US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal Reserve could lower borrowing costs soon in response…
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Warner Bros. Joins Disney, Universal in Copyright Infringement Lawsuit Against AI Firm Midjourney
Warner Bros. Discovery has filed a massive copyright lawsuit against artificial intelligence image creator Midjourney, alleging massive copyright infringement. The suit, filed in a Los…
Warner Bros. Discovery sues AI firm for Batman, Superman copyright infringement
Warner Bros. Discovery has joined a key copyright infringement case that could test the legal bounds of using artificial intelligence to create digital replicas of well-known characters.…
Gold holds firm near record high on US rate-cut expectations
Gold held steady on Thursday (Sep 4), hovering near all-time high hit in the previous session, buoyed by global uncertainties and increased expectations for a US interest rate cut, while…
Piotr Szczerek, CEO of Polish Paving Firm Drogburuk, Identified as US Open Hat Snatcher as Kamil Majchrzak Meets Young Boy and Gifts Him Souvenir
The man at the US Open who grabbed a hat signed by Kamil Majchrzak out of a young boy's hands has been identified as Polish millionaire and CEO Piotr Szczerek. Szczerek, CEO of the Polish…
Profit dives at China’s top food delivery firm Meituan amid intense competition
China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as it looks to stave off rising competition in the…
Vietnam billionaire’s taxi firm takes on grab in South-east Asia
Vietnam’s richest man Pham Nhat Vuong is looking to disrupt ride-hailing sectors across South-east Asia as his taxi company Green & Smart Mobility, or GSM, battles Grab Holdings to be the…
Yangzijiang Financial to anchor S$100 million fund of firm led by ex-CEO Vincent Toe
Yangzijiang Financial will be the anchor investor in a S$100 million fund by ICH Asset Management (ICHAM), which is led by the Singapore-listed company’s former chief executive, Vincent…
Senators Press Howard Lutnick’s Former Investment Firm Over Tariff Conflict of Interest Concerns
Last month, WIRED reported that the investment banking arm of Cantor Fitzgerald, a financial services company led by the sons of US commerce secretary Howard Lutnick, was exploring…
Electric vehicle sales growth eases to 21% in July: research firm
GLOBAL electric vehicle sales grew 21 per cent year-on-year in July, the slowest rate since January and down from 25 per cent in June, as momentum in plug-in hybrid sales in China…
House's top China hawk calls out GM for using vehicle batteries made by a Chinese military firm
General Motors is collaborating with a Chinese military company that supplies batteries used in People's Liberation Army submarines, according to a senior House leader. Source link
Sen. Lindsey Graham says Trump will stand firm with Putin
Sen. Lindsey Graham said President Trump won't stand for a bad deal from Russian President Vladimir Putin when they meet in Alaska next week. Source link
Skechers Beat Expectations in Q2 as Shoe Firm Continues on Path to Go Private
Skechers quietly released its second quarter earnings after the market closed on Friday as the company continues its work to go private. The Manhattan Beach, Calif.-based footwear company…
PR Agency Studio Beauty Acquires Wellness Firm Powers PR, Expands With Wellness Division
Studio Beauty, founded by Bex Meredith and Cindy Krupp, has acquired Powers PR for an undisclosed amount. Through the acquisition, Powers PR will become the Powers Wellness Division, while…
Claire’s Files For Bankruptcy in US and Canada as Debt and Increased Competition Weighs on Accessories Firm
Claire’s is headed back to bankruptcy court. On Wednesday, Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries (collectively Claire’s U.S.), the operator of…
Malaysian palm oil firm FGV to be delisted on August 28
Felda settlers own shares in the company but have not seen the returns that they were promised when the company was listed in 2012 Malaysia’s FGV Holdings, one of the world’s…
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
Brunei’s sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the hedge fund manager’s holding company, a move…
Western Craze Helps Boot Barn Kick Off Fiscal 2026 on a High Note as Firm Raises Full-Year Outlook
Boot Barn is starting a new fiscal year on a high note. In the first quarter of fiscal 2026, the Irvine, Calif-based footwear company saw net sales increase 19.1 percent to $504.1 million…
FireAid Hires Law Firm to Review Dispersal of Funds From Benefit Concert in Response to Congressman’s Inquiries
FireAid has hired a law firm, Latham & Watkins, to review the dispersal of roughly $100 million in funds that were raised in conjunction with a massive benefit concert earlier this year,…
China crypto firm Bitmain plans first US factory in Trump gambit
Bitmain Technologies, the world’s largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the “Made in America”…
Singtel associate Airtel’s data centre firm inks renewable-energy partnership to boost capacity
The tie-up promises to boost the data centre company’s infrastructural efficiency, decarbonisation efforts and operations Singtel regional associate Bharti Airtel announced on Monday (Jul…
Tech Firm Astronomer Targeted With Memes, Misinformation After Viral Video of CEO and HR Chief Caught in Alleged ‘Affair’ at Coldplay Concert
Astronomer, a start-up that sells data-operations software, received a ton of attention on Thursday. But not for its products or technology. At Coldplay’s concert Wednesday night in…
Global EV sales jump 24% in June though North American market struggles: research firm
GLOBAL sales of electric and plug-in hybrid vehicles jumped 24 per cent in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research…
Dutch firm moves to privatise Grand Venture Technology at S$0.94 apiece
A Dutch firm is looking to take Grand Venture Technology private by way of scheme of arrangement, said the precision engineering solutons company in a joint announcement with the offeror…