Tag: Business
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Meta’s Threads reaches 500 million monthly users, rolls out new features
June 16 : Meta Platforms said on Tuesday its Threads app had reached 500 million monthly active users, nearly three years after the social network platform was launched as a competitor to Elon Musk’s X.The social media company also announced new customization and community features on the platform.Here
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French startup bets on non-humanoid design in crowded AI robot race
PARIS, June 16 : Genesis AI, the French robotics startup backed by former Google CEO Eric Schmidt, unveiled its first general-purpose robot on Tuesday, as AI capabilities expand beyond chatbots and into physical machines.The robot, named Eno, breaks from the humanoid design usually favoured by leading manu
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Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands.
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Industrial zones attract manufacturers and logistics investment
Industrial production in special economic zones rose 42.7% in the first nine months of 2025 in Uzbekistan. From Navoi’s logistics ambitions to expanding trade through Termez, new projects are drawing manufacturers and investors from across the region.
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SpaceX rally continues, Dow’s new record, Fox buys Roku and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Dollar steady, no respite for yen after BOJ hikes rates as expected
LONDON, June 16 : The dollar held at 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.President D
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Mobileye to launch robotaxi business in US next year
June 16 : Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves.Shares of the Jerusalem, Israel-based company rose more than 5 per cent in premarket t
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US supercomputer taps Intel spinout Cornelis Networks for networking chips
SAN FRANCISCO, June 15 : Cornelis, an Intel spinout developing networking technology aimed at data centers, on Tuesday said that its chips are now being used by a U.S. supercomputer used for nuclear weapons work.Under the National Nuclear Security Administration, a trio of U.S. national labs works to develop
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Spain approves €719 million AI gigafactory investment and hopes for EU funds
MADRID, June 16 : Spain has allocated €719 million ($834 million) towards building an AI gigafactory to try to reduce its dependence on foreign technology and ensure AI development complies with European regulations, the government said on Tuesday.• The investment will make the government a shareholder in
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Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
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