. His team is asking the crypto industry to weigh in on potential picks, according to sources who claim to be close to proceedings. Trump’s shortlist is filled with…
Published: 2024-11-27 04:28:00
The Triggers For & Consequences Of Russia's Possible Missile Deployment To The Asia-Pacific
The Triggers For & Consequences Of Russia's Possible Missile Deployment To The Asia-Pacific Authored by Andrew Korybko via substack, Russian Deputy Foreign Minister Sergey Ryabkov said in response to a question about his country’s possible missile deployment to the Asia-Pacific that this “will…
Published: 2024-11-27 04:27:46
Winter Weather Update as 'Formidable' Lake Effect Snow Expected
"Travel could be very difficult to impossible in the hardest hit areas," the National Weather Service warned.
Published: 2024-11-27 04:27:51
OpenAI suspends access to Sora in response to a group of artists leaking access to the tool in protest of the company's treatment of creative professionals
Published: 2024-11-27 04:17:13
FAA will not require immediate 737 MAX engine action after bird strikes
The Federal Aviation Administration said on Tuesday it will not require any immediate action after convening a review board to consider concerns about Boeing 737 MAX engines after two bird strike incidents on Southwest Airlines planes in 2023.
Published: 2024-11-27 04:28:05
Roblox starts offering 25% more game currency for web purchases
As scrutiny around Apple and Google’s app store fees tightens around the world, gaming platform Roblox has now started to offer an additional 25% game currency Robux for purchases on the web and gift cards as compared to mobile platforms. In essence, the company is encouraging users to purchase…
Published: 2024-11-27 04:17:09
Samsung Electronics replaces chip business heads, CFO in sweeping reshuffle
Samsung Electronics on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix and Taiwan’s TSMC in the booming AI chip market. The South Korean giant’s shares fell 2 per cent at market open as the sweeping reshuffle of top brass did little to…
Published: 2024-11-27 04:17:13
TikTok plans to block users under 18 years of age from using beauty filters and says it is tightening its systems to block users under 13 from the platform
Teenagers are facing wide-ranging new restrictions over the use of beauty filters on TikTok amid concern at rising anxiety and falling self-esteem. Under-18s will, in the coming weeks, be blocked from artificially making their eyes bigger, plumping their lips and smoothing or changing their skin…
Published: 2024-11-27 04:06:11
HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit in Hong Kong
Exclusive | HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit in Hong Kong Global Investment Summit will run from March 25 to 27 next year The conference is expected to draw more than 3,000 delegates from around the world and registration is open now, HSBC…
Published: 2024-11-27 04:06:04
Samsung Electronics makes key leadership changes with focus on chip divisions; shares drop
Samsung Electronics announced a change in leadership for its memory and foundry chip divisions.
Published: 2024-11-27 04:05:53
China Oct industrial profits narrow decline but demand remains weak
China's October industrial profits narrowed their earlier declines, helped by a low base the previous year, official data showed on Wednesday, but headwinds on earnings remain stiff with the economy still battling weak demand and deflation pressures.
Published: 2024-11-27 04:06:01
China Is Bombarding Tech Talent With Job Offers. The West Is Freaking Out
Chinese companies are trying to poach engineers in high-tech Western industries by offering to triple their salaries as Beijing seeks to catch up with Silicon Valley in the battle for tech supremacy.
Published: 2024-11-27 04:06:08
"Business As Usual": NYT, Reuters, Vox Media Reportedly Have Zero Plans To Leave 𝕏
"Business As Usual": NYT, Reuters, Vox Media Reportedly Have Zero Plans To Leave 𝕏 The New York Times, Reuters, Vox Media, and more than a dozen other media organizations have confirmed to Digiday their intention to remain on Elon Musk's 𝕏. This follows the decision by some far-left folks,…
Published: 2024-11-27 04:06:02
The Impossible Mission to Enforce an Israel-Hezbollah Cease-Fire
A peacekeeping mission couldn’t stop the rearming of southern Lebanon that culminated in war.
Published: 2024-11-27 04:06:19
Couche-Tard not giving up on bid to acquire 7-Eleven owner
The commitment comes despite a new management buyout proposal from the founding family of Seven & I Holdings valued at about $59 billion.
