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US House Approves Bill Mandating That ByteDance Sell TikTok Or Risk Being Banned

In the biggest danger to the short-video app TikTok since the Trump administration, the U.S. House of Representatives overwhelmingly backed a bill that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off its U.S. assets or risk having the app banned.  ...

OpenAI Refutes Allegations In Elon Musk Lawsuit And Said No Founding Agreement Was Ever There

Elon Musk, the CEO of Tesla, sued the startup earlier this month, and OpenAI has contested a fundamental assertion he made.   OpenAI is facing numerous legal challenges as it tries to market its ChatGPT chatbot and underlying AI algorithms, including the Musk lawsuit and cases for copyright...

Ikea Is Lowering Prices As Inflation Declines, And Further Reductions May Be Forthcoming

As the rate of inflation around the world decreased, the Swedish furniture and home furnishings company Ikea increased its investments in price reductions and started slashing prices in several nations.   In an effort to moderate price hikes that were implemented in 2022, the corporation is...

Broadcom’s Stocks Fall Even After The Company Forecasts $10 Billion Revenues From In AI Chip Sale In 2024

Although the tech firm Broadcom's full-year prediction failed to excite investors,  it indicated that it anticipates $10 billion in sales this year from semiconductors connected to artificial intelligence. Despite this, the price fell.   Due to lower-than-expected revenue, smaller...

The Revolutionary Huawei Chip Had Utilised Technology From Two US Equipment Companies

According to reports quoting information from persons with knowledge of the situation, Huawei Technologies Co. and its partner Semiconductor Manufacturing International Corp. relied on US technology to develop an advanced chip in China last year.   They asked not to be identified because the...

Target Announces A Paid Membership Tier And Expects Sales To Rebound In 2024

Target's shares increased 12% after the company posted better holiday-quarter earnings on a smaller-than-expected sales fall and forecast that annual comparable sales would come in considerably above Wall Street estimates.   To increase sales at its outlets, the mass merchandiser is counting...

Tesla's Stock Drops Following Lowering Of Price Target By Morgan Stanley Due To Waning Demand For EVs

After a closely followed Morgan Stanley analyst cut his price target on the company, stating that despite significant price reductions, demand for electric vehicles was still declining in important markets, notably China, Tesla's shares saw a third day of declines.   After Tesla's poor...

U.S. Lab Reports Presence Of Cancer-Causing Chemical In Clinique And Clearasil Acne Treatments

Certain acne treatments, such as Clinique by Estee Lauder, Up & Up by Target, and Clearasil by Reckitt Benckiser, have high concentrations of the carcinogen benzene, according to independent U.S. laboratory Valisure.   The lab in New Haven, Connecticut, Valisure said on Wednesday that it...

Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams

A preview of an artificial intelligence tool for clients' financial departments was given by Microsoft on Thursday. This is a part of their aim to customise new software for specific professions, sectors, and eventually individuals.   According to the company, their product, Microsoft...

US Logistics Company Airspace Collaborates With Qualcomm And Grows In Asia

On Thursday, Airspace Technologies, a U.S. logistics startup that specialises in expedited freight transportation, announced that it is growing its operations in Asia and collaborating with Qualcomm and other semiconductor companies.   Using a mix of sensors attached to parcels and a...

6,000 US Workers Could File A Class Action Lawsuit Against Tesla Alleging Racial Bias.

About 6,000 Black factory workers in California may file a collective lawsuit against Tesla for allegedly failing to stop widespread racial discrimination and harassment at its Fremont facility, according to a tentative ruling by a state judge.   In a written judgement on Wednesday,...

Complaint Targets Standard Chartered Over Coal Plant Funding

According to reports on Thursday, environmental and human rights organisations have opened a new case against Standard Chartered for its financing of four coal-fired power plants in the Philippines, filing a complaint with a British government mediation organisation.   By funding the...
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