January 9, 2025
Jimmy Carter’s funeral will bring all five living presidents together in Washington, D.C.
Supporters and friends of the late President Carter will attend his funeral Thursday at Washington, D.C.’s National Cathedral. The service, scheduled to begin at 11 a.m., comes as President Biden declared Thursday a National Day of Mourning for the 38th president, who died Dec. 29 at the age of 100. The so-called presidents’ club — […]
January 9, 2025
Justice Alito says he spoke with Trump about former clerk before hush-money filing to high court
Supreme Court Justice Samuel Alito confirmed to Fox News Wednesday that he spoke with President-elect Donald Trump the day before Trump’s high court appearance but said they did not discuss an emergency application the former president’s legal team planned to file to delay the sentencing. Alito told Fox News’ Shannon Bream he was asked if […]
January 9, 2025
Why Apple’s $1 billion bid couldn’t sway Indonesia’s ban decision
Indonesia has upheld its ban on the sale of Apple Inc.’s iPhone 16s, stating that the tech giant’s $1 billion investment plan, which includes the construction of an AirTag factory, is not sufficient to meet the country’s domestic content requirements. This decision emphasizes Indonesia’s firm stance on local production, highlighting a significant challenge for Apple […]
January 9, 2025
Getty Images, Shutterstock merge to form $3.7B visual content powerhouse
The visual content industry is witnessing a seismic shift as Shutterstock and Getty Images, two of the biggest players in the field, announce their merger. The combined entity, valued at $3.7 billion, will reshape the global visual media landscape, offering a vast portfolio of imagery, video, and music. This strategic move comes amid skyrocketing demand […]
January 9, 2025
Meta brings eBay to Facebook marketplace: a bold new test for tech giant?
Meta, the parent company of Facebook and Instagram, announced a series of significant changes this week, signaling a shift in its approach to both e-commerce and content moderation. On Wednesday, the company revealed plans to test integrating eBay listings into Facebook Marketplace, while on Tuesday, it announced the abandonment of independent fact-checkers, replacing them with […]
January 9, 2025
Dow Jones drops, S&P flat on Fed uncertainty; Maplebear Rallies, Exxon and Shell slump
US equity benchmarks were mixed on Wednesday as stronger than expected employment data raised concerns over future pace of rate cuts by the Federal Reserve. At the time of writing, the Dow Jones Industrial Average was down 0.3%, while the S&P 500 index was little changed from the previous close. The Nasdaq Composite was also […]
January 9, 2025
RGTI, IONQ, QBTS plunge on Nvidia CEO Huang’s comments: should you buy the dip?
Quantum computing stocks like IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing were each down by more than a whopping 40% after Nvidia chief Jensen Huang’s comments that he did not expect quantum computers to be a reality any time soon. IonQ (IONQ) was down by 43.17%, Rigetti Computing (RGTI) by 46.25%, D-Wave Quantum (QBTS) by 47.70%, […]
January 9, 2025
A tricky start to 2025
It’s fair to say that, as far as US stock indices were concerned, last year ended on a whimper rather than a bang. Yet overall it was a fine performance for the US majors, which saw the broad-based S&P 500 gain 23% in 2024, following on from a 24% gain in 2023. This was the […]
January 9, 2025
Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know
For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining. Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial cornerstone for eateries. However, US Surgeon General Vivek Murthy’s latest warning about alcohol as a […]
January 9, 2025
Apple Pay down: users report Apple Cash issues disrupting payments across platforms
Apple Pay users faced a frustrating disruption on Wednesday afternoon as the payment service, particularly Apple Cash, experienced widespread outages. Reports of the issue began surfacing around 1 p.m. EST, leaving many users scrambling to find alternative payment methods. The outage, which primarily impacted fund transfers and access to Apple Cash, sparked confusion and frustration […]
January 9, 2025
Biden set to tighten Nvidia AI chip exports to maintain US AI dominance
The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate US leadership in AI development and ensure global compliance with American security and human […]
January 9, 2025
Asian stocks wobbly on Thursday: Nikkei down 1%, Hang Seng flat
Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates. The sentiment was influenced by US jobs data, which provided a mixed picture of the labour market, and Federal Reserve meeting minutes indicating a cautious stance on future monetary policy decisions. Japan’s Nikkei extends decline […]