Articles by Thea Felicity


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Apple, Microsoft Back Out From OpenAI Board Seats Over Antitrust Concerns
Despite initial plans to fill OpenAI's board seats, Apple and Microsoft will exit instead to avoid regulatory concerns but will continue their collaborative partnerships.
National Rifle Association's EX-CFO Faces $2M Fine and 10-Year Ban for Misspending Gun Rights Money
Wilson Phillips, the NRA’s former finance chief, has been banned from managing finances for any nonprofit in New York for the next decade and owes $2 million in damages for his role in misspent gun rights money.
Adidas Shines While Nike Flops As Drake's Line Drops Over Beef with Kendrick Lamar
Adidas may boost more sales than its rival Nike. Drake's Nike line faces challenges due to the Kendrick Lamar feud, although it could gain attention from public interest.
Alberta Residents to Receive $4M Refunds from ATCO Electric Over Cost Misrepresentation
ATCO Electric faces a $3 million fine and is ordered to refund residents $4 million for misleading the Alberta Utilities Commission about its project costs.
Texas Oil Industry Resumes Operation After Hurricane Beryl's Power Disruptions
Texas Oil and gas operations will resume operations following Hurricane Beryl's widespread power outages to almost 2.3 million Texans.
Chinese Woman Returns $310,000 Mistakenly Transferred Through Alipay
In China, a woman named Wang from Xuchang, Henan, returned 2.26 million yuan ($310,000) mistakenly transferred to her via Alipay, despite initial suspicions of a scam.
Fisker Recalls 12,000 Ocean EVs Over Faulty Door Handles On Top of Bankruptcy
Fisker Automotive Inc. is recalling over 12,000 Ocean electric vehicles worldwide due to faulty door handles. This is the company's third recall this month as it faces ongoing investigations by the NHTSA.
Thames Water Scrambles for Funds to Pay $19 Billion Debt and Prevent May 2025 Shutdowm
UK utility Thames Water urgently seeks new funding to pay off £15 billion ($19 billion) debt burden amid regulatory disputes with OFWAT and potential shutdown by May 2025.
Top CEOs, Including Apple and Walmart, Skip 2024 Presidential Donations
Over 100 Top CEOs from America's largest companies avoided financially supporting major party candidates in the 2024 presidential race, with most focusing contributions on congressional campaigns instead.
Boeing Pleads Guilty—A Timeline of 737 Max's Troubled History That Led to Criminal Charges
After two deadly 737 MAX crashes, Boeing finally pleaded guilty to criminal fraud charges with a $243.6 million fine. Here's how the criminal charges stacked up since 2018.
Bitcoin Drops As Mt. Gox Starts Repaying Creditors $9 Billion After 10-Year Bankruptcy
Bitcoin dropped 5.2% to $54,313 due to concerns over Mt. Gox's $8-9 billion Bitcoin repayment and other market sentiments that have contributed to increasing market supply and volatility.
SKOREA-SAMSUNG-STRIKE
Samsung Electronics could potentially be shaken up by workers, represented by the NSEU, going on a three-day strike in South Korea for better pay and conditions.
Wall Street Sees Election as Threat to Now-Normal US Economy
Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.
TikToker Exposes Scammer Promising $9,000 in Return for Sexual Photoshoot Involving 50 Men
A Singapore TikToker's viral video warns women about a scam offering $9,000 for a sexually suggestive photoshoot involving 50 men.
China's Hyper-Realistic Silicone Masks Raise Legal Concerns for Bypassing Facial Recognition
Hyper-realistic silicone masks in China, which can transform wearers into anyone, including celebrities, are found to bypass facial recognition, raising concerns about misuse and legal risks.
Student Loan Forgiveness: Biden Administration Announces $7.7 Billion Relief for 160,000 Borrowers
This guide provides essential information and tips for new borrowers to understand how student loans work and navigate the borrowing process effectively.
Dow Jones Industrial Average Opens Week Rising Over 200 Points
In 2023, Millennials topped the list for average savings by generation, followed by Gen Z, with Baby Boomers holding the largest total savings across generations.
Revolut Eyes IPO with Potentially $40 Billion Valuation as CEO Prepares $500M Share Sale
Revolut prepares for a $500 million share sale, potentially valuing the company at over $40 billion, as plans to eventually go public go into motion.
MACAU-CHINA-ECONOMY-LIFESTYLE
Macau will no longer offer free food at its famed casinos following complaints from local restaurants, impacting their post-pandemic recovery as tourists increasingly opt for casino perks over traditional dining experiences.
US-TECHNOLOGY-AI-HUANG
Analyst Pierre Ferragu downgraded Nvidia's rating to neutral, citing concerns over future growth and valuation. Nvidia stock has struggled to return to its glory in the past few days.
Stores In And Around Columbus, Ohio Begin Process Of Reopening For Business
Proposals to raise Ohio’s minimum wage to $15 per hour have failed this year due to insufficient signatures, delaying the initiative to potentially appearing on the ballot in 2025, following opposition from businesses.
TURKEY-INDUSTRY-AUTOMOTIVE-TOGG-T10X
Chinese automaker GAC is in talks with Turkey's TOGG for potential joint EV production ventures, a potential bilateral cooperation in both countries' automotive sectors.
CHINA-US-AUTO-TESLA-TRADE
Tesla's Model Y is now included on a Chinese government purchase list, making it the first foreign-owned electric vehicle brand approved for procurement by Jiangsu province.
JAPAN-IT-FINANCE-MTGOX-BITCOIN
Mt. Gox, the defunct Japanese Bitcoin exchange, has begun reimbursing creditors with Bitcoin and Bitcoin Cash, starting with 140,000 Bitcoins recovered out of approximately 950,000 lost.
May Jobs Reports Show Economy Added More Jobs Than Expected, 272,000 Added During The Month
In June, the US labor market added 206,000 jobs while the unemployment rate rose to 4.1%, the highest since 2021, indicating potential underlying challenges despite positive job growth.
HONG KONG-THEME-WEALTH
Italian authorities have ordered luxury fashion giants Dior and Armani to court after allegedly exploiting migrant workers earning as little as $2 an hour to produce high-priced handbags.
Tesla To Quadruple Production At Gruenheide Plant
German environmental authorities in Brandenburg have approved Tesla's Gruenheide plant expansion, sparking environmental concerns over water supply risks and local ecosystem impacts.
Donald Trump And Joe Biden Participate In First Presidential Debate
Benjamin Melman of Edmond de Rothschild Asset Management cautioned that a Trump presidency could spike treasury yields of the country due to proposed tax, immigration, and tariff policies impacting inflation and market risk.
Bahrain's King Hamad Al Khalifa Visits China
Chinese officials face challenges in attracting foreign investment due to doubts fueled by Xi Jinping's policies, despite reassurances from top leaders and intensified overseas engagements.
CHINA-ENVIRONMENT-AQUACULTURE-FISHING
China's first female Arctic crab fisher, Liu Yifan, made noise on China's Instagram by sharing how she earns $18,000 a month working 12-hour shifts in harsh conditions and racial discrimination.
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