Business

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Typhoon Dolphin Drives Hong Kong to Hottest Day on Record as Eastern China Evacuates Millions

Hong Kong hit 36.9C, its hottest in 142 years, as Typhoon Dolphin brought extreme heat and drove mass evacuations across eastern China.

Pentagon Presses US Defense Firms to Accelerate Weapons Output Amid Depleted Stockpiles

The Pentagon is urging US defense contractors to accelerate munitions production amid depleted stockpiles and rising global security concerns.

El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary

Michigan Democrats choose Tuesday between progressive Abdul El-Sayed and Rep. Haley Stevens in a closely watched Senate primary for Gary Peters' open seat.

China Unveils Drone Export Controls, Sanctions on Six US Firms Over Trade Restrictions

China announced drone export controls and a ban on dealings with six American entities in response to recent US trade restrictions, deepening tensions.

Fintech Stocks Rally as Shift4, Upstart, and PayPal Drive Market Momentum

Fintech stocks saw notable movement Tuesday as a wave of earnings releases and analyst commentary spurred investor reactions across the sector. Shares of Shift4...

SpaceX Denied Greater Control Over Texas Roads and Beaches Amid Starbase City Push

As SpaceX pushes forward with its plans to incorporate Starbase into an official city in Texas, lawmakers have rejected legislation that would have granted...

Virtual Power Plant Startup Base Offers Battery Backup Amid Grid Uncertainty

With extreme weather events becoming more frequent in a warming world, many homeowners are seeking reliable energy solutions. Backup batteries have gained popularity, but...

Snap Reports Q1 Revenue Beat but Issues Cautious Outlook

Snap reported better-than-expected first-quarter revenue on Tuesday but caused concern with its decision not to provide guidance for the second quarter. The company cited...

Super Micro Shares Drop 19% After Lower-than-Expected Q3 Results

Super Micro's shares dropped as much as 19% on Tuesday following the announcement of its preliminary third-quarter fiscal results, which fell short of analysts'...

Waymo and Toyota Partner to Explore Autonomous Technology for Personal Vehicles

Waymo, the autonomous driving division of Alphabet, and Toyota have announced a preliminary partnership to explore how to bring robotaxi technology to personally-owned vehicles....

Samsung Reports Record Revenue and Growth in Q1 Despite Economic Challenges

Samsung Electronics exceeded analysts' expectations in its first-quarter results, with a 10% increase in revenue and a 1.5% rise in operating profit. The company’s...

AI Revolutionizing Software Development at Microsoft and Meta

Satya Nadella, CEO of Microsoft, revealed that up to 30% of the company's code is now written by artificial intelligence, marking a significant shift...

UK Risk of Losing Fintech and Crypto Innovation to Global Hubs

The UK risks losing emerging fintech and cryptocurrency entrepreneurs to rival hubs if it doesn’t address key regulatory and funding challenges, according to industry...

SoFi to Re-Enter Cryptocurrency Market with Expanded Offerings

SoFi CEO Anthony Noto has announced that the fintech bank will reintroduce cryptocurrency investing by the end of this year after a significant regulatory...

United Airlines Reopens Expanded Polaris Lounge at Chicago O’Hare

United Airlines has reopened its flagship Polaris lounge at Chicago O’Hare International Airport, offering an enhanced experience for premium international travelers. Located in Terminal...

JetBlue Nears Major Partnership to Expand Reach After Failed Mergers

JetBlue Airways is preparing to announce a strategic partnership with a larger U.S. airline in the coming weeks, aiming to expand its network and...

Pfizer Expands Cost-Cutting Plan, Beats Q1 Earnings Amid Declining Covid Sales

Pfizer reported better-than-expected first-quarter earnings while unveiling an expanded cost-cutting initiative aimed at stabilizing its business amid a continued drop in Covid-related revenue. While...

Novo Nordisk Expands Wegovy Access Through Telehealth Amid End of Compounding

Novo Nordisk announced that it will make its weight loss drug Wegovy available through telehealth platforms Hims & Hers Health, Ro, and LifeMD, as...

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