Published: 2024-11-27 04:06:04
Japan’s top chip distributor eyes acquisitions in China and India
Japanese chip distributor Macnica Holdings is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate. Macnica, which sells chips made by the likes of Intel’s Altera, is eyeing an overseas acquisition to better hold its own against bigger…
Published: 2024-11-27 04:05:56
Dow Jones Futures: S&P 500 Hits Highs As Bitcoin Skids; CrowdStrike Leads Movers Late
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. CrowdStrike (CRWD) headlined a busy Tuesday night earnings lineup. The stock market rally saw modest gains on the major indexes Tuesday, with the Dow Jones and S&P 500 hitting fresh highs. That's…
Published: 2024-11-27 06:39:38
Align pharma reform with EU’s competitiveness focus, says Roche pharma chief
Europe’s global research decline will be 25% by 2030, down from 37% in 2010. The pharmaceutical sector says Europe can’t afford to delay; citing the cost of inaction they are urging EU action now.
Published: 2024-11-27 03:54:43
Trump unveils picks for economic growth, health initiatives, border security
United States President-elect Donald Trump announced key appointments for his upcoming administration, signaling his priorities for economic growth, health and domestic policy. Trump picked Vince Ha...
Published: 2024-11-27 03:55:01
Trump taps Lighthizer protege Jamieson Greer for U.S. trade representative
WASHINGTON -- U.S. President-elect Donald Trump announced that he will nominate lawyer Jamieson Greer to be his U.S. trade representative, tasking him with reducing America's trade deficit. During Trump's first term, Greer served as chief of staff to USTR Robert Lighthizer, who mentored him.
Published: 2024-11-27 03:43:55
China investigating defense minister for corruption, FT reports
TOKYO -- China has placed its defense minister under investigation, the Financial Times reported on Wednesday, citing unidentified U.S. officials. Dong Jun was appointed to the post last December in a reshuffle authorized by President Xi Jinping. If confirmed, he would be the third straight…
Published: 2024-11-27 03:43:45
Courtroom Sketch Artist Reacts to Rudy Giuliani 'Losing It' During Hearing
"He's losing it. He was wild ... I feel bad for anyone who represents him," courtroom sketch artist Jane Rosenberg said on CNN.
Published: 2024-11-27 03:43:40
Walmart joins list of companies that are rolling back DEI policies
Walmart has joined a growing list of companies that are rolling back on their diversity, equity and inclusion policies and efforts. NBC News' Priscilla Thompson has more on the new changes.
Published: 2024-11-27 03:54:49
Warsaw expands wastewater testing after poliovirus detection
Warsaw wants 95% of children and adolescents vaccinated against polio following detection of a mutated polio virus in wastewater.
Published: 2024-11-27 03:43:59
Trump Transition Team Signs Modified White House Agreement, Without Govt Technology To Conduct Surveillance
Trump Transition Team Signs Modified White House Agreement, Without Govt Technology To Conduct Surveillance Authored by 'sundance' via The Last Refuge, The President Trump transition team has signed a Memorandum of Understanding (MOU) to start the process of transferring control of the federal…
Published: 2024-11-27 03:44:06
Yen strategists diverge on outlook as Trump adds to uncertainty
TOKYO -- Yen strategists are divided over the currency's direction now that Donald Trump's return to the White House is casting uncertainty over the pace of U.S. rate cuts. Yen bulls foresee the currency strengthening to 140 over the next year whereas bears predict it weakening to 160.
