ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 399.94 points or -0.87% to 45,354.99 • Shanghai decreased 25.196 points or -0.65% to 3,828.106 • Hang Seng decreased 356.48 points or -1.35% to 26,128.20 • ASX 200 increased 14.70 points or 0.17% to 8,787.70 • SENSEX decreased 733.22 points or -0.90% to 80,426.46 • Nifty50 decreased 236.15 points or -0.95% to 24,654.70 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00064 or 0.10% to 0.65445 • NZDUSD increased 0.00036 or 0.06% to 0.57678 • USDJPY decreased 0.358 or…
Author: Staff Writer
The official U.S. Department of Homeland Security X account has been testing out a new social media strategy that no one asked for, as a meme lord. On Monday, a video posted to the DHS’s X account used the Pokémon catchphrase “Gotta Catch ‘Em All” to compare ICE arrests to hunting the titular creatures. The video ends with mugshots of those arrested by ICE super imposed onto fake Pokémon trading cards, alongside their alleged crimes, including murder, pedophilia, burglary, murder, and child endangerment. On Tuesday, Theo Von, the podcast host of “This Past Weekend,” which had Trump on as a…
Most U.S. stocks are rising Friday after a report showed that inflation is behaving roughly as economists expected, even if it’s still high. The S&P 500 added 0.2%, as four out of every five stocks within the index climbed. The Dow Jones Industrial Average was up 211 points, or 0.5%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.1% lower because of drops for a handful of influential Big Tech stocks. All three indexes are near their all-time highs set at the start of the week. Stocks got some help from a report showing that inflation in the United…
Starbucks‘ chief technology officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. The memo, written by Chief Financial Officer Cathy Smith, named Ningyu Chen, previously senior vice president of global experience technology, as interim chief technology officer. Lefevre’s resignation comes as Starbucks announced its second round of deep cuts in corporate roles, effective Friday, as CEO Brian Niccol pushes a tech revamp in stores to make labor more efficient, part of a turnaround strategy to revive flagging sales after six consecutive quarters of decline. Using AI to revamp…
Don’t look now, but President Trump just issued more sweeping tariffs. This latest round stands to affect two groups particularly hard: homeowners and furniture and home furnishing companies. That’s because the new round of Trump’s tariffs will see up to 50% fees applied to kitchen cabinets and upholstered furniture imported into the United States. Here’s what you need to know. What’s happened? Yesterday, the president of the United States took to his social media platform to announce another sweeping round of tariffs, including a 100% tariff on some pharmaceutical products and a 25% tariff on heavy trucks. But smack in…
Turkish Airlines, Turkey’s national carrier, has announced plans to add 225 Boeing aircraft to its fleet.In an a declaration to the Istanbul Stock Exchange on Friday, the airline said it has decided to purchase 75 Boeing B787-9 and B787-10 aircraft and has completed negotiations with Boeing to acquire 150 737-8/10MAX models.The announcement was made a day after Turkish President Recep Tayyip Erdogan met with U.S. President Donald Trump in Washington.Turkish Airlines will place 50 confirmed and 25 optional orders for the B787-9 and B787-10 aircraft, scheduled for delivery between 2029 and 2034. The B787-9 and B787-10 are advanced, fuel-efficient long-haul…
A federal judge on Thursday approved a $1.5 billion settlement between artificial intelligence company Anthropic and authors who allege nearly half a million books had been illegally pirated to train chatbots.U.S. District Judge William Alsup issued the preliminary approval in San Francisco federal court Thursday after the two sides worked to address his concerns about the settlement, which will pay authors and publishers about $3,000 for each of the books covered by the agreement. It does not apply to future works.“This is a fair settlement,” Alsup said, though he added that distributing it to all parties will be “complicated.” About…
President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1.The posts on his social media site showed that Trump’s devotion to tariffs did not end with the trade frameworks and import taxes that were launched in August, a reflection of the president’s confidence that taxes will help to reduce the government’s budget deficit while increasing domestic manufacturing.While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of…
Senate Majority Leader John Thune is rejecting Democratic demands on health care as unserious but says a government shutdown is still “avoidable” despite sharp divisions ahead of Wednesday’s funding deadline.“I’m a big believer that there’s always a way out,” the South Dakota Republican said in an interview with The Associated Press on Thursday. “And I think there are off-ramps here, but I don’t think that the negotiating position, at least at the moment, that the Democrats are trying to exert here is going to get you there.”Thune said Democrats are going to have to “dial back” their demands, which include…
Hi, everyone, and welcome back to Fast Company’s Plugged In. Our new print issue features “How YouTube Ate TV,” an oral history of the video-sharing site’s impact on entertainment, culture, and business as told by dozens of eyewitnesses past and present. As we stitched sound bites together into a story, it became clear that our interviews had provided an embarrassment of riches. Indeed, we had too many great stories and insights to cram into one magazine article. So we expanded the online version of the article into five oral histories. Two are live on our site now, covering the company’s…