McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
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PayPal Outperforms Expectations with 9% Revenue Increase, Thanks to 'Branded Checkout'
PayPal raised its 2024 profit forecast for the second time this year due to strong performance in its branded checkout business, resulting in a 9% rise in shares, despite increased competition from tech giants.
China to Develop Home-Grown AI Solutions Using Supercomputers to Counter US Sanctions
China is turning to supercomputing to boost its AI capabilities in response to U.S. sanctions on advanced semiconductors and GPUs, which are crucial for developing large language models (LLMs).
Procter & Gamble's Stock Drops as Revenue Misses Expectations
Procter & Gamble's earnings beat expectations, but its revenue fell short, leading to a 4.6% drop in stock price despite a historical 1% increase in volume.
US Farmers Struggle with Extreme Heat; Higher Fruit and Vegetable Prices Expected
Record-breaking heat waves are expected to increase U.S. produce prices as extreme temperatures reduce crop yields. Farmers face higher growing costs and potential long-term impacts on key crops like corn and strawberries.
Latest News
US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are in Manila this week to announce a $500 million defense funding to help the Philippines in its deterrence against China.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Daniel Tobok, founder and CEO of CYPFER and a veteran in cybersecurity with nearly three decades of experience, emphasizes the importance of proactive cybersecurity measures.
Chinese President Xi Jinping and Italian Prime Minister Giorgia Melon signed a new trade agreement, citing the history of the Silk Road Route despite Italy's exit from the Belt and Road Initiative.
Movie theater giants, AMC, Cinemark, and Imax saw massive financial gains after 'Deadpool & Wolverine' opened to a record-breaking $205 million at the domestic box office, making it the highest-grossing R-rated movie debut.
Bitcoin has surged to nearly $70,000, its highest since mid-June, driven by former President Trump's vow to make the US a crypto power in his speech during his campaign.
Apple’s new AI features, dubbed ‘Apple Intelligence,’ will be delayed until October and won’t debut with the initial iOS 18 and iPadOS 18 releases, allowing extra time for stability improvements.
Following safety certification scandals, Toyota Chairman Akio Toyoda warns that he may lose his board position if declining shareholder support, currently at its lowest ever, continues.
High prices and local warnings have led to a decline in tourism to Paris during the Summer Olympics, impacting airlines and the hospitality industry.
