Articles by Thea Felicity


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Orange Juice in US Gets Expensive As Citrus Greening Disease Devastates Orange Crops
Orange juice prices in the U.S. have surged to record highs due to a drop in orange production in Florida, mainly caused by extreme weather and an incurable citrus greening disease.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
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.
Air New Zealand Withdraws 2030 Emissions Initiative Due to Fuel Costs and Delays
Air New Zealand has dropped its 2030 climate goal due to challenges with fuel-efficient aircraft delivery and alternative fuel costs, making it the first major airline to revise near-term environmental targets.
Dubai's Tax-Free Lifestyle and Golden Visas Lure Wealthy Expats from UK
The UAE attracts millionaires due to its favorable tax environment and luxurious lifestyle. At the same time, the UK is expected to see a decline in its wealthy population due to rising taxes and costs.
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
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.
AMC, Cinemark, and Imax Stocks Surge Following ‘Deadpool & Wolverine’ Box Office Success
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 Almost Surges to $70,000 After Trump’s Vow to Make US 'Crypto Capital'
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 AI Features Absent in iPhone 16 and iOS 18 Release in September Due to Bug Fixes
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.
Toyota Chairman Warns of Potential Board Exit as Shareholder Support Dips Due to Scandals
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.
Paris Olympics Fails to Boost Tourism; Airlines and Hospitality Sectors Affected
High prices and local warnings have led to a decline in tourism to Paris during the Summer Olympics, impacting airlines and the hospitality industry.
Investors of Fast-Food Franchisees Express 'Wary' Over Profit As $5 Value Meals Get Extended
Fast-food chains are extending their $5 meal deals to continue attracting budget-conscious customers. Still, investors are worried about the long-term benefits for the companies and fear these discounts may not turn into profits.
Doubts on AI and Consumer Spending Halt Stock Market Surge
Recent earnings reports raise concerns about AI investments and consumer spending, causing a dip in tech stocks and interrupting a stock market rally.
Venezuela's Economic Reliance Expands From Oil to Music
Venezuela's economy, traditionally dependent on oil, is also significantly influenced by the music industry, highlighted by high-profile concerts such as those of Colombian reggaeton star Karol G.
Trump Vows to Make US a Crypto Leader During Bitcoin Conference
Donald Trump pledged to make the U.S. a leader in digital currencies after gaining high-profile crypto endorsements while promising to replace the SEC chair if elected.
Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding
Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.
G20 Reports Risks That Could Harm Global Economy, But Avoids Mentioning Ukraine and Gaza
G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
30% of Global EV Owners Consider Switching Back to Gas Cars, Survey Says
A recent McKinsey survey reveals nearly 30% of global EV owners, with 46% in the U.S., are considering switching back to gasoline cars due to dissatisfaction with charging infrastructure and battery performance.
US Inflation Up Slightly in June as Consumer Spending Slows Down Amid Declining Income Growth
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Walmart Eyes $200 Million Investment in Autonomous Forklifts
Walmart is considering a $200 million investment in autonomous forklifts, joining their 'FoxBots,' to enhance warehouse efficiency and reduce labor costs.
Nissan Slashes Production of Rogue Crossover at Kyushu Plant Due to US Sales Decline
Nissan has cut production at its main Japanese plant by a third due to weak U.S. demand and struggles to compete with the demand for hybrid car models.
Inside Out 2' Hits $1.46 Billion, Beating 'Frozen II' to Become Highest-Grossing Animated Film Ever
Despite not being available worldwide yet, Disney and Pixar's 'Inside Out 2' has already become the highest-grossing animated movie ever, surpassing 'Frozen II' with $1.46 billion in global ticket sales.
NBA Partners with Amazon, Disney, and NBCUniversal in $77 Billion Media Deal
The NBA has chosen Amazon as its new media partner for an 11-year, $77 billion deal, rejecting Warner Bros. Discovery's attempt to match the offer and limiting their rights to a streaming-only arrangement.
Southwest Plans Seat Assignments, Extra Legroom to Boost Revenue After 46% Profit Drop
Southwest Airlines' profit fell 46% in Q2 despite record revenue, prompting the airline to boost revenue by eliminating open seating, adding seat assignments and extra-legroom options, and introducing overnight flights.
Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
Nestle has lowered its sales forecast for the year to 3% growth, down from 4%, as consumers reject price hikes on its products, leading to a 5% drop in its shares.
AstraZeneca Expects Strong Profit As Demand Gets High for Cancer and Rare Disease Drugs
AstraZeneca has raised its full-year sales and profit forecast due to strong demand for its drugs for cancer, rare diseases, and heart disease.
Whole Food Settles Lawsuit After Firing Employee for Wearing Black Lives Matter Mask
Whole Foods settled a lawsuit with former employee Savannah Kinzer, who was fired for refusing to remove her Black Lives Matter facemask, following allegations of unlawful termination and racism.
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