Articles by Jace Dela Cruz


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Arnold Schwarzenegger Detained in Germany, Faces Criminal Tax Proceedings Over Luxury Watch
Arnold Schwarzenegger was temporarily detained in Germany for failing to declare a luxury watch upon landing at Munich Airport.
China’s Yuan Beats US Dollar as the Top Currency Traded in Russia
China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
Stopgap Spending Bill to Avert Government Shutdown Passes Congress, Waits for Joe Biden's Signature
To avert a looming partial government shutdown, Congress passed a short-term spending bill on Thursday.
Wendy’s Taps PepsiCo Veteran of 32 Years Kirk Tanner to be Burger Chain’s New CEO
Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new CEO. Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new Chief Executive Officer (CEO), effective February 5.
Reddit Aims to Launch IPO in March With $10 Billion Valuation: Report
Popular social media platform Reddit is reportedly gearing up for its long-awaited initial public offering (IPO) in March.
JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
China Snubs Ukraine's Volodymyr Zelenskyy in Davos as It Continues to Side With Russia's Vladimir Putin
Ukraine's President Volodymyr Zelenskyy faced disappointment as his attempts to secure a meeting with Chinese officials during the annual World Economic Forum in Davos, Switzerland, were unsuccessful.
China Told to Stop Tests on New Mutant COVID-19 Strain With '100% Fatality Rate' in Mice as It Could 'Spillover' to Humans
Chinese scientists studying a new mutated strain of COVID-19 with a 100% fatality rate in "humanized mice" are being warned against further research due to "spillover risk" to humans.
US Designates Houthis as Terrorists, Launches Fresh Strikes in Yemen After Rebels Hit Another US-Operated Ship
The US has put Houthi rebels back on a list of terrorist organizations following the Yemen-based group's attack on another US-operated vessel in the Red Sea region.
Shein Faces Scrutiny From China's Internet Regulator Ahead of US IPO
China's internet regulator is conducting a security review of Shein. China's internet regulator is conducting a security review of Shein as the fast-fashion giant prepares for its initial public offering in the United States.
Joe Biden Administration Takes Credit for December’s Strong Retail Sales Numbers, Says 'That's Bidenomics at Work'
The administration of President Joe Biden has claimed credit for the strong retail sales numbers in December, saying, "That's Bidenomics at work."
Warren Buffett-Led Firm Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
New Colorado Tax Credit Aims to Slash Child Poverty, Leveraging TABOR Surplus
The chairmen of Congress' top tax policy committees announced on Tuesday a bipartisan initiative to enhance the child tax credit and reintroduce various tax breaks for businesses.
Goldman Sachs, Morgan Stanley 4Q Profits Still Beat Expectations
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
At Davos, Ukraine's Volodymyr Zelenskyy Lashes Out at Russia's Vladimir Putin, Urges Allies to Step up Its Support for Kyiv
For the first time since the start of Russia's invasion, Ukraine's President Volodymyr Zelenskyy has attended the annual World Economic Forum in Davos, Switzerland, in person.
JetBlue Airways' $3.8 Billion Acquisition of Spirit Airlines Blocked by Judge
A federal judge on Tuesday blocked JetBlue Airways' planned $3.8 billion acquisition of Spirit Airlines.
US Launches Additional Strikes Against Houthis in Yemen as Rebels Hit Greek Cargo Ship With Missile in Red Sea
The US military launched new strikes in Yemen on Tuesday, targeting anti-ship ballistic missiles in a part of the country controlled by Houthi rebels.
Amazon Rolls Out New Generative AI Tool to Answer Shoppers’ Queries in Seconds
Amazon has launched a new AI tool designed to quickly answer customer queries about a product. Amazon has launched a new AI tool designed to quickly answer customer queries about a product, marking another step in the company's exploration of generative AI.
Elon Musk Seeks 25% Voting Power at Tesla Before Pursuing AI and Robotics
Tesla CEO Elon Musk said he would be uncomfortable leading the automaker in artificial intelligence (AI) and robotics without securing at least 25% voting control of the company.
North Korea's Second Spy Satellite Launch Ends in Catastrophe: Mid-air Explosion Shatters Pyongyang's Ambitions
Another meeting between North Korea and Russia has fueled speculations about a potential arms deal between the two countries.
Donald Trump Wins Landslide in Iowa Republican Caucuses — Big First Step Toward a Rematch With Joe Biden in 2024
Former President Donald Trump won the Iowa Republican presidential contest as he received the most votes from GOP caucusgoers.
Microsoft Launches Copilot AI Assistant for Small Businesses and Consumers
Microsoft has introduced its Copilot virtual assistant for small businesses, allowing them to subscribe to the company's AI-powered tool in its productivity apps.
IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum
The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).
US Leads Public Distrust in Innovation, New Survey Shows
A new survey conducted ahead of the World Economic Forum's annual meeting this week revealed that businesses and governments are poorly managing and regulating new technologies.
US Delegation Sent by Joe Biden Arrives in Taiwan Despite China Opposing Any Official Exchanges Between the 2 Countries
The unofficial delegation of former US top officials sent by President Joe Biden arrived in Taiwan on Sunday for a three-day trip to exchange views on bilateral issues and prospects.
World's Richest Billionaires Like Elon Musk and Jeff Bezos Doubled Fortunes as Poorest Get Poorer, Oxfam Says as Davos Opens
The combined wealth of the world's richest five men has more than doubled since 2020, while some five billion people have been made poorer, according to anti-poverty group Oxfam.
Hunter Biden to Get New Subpoena in Congressional Probe, House Republicans Say
House Republicans have announced their intention on Sunday to issue a new subpoena for Hunter Biden, the son of President Joe Biden, in the coming weeks.
Joe Biden Announces Student Loan Cancelation for Some Borrowers
President Joe Biden has announced a new initiative to cancel federal student loans, targeting borrowers with relatively small debts.
Jeffrey Epstein Accuser Sues JPMorgan Chase
JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.
Closing Arguments Delivered In Trump's Civil Fraud Trial In NYC
Former President Donald Trump has been ordered by a Manhattan judge to pay The New York Times and its three reporters nearly $400,000 in legal fees.
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