Tag: Business
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The memory shortage shaking Apple and Microsoft is ‘existential crisis’ for smaller players
While Apple and Microsoft raise prices on key devices to help cover the soaring costs of memory, smaller consumer electronics companies are in dire straits.
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How Kohl’s lost its way — and is trying to become relevant again
Kohl’s went from a household name to a plunging stock as it lost relevancy and its core customer. Now, the company is trying to turn itself around.
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A surprisingly strong summer box office could mean Hollywood’s first $10 billion year since the pandemic
Hollywood is having its best summer since the pandemic putting the annual box office on pace to cross $10 billion for the first time in seven years.
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China Eastern Airlines to buy 25 Airbus A330neo jets for US$9.4 billion
HONG KONG: China Eastern Airlines said on Friday (Jun 26) that it plans to buy 25 A330neo jets from Airbus for a catalogue price of about $9.35 billion, as the Chinese carrier expands its widebody fleet to serve more international routes.The aircraft are scheduled to be delivered in batches from 2029 to 2033,
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SpaceX, Charter discuss mobile phone partnership in US, Bloomberg News says
June 26 : SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News reported on Friday, citing sources.• SpaceX already offers direct-to-cell connectivity with T-Mobile in the U.S., providing
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SpaceX set to join Nasdaq 100, paving way for wave of passive buying
June 26 : SpaceX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, paving the way for a surge in passive investments in Elon Musk’s rocket and AI giant.
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US bans imports of more Chinese technology goods
WASHINGTON, June 26 : The U.S. Federal Communications Commission on Friday said it will ban the import of more equipment from a group of Chinese manufacturers, the latest move by Washington to crack down on Chinese-made electronic gear.The move expands an FCC ban imposed in 2022 on new models of telecommunica
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GameStop pledges to pursue its takeover offer for eBay despite rejection
June 26 : GameStop pledged on Friday to pursue its proposed takeover of eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.The company also said in a short regulatory filing that this year’s earnings will be strong, helping push u
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US allows Anthropic to release Mythos to some US companies
June 26 : The U.S. government on Friday allowed Anthropic to release its powerful Claude Mythos 5 AI model to some “trusted partners”, according to a Commerce Department letter seen by Reuters.More than 100 companies and institutions have access to Mythos 5, including many Fortune 500 companies, a source told
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US seizes nearly 400 websites that were illegally streaming World Cup, DOJ says
WASHINGTON, June 26 : The United States has seized nearly 400 internet domains that were being used to illegally stream the World Cup, officials said on Friday, describing the move as one meant to disrupt international networks profiting from the popularity of the tournament.The U.S. Justice Department said t
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