The U.S. Department of Defense has added dozens of Chinese companies, including gaming and technology giant Tencent, artificial intelligence firm SenseTime, and the world’s largest battery manufacturer CATL, to its list of companies it alleges have ties to China’s military. In recent years, Washington has intensified efforts to limit the sharing of advanced technologies such…
Chinese Stock Market Enters A Low Phase With New Year Starting Trends
Asian stocks have now fallen for a fourth consecutive session, driven by diminished expectations for Federal Reserve interest rate cuts and a continued selloff in Chinese equities. The MSCI Asia Pacific excluding Japan Index dropped as much as 1.7%, hitting its lowest level since August of last year. Key contributors to this regional decline included…
NHTSA Investigation Against Tesla Over Crashes Due To Auto-Summon Function
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into crashes reportedly linked to Tesla’s “Actually Smart Summon” feature. This parking assist feature allows Tesla owners to summon their vehicles from a parking space without being inside the car. The preliminary investigation involves approximately 2.6 million Tesla vehicles equipped with this technology and…
Ted Farnsworth, Creator of MoviePass Pleads Guilty To Fraud Charges
Ted Farnsworth, the creator of MoviePass’ ill-fated $9.95-a-month subscription plan, pleaded guilty on Tuesday to defrauding investors in the company. In addition to the MoviePass case, Farnsworth also admitted guilt to a conspiracy charge related to a separate scheme involving a fabricated video-sharing platform. Prosecutors allege that he orchestrated this second scheme while under investigation…
Nippon Steel is Resolute On Acquiring US Steel For $15 Billion Despite Biden’s Block
Nippon Steel remains resolute in its $15 billion acquisition bid for U.S. Steel, Chief Executive Eiji Hashimoto stated on Tuesday, following President Joe Biden’s decision to block the Japanese steelmaker’s attempt. “There is no reason or need to give up,” Hashimoto told reporters at the company’s Tokyo headquarters. “We are convinced it’s clearly beneficial for…
Getty Images And Shutterstock Merger Amid Image AI Engines Competition
Getty Images (GETY) and Shutterstock (SSTK) have announced a $3.7 billion merger, uniting two major players in the licensing of photographs and other visual content. The announcement sent both companies’ stocks soaring, while Adobe (ADBE), a competitor in design tools and visual content licensing, saw its stock dip, potentially facing stiffer competition from the newly…
Alcohol Labels Should Have Cancer Risk Warnings, U.S. Surgeon General Claims
The U.S. Surgeon General issued a new advisory on Friday highlighting the connection between alcohol consumption and an increased risk of cancer, urging policy changes to reduce the number of alcohol-related cancer cases. U.S. Surgeon General Dr. Vivek Murthy stated that the link between alcohol consumption and at least seven types of cancer, including those…
Auto Recovery Trend Continues As GM and Ford Report Best Annual Sales Since 2019
Sales of new vehicles in the United States saw continued growth last year, recovering from the historically low levels caused by the COVID-19 pandemic and the supply chain disruptions over the past four years. On Friday, American automakers General Motors (GM) and Ford Motor Company both reported their best annual U.S. new vehicle sales since…
FAA Wants Boeing To Prioritize Safety Amid Persistent Quality Issues
Mike Whitaker, the Administrator of the United States Federal Aviation Administration (FAA), has emphasized that Boeing must undergo a “fundamental cultural shift” to prioritize safety and quality over profits. This statement came in a blog post marking the one-year anniversary of an incident in which a door plug detached from an Alaska Airlines Boeing 737…
Bluefin Tuna Weighing 608 Pound Auction For $1.3 Million in Japan
A bluefin tuna sold for a staggering $1.3 million at a predawn auction in Tokyo on Sunday, making it one of the most expensive tuna ever sold in sushi history. The 608-pound fish, which weighs roughly as much as a typical male grizzly bear, was caught off the coast of Oma in Japan’s northern Aomori…