Published: 2024-11-27 03:33:15
UK, US retail giants hit by ongoing disruption after ransomware attack on supply chain firm
A ransomware attack on Blue Yonder, one of the world’s largest supply chain software providers, is causing ongoing disruption to operations at a number of major U.S. and U.K. stores and retailers. Arizona-based Blue Yonder, which was acquired by Panasonic in 2021, said in a statement on its…
Published: 2024-11-27 03:33:10
NBC Tries To Gaslight Americans Into Believing That A 10-Person Thanksgiving Dinner Costs $58 This Year, & The Backlash Was Glorious
Great news everybody, Thanksgiving is apparently super affordable this year! According to a recent Farm Bureau survey of nationwide grocery prices, it will only cost you $58 to cook up a 10-person Thanksgiving Day meal this year, which is 5% drop compared to last year, and the lowest since 2021.…
Published: 2024-11-27 03:33:07
Asian stocks weak amid Trump tariff worries; yen firm
By Kevin Buckland TOKYO (Reuters) - Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged new levies on Canada, Mexico and China. The loonie and peso remained weak following…
Published: 2024-11-27 03:33:00
Jamieson Greer selected as Trump's United States Trade Representative
President-elect Trump selected Jamieson Greer to serve as his U.S. trade representative on Tuesday. Greer, an aide in the trade office during Trump’s first term, will help steer the president-elect’s trade agenda. Greer is a partner at King & Spalding, and the scope of his work includes “trade…
Published: 2024-11-27 03:32:51
Sustaining Israel-Hezbollah ceasefire poses huge challenge for Biden and Trump
Reaching a ceasefire between Israel and Hezbollah was a hard-won diplomatic achievement, but preventing it from collapsing could ultimately be more difficult. Why it matters: The U.S. will now be tasked with maintaining calm along one of the most volatile borders in the Middle East, between Israel…
Published: 2024-11-27 03:33:13
Donald Trump taps Jamieson Greer for US trade representative
President-elect rounds out economic team with Kevin Hassett as director of National Economic Council
Published: 2024-11-27 03:33:03
Samsung replaces memory, foundry chiefs amid AI chip struggles
SEOUL -- Samsung Electronics has replaced the heads of its memory and foundry semiconductor businesses as the chipmaker struggles to keep up in the global race to develop advanced artificial intelligence chips. Samsung announced on Wednesday that its memory semiconductor department will be put…
Published: 2024-11-27 03:22:29
Australia's lower house passes bill seeking to ban young children from social media
Australia's House of Representatives passed a bill on Wednesday that seeks to ban children under the age of 16 from social media, the Associated Press reported, after the country's prime minis...
Published: 2024-11-27 03:33:19
Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.
Published: 2024-11-27 03:22:12
How does my credit card payment get allocated?
Key takeaways The Credit CARD Act of 2009 standardized the allocation of credit card payments among different balances. Card issuers must allocate credit card payments above the minimum payment according to the highest interest rate balance first, in descending order. Making only the minimum…
Published: 2024-11-27 03:11:26
Walmart must pay a truck driver $35 million after firing him and accusing him of fraud after an accident
Published: 2024-11-27 03:11:09
Samsung names Young Hyun Jun as its co-CEO as well as head of its memory chip business and appoints Jinman Han as the company president and foundry unit head
Published: 2024-11-27 03:11:07
"This Looks So M16-Ish To Me": Russian Special Forces Receive New Main Battle Rifle
"This Looks So M16-Ish To Me": Russian Special Forces Receive New Main Battle Rifle Russian special forces, commonly known as "Spetsnaz," are set to receive a newly designed main battle rifle that closely resembles the German Heckler & Koch 417 automatic assault rifle. The Russian media outlet…
Published: 2024-11-27 03:11:22
Hong Kong home prices rise for the first time since March, though rents cool slightly
Hong Kong home prices rise for the first time since March, though rents cool slightly Secondary home prices increased 0.62 per cent in October Secondary home prices increased 0.62 per cent to a reading of 290.1 in October from 288.3 in September, according to data from the Rating and Valuation…
Published: 2024-11-27 03:11:09
My new card has a lower credit limit than I expected
Your credit limit — that is, the maximum amount available for you to spend using a credit card — is usually a mystery until after you get approved for a new credit card. Therefore, it’s understandable that you may be grappling with disappointment if you qualified for a lower credit limit than you…
Published: 2024-11-27 03:00:11
Donald Trump's Favorability Rising After Election, Polls Show
Recent polling has found that more Americans view Trump favorably following his election win.
