Business

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Tencent’s Revolutionary AI Integration Surpasses Industry Standards

China's eminent social networking and video gaming behemoth, Tencent Holdings, has effectively incorporated its advanced artificial intelligence (AI) model reminiscent of ChatGPT into a...

Shanghai Unveils Data-Centric Industrial Park in Lingang’s Free-Trade Zone

In a move that reflects China's overarching ambitions in the digital arena, Shanghai has inaugurated the International Data Economy Industrial Park. Strategically situated in...

China’s Gaming Revival: 87 New Titles Approved Amid Industry Recovery

October witnessed the green light for 87 video game titles in China, marking the resurgence of the nation's gaming industry following the alleviation of...

Baidu-Geely’s JiYue 01: A New Contender in China’s EV Landscape

The union of Baidu, the renowned search-engine powerhouse, and Geely, one of China’s premier private car manufacturers, is making waves in China’s increasingly competitive...

Samsung Versus SK Hynix: The Battle in AI Memory Chip Market

Samsung Electronics, a leading name in the tech industry, is grappling with challenges as its stock performance trails behind that of its memory-chip competitor,...

Maritime Sector’s Struggle with Carbon Capture and Storage Integration

Carbon capture and storage (CCS) retrofit projects on vessels are encountering obstacles despite studies suggesting the approach is both technically and financially feasible, Hare...

Japan Mobility Show: A Turning Point for Japanese EV Innovation

Japan's leading automakers are on a mission to showcase their commitment to carbon neutrality and transportation innovation at the highly anticipated Japan Mobility Show...

New Regional Tech Hubs Announced to Diversify US Innovation

In a move to decentralize and expand the innovation landscape in the United States, the Commerce Department recently unveiled 31 regional technology hubs selected...

iPhone 15 Prices Drop Amid Huawei’s Rising Popularity in China

The battle for the smartphone market in China is heating up as Apple's iPhone 15 series witnesses significant markdowns ahead of the renowned Double...

AI Chatbots Revolutionizing Higher Education Landscape

AI chatbots are significantly transforming the higher education landscape. With an ever-increasing number of chatbot users worldwide, a large portion is comprised of students...

Apple’s CEO Tim Cook Engages in Strategic Talks with Chinese Leaders

In a strategic endeavor to bolster Apple’s presence in China and navigate ongoing challenges, Apple CEO Tim Cook recently traveled to Beijing. In a...

Singles’ Day 2023: China’s Grand E-commerce Duel

As China's colossal Singles’ Day shopping festival approaches, e-commerce behemoths are rolling up their sleeves, readying to entice customers in what is arguably the...

Investors Shift From TSMC to ASML Amid Rising Taiwan Tensions

As the political pressure from China on Taiwan grows, certain equity investors are shifting their focus from the globally renowned Taiwan Semiconductor Manufacturing Co...

FCC Advances Net Neutrality Revival: Implications and Industry Reactions

The US Federal Communications Commission (FCC) has recently voted in favor of restoring the principle of net neutrality, emphasizing that high-speed internet should be...

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