Alibaba's new CEO Eddie Wu emphasizes the need for the company to be "user first" and "AI-driven," and calls for a start-up mindset as he aims to steer the company back to growth and make strategic investments in technology-driven internet platforms and artificial intelligence.
Ireland's Smurfit Kappa and U.S. rival WestRock have agreed to merge, creating the world's largest listed paper and packaging company worth nearly $20 billion, but Smurfit Kappa shares were down 10% as analysts questioned the higher-than-expected premium being paid.
Hugging Face, an AI startup, has raised $235 million in a Series D funding round, with participation from tech giants such as Google, Amazon, Nvidia, and IBM, and now has a valuation of $4.5 billion, signaling the growing demand for AI platforms and tools.
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Nvidia, the world's most valuable semiconductor company, is experiencing a new computing era driven by accelerated computing and generative AI, leading to significant revenue growth and a potential path to becoming the largest semiconductor business by revenue, surpassing $50 billion in annual revenue this year.
Trader Joe's has issued a food recall for its Texas Tamale Company Gourmet Black Bean Tamales due to potential milk allergens, marking the sixth recall the chain has made since July.
McDonald's is phasing out self-serve soda machines in its US restaurants by 2032, as the company adapts to changing consumer behavior and a shift towards drive-thru and delivery services.
The US FDA has authorized updated COVID vaccines that target the Omicron variant, with Pfizer and Moderna vaccines expected to be available in the coming days, and they are believed to offer crossover protection against different variants causing illness.
US stocks opened higher on Thursday, supported by steady inflation and positive labor market data, with tech-heavy Nasdaq and S&P 500 both up 0.2% and the Dow up 0.4%, while investors anticipate a dovish Fed tilt.
Tesla's stock surged 10% to reach its highest level in over a month after an upgrade from Morgan Stanley, which praised Tesla's Dojo supercomputer and predicted a potential $1 trillion market capitalization for the company.
Google is currently facing a major antitrust trial in which the federal government and several states and territories are accusing the company of protecting a monopoly, potentially leading to significant consequences for Google and other tech giants.
The flagship Nordstrom store in downtown San Francisco is closing permanently due to declining business and a decrease in mall visitors.
The United Auto Workers (UAW) union vote in support of a strike at the Big Three automakers is driven by the demand for an end to the tiered employment system and improved pay and benefits for temporary workers.
Alibaba's new CEO plans to prioritize artificial intelligence, user experience, and promoting a younger generation of leadership.
Eight technology companies, including Salesforce and Nvidia, have joined the White House's voluntary artificial intelligence pledge, which aims to mitigate the risks of AI and includes commitments to develop technology for identifying AI-generated images and sharing safety data with the government and academia.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on spot bitcoin ETF applications until October, causing a 4.1% drop in bitcoin's value.
SpaceX's dominance in the rocket launch market is raising concerns about monopoly and the potential impact on the commercial prospects of the industry, according to a Lazard investment banker at the World Satellite Business Week conference.
UPS CEO Carol Tome has stated that the new five-year deal with Teamsters-represented workers will cost less than the $30 billion outlined by the union.
Germany's recent economic struggles, including a projected contraction in 2023, have led to the resurrection of the nickname "the sick man of Europe," although some economists argue that the label doesn't accurately reflect the country's current economic state, given its record employment and strong position among major economies.
3M is close to reaching a settlement of approximately $5.5 billion to resolve complaints regarding faulty earplugs.
Intel shares are rising as CEO Pat Gelsinger announced that third-quarter financial results are surpassing the company's guidance range, prompting an acceleration of the Arizona fab build-out after receiving a large customer order.
Amazon has committed to funding the largest deployment of direct air capture (DAC) technology, purchasing a quarter of a million metric tons of carbon removal from 1PointFive's STRATOS plant over the next decade, as part of its efforts to decarbonize its global operations, while Microsoft has agreed to buy carbon credits from Heirloom Carbon, aiming to remove up to 315,000 metric tons of carbon dioxide over the next decade.
Walter Isaacson's biography of Elon Musk reveals the visionary's flaws and successes, highlighting his polarizing nature as one of the wealthiest and most influential figures in the world.
