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Starbucks Faces 34 New Union Complaints Amid Rising Tensions with Workers
Friday, January 10, 2025 - 2:37am | 455Starbucks Corp. (NASDAQ:SBUX) is once again embroiled in labor disputes as its union has filed 34 new complaints with the National Labor Relations Board, marking a resurgence in tensions. What Happened: The complaints, lodged by Starbucks Workers United, accuse the company of...
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Nvidia Slams Biden's Country-Specific Chip Rules: 'Legacy That Will Be Criticized'
Friday, January 10, 2025 - 1:33am | 432Nvidia Corp. (NASDAQ:NVDA) has expressed strong disapproval of the Biden administration’s anticipated chip export restrictions. The proposed regulations aim to limit the global sale of U.S. artificial intelligence chips. What Happened: The new rules, expected to be announced as soon as Friday...
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Los Angeles Wildfires Stoke Investor Fears: Edison International's Stock Ended 10% Lower Wednesday
Thursday, January 9, 2025 - 8:30am | 581As wildfires continue to wreak havoc in Los Angeles, investor confidence in the financial stability of Edison International (NYSE:EIX) is waning. The concern stems from the possibility that the company’s equipment may have sparked the fires. What Happened: Southern California electric utility...
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After Apple Halts 'Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones
Thursday, January 9, 2025 - 7:52am | 463Samsung Electronics Co. Ltd. (OTC:SSNLF) is set to introduce a subscription model for its Galaxy smartphones. This move comes after Apple Inc. (NASDAQ:AAPL) paused its own subscription service plans last month. What Happened:The subscription service, known as the AI Subscription Club, was initially...
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Airbus CEO Warns Of 'Very Strong' US Protectionism Under Trump
Thursday, January 9, 2025 - 7:22am | 413European aerospace companies are bracing for “very strong” protectionism in the United States as Donald Trump prepares to take office. Guillaume Faury, CEO of Airbus SE (OTC:EADSY), voiced his concerns about the potential impact on the industry. What Happened: Faury, who also leads...
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El Salvador's Nayib Bukele Says 'Maybe We'll All Get The Chance To Buy Bitcoin At A Discount' After DOJ Clears Sale Of Over 69K BTC
Thursday, January 9, 2025 - 6:17am | 522Nayib Bukele, President of El Salvador, suggested that Bitcoin (CRYPTO: BTC) might soon be available at a reduced price. What Happened: Bukele’s comment came after a federal judge allowed the U.S. government to sell 69,370 Bitcoins, valued at $6.5 billion, seized from the Silk Road case...
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Blackstone Invests $300 Million In AI Data Firm That Powers Elon Musk's xAI Supercomputer
Thursday, January 9, 2025 - 4:49am | 466Blackstone Inc. (NYSE:BX) is making a significant move in the AI sector with a $300 million investment in DDN, a company known for its expertise in data storage and analysis. What Happened: The investment represents the first external funding for DDN, valuing the Chatsworth, California-...
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BlackRock Reportedly Faces $600 Million Loss In Alacrity Restructuring Ahead Of Earnings Report
Thursday, January 9, 2025 - 2:52am | 476A major BlackRock Inc. (NYSE:BLK) fund is confronting a loss exceeding $600 million tied to its investment in the insurance outsourcing firm, Alacrity. This development emerges amid the company’s ongoing debt challenges. What Happened: A consortium of private credit funds, including...
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Apple Clarifies Siri Privacy Policy After $95 Million Settlement Over Allegations Of Unauthorized Recordings
Thursday, January 9, 2025 - 1:33am | 535Apple Inc. (NASDAQ:AAPL) has clarified its privacy policies regarding Siri, following a $95 million settlement over allegations of unauthorized recordings. The company emphasized that it has never sold or used Siri data for marketing purposes. What Happened: According to Reuters...
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Ex-Google CEO Eric Schmidt Invests In 3D-Printed Rocket Maker As SpaceX-Led Space Race Heats Up
Thursday, January 9, 2025 - 12:51am | 453Eric Schmidt, the former CEO of Google and former executive chairman of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), has reportedly invested in Relativity Space Inc., a company specializing in 3D-printed rockets. What Happened: Relativity Space, headquartered in Long Beach, California, was ...
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Man Behind Tesla Cybertruck Blast Outside Trump Hotel Used ChatGPT For Planning, Says Las Vegas Police (UPDATED)
Wednesday, January 8, 2025 - 12:44pm | 569Editor’s note: This story has been updated with comment from OpenAI. A Tesla Inc. (NASDAQ:TSLA) Cybertruck explosion outside the Trump International Hotel in Las Vegas on New Year’s Day has been linked to the use of ChatGPT for planning. What Happened: The driver of a...
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DOGE Co-lead Elon Musk And Vivek Ramaswamy Reportedly On A Hiring Spree For Full Timers
Wednesday, January 8, 2025 - 9:08am | 443Elon Musk and Vivek Ramaswamy are reportedly actively seeking to fill key positions within the Department of Government Efficiency (DOGE). This initiative is part of their ongoing efforts to streamline federal spending. What Happened: Musk and Ramaswamy are actively recruiting for their Department...
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Nippon Steel CEO Slams Tariffs, Defends $15 Billion US Steel Merger Amid National Security Concerns: 'We Never Think That Industry Can Become Stronger Through Tariffs Alone'
Wednesday, January 8, 2025 - 8:29am | 559Eiji Hashimoto, CEO of Nippon Steel (OTC:NISTF) (OTC:NPSCY), has criticized tariffs as insufficient for strengthening the U.S. steel industry. What Happened: Hashimoto is pursuing legal action to prompt a review of his proposed $15 billion acquisition of U.S. Steel (NYSE:X) by the incoming...
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Bitcoin RSI Plunges To 'Oversold' Level Not Seen Since $60K, Signaling Potential Short-Term Recovery
Wednesday, January 8, 2025 - 7:54am | 459Following a sharp decline in Bitcoin’s (CRYPTO: BTC) price, a key metric has hit its lowest level in several months, leading to expectations of a short-term recovery. At the time of writing, BTC was down to $94,794.64, as per Benzinga Pro. What Happened: The relative strength index (RSI) for...
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Nvidia's Jensen Huang Said Something That Has All Quantum Computing Stocks Tumbling: QUBT And RGTI Down 13%, IONQ Down 11%
Wednesday, January 8, 2025 - 3:50am | 540Quantum computing stocks faced a sharp decline following remarks from Jensen Huang, CEO of Nvidia Corp. (NASDAQ:NVDA). During Nvidia’s analyst day, Huang expressed optimism about quantum computing’s future but warned that practical applications might be 15 to 30 years away....