Uber launched a new US shuttle service and expanded its partnership with Costco to attract budget-conscious consumers amidst Lyft's competition.

Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.

Gasoline prices surged in April, driving up consumer prices, while overall inflation eased; the national average for gas stood at $3.61 per gallon on Wednesday, down $0.02 from the previous month but up by over $0.40 since the start of the year.

Meta has decided to shut down its Workplace app to focus on AI and metaverse technologies. This move aligns with CEO Mark Zuckerberg's push for long-term investor patience amidst stock declines triggered by increased AI investment and slower sales growth.

Amazon is expanding its advertising strategy by introducing ads on its Prime Video streaming service. The company aims to generate $3 billion in revenue and compete with traditional media giants.

Russian President Vladimir Putin's upcoming visit to China aims to strengthen bilateral ties. Three key objectives on his agenda are securing a deal for the Power of Siberia 2 pipeline, increasing Chinese support for the conflict in Ukraine, and accessing Chinese financial markets.

President Biden has announced massive tariff increases on Chinese-made electric cars, solar panels, steel, and other goods to counter unfair trade practices and protect American jobs. Electric vehicle tariffs will rise from 25% to 100%, and solar cell tariffs will increase from 25% to 50%.

AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.

Celebrated Singapore-based bag brand Aupen, endorsed by celebrities like Taylor Swift, attracts investor interest from major European fashion conglomerates, H&M Group and Prada Group.

Alexey Pertsev, co-founder of Tornado Cash, has been sentenced to over five years in prison by a Dutch court for laundering $1.2 billion in cryptocurrency.

The Biden administration ordered a Chinese-backed cryptocurrency mining company to sell its land near a Wyoming nuclear missile base due to national security after the US Committee on Foreign Investment in the United States (CFIUS) investigation.

Procter & Gamble will shift its focus from corporate branding to individual product brands, such as Pampers and Gillette, in its advertising for the Paris 2024 Olympics.

Melinda French Gates resigned as co-chair of the Bill & Melinda Gates Foundation, citing a need to focus on her philanthropic efforts, with an additional $12.5 billion allocated for her work for women and families.

Chinese physicists raise concerns over US trade restrictions impacting quantum research, with 22 entities, including Origin Quantum Computing Technology, facing limitations.

Comac, thanks to the success of its C919 narrowbody aircraft, ventures into developing the C939 widebody jet to challenge Boeing and Airbus.

Queensland residents express disappointment to Woolworths over empty shelves due to a "terrible IT problem."

The UAE's Falcon 2 11B AI model, developed by the Technology Innovation Institute from Abu Dhabi, is a strong contender against OpenAI and Meta.

Tech giants like Meta and Apple are in fierce competition to develop the first AI-powered neurotechnology that will not be as invasive as Neuralink's.

The closure of Walmart's health centers will make healthcare access difficult for rural and low-income Americans, particularly in Arkansas, Florida, Georgia, Illinois, and Texas.

Former UK Chancellor Nadhim Zahawi admitted paying nearly £5 million to authorities to resolve tax affairs following an inquiry into a multi-million-pound settlement with HMRC over YouGov shares, maintaining it was non-deliberate.

China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.

Canadian business groups clarified to Trudeau that one in five companies, not individuals, would be affected, sparking debates over fairness and its potential impact on high-income earners and corporations.

Recent data indicates the UK economy has exited recession with a 0.6% growth in GDP; Prime Minister Rishi Sunak praises the momentum, while the Bank of England maintains interest rates at 5.25%.

Celebrity chef Gordon Ramsay's restaurant chain faced a threefold increase in losses, reaching £3.4 million ($4.89 million) last year, due to investments in opening five new dining establishments.

OpenAI CEO Sam Altman has taken his nuclear power company, Oklo, public with shares trading on the NYSE despite facing regulatory hurdles and no revenues yet.

Prime Minister Lee Hsien Loong reveals he once was scammed as Singaporeans are affected by online scammers, too, with the government expected to intensify efforts to combat fraudulent activities.

President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two nations.

Microsoft's Xbox division is preparing for further job cuts to align with ongoing restructuring efforts to optimize its gaming subsidiaries following massive acquisitions and cost-cutting initiatives.

Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.

Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.