Published: 2024-11-27 03:00:12
Analysts Bullish on Reliance Comeback While Adani Stocks Remain Under Scrutiny
Published: 2024-11-27 03:11:04
United blames FAA staffing shortages for causing ‘significant disruption’ at Newark Airport
United blames FAA staffing shortages for causing ‘significant disruption’ at Newark Airport By Reuters Published Nov. 26, 2024, 6:44 p.m. ET United Airlines said Tuesday that an acute shortage of air traffic controllers was causing “significant disruption” for travelers at its busy Newark, NJ, hub…
Published: 2024-11-27 02:49:28
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
Warren Buffett gives away $1.1B, plans how to give his $147B fortune after his death He offered new details about who will be handing out the rest of his fortune. OMAHA, Neb. -- Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire…
Published: 2024-11-27 02:49:14
Nvidia Stock Rises. What the Latest Trump Tariff Threats Mean for Chip Maker
Published: 2024-11-27 02:49:11
Asian markets trade mixed as Israel-Hezbollah ceasefire takes effect
Asian markets mostly traded mixed on Wednesday following a ceasefire agreement between Israel and Hezbollah in Lebanon. The ceasefire, brokered by the United States, ended over a year of fighting tha...
Published: 2024-11-27 02:49:17
US Marshals And FBI Warn Public Of Nationwide Phone Scams
US Marshals And FBI Warn Public Of Nationwide Phone Scams Authored by Chase Smith via The Epoch Times (emphasis ours), The U.S. Marshals Service and the FBI are alerting the public about widespread phone scams involving individuals impersonating law enforcement officials. Scammers are posing as…
Published: 2024-11-27 02:49:28
Vietnam PM hopes U.S. will recognise country as market economy
Vietnam's Prime Minister Pham Minh Chinh told a business summit on Wednesday that he hoped the United States would recognise Vietnam as a market economy, noting that more than 70 other countries already did.
Published: 2024-11-27 02:49:19
Kevin Hassett returning as an economic adviser for second Trump administration
Kevin Hassett is heading back to the White House as an economic adviser. President-elect Donald Trump announced Tuesday that Hassett will be director of the National Economic Council, a role that puts him in charge of executing the higher tariffs and tax cuts promised during the campaign.…
Published: 2024-11-27 02:49:28
Hyundai Motor to buy back $716 mln worth of shares
Hyundai Motor will buy back 1 trillion won ($715.79 million) worth of shares starting on Thursday over three months, the company said in a regulatory filing on Wednesday.
Published: 2024-11-27 02:49:13
Dell’s AI boost derailed slightly by Blackwell transition and slower move to AI PCs
Dell Technologies Inc.’s recent AI boost was derailed slightly on Tuesday, as the computer maker’s weaker outlook — due to a double whammy of AI product transitions in both servers and PCs — disappointed investors.
Published: 2024-11-27 03:32:52
Google to wrap up Christmas Island with new subsea cable
Google to wrap up Christmas Island with new subsea cable Connection will tie remote territory to Darwin in North Australia A Google-funded subsea cable will connect the Australian territory of Christmas Island to Darwin on the mainland. That cable, named Bosun after an iconic Christmas Island…
Published: 2024-11-27 02:49:15
Chinese courier S.F. Holding makes flat debut on Hong Kong Exchange
HONG KONG -- China's largest delivery logistics company, S.F. Holding, listed on the Hong Kong Exchange on Wednesday, with its shares opening virtually flat despite being oversubscribed. The company raised a total of 5.83 billion Hong Kong dollars ($749 million) with an offer price of HK$34.20, in…
Published: 2024-11-27 02:38:21
Howard Lutnick, King of Cantor, Gets a Boss of His Own in Donald Trump
Published: 2024-11-27 02:49:32
Trump picks Kevin Hassett to lead White House economics team
The president-elect vowed dramatic tariff hikes on Monday night but has tapped traditional conservatives for his most important economic positions.
Published: 2024-11-27 02:49:11
Yen Strengthens on Possible Safe-Haven Demand
The yen strengthened on possible safe-haven demand amid concerns over U.S. President-elect Trump’s pledge to impose tariffs.
Published: 2024-11-27 02:38:12
FAA decides no immediate action needed on Boeing MAX engine smoke risk
A technical review by the FAA decided the risk from an engine vulnerability does not warrant immediate action, contrary to an internal report last month.
Published: 2024-11-27 02:38:06
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