Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims that the tech giant engineered Facebook and Instagram to be addictive to children. According to court filings, the seven-week trial in Oakland tests allegations from Colorado, Kentucky, California, and New Jersey that Meta designed … Read more
Major bridal chains and designers are actively sketching Swift-inspired wedding gowns and monitoring upcoming dress reveals, anticipating a surge in market demand following the pop star’s high-profile celebration. According to Reuters, brands like David’s Bridal and Justin Alexander are preparing new collections despite strict secrecy surrounding the Christian Dior dress worn at Madison Square Garden … Read more
A consortium including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin is nearing an agreement to acquire approximately a one-third stake in Premier League club Liverpool, according to multiple media reports. Sky News reported that the investment syndicate is spearheaded by Amit Bhatia—previously a stakeholder in EFL Championship side Queens Park Rangers and son-in-law … Read more
Treasury Wine Estates Faces A$558.4 Million Charge Amid U.S. Operational Pivot Treasury Wine Estates (TWE.AX) expects to record an additional A$558.4 million ($394.5 million) post-tax charge in 2026, stemming from a strategic review of its Americas business. According to Reuters, this write-down targets U.S.-based assets and brands, following a June announcement that identified excess supply-chain … Read more
Chinese mainland tax authorities have started levying a 20% personal income tax on returns from offshore insurance policies, according to a report by Caixin citing tax lawyers and insurance insiders. The enforcement action triggered a steep sell-off in major insurers, with Prudential shares falling as much as 13% on Wednesday. Tax Crackdown Targets Offshore Insurance … Read more
SpaceX’s first earnings call as a public company is drawing intense retail investor interest in unconventional topics, ranging from pink rockets to Shiba Inu mascots, according to Reuters reporting by Akash Sriram published on August 1. While the call may be expected to focus on AI spending and profits from the Starlink satellite communications network, … Read more
Samsung Electronics expects global memory chip shortages to worsen and extend into 2028, according to company executives, even as surging semiconductor prices drive massive profit growth while simultaneously squeezing the firm’s mobile division. The memory giant posted an operating profit of 89.2 trillion won ($61.7 billion) for the second quarter, marking a more than 250-fold … Read more
Disney and director James Cameron are asking a California federal court to dismiss a lawsuit filed by Indigenous actor Q’orianka Kilcher, who accused the filmmakers of misusing her likeness to create the protagonist Neytiri in the blockbuster “Avatar” franchise. According to a court filing submitted on Tuesday in the U.S. District Court for the Central … Read more
Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT) has seized newfound pricing power amid a global supply scramble, hiking costs for major tech firms like Huawei and securing a multi-billion dollar deal with TikTok owner ByteDance, according to sources familiar with the matter. The shift highlights a dramatic turnaround for domestic semiconductor firms once reliant … Read more
Public health authorities are currently scrambling to secure medical countermeasures for an outbreak of the Bundibugyo strain of the Ebola virus in the Democratic Republic of Congo. With 2,473 confirmed cases and 999 deaths reported by the government, the lack of approved vaccines or treatments for this specific strain—which carries a fatality rate of up … Read more