Gold and silver prices are slightly weaker in early US trading on Thursday, following this week's gains, but both gold and silver bulls still have momentum on their side.
Instacart is set to go public with a valuation of up to $9.3 billion, highlighting the importance for tech unicorns to not delay their IPOs and navigate the challenges of running a public company.
TikTok is rolling out TikTok Shop in the US, aiming to convert the app's influence into a new revenue stream by allowing users to buy products within the app through videos with shopping buttons.
Smoothies made with bananas may significantly decrease the absorption of flavanols, according to a study from UC Davis, suggesting that combining flavanol-rich fruits like berries with low-PPO ingredients could help meet dietary recommendations for flavanol intake.
A UPS delivery driver in North Texas died after collapsing on his route during scorching heat, though the cause of death is still unknown.
Japan Airlines has launched a year-long trial called "Any Wear, Anywhere" that allows travelers to book a set of clothes for their trip, which are delivered to their hotel and washed upon their return, potentially reducing carbon emissions by cutting down on luggage weight.
California lawmakers have passed legislation that would require major corporations to disclose their direct and indirect greenhouse gas emissions, aiming to increase transparency and drive companies to reduce their emissions.
The average long-term U.S. mortgage rate dropped slightly after five consecutive weeks of increases, providing some relief to homebuyers facing high home prices and limited inventory.
The U.S. has experienced a record-breaking 23 weather disasters costing $1 billion or more so far in 2023, surpassing the previous record of 22 in 2020, with a total cost of over $57.6 billion and 253 fatalities, and the number could continue to rise.
Snack company Hostess is being acquired by J.M. Smucker in a $5.6 billion cash-and-stock deal.
CVS Health is launching Cordavis, a subsidiary that will collaborate with manufacturers to produce and commercialize more affordable biosimilar drugs derived from biotechnology.
Tesla CEO Elon Musk has demanded high standards of quality and fit and finish for the upcoming Cybertruck, emphasizing the need for sub 10 micron accuracy and comparing it to the precision of LEGO products and soda cans.
Federal Reserve Chair Jerome Powell is expected to signal in his upcoming speech that the Fed plans to maintain its benchmark interest rate at a peak level for a longer period than anticipated, suggesting that any rate cuts are unlikely until well into next year, as the central bank aims to further slow borrowing and spending to reduce inflation.
Fuel purchased after 10:00 a.m. on Saturday at Citgo gas stations supplied by the Port of Tampa may be contaminated, potentially causing engine damage or affecting operability.
Elon Musk's social media company, X (formerly Twitter), is facing 2,200 arbitration claims from ex-employees, resulting in potential filing fees of $3.5 million, as former employees seek to move their cases to trial.
Walter Isaacson's book "Elon Musk" reveals a heated exchange between Elon Musk and Bill Gates, with Musk expressing his frustration over people shorting Tesla stock.
CNN's new chairman, Mark Thompson, acknowledges the challenges facing the network and the low morale among staff, as he prepares to take over on October 9, with the main challenge being to improve the ratings and stabilize the operation.
An FDA advisory panel has declared that phenylephrine, a key ingredient in many over-the-counter cold and allergy medications, is ineffective in relieving nasal congestion when taken orally, potentially disrupting the market for these OTC remedies.
The Powerball jackpot has reached over $550 million, with the next drawing set for Wednesday, September 13th.
Florida officials are warning of potentially widespread fuel contamination that could harm engines in gas purchased after a certain date, coinciding with the approach of Tropical Storm Idalia and potentially leaving residents stranded on the road.
Kia America is recalling several models made between 2016 and 2018 due to an issue with the trunk latch that may cause people to become trapped inside.
A cyberattack has caused a shutdown of operations at a dozen iconic Las Vegas hotels owned by MGM Resorts, leaving guests locked out of their rooms and unable to use digital keys.
Morgan Stanley's upgrade of Tesla's stock to "overweight" and their positive outlook on Tesla's Dojo supercomputer led to a 10% rally in the company's share price, with the potential of adding up to $500 billion to its market value.
The United Auto Workers has filed unfair labor practice charges against General Motors and Stellantis for not bargaining in good faith, while also criticizing Ford Motor's counterproposal for including unfavorable terms.
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