Today: June 19, 2024
Today: June 19, 2024

Technology

Business|Technology

Nvidia becomes world's most valuable company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for

Nvidia becomes world's most valuable company
Business|Technology

Qualcomm reaches $75 million settlement over sales and licensing practices

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing

Qualcomm reaches $75 million settlement over sales and licensing practices
Economy|Political|Technology|World

US pushes Netherlands, Japan to further restrict chipmaking equipment to China

A U.S. official was heading to Japan after meeting with the Dutch government to try to push allies to further restrict China's ability to produce cutting-edge

US pushes Netherlands, Japan to further restrict chipmaking equipment to China
Business|Technology

Apple turns to third parties for 'buy now, pay later' after sunsetting product

Although Apple is discontinuing its buy now, pay later service launched last year, the company is sticking with the product, with a successor to the offering launching later

Apple turns to third parties for 'buy now, pay later' after sunsetting product
Business|Economy

S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales

The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia's continued surge to new peaks, while the Dow ended barely higher in subdued pre-holiday trading

S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
News|Political

US approves new $360 million arms sale to Taiwan for drones, related equipment

The Biden administration has approved a new $360 million weapons sale to Taiwan, sending the island hundreds of armed drones, missile equipment and related support material

US approves new $360 million arms sale to Taiwan for drones, related equipment
Business|Economy|Technology

Chinese automakers seek retaliatory tariffs on EU cars, state media reports

Chinese automakers have urged Beijing to retaliate against Brussels' decision to place curbs on Chinese electric vehicle exports by raising tariffs on imported European gasoline-

Chinese automakers seek retaliatory tariffs on EU cars, state media reports
Business|Economy|Technology

Extended offers dampen excitement for China's mid-year e-commerce festival

China's mid-year e-commerce sales festival failed to stir up a great deal of excitement among shoppers, industry experts said, even as major platforms

Extended offers dampen excitement for China's mid-year e-commerce festival
Business|Technology

Ferrari's first electric car to cost over $500,000, source says

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to

Ferrari's first electric car to cost over $500,000, source says
Business|Economy|Technology

What is at stake for China-founded e-commerce giant Shein as EU rule looms

Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual

What is at stake for China-founded e-commerce giant Shein as EU rule looms
Business|Economy|Food|Technology

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain

Europe's biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain
Economy|Environment|News|Opinion

Australian opposition puts nation's first nuclear power plants in its energy plan ahead of elections

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

Australian opposition puts nation's first nuclear power plants in its energy plan ahead of elections
Entertainment|Technology

Snap launches AI tools for advanced augmented reality

Snapchat owner Snap on Tuesday launched its latest iteration of generative AI technology that will allow users to see more realistic special effects when using phone cameras

Snap launches AI tools for advanced augmented reality
Business|Technology

Embraer a 'great solution' for carriers to add capacity more quickly, CEO says

Brazilian planemaker Embraer sees itself as a "great solution" for carriers to add capacity more quickly amid constraints to 'big' narrowbody

Embraer a 'great solution' for carriers to add capacity more quickly, CEO says
Business|Technology

Blackstone makes $1.7 billion bid for Japan e-comics platform Infocom

Blackstone launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen,

Blackstone makes $1.7 billion bid for Japan e-comics platform Infocom
Business|Economy|Technology

Fisker's ride from Tesla competitor to bankruptcy

Fisker filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors in a tough market dominated by Tesla and

Fisker's ride from Tesla competitor to bankruptcy
Business|Technology

Huge tech ETF set to buy $10 billion in Nvidia shares

One of the world’s largest technology funds is set to ramp up its exposure to Nvidia, which has become the world's most valuable company

Huge tech ETF set to buy $10 billion in Nvidia shares
Business|Economy|Technology

What are EV startups doing to ride out weak demand?

Fisker filed for bankruptcy protection on Monday, the latest electric-vehicle startup to succumb to fundraising difficulties, slow sales, as well as supply chain and distribution challenges

What are EV startups doing to ride out weak demand?
Business|Economy|Technology

Amazon fined $5.9 million over warehouse worker quotas in California

Amazon.com has been fined $5.9 million by a California labor regulator who says the online retail giant failed to properly inform workers of productivity quotas at two

Amazon fined $5.9 million over warehouse worker quotas in California
Business|News|Technology

Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads

A U.S. judge rejected Meta Platforms' bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him

Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads
Business|Technology

AI fever drives Nvidia’s rise to world’s most valuable company

Nvidia has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial

AI fever drives Nvidia’s rise to world’s most valuable company
Science|Technology

New Bayer short corn variety stands up to high winds, but not over 100 mph

Bayer's Preceon variety of short stature corn has been shown to withstand up to 75 mph winds (120 kph) in some trials, the company said on Tuesday, but could not

New Bayer short corn variety stands up to high winds, but not over 100 mph
Business|Economy|Technology

Ford tests shipping cars from Mexico's Guaymas port to cut logistics costs

Ford shipped its first batch of cars on Tuesday from the once-neglected Guaymas port near its plant in the northern Mexican state of Sonora in a project that, if

Ford tests shipping cars from Mexico's Guaymas port to cut logistics costs
Business|Economy|Technology

Detroit Three automakers should exit China, leading analyst says

Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a

Detroit Three automakers should exit China, leading analyst says
Business|Technology

Nvidia eclipses Microsoft as world's most valuable company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a

Nvidia eclipses Microsoft as world's most valuable company

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