California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.
Archives
Red Sea Oil Tanker Attack to Possibly Increase Insurance Costs and Cause Trade Disputes
A Greek oil tanker, the Sounion, was set on fire and left drifting in the Red Sea after an attack by gunfire from small boats off Yemen, raising environmental and insurance concerns.
Trump’s Florida Golf Resorts Report Increased Revenues While His Other Businesses Struggle
Donald Trump's Florida golf resorts are now the primary source of revenue for his business empire, bringing in around $80 million annually.
Target’s Net Income Jumps Over 40% as Customer Spending Improves
Target’s stock surged after reporting a 3% sales increase for its fiscal second quarter and exceeding earnings expectations.
Consunji Family to Invest $177M in DMCI and Fund Its Cement and Construction Business
The Consunji family is investing $177 million into DMCI Holdings to fund the purchase of Cemex's Philippine cement business, with the deal expected to boost DMCI's portfolio.
Latest News
A luxury yacht named "Bayesian" sank off Sicily in a storm, leading to a major search for missing individuals, including Morgan Stanley's Jonathan Bloomer and tech entrepreneur Mike Lynch, with one confirmed dead and 15 rescued.
Canada's Alimentation Couche-Tard has made a $37.5 billion bid to acquire 7-Eleven, valuing 7-Eleven at twice its previous Tokyo listing.
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
Congresswoman Nancy Pelosi has criticized California's SB 1047 AI regulation bill as "ill-informed," arguing it could harm rather than help. State Senator Scott Wiener defends it as necessary for ensuring safety in large AI models.
Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.
Saudi Aramco is expanding its partnership with China by investing in petrochemicals and low-carbon technologies, aligning with China's energy security and sustainability goals.
Fortnite has returned to iPhones in the EU and is now available on Android globally, following a four-year removal from app stores due to payment disputes.
The Nevada Gaming Control Board has accused Resorts World Las Vegas of enabling illegal gambling and failing to address violations related to bookmaking and criminal ties.
